BLSG vs. AAPB

Last updated Jun 24, 2026

BLSG (Leverage Shares 2X Long BLSH Daily ETF) and AAPB (GraniteShares 2x Long AAPL Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.19 correlation, their price movements are largely independent. BLSG charges 0.75%/yr vs 1.15%/yr for AAPB.

Performance

BLSG vs. AAPB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long BLSH Daily ETF (BLSG) and GraniteShares 2x Long AAPL Daily ETF (AAPB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BLSG achieves a -69.25% return, which is significantly lower than AAPB's 10.97% return.

BLSG

• 1D: -0.37%
• 1M: -53.27%
• YTD: -69.25%
• 6M: -75.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AAPB

• 1D: -1.59%
• 1M: -9.88%
• YTD: 10.97%
• 6M: 10.46%
• 1Y: 90.68%
• 3Y*: 17.03%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BLSG vs. AAPB - Yearly Performance Comparison

	2026 (YTD)	2025
BLSG Leverage Shares 2X Long BLSH Daily ETF	-69.25%	-58.81%
AAPB GraniteShares 2x Long AAPL Daily ETF	10.97%	5.71%

Correlation

The correlation between BLSG and AAPB is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025	0.19

Return for Risk

BLSG vs. AAPB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BLSG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

AAPB

AAPB Risk / Return Rank: 60
AAPB Sharpe Ratio Rank: 65
AAPB Sortino Ratio Rank: 59
AAPB Omega Ratio Rank: 58
AAPB Calmar Ratio Rank: 68
AAPB Martin Ratio Rank: 48

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BLSG vs. AAPB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long BLSH Daily ETF (BLSG) and GraniteShares 2x Long AAPL Daily ETF (AAPB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BLSG	AAPB	Difference
Sharpe ratio: Return per unit of total volatility	—	2.01	—
Sortino ratio: Return per unit of downside risk	—	2.64	—
Omega ratio: Gain probability vs. loss probability	—	1.34	—
Calmar ratio: Return relative to maximum drawdown	—	3.24	—
Martin ratio: Return relative to average drawdown	—	7.65	—

Drawdowns

BLSG vs. AAPB - Drawdown Comparison

The maximum BLSG drawdown since its inception was -88.78%, which is greater than AAPB's maximum drawdown of -58.13%. Use the drawdown chart below to compare losses from any high point for BLSG and AAPB.

Drawdown Indicators

	BLSG	AAPB	Difference
Max Drawdown Largest peak-to-trough decline	-88.78%	-58.13%	-30.65%
Max Drawdown (1Y) Largest decline over 1 year	—	-28.11%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-58.13%	—
Current Drawdown Current decline from peak	-87.70%	-13.26%	-74.44%
Average Drawdown Average peak-to-trough decline	-61.80%	-19.23%	-42.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.89%	—

Volatility

Volatility by Period

	BLSG	AAPB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.32%	—
Volatility (6M) Calculated over the trailing 6-month period	—	33.46%	—
Volatility (1Y) Calculated over the trailing 1-year period	146.04%	45.34%	+100.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	146.04%	51.27%	+94.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	146.04%	51.27%	+94.77%

BLSG vs. AAPB - Expense Ratio Comparison

BLSG has a 0.75% expense ratio, which is lower than AAPB's 1.15% expense ratio.

Dividends

BLSG vs. AAPB - Dividend Comparison

BLSG has not paid dividends to shareholders, while AAPB's dividend yield for the trailing twelve months is around 3.96%.

Position	TTM	2025	2024	2023
AAPB GraniteShares 2x Long AAPL Daily ETF	3.96%	4.39%	0.00%	18.75%
BLSG Leverage Shares 2X Long BLSH Daily ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BLSG and AAPB in my portfolio?

BLSG and AAPB have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BLSG or AAPB?

On fees, BLSG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BLSG or AAPB?

BLSG is cheaper with a 0.75% expense ratio, compared with 1.15% for AAPB.

Which ETF pays a higher dividend yield, BLSG or AAPB?

AAPB has the higher dividend yield at 3.96%, compared with 0.00% for BLSG.

What is the main difference between BLSG and AAPB?

They also come from different issuers: Leverage Shares and GraniteShares. Their fees differ too: 0.75% for BLSG and 1.15% for AAPB.