BLSG vs. AAPB
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 0.18 correlation, their price movements are largely independent. BLSG charges 0.75%/yr vs 1.15%/yr for AAPB.
Performance
BLSG vs. AAPB - Performance Comparison
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Returns By Period
In the year-to-date period, BLSG achieves a -58.79% return, which is significantly lower than AAPB's 23.70% return.
BLSG
- 1D
- -15.77%
- 1M
- -55.27%
- YTD
- -58.79%
- 6M
- -73.27%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAPB
- 1D
- -3.30%
- 1M
- 24.81%
- YTD
- 23.70%
- 6M
- 12.69%
- 1Y
- 106.72%
- 3Y*
- 23.23%
- 5Y*
- —
- 10Y*
- —
BLSG vs. AAPB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BLSG Leverage Shares 2X Long BLSH Daily ETF | -58.79% | -60.00% |
AAPB GraniteShares 2x Long AAPL Daily ETF | 23.70% | 0.98% |
Correlation
The correlation between BLSG and AAPB is 0.18, 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 28, 2025 | 0.18 |
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Return for Risk
BLSG vs. AAPB — Risk / Return Rank
BLSG
AAPB
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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| BLSG | AAPB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.66 | 0.38 | -1.04 |
Drawdowns
BLSG vs. AAPB - Drawdown Comparison
The maximum BLSG drawdown since its inception was -83.67%, 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.
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Drawdown Indicators
| BLSG | AAPB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.67% | -58.13% | -25.54% |
Max Drawdown (1Y)Largest decline over 1 year | — | -28.11% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -58.13% | — |
Current DrawdownCurrent decline from peak | -83.52% | -3.30% | -80.22% |
Average DrawdownAverage peak-to-trough decline | -60.12% | -19.36% | -40.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 11.64% | — |
Volatility
BLSG vs. AAPB - Volatility Comparison
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Volatility by Period
| BLSG | AAPB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.20% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 31.96% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 145.44% | 44.82% | +100.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 145.44% | 51.33% | +94.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 145.44% | 51.33% | +94.11% |
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 3.55%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AAPB GraniteShares 2x Long AAPL Daily ETF | 3.55% | 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
BLSG and AAPB have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
BLSG is cheaper with a 0.75% expense ratio, compared with 1.15% for AAPB.
AAPB has the higher dividend yield at 3.55%, compared with 0.00% for BLSG.
They also come from different issuers: Leverage Shares and GraniteShares. Their fees differ too: 0.75% for BLSG and 1.15% for AAPB.
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