FCNCA vs. AAPB
FCNCA (First Citizens BancShares, Inc.) is a stock, while AAPB (GraniteShares 2x Long AAPL Daily ETF) is Leveraged Equities fund actively managed by GraniteShares. Over the past 3 years, FCNCA returned 16.94%/yr vs 23.73%/yr for AAPB. At a 0.28 correlation, their price movements are largely independent.
Performance
FCNCA vs. AAPB - Performance Comparison
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Returns By Period
In the year-to-date period, FCNCA achieves a 0.69% return, which is significantly lower than AAPB's 39.43% return.
FCNCA
- 1D
- 4.15%
- 1M
- 2.94%
- 6M
- 0.04%
- YTD
- 0.69%
- 1Y
- 3.89%
- 3Y*
- 16.94%
- 5Y*
- 23.25%
- 10Y*
- 23.84%
AAPB
- 1D
- 3.21%
- 1M
- 21.64%
- 6M
- 54.81%
- YTD
- 39.43%
- 1Y
- 121.92%
- 3Y*
- 23.73%
- 5Y*
- —
- 10Y*
- —
FCNCA vs. AAPB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FCNCA First Citizens BancShares, Inc. | 0.69% | 1.99% | 49.46% | 87.73% | -4.09% |
AAPB GraniteShares 2x Long AAPL Daily ETF | 39.43% | -0.93% | 47.02% | 77.21% | -38.60% |
Correlation
The correlation between FCNCA and AAPB is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 0.28 |
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Return for Risk
FCNCA vs. AAPB — Risk / Return Rank
FCNCA
AAPB
FCNCA vs. AAPB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Citizens BancShares, Inc. (FCNCA) 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.
| FCNCA | AAPB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -2.60 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.40 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 4.36 | -4.20 |
| Martin ratioReturn relative to average drawdown | 0.35 | 9.99 | -9.64 |
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Drawdowns
FCNCA vs. AAPB - Drawdown Comparison
The maximum FCNCA drawdown since its inception was -63.51%, which is greater than AAPB's maximum drawdown of -58.13%. Use the drawdown chart below to compare losses from any high point for FCNCA and AAPB.
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Drawdown Indicators
| FCNCA | AAPB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.51% | -58.13% | -5.38% |
Max Drawdown (1Y)Largest decline over 1 year | -24.00% | -28.11% | +4.11% |
Max Drawdown (3Y)Largest decline over 3 years | -33.51% | -58.13% | +24.62% |
Max Drawdown (5Y)Largest decline over 5 years | -43.63% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.48% | — | — |
Current DrawdownCurrent decline from peak | -7.71% | 0.00% | -7.71% |
Average DrawdownAverage peak-to-trough decline | -13.95% | -19.06% | +5.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.24% | 12.25% | -1.01% |
Volatility
FCNCA vs. AAPB - Volatility Comparison
The current volatility for First Citizens BancShares, Inc. (FCNCA) is 7.05%, while GraniteShares 2x Long AAPL Daily ETF (AAPB) has a volatility of 22.09%. This indicates that FCNCA experiences smaller price fluctuations and is considered to be less risky than AAPB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCNCA | AAPB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.05% | 22.09% | -15.04% |
Volatility (6M)Calculated over the trailing 6-month period | 20.96% | 39.33% | -18.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.50% | 49.50% | -22.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.52% | 52.00% | -10.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.93% | 52.00% | -14.07% |
Dividends
FCNCA vs. AAPB - Dividend Comparison
FCNCA's dividend yield for the trailing twelve months is around 0.38%, less than AAPB's 3.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPB GraniteShares 2x Long AAPL Daily ETF | 3.15% | 4.39% | 0.00% | 18.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FCNCA First Citizens BancShares, Inc. | 0.38% | 0.37% | 0.33% | 0.27% | 0.28% | 0.23% | 0.29% | 0.30% | 0.38% | 0.31% | 0.34% | 0.46% |
Frequently Asked Questions
FCNCA and AAPB have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAPB has higher volatility (22.09%) compared to FCNCA (7.05%). In terms of maximum drawdown, FCNCA dropped -63.51% vs AAPB's -58.13%.
AAPB currently has the higher Sharpe Ratio (2.48 vs 0.14), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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