AAPU vs. NVDU
Compare and contrast key facts about Direxion Daily AAPL Bull 2X Shares (AAPU) and Direxion Daily NVDA Bull 2X Shares ETF (NVDU).
AAPU and NVDU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AAPU is a passively managed fund by Direxion that tracks the performance of the Apple Inc. (150%). It was launched on Aug 8, 2022. NVDU is an actively managed fund by Direxion. It was launched on Sep 13, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAPU or NVDU.
Key characteristics
| AAPU | NVDU | |
|---|---|---|
| YTD Return | 32.60% | 389.61% |
| 1Y Return | 42.91% | 423.65% |
| Sharpe Ratio | 1.00 | 4.44 |
| Sortino Ratio | 1.63 | 3.50 |
| Omega Ratio | 1.20 | 1.46 |
| Calmar Ratio | 1.48 | 8.41 |
| Martin Ratio | 3.47 | 22.83 |
| Ulcer Index | 12.19% | 18.84% |
| Daily Std Dev | 42.41% | 96.79% |
| Max Drawdown | -41.79% | -51.13% |
| Current Drawdown | -10.32% | -1.62% |
Correlation
The correlation between AAPU and NVDU is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AAPU vs. NVDU - Performance Comparison
In the year-to-date period, AAPU achieves a 32.60% return, which is significantly lower than NVDU's 389.61% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AAPU vs. NVDU - Expense Ratio Comparison
Both AAPU and NVDU have an expense ratio of 1.04%.
Risk-Adjusted Performance
AAPU vs. NVDU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AAPL Bull 2X Shares (AAPU) and Direxion Daily NVDA Bull 2X Shares ETF (NVDU). 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.
Dividends
AAPU vs. NVDU - Dividend Comparison
AAPU's dividend yield for the trailing twelve months is around 2.34%, more than NVDU's 1.06% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
AAPU Direxion Daily AAPL Bull 2X Shares | 2.34% | 2.32% | 0.79% |
NVDU Direxion Daily NVDA Bull 2X Shares ETF | 1.06% | 0.64% | 0.00% |
Drawdowns
AAPU vs. NVDU - Drawdown Comparison
The maximum AAPU drawdown since its inception was -41.79%, smaller than the maximum NVDU drawdown of -51.13%. Use the drawdown chart below to compare losses from any high point for AAPU and NVDU. For additional features, visit the drawdowns tool.
Volatility
AAPU vs. NVDU - Volatility Comparison
The current volatility for Direxion Daily AAPL Bull 2X Shares (AAPU) is 10.51%, while Direxion Daily NVDA Bull 2X Shares ETF (NVDU) has a volatility of 22.71%. This indicates that AAPU experiences smaller price fluctuations and is considered to be less risky than NVDU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.