AAPX vs. NVDU
Compare and contrast key facts about T-Rex 2X Long Apple Daily Target ETF (AAPX) and Direxion Daily NVDA Bull 2X Shares ETF (NVDU).
AAPX and NVDU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AAPX is an actively managed fund by T-Rex. It was launched on Jan 10, 2024. 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: AAPX or NVDU.
Correlation
The correlation between AAPX and NVDU is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AAPX vs. NVDU - Performance Comparison
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Key characteristics
AAPX:
0.12
NVDU:
0.14
AAPX:
0.64
NVDU:
1.03
AAPX:
1.09
NVDU:
1.13
AAPX:
0.14
NVDU:
0.22
AAPX:
0.40
NVDU:
0.46
AAPX:
20.38%
NVDU:
32.68%
AAPX:
65.56%
NVDU:
118.71%
AAPX:
-58.55%
NVDU:
-67.27%
AAPX:
-40.93%
NVDU:
-47.73%
Returns By Period
In the year-to-date period, AAPX achieves a -36.65% return, which is significantly lower than NVDU's -33.18% return.
AAPX
-36.65%
11.38%
-21.84%
7.86%
N/A
N/A
NVDU
-33.18%
19.75%
-45.09%
16.51%
N/A
N/A
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AAPX vs. NVDU - Expense Ratio Comparison
AAPX has a 1.05% expense ratio, which is higher than NVDU's 1.04% expense ratio.
Risk-Adjusted Performance
AAPX vs. NVDU — Risk-Adjusted Performance Rank
AAPX
NVDU
AAPX vs. NVDU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long Apple Daily Target ETF (AAPX) 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.
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Dividends
AAPX vs. NVDU - Dividend Comparison
AAPX's dividend yield for the trailing twelve months is around 33.87%, more than NVDU's 25.64% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
AAPX T-Rex 2X Long Apple Daily Target ETF | 33.87% | 21.46% | 0.00% |
NVDU Direxion Daily NVDA Bull 2X Shares ETF | 25.64% | 16.85% | 0.64% |
Drawdowns
AAPX vs. NVDU - Drawdown Comparison
The maximum AAPX drawdown since its inception was -58.55%, smaller than the maximum NVDU drawdown of -67.27%. Use the drawdown chart below to compare losses from any high point for AAPX and NVDU. For additional features, visit the drawdowns tool.
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Volatility
AAPX vs. NVDU - Volatility Comparison
The current volatility for T-Rex 2X Long Apple Daily Target ETF (AAPX) is 22.53%, while Direxion Daily NVDA Bull 2X Shares ETF (NVDU) has a volatility of 28.29%. This indicates that AAPX 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.
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