PLGO vs. AAPB
PLGO (Pelagos Insurance Capital Limited) is a stock, while AAPB (GraniteShares 2x Long AAPL Daily ETF) is Leveraged Equities fund actively managed by GraniteShares. Over the past year, PLGO returned 23.98% vs 106.72% for AAPB. At a 0.17 correlation, their price movements are largely independent.
Performance
PLGO vs. AAPB - Performance Comparison
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Returns By Period
In the year-to-date period, PLGO achieves a 8.79% return, which is significantly lower than AAPB's 23.70% return.
PLGO
- 1D
- -1.72%
- 1M
- 1.59%
- YTD
- 8.79%
- 6M
- 16.46%
- 1Y
- 23.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAPB
- 1D
- -3.30%
- 1M
- 24.81%
- YTD
- 23.70%
- 6M
- 12.69%
- 1Y
- 106.72%
- 3Y*
- 23.23%
- 5Y*
- —
- 10Y*
- —
PLGO vs. AAPB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PLGO Pelagos Insurance Capital Limited | 8.79% | 11.20% | 46.32% | -1.78% |
AAPB GraniteShares 2x Long AAPL Daily ETF | 23.70% | -0.93% | 47.02% | -3.42% |
Correlation
The correlation between PLGO and AAPB is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.18 |
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Return for Risk
PLGO vs. AAPB — Risk / Return Rank
PLGO
AAPB
PLGO vs. AAPB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pelagos Insurance Capital Limited (PLGO) 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.
| PLGO | AAPB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.56 | ||
| Sortino ratioReturn per unit of downside risk | -1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.39 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 3.82 | -2.31 |
| Martin ratioReturn relative to average drawdown | 4.61 | 9.20 | -4.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PLGO | AAPB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 2.40 | -1.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.38 | +0.27 |
Drawdowns
PLGO vs. AAPB - Drawdown Comparison
The maximum PLGO drawdown since its inception was -29.91%, smaller than the maximum AAPB drawdown of -58.13%. Use the drawdown chart below to compare losses from any high point for PLGO and AAPB.
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Drawdown Indicators
| PLGO | AAPB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.91% | -58.13% | +28.22% |
Max Drawdown (1Y)Largest decline over 1 year | -15.99% | -28.11% | +12.12% |
Max Drawdown (3Y)Largest decline over 3 years | — | -58.13% | — |
Current DrawdownCurrent decline from peak | -10.70% | -3.30% | -7.40% |
Average DrawdownAverage peak-to-trough decline | -10.68% | -19.36% | +8.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.21% | 11.64% | -6.43% |
Volatility
PLGO vs. AAPB - Volatility Comparison
Pelagos Insurance Capital Limited (PLGO) has a higher volatility of 16.22% compared to GraniteShares 2x Long AAPL Daily ETF (AAPB) at 11.20%. This indicates that PLGO's price experiences larger fluctuations and is considered to be riskier 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
| PLGO | AAPB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.22% | 11.20% | +5.02% |
Volatility (6M)Calculated over the trailing 6-month period | 21.17% | 31.96% | -10.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.01% | 44.82% | -15.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.20% | 51.33% | -19.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.20% | 51.33% | -19.13% |
Dividends
PLGO vs. AAPB - Dividend Comparison
PLGO's dividend yield for the trailing twelve months is around 2.60%, less than AAPB's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AAPB GraniteShares 2x Long AAPL Daily ETF | 3.55% | 4.39% | 0.00% | 18.75% |
PLGO Pelagos Insurance Capital Limited | 2.60% | 2.55% | 2.21% | 0.00% |
Frequently Asked Questions
PLGO and AAPB have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLGO has higher volatility (16.22%) compared to AAPB (11.20%). In terms of maximum drawdown, PLGO dropped -29.91% vs AAPB's -58.13%.
AAPB currently has the higher Sharpe Ratio (2.40 vs 0.83), 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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