AAPB vs IVV
GraniteShares 2x Long AAPL Daily ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. AAPB delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | AAPB | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.15% | 0.03% | |
| AUM | $16M | $907.0B | |
| Dividend Yield | 3.16% | 1.10% | |
| Holdings | 2 | 508 | |
| YTD Return | +24.77% | +13.22% | |
| 1Y Return | +65.92% | +21.62% | |
| 3Y Return (annualized) | +26.52% | +22.17% | |
| 5Y Return (annualized) | - | +13.42% | |
| Volatility (annualized) | 45.1% | 15.1% | |
| Max Drawdown | -58.1% | -56.5% | |
| Fund Family | GraniteShares | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Aug 9, 2022 | May 15, 2000 |
AAPB vs IVV Performance
GraniteShares 2x Long AAPL Daily ETF (AAPB) is a ETF from GraniteShares and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year AAPB returned +65.92% while IVV returned +21.62%. Year to date, AAPB is up 24.77% versus a gain of 13.22% for IVV.
Over three years, AAPB compounded at +26.52% per year against +22.17% for IVV. Across the full 4-year window we track, AAPB has the edge at +18.33% annualized vs +7.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AAPB has been the more volatile fund, with annualized monthly volatility of 45.1% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -58.1% for AAPB and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AAPB charges 1.15% per year while IVV charges 0.03%. On a $10,000 position that is $115 vs $3 annually, a gap of $112 per year that compounds over a long holding period. On income, AAPB currently yields 3.16% against 1.10% for IVV.
Holdings Overlap
AAPB and IVV share 1 holdings out of 505 unique holdings combined, representing a 7.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in AAPB | Weight in IVV | Difference |
|---|---|---|---|
| AAPL | 66.65% | 7.44% | 59.21% |
Frequently Asked Questions
Which is cheaper, AAPB or IVV?
AAPB has an expense ratio of 1.15% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $112 per year of difference.
Which performed better, AAPB or IVV?
Over the past year AAPB returned +65.92% vs +21.62% for IVV, so AAPB leads on 1-year performance. Over the longest common window we track (4 years), AAPB annualized +18.33% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, AAPB or IVV?
AAPB has been the more volatile fund at 45.1% annualized versus 15.1% for IVV. Worst drawdown: AAPB -58.1% vs IVV -56.5%.
Should I hold both AAPB and IVV?
AAPB and IVV have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AAPB and IVV?
AAPB and IVV share 1 common holdings with a 7.4% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, AAPB or IVV?
AAPB yields 3.16% while IVV yields 1.10%, so AAPB currently pays the higher dividend yield.
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