AAPB vs QQQ
GraniteShares 2x Long AAPL Daily ETF vs Invesco QQQ Trust, Series 1
Which is better, AAPB or QQQ?
Trading-Leveraged Equity against Large Cap Growth.
QQQ has a lower expense ratio. AAPB led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AAPB | QQQ |
|---|---|---|
| Expense Ratio | 1.15% | 0.18%Best |
| AUM | $17M | $437.3B |
| Dividend Yield | 3.06% | 0.43% |
| Holdings | 4 | 208 |
| YTD Return | +41.93%Best | +7.37% |
| 1Y Return | +41.69%Best | +7.77% |
| 3Y Return (annualized) | +30.77%Best | +21.44% |
| 5Y Return (annualized) | - | +11.19% |
| Volatility (annualized) | 43.9% | 19.2%Best |
| Max Drawdown | -58.1% | -22.8%Best |
| $10,000 over 4.2 years | $22,215Best | $21,058 |
| Fund Family | GraniteShares | Invesco (US) |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Growth |
| Inception | Aug 9, 2022 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.2 years row, are measured over the window both funds cover: Aug 9, 2022 to Nov 6, 2026 (4.2 years).
AAPB vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.2 years both funds cover.
AAPB vs QQQ Performance
GraniteShares 2x Long AAPL Daily ETF (AAPB) is an ETF from GraniteShares and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year AAPB returned +41.69% while QQQ returned +7.77%. Year to date, AAPB is up 41.93% versus a gain of 7.37% for QQQ.
Over three years, AAPB compounded at +30.77% per year against +21.44% for QQQ. Across the full 4-year window we track, AAPB has the edge at +20.93% annualized vs +19.40%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AAPB has been the more volatile fund, with annualized monthly volatility of 43.9% compared with 19.2% for QQQ. 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 -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.58. They move together some of the time, and apart the rest.
Fees and Cost Over Time
AAPB charges 1.15% per year while QQQ charges 0.18%. On a $10,000 position that is $115 vs $18 annually, a gap of $97 per year that compounds over a long holding period. On income, AAPB currently yields 3.06% against 0.43% for QQQ.
Holdings Overlap
At least 7.7% of QQQ's money is in holdings AAPB also owns.
Only one direction is shown: for AAPB, our book for it lists positions totalling 200.0% of the fund, which is what a leveraged book looks like and is not a denominator we can divide by.
QQQ and AAPB share little of their money.
1 positions in common, counted across the 1 positions we hold weights for in AAPB and 101 in QQQ, against full books of 4 and 208.
Top Shared Holdings
| Stock | Weight in AAPB | Weight in QQQ | Difference |
|---|---|---|---|
| AAPLApple Inc | 200.02% | 7.68% | 192.34% |
You are not choosing between two funds in isolation.
Whichever of AAPB and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AAPB or QQQ?
AAPB has an expense ratio of 1.15% while QQQ charges 0.18%. QQQ is the cheaper option, by $97 a year on a $10,000 investment.
Which performed better, AAPB or QQQ?
Over the past year AAPB returned +41.69% vs +7.77% for QQQ, so AAPB leads on 1-year performance. Over the longest common window we track (4 years), AAPB annualized +20.93% vs +19.40% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AAPB or QQQ?
AAPB has been the more volatile fund at 43.9% annualized versus 19.2% for QQQ. Worst drawdown: AAPB -58.1% vs QQQ -22.8%.
Should I hold both AAPB and QQQ?
AAPB and QQQ have a monthly-return correlation of 0.58, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between AAPB and QQQ?
At least 7.7% of QQQ's money is in holdings AAPB also owns. Our book for AAPB is partial, so the real figure is this or higher. They hold 1 positions in common, counted across the 1 positions we hold weights for in AAPB and 101 in QQQ.
Which pays a higher dividend, AAPB or QQQ?
AAPB yields 3.06% while QQQ yields 0.43%, so AAPB currently pays the higher dividend yield.
Is QQQ better than AAPB?
QQQ has a lower expense ratio. AAPB led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.