AAPB vs VOO
GraniteShares 2x Long AAPL Daily ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. AAPB delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | AAPB | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.15% | 0.03% | |
| AUM | $20M | $979.0B | |
| Dividend Yield | 4.15% | 1.09% | |
| Holdings | 2 | 509 | |
| YTD Return | +16.04% | +14.48% | |
| 1Y Return | +50.58% | +22.02% | |
| 3Y Return (annualized) | +21.84% | +21.80% | |
| 5Y Return (annualized) | - | +13.36% | |
| Volatility (annualized) | 45.1% | 14.2% | |
| Max Drawdown | -58.1% | -34.3% | |
| Fund Family | GraniteShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Aug 9, 2022 | Sep 7, 2010 |
AAPB vs VOO Performance
GraniteShares 2x Long AAPL Daily ETF (AAPB) is a ETF from GraniteShares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year AAPB returned +50.58% while VOO returned +22.02%. Year to date, AAPB is up 16.04% versus a gain of 14.48% for VOO.
Over three years, AAPB compounded at +21.84% per year against +21.80% for VOO. Across the full 4-year window we track, AAPB has the edge at +16.29% annualized vs +13.61%. 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 14.2% for VOO. 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 -34.3% for VOO. 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 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AAPB charges 1.15% per year while VOO 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 4.15% against 1.09% for VOO.
Holdings Overlap
AAPB and VOO share 1 holdings out of 505 unique holdings combined, representing a 6.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in AAPB | Weight in VOO | Difference |
|---|---|---|---|
| AAPL | 66.65% | 6.59% | 60.06% |
Frequently Asked Questions
Which is cheaper, AAPB or VOO?
AAPB has an expense ratio of 1.15% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $112 per year of difference.
Which performed better, AAPB or VOO?
Over the past year AAPB returned +50.58% vs +22.02% for VOO, so AAPB leads on 1-year performance. Over the longest common window we track (4 years), AAPB annualized +16.29% vs +13.61% for VOO. Past performance does not guarantee future results.
Which is riskier, AAPB or VOO?
AAPB has been the more volatile fund at 45.1% annualized versus 14.2% for VOO. Worst drawdown: AAPB -58.1% vs VOO -34.3%.
Should I hold both AAPB and VOO?
AAPB and VOO have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AAPB and VOO?
AAPB and VOO share 1 common holdings with a 6.6% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, AAPB or VOO?
AAPB yields 4.15% while VOO yields 1.09%, so AAPB currently pays the higher dividend yield.
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