AAPU vs FBL
Direxion Daily AAPL Bull 2X ETF vs GraniteShares 2x Long META Daily ETF
Which is better, AAPU or FBL?
Each has led over a different period.
AAPU has a lower expense ratio. AAPU led over 1Y and 3Y, FBL over 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 | AAPU | FBL |
|---|---|---|
| Expense Ratio | 0.96%Best | 1.09% |
| AUM | $123M | $140M |
| Dividend Yield | 6.26% | 3.01% |
| Holdings | 22 | 4 |
| YTD Return | +50.60%Best | -27.85% |
| 1Y Return | +44.68%Best | -19.30% |
| 3Y Return (annualized) | +29.04%Best | +17.99% |
| Volatility (annualized) | 39.7%Best | 69.6% |
| Max Drawdown | -59.9%Best | -63.2% |
| $10,000 over 3.9 years | $28,614 | $64,766Best |
| Fund Family | Direxion Shares ETF Trust | GraniteShares |
| Category | Alternative | Alternative |
| Style | Trading-Leveraged Equity | Trading-Leveraged Equity |
| Inception | Aug 9, 2022 | Dec 13, 2022 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.9 years row, are measured over the window both funds cover: Dec 13, 2022 to Nov 12, 2026 (3.9 years).
AAPU vs FBL 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 3.9 years both funds cover.
AAPU vs FBL Performance
Direxion Daily AAPL Bull 2X ETF (AAPU) is an ETF from Direxion Shares ETF Trust and GraniteShares 2x Long META Daily ETF (FBL) is an ETF from GraniteShares. Over the past year AAPU returned +44.68% while FBL returned -19.30%. Year to date, AAPU is up 50.60% versus a loss of 27.85% for FBL.
Over three years, AAPU compounded at +29.04% per year against +17.99% for FBL. Across the full 4-year window we track, FBL has the edge at +61.45% annualized vs +30.94%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FBL has been the more volatile fund, with annualized monthly volatility of 69.6% compared with 39.7% for AAPU. 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 -59.9% for AAPU and -63.2% for FBL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.16. They move largely independently of each other.
Fees and Cost Over Time
AAPU charges 0.96% per year while FBL charges 1.09%. On a $10,000 position that is $96 vs $109 annually, a gap of $13 per year that compounds over a long holding period. On income, AAPU currently yields 6.26% against 3.01% for FBL.
Holdings Overlap
We hold position weights for 2 holdings in AAPU and 1 in FBL, totalling 49.0% and 200.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 2 positions we hold weights for in AAPU and 1 in FBL, against full books of 22 and 4.
You are not choosing between two funds in isolation.
Whichever of AAPU and FBL 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, AAPU or FBL?
AAPU has an expense ratio of 0.96% while FBL charges 1.09%. AAPU is the cheaper option, by $13 a year on a $10,000 investment.
Which performed better, AAPU or FBL?
Over the past year AAPU returned +44.68% vs -19.30% for FBL, so AAPU leads on 1-year performance. Over the longest common window we track (4 years), AAPU annualized +30.94% vs +61.45% for FBL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AAPU or FBL?
FBL has been the more volatile fund at 69.6% annualized versus 39.7% for AAPU. Worst drawdown: AAPU -59.9% vs FBL -63.2%.
Should I hold both AAPU and FBL?
AAPU and FBL have a monthly-return correlation of 0.16, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, AAPU or FBL?
AAPU yields 6.26% while FBL yields 3.01%, so AAPU currently pays the higher dividend yield.
Is FBL better than AAPU?
AAPU has a lower expense ratio. AAPU led over 1Y and 3Y, FBL over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.