{"url":"https://etfiq.com/compare/leverage/aapb-vs-aapd","section":"compare","title":"AAPB vs AAPD: which held to its multiple? | ETFIQ","description":"AAPB sets out to return +2 times AAPL each day and AAPD -1 times. Over the three months to Sep 30, 2026 they finished \u22122.7 pts and +1.2 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, AAPB or AAPD?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, AAPB finished 2.7 points from what its multiple implies and AAPD finished 1.2 points from its own, so AAPD came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are AAPB and AAPD levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Apple, AAPB at +2 times and AAPD at -1 times the daily move."}},{"@type":"Question","name":"Which one decays faster, AAPB or AAPD?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window AAPB\u2019s moved at 28% annualized and AAPD\u2019s at 28%, so AAPB has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold AAPB or AAPD for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, AAPB or AAPD?","acceptedAnswer":{"@type":"Answer","text":"AAPB charges 1.15% a year and AAPD charges 0.96%, so AAPD is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"AAPB vs AAPD","item":"https://etfiq.com/compare/leverage/aapb-vs-aapd"}]},{"@type":"WebPage","name":"AAPB vs AAPD: which held to its multiple?","description":"AAPB sets out to return +2 times AAPL each day and AAPD -1 times. Over the three months to Sep 30, 2026 they finished \u22122.7 pts and +1.2 pts away.","url":"https://etfiq.com/compare/leverage/aapb-vs-aapd","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, AAPB finished 1.9 points short and AAPD 1.4 points over.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of AAPB and AAPD","description":"AAPB sets out to return +2 times AAPL each day and AAPD -1 times. Over the three months to Sep 30, 2026 they finished \u22122.7 pts and +1.2 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/aapb-vs-aapd","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":7210,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / AAPB vs AAPD \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n AAPB vs AAPD: which held to its multiple?\n\n Over three months against its own daily promise, AAPB finished 1.9 points short and AAPD 1.4 points over.\n Copy this for sharing \n \n GraniteShares 2x Long AAPL Daily ETF and Direxion Daily AAPL Bear 1X ETF.\n\n Download as PDF \n\n +23.7% AAPB returned, 3 months \n \u221212.0% AAPD returned, 3 months \n \u22122.7 pts AAPB from its stated multiple \n +1.2 pts AAPD from its stated multiple \n\n ETFIQ Decay Resistance Score: AAPB scores higher\n Did ","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/aapb-vs-aapd","a":{"ticker":"AAPB","name":"GraniteShares 2x Long AAPL Daily ETF","issuer":"GraniteShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: AAPB returned +23.7% where its own daily promise gave +25.6%, 1.9 points short.","url":"https://etfiq.com/funds/aapb","key_facts":[{"label":"What AAPL did","value":"+13.2%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+25.6%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+23.7%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22121.9 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$17m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.15%","as_of":"2026-09-30","source":"485BPOS XBRL, Oct 24, 2025"}]},"b":{"ticker":"AAPD","name":"Direxion Daily AAPL Bear 1X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: AAPD returned \u221212.0% where its own daily promise gave \u221213.4%, 1.4 points over.","url":"https://etfiq.com/funds/aapd","key_facts":[{"label":"What AAPL did","value":"+13.2%","as_of":"2026-09-30","source":null},{"label":"What \u22121 times a day gives","value":"\u221213.4%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221212.0%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+1.4 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$13m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.96%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/aapb-vs-aapd"}