{"url":"https://etfiq.com/compare/leverage/aapd-vs-aape","section":"compare","title":"AAPD vs AAPE: which held to its multiple? | ETFIQ","description":"AAPD sets out to return -1 times AAPL each day and AAPE +2 times. Over the month to Sep 30, 2026 they finished +0.5 pts and \u22121.0 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, AAPD or AAPE?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, AAPD finished 1.2 points from what its multiple implies and AAPE finished 1.0 points from its own, so AAPE came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are AAPD and AAPE levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Apple, AAPD at -1 times and AAPE at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, AAPD or AAPE?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window AAPD\u2019s moved at 28% annualized and AAPE\u2019s at 23%, so AAPD has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold AAPD or AAPE 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, AAPD or AAPE?","acceptedAnswer":{"@type":"Answer","text":"AAPD charges 0.96% a year and AAPE charges 0.75%, so AAPE 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":"AAPD vs AAPE","item":"https://etfiq.com/compare/leverage/aapd-vs-aape"}]},{"@type":"WebPage","name":"AAPD vs AAPE: which held to its multiple?","description":"AAPD sets out to return -1 times AAPL each day and AAPE +2 times. Over the month to Sep 30, 2026 they finished +0.5 pts and \u22121.0 pts away.","url":"https://etfiq.com/compare/leverage/aapd-vs-aape","dateModified":"2026-09-30","abstract":"Over a month against its own daily promise, AAPD finished 0.7 points over and AAPE 0.8 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of AAPD and AAPE","description":"AAPD sets out to return -1 times AAPL each day and AAPE +2 times. Over the month to Sep 30, 2026 they finished +0.5 pts and \u22121.0 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/aapd-vs-aape","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":6627,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / AAPD vs AAPE \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n AAPD vs AAPE: which held to its multiple?\n\n Over a month against its own daily promise, AAPD finished 0.7 points over and AAPE 0.8 points short.\n Copy this for sharing \n \n Direxion Daily AAPL Bear 1X ETF and Leverage Shares 2X Long AAPL Daily ETF.\n\n Download as PDF \n\n \u221212.0% AAPD returned, 3 months \n +10.0% AAPE returned, since launch \n +1.2 pts AAPD from its stated multiple \n \u22124.6 pts AAPE from its stated multiple \n\n AAPD 1.2 pts ahead of its stated multiple \u00b7 3 months ","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/aapd-vs-aape","a":{"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"}]},"b":{"ticker":"AAPE","name":"Leverage Shares 2X Long AAPL Daily ETF","issuer":"Leverage Shares","desk":"leverage","as_of":"2026-09-30","verdict":"One month to Sep 30, 2026: AAPE returned +9.2% where its own daily promise gave +10.0%, 0.8 points short.","url":"https://etfiq.com/funds/aape","key_facts":[{"label":"What AAPL did","value":"+5.1%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+10.0%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+9.2%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22120.8 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$797,000","as_of":"2026-09-30","source":"issuer page, as of Sep 29, 2026"},{"label":"Expense ratio","value":"0.75%","as_of":"2026-09-30","source":"485BPOS XBRL, Jun 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/aapd-vs-aape"}