{"url":"https://etfiq.com/compare/leverage/aapd-vs-aapx","section":"compare","title":"AAPD vs AAPX: which held to its multiple? | ETFIQ","description":"AAPD sets out to return -1 times AAPL each day and AAPX +2 times. Over the three months to Sep 30, 2026 they finished +1.2 pts and \u22123.6 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, AAPD or AAPX?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, AAPD finished 1.2 points from what its multiple implies and AAPX finished 3.6 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 AAPD and AAPX levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Apple, AAPD at -1 times and AAPX at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, AAPD or AAPX?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window AAPD\u2019s moved at 28% annualized and AAPX\u2019s at 28%, so AAPD has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold AAPD or AAPX 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 AAPX?","acceptedAnswer":{"@type":"Answer","text":"AAPD charges 0.96% a year and AAPX charges 1.05%, 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":"AAPD vs AAPX","item":"https://etfiq.com/compare/leverage/aapd-vs-aapx"}]},{"@type":"WebPage","name":"AAPD vs AAPX: which held to its multiple?","description":"AAPD sets out to return -1 times AAPL each day and AAPX +2 times. Over the three months to Sep 30, 2026 they finished +1.2 pts and \u22123.6 pts away.","url":"https://etfiq.com/compare/leverage/aapd-vs-aapx","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, AAPD finished 1.4 points over and AAPX 2.8 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 AAPX","description":"AAPD sets out to return -1 times AAPL each day and AAPX +2 times. Over the three months to Sep 30, 2026 they finished +1.2 pts and \u22123.6 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/aapd-vs-aapx","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":7197,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / AAPD vs AAPX \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n AAPD vs AAPX: which held to its multiple?\n\n Over three months against its own daily promise, AAPD finished 1.4 points over and AAPX 2.8 points short.\n Copy this for sharing \n \n Direxion Daily AAPL Bear 1X ETF and T-REX 2X LONG APPLE DAILY TARGET ETF.\n\n Download as PDF \n\n \u221212.0% AAPD returned, 3 months \n +22.8% AAPX returned, 3 months \n +1.2 pts AAPD from its stated multiple \n \u22123.6 pts AAPX from its stated multiple \n\n ETFIQ Decay Resistance Score: AAPX 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/aapd-vs-aapx","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":"AAPX","name":"T-REX 2X LONG APPLE DAILY TARGET ETF","issuer":"T-REX","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: AAPX returned +22.8% where its own daily promise gave +25.6%, 2.8 points short.","url":"https://etfiq.com/funds/aapx","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":"+22.8%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22122.8 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$9m","as_of":"2026-09-30","source":"issuer page, as of Sep 29, 2026"},{"label":"Expense ratio","value":"1.05%","as_of":"2026-09-30","source":"485BPOS XBRL, Apr 30, 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-aapx"}