{"url":"https://etfiq.com/compare/leverage/aapd-vs-iosx","section":"compare","title":"AAPD vs IOSX: which held to its multiple? | ETFIQ","description":"AAPD sets out to return -1 times AAPL each day and IOSX +2 times. Over the three months to Sep 30, 2026 they finished +1.2 pts and \u22123.7 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, AAPD or IOSX?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, AAPD finished 1.2 points from what its multiple implies and IOSX finished 3.7 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 IOSX levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Apple, AAPD at -1 times and IOSX at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, AAPD or IOSX?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window AAPD\u2019s moved at 28% annualized and IOSX\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 IOSX 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 IOSX?","acceptedAnswer":{"@type":"Answer","text":"AAPD charges 0.96% a year and IOSX charges 0.45%, so IOSX 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 IOSX","item":"https://etfiq.com/compare/leverage/aapd-vs-iosx"}]},{"@type":"WebPage","name":"AAPD vs IOSX: which held to its multiple?","description":"AAPD sets out to return -1 times AAPL each day and IOSX +2 times. Over the three months to Sep 30, 2026 they finished +1.2 pts and \u22123.7 pts away.","url":"https://etfiq.com/compare/leverage/aapd-vs-iosx","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, AAPD finished 1.4 points over and IOSX 2.9 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 IOSX","description":"AAPD sets out to return -1 times AAPL each day and IOSX +2 times. Over the three months to Sep 30, 2026 they finished +1.2 pts and \u22123.7 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/aapd-vs-iosx","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":7204,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / AAPD vs IOSX \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n AAPD vs IOSX: which held to its multiple?\n\n Over three months against its own daily promise, AAPD finished 1.4 points over and IOSX 2.9 points short.\n Copy this for sharing \n \n Direxion Daily AAPL Bear 1X ETF and Corgi AAPL 2x Daily ETF.\n\n Download as PDF \n\n \u221212.0% AAPD returned, 3 months \n +22.7% IOSX returned, 3 months \n +1.2 pts AAPD from its stated multiple \n \u22123.7 pts IOSX from its stated multiple \n\n ETFIQ Decay Resistance Score: IOSX scores higher\n Did it keep up wi","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-iosx","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":"IOSX","name":"Corgi AAPL 2x Daily ETF","issuer":"Corgi","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: IOSX returned +22.7% where its own daily promise gave +25.6%, 2.9 points short.","url":"https://etfiq.com/funds/iosx","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":"+22.7%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22122.9 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$501,176","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.45%","as_of":"2026-09-30","source":"485BPOS XBRL, Jun 5, 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-iosx"}