{"url":"https://etfiq.com/compare/leverage/aape-vs-aapu","section":"compare","title":"AAPE vs AAPU: which held to its multiple? | ETFIQ","description":"AAPE sets out to return +2 times AAPL each day and AAPU +2 times. Over the month to Sep 30, 2026 they finished \u22121.0 pts and \u22121.3 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, AAPE or AAPU?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, AAPE finished 1.0 points from what its multiple implies and AAPU finished 3.5 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 AAPE and AAPU levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Apple, AAPE at +2 times and AAPU at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, AAPE or AAPU?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window AAPE\u2019s moved at 23% annualized and AAPU\u2019s at 28%, so AAPU has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold AAPE or AAPU 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, AAPE or AAPU?","acceptedAnswer":{"@type":"Answer","text":"AAPE charges 0.75% a year and AAPU charges 0.96%, 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":"AAPE vs AAPU","item":"https://etfiq.com/compare/leverage/aape-vs-aapu"}]},{"@type":"WebPage","name":"AAPE vs AAPU: which held to its multiple?","description":"AAPE sets out to return +2 times AAPL each day and AAPU +2 times. Over the month to Sep 30, 2026 they finished \u22121.0 pts and \u22121.3 pts away.","url":"https://etfiq.com/compare/leverage/aape-vs-aapu","dateModified":"2026-09-30","abstract":"Over the days both have traded, AAPE finished 1.0 points from its stated multiple and AAPU 1.3.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of AAPE and AAPU","description":"AAPE sets out to return +2 times AAPL each day and AAPU +2 times. Over the month to Sep 30, 2026 they finished \u22121.0 pts and \u22121.3 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/aape-vs-aapu","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":6417,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / AAPE vs AAPU \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n AAPE vs AAPU: which held to its multiple?\n\n Over the days both have traded, AAPE finished 1.0 points from its stated multiple and AAPU 1.3.\n Copy this for sharing \n \n Leverage Shares 2X Long AAPL Daily ETF and Direxion Daily AAPL Bull 2X ETF.\n\n Download as PDF \n\n +10.0% AAPE returned, since launch \n +22.9% AAPU returned, 3 months \n \u22124.6 pts AAPE from its stated multiple \n \u22123.5 pts AAPU from its stated multiple \n\n AAPE 1 pt short of its stated multiple \u00b7 1 month to Sep 30","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/aape-vs-aapu","a":{"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"}]},"b":{"ticker":"AAPU","name":"Direxion Daily AAPL Bull 2X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: AAPU returned +22.9% where its own daily promise gave +25.6%, 2.7 points short.","url":"https://etfiq.com/funds/aapu","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":"+22.9%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22122.7 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$156m","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/aape-vs-aapu"}