{"url":"https://etfiq.com/compare/leverage/aapu-vs-aapx","section":"compare","title":"AAPU vs AAPX: which held to its multiple? | ETFIQ","description":"AAPU sets out to return +2 times AAPL each day and AAPX +2 times. Over the three months to Sep 30, 2026 they finished \u22123.5 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, AAPU or AAPX?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, AAPU finished 3.5 points from what its multiple implies and AAPX finished 3.6 points from its own, so AAPU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are AAPU and AAPX levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Apple, AAPU at +2 times and AAPX at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, AAPU or AAPX?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window AAPU\u2019s moved at 28% annualized and AAPX\u2019s at 28%, so AAPU has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold AAPU 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, AAPU or AAPX?","acceptedAnswer":{"@type":"Answer","text":"AAPU charges 0.96% a year and AAPX charges 1.05%, so AAPU 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":"AAPU vs AAPX","item":"https://etfiq.com/compare/leverage/aapu-vs-aapx"}]},{"@type":"WebPage","name":"AAPU vs AAPX: which held to its multiple?","description":"AAPU sets out to return +2 times AAPL each day and AAPX +2 times. Over the three months to Sep 30, 2026 they finished \u22123.5 pts and \u22123.6 pts away.","url":"https://etfiq.com/compare/leverage/aapu-vs-aapx","dateModified":"2026-09-30","abstract":"Over the days both have traded, AAPU finished 1.3 points from its stated multiple and AAPX 1.0.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of AAPU and AAPX","description":"AAPU sets out to return +2 times AAPL each day and AAPX +2 times. Over the three months to Sep 30, 2026 they finished \u22123.5 pts and \u22123.6 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/aapu-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":6611,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / AAPU vs AAPX \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n AAPU vs AAPX: which held to its multiple?\n\n Over the days both have traded, AAPU finished 1.3 points from its stated multiple and AAPX 1.0.\n Copy this for sharing \n \n Direxion Daily AAPL Bull 2X ETF and T-REX 2X LONG APPLE DAILY TARGET ETF.\n\n Download as PDF \n\n +22.9% AAPU returned, 3 months \n +22.8% AAPX returned, 3 months \n \u22123.5 pts AAPU from its stated multiple \n \u22123.6 pts AAPX from its stated multiple \n\n ETFIQ Decay Resistance Score: AAPU scores higher\n Did it keep up","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/aapu-vs-aapx","a":{"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"}]},"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/aapu-vs-aapx"}