Direxion Daily AAPL Bear 1X ETF
$10.16+0.07 (+0.72%)
- Expense ratio
- 0.96%
- Fund size
- $17M
- 1Y return
- −24.6%
- Yield · Last 12 months
- 5.69%
- Holdings
- 10
- Volume · 30D
- 9.5M sh
- NAV per share
- $10.34
- 52W range
The ETF.net AAPD Grade
Score 87 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 97Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 87Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.AScore 75Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 85Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 72Category rank
Our read on AAPD
AThe straight-shooting short on Apple. No 2x, no options overlay: AAPD aims to deliver 100% of the inverse of AAPL's daily move, and it charges less than the typical single-stock bear fund to do it.
The fund seeks daily investment results, before fees and expenses, equal to 100% of the inverse of the performance of Apple Inc.'s common shares.
Why people hold it
- One-to-one inverse, not amplified. The fund targets 100% of the opposite of Apple's daily move, so a bearish view doesn't come pre-loaded with 2x leverage on top.direxion.com
- Cheap for the aisle it sits in: 0.96% a year against a 1.29% median for inverse single-stock funds, and under 2x rivals like TSDD (1.13%) and MSTZ (1.05%).
- An early mover in single-stock ETFs, live since 2022, and one of the more actively traded names in the inverse single-stock group.
- Hits its stated daily target closely and ranks among the strongest implementations in its peer group of inverse single-stock funds.
Worth knowing
- The objective resets every day. Hold longer and compounding takes over, so results over a week or a month can differ from the inverse of Apple's move over that stretch, especially in choppy markets.
- One company, one story. There is no diversification here: an Apple earnings night or product cycle drives the entire position.
- A small fund by assets, and any distributions come on a quarterly schedule rather than as a steady income stream.
AAPD Holdings
- Other
- 10
- 353%
- DREYFUS GOVT CASH MAN INS
AAPD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | AAPD |
|---|---|
| Year to date | −20.7% |
| 1 month | −8.6% |
| 3 months | −13.4% |
| 1 year | −24.6% |
| 3 years | −20.2% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | AAPD |
|---|---|---|
| 2026 YTD | −20.7% | |
| 2025 | −11.4% | |
| 2024 | −21.4% | |
| 2023 | −30.4% | |
| 2022 | +21.5% |
AAPD in the news
ETF.net Research hasn’t filed on AAPD yet — coverage lands here as it’s written.
AAPD Dividends
- 5.69%
- $0.57
- $0.18 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 22, 2026 | Pays Sep 29, 2026 | $0.18 |
| Jun 23, 2026 | Jun 30, 2026 | $0.08 |
| Mar 24, 2026 | Mar 31, 2026 | $0.08 |
| Dec 23, 2025 | Dec 31, 2025 | $0.11 |
| Sep 23, 2025 | Sep 30, 2025 | $0.12 |
| Jun 24, 2025 | Jul 1, 2025 | $0.12 |
| Mar 25, 2025 | Apr 1, 2025 | $0.12 |
| Dec 23, 2024 | Dec 31, 2024 | $0.16 |
| Sep 24, 2024 | Oct 1, 2024 | $0.15 |
| Jun 25, 2024 | Jul 2, 2024 | $0.21 |
| Mar 19, 2024 | Mar 26, 2024 | $0.18 |
| Dec 21, 2023 | Dec 29, 2023 | $0.26 |
AAPD Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 20.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.96
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −63.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- −0.84
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
AAPD Cost
- The middle half of Single-Stock Inverse funds
- Median 1.35%
2 of the 43 Single-Stock Inverse funds charge less.