Direxion Daily AAPL Bear 1X ETF
AThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$10.060.00 (0.00%)
- 0.96%
- $16M
- −28.1%
- 4.47%
- 9.2M sh
- $10.20
- low $9.92high $14.63
The ETF.net AAPD Grade
A
Score 86 out of 100
- 1 of 58
Score 86 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A97 out of 100Rank 2 of 58Mission
Whether the fund did what it promised, tested against its stated mandate.A87 out of 100Rank 26 of 32Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A74 out of 100Rank 6 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A82 out of 100Rank 7 of 58Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A73 out of 100Rank 4 of 58
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
- 5
- 900%
- Aapl Swap Asset Leg (Aaplmls)
AAPD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
AAPD$7,194
Returns run to the Oct 12, 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 | −20.9% |
| 1 month | −2.2% |
| 3 months | −7.8% |
| 1 year | −28.1% |
| 3 years | −19.4% |
| 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 | −20.9% | |
| 2025 | −11.4% | |
| 2024 | −21.4% | |
| 2023 | −30.4% | |
| 2022 | +21.5% |
AAPD in the news
AAPD Dividends
- 4.47%
- $0.45
- $0.18 per share
- Quarterly
Distribution history
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.
- 19.9%
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.
- −1.25
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.
- −63.1%
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
0.96%
AAPD0.96%
- The middle half of Single-Stock Inverse funds
- Median 1.35%
2 of the 43 Single-Stock Inverse funds charge less.
Other funds in Single-Stock Inverse
- ATSDDGraniteShares 2x Short TSLA Daily ETFExpense ratio 1.13%1 year return −31.5%
- AAVSDirexion Daily AVGO Bear 1X SharesExpense ratio 1.21%1 year return −22.1%
- ATSLSDirexion Daily TSLA Bear 1X ETFExpense ratio 0.95%1 year return −3.6%
- APLTDDirexion Shares ETF Trust - Direxion Daily PLTR Bear 1X ETFExpense ratio 0.99%1 year return −36.9%
- ATSLQTradr 2X Short TSLA Daily ETFExpense ratio 1.23%1 year return −29.7%