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Launched

Direxion Daily AAPL Bull 2X Shares

AAPUNasdaqDirexionBThis 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.

$45.27−1.60 (−3.41%)

At close: Nov 2, 2026, 4:00 PM ET

B68/ 100

Rank 8 of 380 in Single-Stock Long Leveraged

B68/100Rank 8 of 380inSingle-Stock Long Leveraged
Intraday session: down, 79 prints from 46.87 to 45.27. Range 44.59 to 46.36. Use the arrow keys to read each point.44.5045.0046.0046.5010 AM12 PM2 PM4 PM
Expense ratio
0.96%
Fund size
$139M
1Y total return
+41.1%
Yield · Last 12 months
6.27%
Holdings
11
Avg volume · 30D
1.51M sh
52W range
low $26.20high $48.94
Launched

The ETF.net AAPU Grade

Based on 5 of 6 pillars

B

Score 68 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
8 of 380
Six-pillar profile for AAPU. Scores out of 100: Cost 56, Risk 80, Mission 90, Tradability 76, Holdings not scored, Durability 85. Strongest: Mission (90). Weakest: Cost (56). Based on 5 of 6 pillars.

Score 68 of 100 falls in the B 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.
    B56 out of 100
    Rank 165 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A90 out of 100
    Rank 77 of 150

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A80 out of 100
    Rank 39 of 368

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A76 out of 100
    Rank 54 of 380

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A85 out of 100
    Rank 7 of 380

Our read on AAPU

ETF.net Research

In short

BTwo-times daily Apple, in a ticker. AAPU aims for 200% of AAPL's daily move without a margin account or an options screen, and it has been doing the job since 2022 at a fee below its leveraged single-stock peers' typical rate.

Stated mandate

The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of Apple Inc.'s common shares.

Why people hold it

  • Simple mechanism: the fund seeks 200% of Apple's daily share performance before fees, so one trade replaces a margined AAPL position or a call spread.direxion.com
  • At 0.96% a year it undercuts the typical fee in its leveraged single-stock cohort, and comes in cheaper than AAPX, the other fund built on the same Apple exposure (1.05%).
  • One of the more actively traded names in a category full of thin tickers, which matters when you are trading a daily-reset product rather than holding it.
  • Tracks its 2x daily target closely and ranks in the top tier of its 200-plus fund peer group on implementation quality.

Worth knowing

  • The 2x target resets every day. Hold longer than a day and compounding takes over, so results over a week or a year can look very different from twice Apple's move over that stretch.
  • One company, doubled. There is no diversification here: an iPhone cycle, a court ruling, or a single earnings night drives the whole position.
  • Leverage costs money. The financing built into the exposure plus a 0.96% fee is a headwind the underlying stock does not carry.

AAPU Performance

Launched Aug 9, 2022

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.
AAPU$14,107
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. AAPU $14,107. SPY $11,199. Use the arrow keys to read each point.$7,500$10,000$12,500Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for AAPU. Periods over one year show the average yearly return.
PeriodAAPU
Year to date+41.9%
1 month+6.0%
3 months+20.6%
1 year+41.1%
3 yearsper year+37.2%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for AAPU
YearReturn barAAPU
2026 YTD+41.9%
2025−3.0%
2024+58.2%
2023+68.7%
2022−32.8%

Since listing, Aug 9, 2022

AAPU in the news

AAPU Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
6.27%Last 12 months
Payout per share
$2.94Last 12 months
Last payment
$0.19 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2022–2026

One bar per payment. 19 payments from 2022 to 2026 YTD. Sep 20, 2022 $0.01; Dec 20, 2022 $0.12; Mar 21, 2023 $0.08; Jun 21, 2023 $0.14; Sep 19, 2023 $0.15; Dec 21, 2023 $0.27; Mar 19, 2024 $0.08; Jun 25, 2024 $0.20; Sep 24, 2024 $0.28; Dec 12, 2024 $4.63; Dec 23, 2024 $0.30; Mar 25, 2025 $0.24; Jun 24, 2025 $0.08; Sep 23, 2025 $0.22; Dec 10, 2025 $2.17; Dec 23, 2025 $0.19; Mar 24, 2026 $0.17; Jun 23, 2026 $0.22; Sep 22, 2026 $0.19. Use the arrow keys to read each point.20222023202420252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 29, 2026$0.19
Jun 23, 2026Jun 30, 2026$0.22
Mar 24, 2026Mar 31, 2026$0.17
Dec 23, 2025Dec 31, 2025$0.19
Dec 10, 2025Dec 17, 2025$2.17
Sep 23, 2025Sep 30, 2025$0.22
Jun 24, 2025Jul 1, 2025$0.08
Mar 25, 2025Apr 1, 2025$0.24
Dec 23, 2024Dec 31, 2024$0.30
Dec 12, 2024Dec 19, 2024$4.63
Sep 24, 2024Oct 1, 2024$0.28
Jun 25, 2024Jul 2, 2024$0.20

See all 19 payments⁠

$10,000 in AAPU 3 years ago paid $3,776 in dividends.⁠

AAPU Risk

Risk pillarA80 out of 100Rank 39 of 368 in Single-Stock Long Leveraged

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.

How much the fund’s monthly returns vary, scaled to a year.
41.9%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.85
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−58.6%
50 months · trough Apr 2025
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.

How strongly the fund’s returns move with its asset-class index.
1.81
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

AAPU Cost

Compare AAPU and GOGL

Overpaying vs GOGL, tied cheapest in Single-Stock Long Leveraged

$13,879

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • AAPU 0.96%

    $18,034

  • GOGL 0.20% Tied cheapest

    $4,155

$10,000
30 years

Cost over time

  • AAPU 0.96%
  • GOGL 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530AAPU $18,034GOGL $4,155

Year by year

YearAAPUGOGLOverpaying
10$1,695$365$1,330
20$6,383$1,421$4,962
30$18,034$4,155$13,879

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