Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
Direxion Daily AAPL Bull 2X Shares
BThis 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.
$46.24+0.07 (+0.15%)
- 0.96%
- $160M
- +67.4%
- 6.36%
- 1.7M sh
- $45.03
- low $26.20high $48.89
The ETF.net AAPU Grade
B
Score 68 out of 100
- 10 of 380
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.B57 out of 100Rank 165 of 380Mission
Whether the fund did what it promised, tested against its stated mandate.A92 out of 100Rank 69 of 148Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A76 out of 100Rank 49 of 363Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A78 out of 100Rank 50 of 380Holdings
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.A85 out of 100Rank 7 of 380
Our read on AAPU
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.
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 Holdings
- Stocks
- 11
- 99%
- Aapl Swap Asset Leg (Aaplgsl)
Sectors
- Technology100.0%
Geography
- United States100.00%
AAPU 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.
AAPU$16,735
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 | AAPU |
|---|---|
| Year to date | +39.7% |
| 1 month | +4.3% |
| 3 months | +12.3% |
| 1 year | +67.4% |
| 3 years | +32.5% |
| 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 | AAPU |
|---|---|---|
| 2026 YTD | +39.7% | |
| 2025 | −3.0% | |
| 2024 | +58.2% | |
| 2023 | +68.7% | |
| 2022 | −32.8% |
AAPU in the news
AAPU Dividends
- 6.36%
- $2.94
- $0.19 per share
- Quarterly
Distribution history
AAPU 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.
- 42.0%
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.
- 0.80
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.
- −58.6%
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.
- 1.81
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
AAPU Cost
0.96%
AAPU0.96%
- The middle half of Single-Stock Long Leveraged funds
- Median 0.98%
164 of the 333 Single-Stock Long Leveraged funds charge less.
Other funds in Single-Stock Long Leveraged
- BCRMGLeverage Shares 2x Long CRM Daily ETFExpense ratio 0.75%1 year return −32.4%
- BPANGLeverage Shares 2x Long PANW Daily ETFExpense ratio 0.75%1 year return +164.4%
- BOKTGLeverage Shares 2x Long OKTA Daily ETFExpense ratio 0.75%1 year return —
- BNETGLeverage Shares 2x Long NET Daily ETFExpense ratio 0.75%1 year return —
- BGEVGLeverage Shares 2x Long GEV Daily ETFExpense ratio 0.75%1 year return —