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AAPD vs APLZ

Direxion Daily AAPL Bear 1X ETF

AAPDANasdaq

Tradr 2X Short APLD Daily ETF

APLZCCboe

Overlap

Expense ratio

AAPD −0.53pt a year

AAPD0.96%APLZ1.49%

Avg volume · 30D

AAPD 65.7×the volume

AAPD8.8MAPLZ134K

AAPD vs APLZ Performance

Jul 31, 2026 – Oct 30, 2026

−9.9%AAPD+44.0%APLZ

Jul 31, 2026 to Oct 30, 2026. AAPD −9.9%. APLZ +44.0%. Use the arrow keys to read each point.−20%0%20%60%Jul 2026Sep 2026Oct 2026
Expense ratio
AAPD 0.96%, better
APLZ 1.49%
Fund size
AAPD $24M
APLZ $5M
1Y total return
AAPD −21.5%
APLZ No data
Yield (12M)
AAPD 4.51%
APLZ No data
Holdings
AAPD 4
APLZ 2
Avg volume (30D)
AAPD 8.8M sh, better
APLZ 134K sh
NAV per share
AAPD $9.86
APLZ $35.31
52W range

ETF.net Grade

AAPD: Cost 97, Risk 75, Mission 85, Tradability 80, Holdings not scored, Durability 75. APLZ: Cost 25, Risk 40, Mission 97, Tradability 38, Holdings not scored, Durability 32.
Pillar letters and Scores for AAPD, APLZ, with each pillar’s weight
PillarAAPDAPLZ
Cost30% weightA97HigherD25
Mission25% weightA85A97Higher
Risk15% weightA75HigherC40
Tradability15% weightA80HigherD38
Holdings10% weightNot scoredNot scored
Durability5% weightA75HigherD32

Rank among Single-Stock Inverse funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. AAPD and APLZ are both graded against the same 43 Single-Stock Inverse funds, so their Grades compare head to head.

Single-Stock Inverse⁠

Category · 43 funds
See all 43 ›

AAPD ranks 1st and APLZ 28th of 43 funds in the Single-Stock Inverse Category.

  1. Rank 1AAAPDDirexion Daily AAPL Bear 1X ETFScore 86
  2. Rank 2ATSDDGraniteShares 2x Short TSLA Daily ETFScore 84
  3. Rank 26CSNDQTradr 2X Short SNDK Daily ETFScore 41
  4. Rank 28CAPLZTradr 2X Short APLD Daily ETFScore 40
  5. Rank 28CCSCSDirexion Daily CSCO Bear 1X ETFScore 40

Our read on each fund

ETF.net Research

AAPDADirexion Daily AAPL Bear 1X ETF

APLZCTradr 2X Short APLD Daily ETF

In short

AAPD The 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.

APLZ A one-day trade in a fund wrapper: APLZ aims to deliver two times the inverse of Applied Digital's daily move, so bears can lean against the AI data-center story without a margin account or a stock loan.

Stated mandate

AAPD 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.

APLZ The fund seeks daily results equal to two times the inverse performance of Applied Digital Corporation common shares, before fees and expenses. It is designed for a one-trading-day objective rather than a longer holding period.

Why people hold it

  • AAPD 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.
  • APLZ Pure single-name tool. Instead of a sector basket, it targets one stock, Applied Digital (APLD), at twice the inverse of its daily move.tradretfs.com
  • Short exposure in an ordinary brokerage account: no margin agreement, no locating shares to borrow, no open-ended short losses beyond what you put in.tradretfs.com
  • Tight to its mandate. Day to day, the fund has hewed closely to its stated two-times-inverse objective, one of the stronger tracking records among inverse single-stock funds.

Worth knowing

  • AAPD 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.
  • APLZ The math resets every day. Hold longer than a session and compounding takes over, so results over a week or a month can drift well away from minus two times the move.
  • At 1.49% a year, it sits above the typical inverse single-stock fund; peers like TSLS and AAPD run cheaper, though they target different stocks at 1x.
  • Young and small: launched in 2026 with a modest asset base, so it has a short track record and thinner trading than the established names in the category.

Full AAPD profile⁠

Full APLZ profile⁠

AAPD vs APLZ Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AAPD vs APLZ Cost

Overpaying APLZ vs AAPD

$8,107

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

  • AAPD 0.96%

    $18,034

  • APLZ 1.49%

    $26,141

$10,000
30 years

Cost over time

  • AAPD 0.96%
  • APLZ 1.49%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530APLZ $26,141AAPD $18,034

Year by year

YearAAPDAPLZOverpaying
10$1,695$2,574$879
20$6,383$9,464$3,081
30$18,034$26,141$8,107

Expense ratio

  • 0.96%AAPD, cheaper
  • 1.49%APLZ
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

AAPD 3rd cheapest of 43 funds

APLZ 31st cheapest of 43 funds

AAPD vs APLZ Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
AAPD 4.51%
APLZ No data
Payout (12M)
AAPD $0.45
APLZ None
Last payment
AAPD $0.18
APLZ No data
Ex-dividend
AAPD Sep 22, 2026
APLZ No data
Paid on
AAPD Sep 29, 2026
APLZ No data
Frequency
AAPD Quarterly
APLZ No data

Distribution history

Per share, 2022 to 2026, same scale for both

AAPDQuarterly · 18 paymentsAll AAPD payments⁠
One bar per payment. 18 payments from 2022 to 2026 YTD. Sep 20, 2022 $0.03; Dec 8, 2022 $0.0061; Dec 20, 2022 $0.13; Mar 21, 2023 $0.18; Jun 21, 2023 $0.24; Sep 19, 2023 $0.19; Dec 21, 2023 $0.26; Mar 19, 2024 $0.18; Jun 25, 2024 $0.21; Sep 24, 2024 $0.15; Dec 23, 2024 $0.16; Mar 25, 2025 $0.12; Jun 24, 2025 $0.12; Sep 23, 2025 $0.12; Dec 23, 2025 $0.11; Mar 24, 2026 $0.08; Jun 23, 2026 $0.08; Sep 22, 2026 $0.18. Use the arrow keys to read each point.$0$0.2520232026YTD
APLZAll APLZ payments⁠

No distribution history available.

AAPD vs APLZ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AAPD 19.8%APLZ No data
Return per unit of riskSharpe ratio, 3 years
AAPD −1.32APLZ No data
Worst fallMax drawdown, 5 years
AAPD −63.9%since Aug 2022APLZ No data
Market sensitivityBeta, 5 years
AAPD −0.84APLZ −5.76

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