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AAPD vs METD

Direxion Daily AAPL Bear 1X ETF

AAPDANasdaq

Direxion Daily META Bear 1X ETF

METDANasdaq

Overlap

Expense ratio

AAPD −0.06pt a year

AAPD0.96%METD1.02%

Avg volume · 30D

AAPD 11.6×the volume

AAPD8.8MMETD761K

AAPD vs METD Performance

Oct 31, 2025 – Oct 30, 2026

−21.5%AAPD−5.3%METD

Oct 31, 2025 to Oct 30, 2026. AAPD −21.5%. METD −5.3%. Use the arrow keys to read each point.−10%0%10%20%Oct 2025Apr 2026Oct 2026
Expense ratio
AAPD 0.96%, better
METD 1.02%
Fund size
AAPD $24M
METD $9M
1Y total return
AAPD −21.5%
METD −5.3%, better
Yield (12M)
AAPD 4.51%, better
METD 2.40%
Holdings
AAPD 4
METD 4
Avg volume (30D)
AAPD 8.8M sh, better
METD 761K sh
NAV per share
AAPD $9.86
METD $14.79
52W range

ETF.net Grade

AAPD: Cost 97, Risk 75, Mission 85, Tradability 80, Holdings not scored, Durability 75. METD: Cost 78, Risk 73, Mission 83, Tradability 41, Holdings not scored, Durability 62.
Pillar letters and Scores for AAPD, METD, with each pillar’s weight
PillarAAPDMETD
Cost30% weightA97HigherA78
Mission25% weightA85HigherA83
Risk15% weightA75HigherA73
Tradability15% weightA80HigherC41
Holdings10% weightNot scoredNot scored
Durability5% weightA75HigherB62

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 METD 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 METD 13th 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 11AORCSDirexion Daily ORCL Bear 1X ETFScore 73
  4. Rank 13AMETDDirexion Daily META Bear 1X ETFScore 71
  5. Rank 14ANVDGraniteShares 2x Short NVDA Daily ETFScore 70

Our read on each fund

ETF.net Research

AAPDADirexion Daily AAPL Bear 1X ETF

METDADirexion Daily META Bear 1X 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.

METD A one-for-one short on Meta, wrapped in an ETF. METD targets 100% of the inverse of Meta's daily move: no leverage multiplier, no margin account, and exposure that resets every day.

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.

METD The fund seeks daily investment results equal to 100% of the inverse performance of Meta Platforms, Inc. common shares, before fees and expenses.

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.
  • METD Bearish on Meta without the multiplier. The fund targets 100% of the inverse of Meta's daily move, bought and sold like any share, with no margin account or stock borrow to arrange.direxion.com
  • Fee is 1.02% net of a waiver through September 1, 2027 (1.19% gross), below the category median and a hair under sibling AVS at 1.03% net, also waived to that same date.
  • One of the stronger implementations in a crowded field of bearish single-stock funds, and it has stayed close to its stated daily target.

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.
  • METD Daily reset. Hold past a day and Meta's path matters as much as its direction: choppy stretches can grind value down even when the stock ends lower.direxion.com
  • A small fund by assets. It trades actively for its size, but spreads can matter more than the headline fee on bigger orders.
  • One company carries the whole thing. An earnings night or a single Meta headline moves this fund in full, and it pays out quarterly rather than monthly.

Full AAPD profile⁠

Full METD profile⁠

AAPD vs METD 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 METD Cost

Overpaying METD vs AAPD

$978

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

  • AAPD 0.96%

    $18,034

  • METD 1.02%

    $19,012

$10,000
30 years

Cost over time

  • AAPD 0.96%
  • METD 1.02%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530METD $19,012AAPD $18,034

Year by year

YearAAPDMETDOverpaying
10$1,695$1,797$102
20$6,383$6,746$363
30$18,034$19,012$978

Expense ratio

  • 0.96%AAPD, cheaper
  • 1.02%METD
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

AAPD 3rd cheapest of 43 funds

METD 12th cheapest of 43 funds

AAPD vs METD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
AAPD 4.51%, better
METD 2.40%
Payout (12M)
AAPD $0.45
METD $0.36
Last payment
AAPD $0.18
METD $0.06
Ex-dividend
AAPD Sep 22, 2026
METD Sep 22, 2026
Paid on
AAPD Sep 29, 2026
METD Sep 29, 2026
Frequency
AAPD Quarterly
METD Quarterly

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
METDQuarterly · 10 paymentsAll METD payments⁠
One bar per payment. 10 payments from 2022 to 2026 YTD. Jun 25, 2024 $0.05; Sep 24, 2024 $0.18; Dec 23, 2024 $0.22; Mar 25, 2025 $0.17; Jun 24, 2025 $0.10; Sep 23, 2025 $0.13; Dec 23, 2025 $0.13; Mar 24, 2026 $0.07; Jun 23, 2026 $0.10; Sep 22, 2026 $0.06. Use the arrow keys to read each point.$0$0.2520232026YTD

AAPD vs METD 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%METD 34.3%since Jul 2024
Return per unit of riskSharpe ratio, 3 years
AAPD −1.32METD −0.43since Jul 2024
Worst fallMax drawdown, 5 years
AAPD −63.9%since Aug 2022METD −50.6%since Jun 2024
Market sensitivityBeta, 5 years
AAPD −0.84METD −1.52

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