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AAPD vs PLTZ

Direxion Daily AAPL Bear 1X ETF

AAPDANasdaq

Daily Target 2X Short PLTR ETF

PLTZBNasdaq

Overlap

Expense ratio

AAPD −0.35pt a year

AAPD0.96%PLTZ1.31%

Avg volume · 30D

AAPD 2.5×the volume

AAPD8.8MPLTZ3.5M

AAPD vs PLTZ Performance

Oct 31, 2025 – Oct 30, 2026

−21.5%AAPD−65.6%PLTZ

Oct 31, 2025 to Oct 30, 2026. AAPD −21.5%. PLTZ −65.6%. Use the arrow keys to read each point.0%50%100%Oct 2025Apr 2026Oct 2026
Expense ratio
AAPD 0.96%, better
PLTZ 1.31%
Fund size
AAPD $24M
PLTZ $31M
1Y total return
AAPD −21.5%, better
PLTZ −65.6%
Yield (12M)
AAPD 4.51%
PLTZ No data
Holdings
AAPD 4
PLTZ 3
Avg volume (30D)
AAPD 8.8M sh, better
PLTZ 3.5M sh
NAV per share
AAPD $9.86
PLTZ $7.74
52W range

ETF.net Grade

AAPD: Cost 97, Risk 75, Mission 85, Tradability 80, Holdings not scored, Durability 75. PLTZ: Cost 49, Risk 50, Mission 95, Tradability 64, Holdings not scored, Durability 65.
Pillar letters and Scores for AAPD, PLTZ, with each pillar’s weight
PillarAAPDPLTZ
Cost30% weightA97HigherC49
Mission25% weightA85A95Higher
Risk15% weightA75HigherC50
Tradability15% weightA80HigherB64
Holdings10% weightNot scoredNot scored
Durability5% weightA75HigherB65

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 PLTZ 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 PLTZ 18th 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 17BMSTZT-REX 2X Inverse MSTR Daily Target ETFScore 67
  4. Rank 18BPLTZDaily Target 2X Short PLTR ETFScore 65
  5. Rank 19BNVDQT-REX 2X Inverse NVIDIA Daily Target ETFScore 64

Our read on each fund

ETF.net Research

AAPDADirexion Daily AAPL Bear 1X ETF

PLTZBDaily Target 2X Short PLTR 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.

PLTZ Palantir's double-dose bear trade. PLTZ aims for two times the inverse of PLTR's daily move using swaps and options, with a daily reset that makes it a short-horizon tool rather than a set-and-forget short.

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.

PLTZ The Fund seeks daily investment results equal to two times the inverse of the daily percentage change in Palantir Technologies Inc. common stock, using swaps and/or listed options.

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.
  • PLTZ Twice the dose. PLTZ targets -2x Palantir's daily move, while Direxion's Palantir bear fund is built at 1x. Same thesis, double the daily sensitivity.direxion.com
  • Hits what it promises: the fund has tracked its stated -2x daily objective closely, and it stands in the upper half of the single-stock bear group overall.
  • At 1.31% with no waiver in play, the fee lands near the category median. Cheaper 1x bears exist, like SKHZ at 0.75%, but they move one-for-one, not two.
  • It is a 1940-Act fund using swaps and listed options, so the short exposure arrives as a share in a regular brokerage account, with no stock borrow to locate.defianceetfs.com

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.
  • PLTZ The -2x target resets every day. Hold longer and compounding takes over, so multi-day results can drift well away from twice the inverse of PLTR's move.defianceetfs.com
  • One stock, one direction. Everything rides on Palantir, a famously jumpy name, and the 2x multiple magnifies those swings in both directions.
  • Launched in 2025 and still a small fund, it trades actively but has a shorter track record than the 1x bear veterans it competes with.

Full AAPD profile⁠

Full PLTZ profile⁠

AAPD vs PLTZ 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 PLTZ Cost

Overpaying PLTZ vs AAPD

$5,485

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

  • AAPD 0.96%

    $18,034

  • PLTZ 1.31%

    $23,519

$10,000
30 years

Cost over time

  • AAPD 0.96%
  • PLTZ 1.31%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530PLTZ $23,519AAPD $18,034

Year by year

YearAAPDPLTZOverpaying
10$1,695$2,280$585
20$6,383$8,450$2,067
30$18,034$23,519$5,485

Expense ratio

  • 0.96%AAPD, cheaper
  • 1.31%PLTZ
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

AAPD 3rd cheapest of 43 funds

PLTZ 27th cheapest of 43 funds

AAPD vs PLTZ Dividends

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

No distribution history available.

AAPD vs PLTZ 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%PLTZ 109.7%since Jul 2025
Return per unit of riskSharpe ratio, 3 years
AAPD −1.32PLTZ −0.72since Jul 2025
Worst fallMax drawdown, 5 years
AAPD −63.9%since Aug 2022PLTZ −91.0%since Jun 2025
Market sensitivityBeta, 5 years
AAPD −0.84PLTZ −1.36

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