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AAPD vs RGTZ

Direxion Daily AAPL Bear 1X ETF

AAPDANasdaq

Defiance Daily Target 2X Short RGTI ETF

RGTZCNasdaq

Overlap

0.0%by weight

Expense ratio

AAPD −0.87pt a year

AAPD0.96%RGTZ1.83%

Avg volume · 30D

AAPD 12.9×the volume

AAPD8.8MRGTZ680K

AAPD vs RGTZ Performance

Oct 31, 2025 – Oct 30, 2026

−21.5%AAPD−54.0%RGTZ

Oct 31, 2025 to Oct 30, 2026. AAPD −21.5%. RGTZ −54.0%. Use the arrow keys to read each point.50%100%150%200%Oct 2025Apr 2026Oct 2026
Expense ratio
AAPD 0.96%, better
RGTZ 1.83%
Fund size
AAPD $24M
RGTZ $14M
1Y total return
AAPD −21.5%, better
RGTZ −54.0%
Yield (12M)
AAPD 4.51%
RGTZ No data
Holdings
AAPD 4
RGTZ 3
Avg volume (30D)
AAPD 8.8M sh, better
RGTZ 680K sh
NAV per share
AAPD $9.86
RGTZ $25.61
52W range

ETF.net Grade

AAPD: Cost 97, Risk 75, Mission 85, Tradability 80, Holdings not scored, Durability 75. RGTZ: Cost 5, Risk 43, Mission 83, Tradability 31, Holdings not scored, Durability 53.
Pillar letters and Scores for AAPD, RGTZ, with each pillar’s weight
PillarAAPDRGTZ
Cost30% weightA97HigherF5
Mission25% weightA85HigherA83
Risk15% weightA75HigherC43
Tradability15% weightA80HigherD31
Holdings10% weightNot scoredNot scored
Durability5% weightA75HigherC53

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 RGTZ 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 RGTZ 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 28CQCMDDirexion Daily QCOM Bear 1X SharesScore 40
  4. Rank 28CRGTZDefiance Daily Target 2X Short RGTI ETFScore 40
  5. Rank 28CRKLZDefiance Daily Target 2X Short RKLB ETFScore 40

Our read on each fund

ETF.net Research

AAPDADirexion Daily AAPL Bear 1X ETF

RGTZCDefiance Daily Target 2X Short RGTI 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.

RGTZ The first ETF built to short Rigetti two-for-one. RGTZ aims for -200% of the quantum computing stock's move each trading day, with the clock reset at every close, and charges 1.83%.

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.

RGTZ The fund seeks daily inverse results of negative two times the daily percentage change in Rigetti Computing, Inc.’s share price. It is intended for short-term tactical use and does not target results beyond one trading day.

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.
  • RGTZ Aims for -200% of Rigetti's daily move, so one session's drop in the quantum name counts double, bought like any share rather than borrowing stock to short.defianceetfs.com
  • Launched in October 2025 as the first 2X short ETF on Rigetti Computing, part of Defiance's single-stock leveraged lineup.defianceetfs.com
  • One of the more actively traded funds in the single-stock bear group, which matters for a strategy measured in hours rather than quarters.
  • Has stayed close to its stated daily target, and sits in the upper half of its single-stock bear peer group on our review.

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.
  • RGTZ The daily reset is the whole story. Hold past the close and returns compound: the prospectus notes losses are possible even if Rigetti's stock falls over a longer stretch.sec.gov
  • At 1.83%, the fee sits above the single-stock bear category median, with no waiver trimming it.
  • A small fund with a short history, and its own documents describe it as a tool for investors who monitor positions frequently, not a buy-and-hold holding.sec.gov

Full AAPD profile⁠

Full RGTZ profile⁠

AAPD vs RGTZ Holdings

How AAPD and RGTZ differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of AAPD and 0.0% of RGTZ.

Level by level

  • Holdings0 in both0.0%
  • Asset classLeveraged/Inverse100%

Sector

No Sector split for AAPD and RGTZ.

Country, concentration and asset class

Country by domicile

No country split for AAPD.

Concentration

Weight in the 10 largest Holdings

  • AAPD490.0%
  • RGTZ300.4%

Securities held

  • AAPD2
  • RGTZ2

Asset class

AAPD
Leveraged/Inverse
RGTZ
Leveraged/Inverse

Holdings

  • Only in AAPD2
  • In both0
  • Only in RGTZ2

Only in AAPD

2 securities, 100% of AAPD by weight

  • Goldman Finl Sq Trsry Inst 50686.03%
  • Goldman Sachs Fin Gov 465 Institut15.66%

Only in RGTZ

2 securities, 6.4% of RGTZ by weight

  • United States Treasury Bill 11/19/20265.58%
  • First American Government Obligations Fund 12/01/20310.79%

Weight gaps

AAPD and RGTZ share no securities.

All 10 AAPD holdings⁠All 9 RGTZ 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 RGTZ Cost

Overpaying RGTZ vs AAPD

$12,720

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

  • AAPD 0.96%

    $18,034

  • RGTZ 1.83%

    $30,754

$10,000
30 years

Cost over time

  • AAPD 0.96%
  • RGTZ 1.83%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K$40K051015202530RGTZ $30,754AAPD $18,034

Year by year

YearAAPDRGTZOverpaying
10$1,695$3,117$1,422
20$6,383$11,291$4,908
30$18,034$30,754$12,720

Expense ratio

  • 0.96%AAPD, cheaper
  • 1.83%RGTZ
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

AAPD 3rd cheapest of 43 funds

RGTZ 40th cheapest of 43 funds

AAPD vs RGTZ Dividends

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

No distribution history available.

AAPD vs RGTZ 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%RGTZ 180.0%since Nov 2025
Return per unit of riskSharpe ratio, 3 years
AAPD −1.32RGTZ 0.49since Nov 2025
Worst fallMax drawdown, 5 years
AAPD −63.9%since Aug 2022RGTZ −92.9%since Oct 2025
Market sensitivityBeta, 5 years
AAPD −0.84RGTZ −7.29

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