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AAPD vs SKDD

Direxion Daily AAPL Bear 1X ETF

AAPDANasdaq

GraniteShares 2x Short SK Hynix Daily ETF

SKDDDNasdaq

Overlap

Expense ratio

AAPD −1.24pt a year

AAPD0.96%SKDD2.20%

Avg volume · 30D

AAPD 1.2×the volume

AAPD9.21MSKDD7.45M

AAPD vs SKDD Performance

Aug 7, 2026 – Nov 9, 2026

−10.3%AAPD−33.1%SKDD

Aug 7, 2026 to Nov 9, 2026. AAPD −10.3%. SKDD −33.1%. Use the arrow keys to read each point.−60%−50%−20%0%Aug 2026Sep 2026Nov 2026
Expense ratio
AAPD 0.96%, better
SKDD 2.20%
Fund size
AAPD $46M
SKDD $4M
1Y total return
AAPD −23.7%
SKDD No data
Yield (12M)
AAPD 4.60%
SKDD No data
Holdings
AAPD 4
SKDD 1
Avg volume (30D)
AAPD 9.21M sh, better
SKDD 7.45M sh
NAV per share
AAPD $10.02
SKDD $11.63
52W range

ETF.net Grade

AAPD: Cost 97, Risk 72, Mission 85, Tradability 73, Holdings not scored, Durability 81. SKDD: Cost 2, Risk 54, Mission not scored, Tradability 83, Holdings not scored, Durability 41.
Pillar letters and Scores for AAPD, SKDD, with each pillar’s weight
PillarAAPDSKDD
Cost30% weightA97HigherF2
Mission25% weightA85Not scored
Risk15% weightA72HigherC54
Tradability15% weightA73A83Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA81HigherC41

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 SKDD 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 SKDD 38th of 43 funds in the Single-Stock Inverse Category.

  1. Rank 1AAAPDDirexion Daily AAPL Bear 1X ETFScore 84
  2. Rank 2ATSDDGraniteShares 2x Short TSLA Daily ETFScore 83
  3. Rank 38DNBIZTradr 2X Short NBIS Daily ETFScore 35
  4. Rank 38DSKDDGraniteShares 2x Short SK Hynix Daily ETFScore 35
  5. Rank 41DRAMZT-Rex 2X Inverse DRAM Daily Target ETFScore 34

Our read on each fund

ETF.net Research

AAPDADirexion Daily AAPL Bear 1X ETF

SKDDDGraniteShares 2x Short SK Hynix 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.

SKDD No data

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.

SKDD No data

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.

SKDD No data

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.

SKDD No data

Full AAPD profile⁠

Full SKDD profile⁠

AAPD vs SKDD 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 SKDD Cost

Overpaying SKDD vs AAPD

$17,272

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

  • AAPD 0.96%

    $18,034

  • SKDD 2.20%

    $35,306

$10,000
30 years

Cost over time

  • AAPD 0.96%
  • SKDD 2.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K$40K051015202530SKDD $35,306AAPD $18,034

Year by year

YearAAPDSKDDOverpaying
10$1,695$3,690$1,995
20$6,383$13,157$6,774
30$18,034$35,306$17,272

Expense ratio

  • 0.96%AAPD, cheaper
  • 2.20%SKDD
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

AAPD 3rd cheapest of 43 funds

SKDD 42nd cheapest of 43 funds

AAPD vs SKDD Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
AAPD 4.60%
SKDD No data
Payout (12M)
AAPD $0.45
SKDD None
Last payment
AAPD $0.18
SKDD No data
Ex-dividend
AAPD Sep 22, 2026
SKDD No data
Paid on
AAPD Sep 29, 2026
SKDD No data
Frequency
AAPD Quarterly
SKDD 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
SKDDAll SKDD payments⁠

No distribution history available.

AAPD vs SKDD 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%SKDD No data
Return per unit of riskSharpe ratio, 3 years
AAPD −1.32SKDD No data
Worst fallMax drawdown, 5 years
AAPD −64.2%since Aug 2022SKDD No data
Market sensitivityBeta, 5 years
AAPD −0.84SKDD −3.50

AAPD and SKDD in the news

All news⁠

Popular comparisons

  • AAPDAvsTSDDA

    Direxion Daily AAPL Bear 1X ETF · GraniteShares 2x Short TSLA Daily ETF

    Expense ratio
    0.96% · 0.98%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SKDDDvsTSDDA

    GraniteShares 2x Short SK Hynix Daily ETF · GraniteShares 2x Short TSLA Daily ETF

    Expense ratio
    2.20% · 0.98%
    Category
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  • AAPDAvsTSLSA

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    Expense ratio
    0.96% · 0.95%
    Category
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  • SKDDDvsTSLSA

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    Expense ratio
    2.20% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • AAPDAvsAMZDA

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    Expense ratio
    0.96% · 1.02%
    Category
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  • SKDDDvsAMZDA

    GraniteShares 2x Short SK Hynix Daily ETF · Direxion Daily AMZN Bear 1X ETF

    Expense ratio
    2.20% · 1.02%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.