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AAPD vs SKHZ

Direxion Daily AAPL Bear 1X ETF

AAPDANasdaq

Leverage Shares 1X Short SK Hynix Daily ETF

SKHZACboe

Overlap

Expense ratio

SKHZ −0.21pt a year

AAPD0.96%SKHZ0.75%

Avg volume · 30D

AAPD 4.6×the volume

AAPD8.8MSKHZ1.9M

AAPD vs SKHZ Performance

Jul 31, 2026 – Oct 30, 2026

−9.9%AAPD−15.5%SKHZ

Jul 31, 2026 to Oct 30, 2026. AAPD −9.9%. SKHZ −15.5%. Use the arrow keys to read each point.−30%−20%0%Jul 2026Sep 2026Oct 2026
Expense ratio
AAPD 0.96%
SKHZ 0.75%, better
Fund size
AAPD $24M
SKHZ $4M
1Y total return
AAPD −21.5%
SKHZ No data
Yield (12M)
AAPD 4.51%
SKHZ No data
Holdings
AAPD 4
SKHZ 2
Avg volume (30D)
AAPD 8.8M sh, better
SKHZ 1.9M sh
NAV per share
AAPD $9.86
SKHZ $11.21
52W range

ETF.net Grade

AAPD: Cost 97, Risk 75, Mission 85, Tradability 80, Holdings not scored, Durability 75. SKHZ: Cost 100, Risk 75, Mission not scored, Tradability 71, Holdings not scored, Durability 20.
Pillar letters and Scores for AAPD, SKHZ, with each pillar’s weight
PillarAAPDSKHZ
Cost30% weightA97A100Higher
Mission25% weightA85Not scored
Risk15% weightA75A75
Tradability15% weightA80HigherA71
Holdings10% weightNot scoredNot scored
Durability5% weightA75HigherF20

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 SKHZ 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 SKHZ 3rd 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 3ASKHZLeverage Shares 1X Short SK Hynix Daily ETFScore 81
  4. Rank 3ATSLSDirexion Daily TSLA Bear 1X ETFScore 81

Our read on each fund

ETF.net Research

AAPDADirexion Daily AAPL Bear 1X ETF

SKHZALeverage Shares 1X 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.

SKHZ 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.

SKHZ 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.

SKHZ 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.

SKHZ No data

Full AAPD profile⁠

Full SKHZ profile⁠

AAPD vs SKHZ 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 SKHZ Cost

Overpaying AAPD vs SKHZ

$3,552

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

  • AAPD 0.96%

    $18,034

  • SKHZ 0.75%

    $14,482

$10,000
30 years

Cost over time

  • AAPD 0.96%
  • SKHZ 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530AAPD $18,034SKHZ $14,482

Year by year

YearAAPDSKHZOverpaying
10$1,695$1,336$359
20$6,383$5,078$1,305
30$18,034$14,482$3,552

Expense ratio

  • 0.96%AAPD
  • 0.75%SKHZ, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

SKHZ cheapest of 43 funds

AAPD 3rd cheapest of 43 funds

AAPD vs SKHZ Dividends

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

No distribution history available.

AAPD vs SKHZ 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%SKHZ No data
Return per unit of riskSharpe ratio, 3 years
AAPD −1.32SKHZ No data
Worst fallMax drawdown, 5 years
AAPD −63.9%since Aug 2022SKHZ No data
Market sensitivityBeta, 5 years
AAPD −0.84SKHZ 0.00

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