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AAPD vs SNDQ

Direxion Daily AAPL Bear 1X ETF

AAPDANasdaq

Tradr 2X Short SNDK Daily ETF

SNDQCCboe

Overlap

Expense ratio

AAPD −0.53pt a year

AAPD0.96%SNDQ1.49%

Avg volume · 30D

SNDQ 2.7×the volume

AAPD8.8MSNDQ23.8M

AAPD vs SNDQ Performance

Jul 31, 2026 – Nov 2, 2026

−8.4%AAPD−26.9%SNDQ

Jul 31, 2026 to Nov 2, 2026. AAPD −8.4%. SNDQ −26.9%. Use the arrow keys to read each point.−60%−40%0%Jul 2026Sep 2026Nov 2026
Expense ratio
AAPD 0.96%, better
SNDQ 1.49%
Fund size
AAPD $35M
SNDQ $112M
1Y total return
AAPD −20.1%
SNDQ No data
Yield (12M)
AAPD 4.43%
SNDQ No data
Holdings
AAPD 5
SNDQ 2
Avg volume (30D)
AAPD 8.8M sh
SNDQ 23.8M sh, better
NAV per share
AAPD $9.98
SNDQ $23.55
52W range

ETF.net Grade

AAPD: Cost 97, Risk 75, Mission 85, Tradability 79, Holdings not scored, Durability 79. SNDQ: Cost 25, Risk 17, Mission not scored, Tradability 95, Holdings not scored, Durability 53.
Pillar letters and Scores for AAPD, SNDQ, with each pillar’s weight
PillarAAPDSNDQ
Cost30% weightA97HigherD25
Mission25% weightA85Not scored
Risk15% weightA75HigherF17
Tradability15% weightA79A95Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA79HigherC53

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 SNDQ 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 SNDQ 25th 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 25CIONZDefiance Daily Target 2x Short IONQ ETFScore 41
  4. Rank 25CSNDQTradr 2X Short SNDK Daily ETFScore 41
  5. Rank 27CAPLZTradr 2X Short APLD Daily ETFScore 40

Our read on each fund

ETF.net Research

AAPDADirexion Daily AAPL Bear 1X ETF

SNDQCTradr 2X Short SNDK 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.

SNDQ 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.

SNDQ 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.

SNDQ 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.

SNDQ No data

Full AAPD profile⁠

Full SNDQ profile⁠

AAPD vs SNDQ 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 SNDQ Cost

Overpaying SNDQ vs AAPD

$8,107

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

  • AAPD 0.96%

    $18,034

  • SNDQ 1.49%

    $26,141

$10,000
30 years

Cost over time

  • AAPD 0.96%
  • SNDQ 1.49%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530SNDQ $26,141AAPD $18,034

Year by year

YearAAPDSNDQOverpaying
10$1,695$2,574$879
20$6,383$9,464$3,081
30$18,034$26,141$8,107

Expense ratio

  • 0.96%AAPD, cheaper
  • 1.49%SNDQ
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

AAPD 3rd cheapest of 43 funds

SNDQ 31st cheapest of 43 funds

AAPD vs SNDQ Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
AAPD 4.43%
SNDQ No data
Payout (12M)
AAPD $0.45
SNDQ None
Last payment
AAPD $0.18
SNDQ No data
Ex-dividend
AAPD Sep 22, 2026
SNDQ No data
Paid on
AAPD Sep 29, 2026
SNDQ No data
Frequency
AAPD Quarterly
SNDQ 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
SNDQAll SNDQ payments⁠

No distribution history available.

AAPD vs SNDQ 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%SNDQ No data
Return per unit of riskSharpe ratio, 3 years
AAPD −1.32SNDQ No data
Worst fallMax drawdown, 5 years
AAPD −63.9%since Aug 2022SNDQ No data
Market sensitivityBeta, 5 years
AAPD −0.84SNDQ −9.52

Popular comparisons

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