AAPD vs BRKD
Direxion Daily AAPL Bear 1X ETF vs Direxion Daily BRKB Bear 1X ETF
Which is better, AAPD or BRKD?
BRKD has been ahead.
BRKD led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AAPD | BRKD |
|---|---|---|
| Expense Ratio | 1.00%Tie | 1.00%Tie |
| AUM | $16M | $1M |
| Dividend Yield | 4.37% | 2.82% |
| Holdings | 9 | 7 |
| Volatility (annualized) | 19.1% | 16.8%Best |
| Max Drawdown | -41.2% | -17.9%Best |
| $10,000 over 1.3 years | $9,129 | $10,083Best |
| Fund Family | Direxion Shares ETF Trust | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Trading-Inverse Equity | Trading-Inverse Equity |
| Inception | Aug 9, 2022 | Dec 11, 2024 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 187 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. AAPD has data through Oct 14, 2026 and BRKD through Apr 10, 2026.
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Dec 11, 2024 to Apr 10, 2026 (1.3 years).
Risk: Volatility and Drawdowns
AAPD has been the more volatile fund, with annualized monthly volatility of 19.1% compared with 16.8% for BRKD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -41.2% for AAPD and -17.9% for BRKD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.26. They move largely independently of each other.
Fees and Cost Over Time
AAPD charges 1.00% per year while BRKD charges 1.00%. On a $10,000 position that is $100 vs $100 annually. On income, AAPD currently yields 4.37% against 2.82% for BRKD.
Holdings Overlap
We hold position weights for 3 holdings in AAPD and 3 in BRKD, totalling 83.4% and 99.9% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 2 positions appear in both.
The two holdings books were reported 248 days apart, AAPD as of Oct 5, 2026 and BRKD as of Jan 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
2 positions in common, counted across the 3 positions we hold weights for in AAPD and 3 in BRKD, against full books of 9 and 7.
You are not choosing between two funds in isolation.
Whichever of AAPD and BRKD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AAPD or BRKD?
AAPD has an expense ratio of 1.00% while BRKD charges 1.00%. At the precision these are quoted to, they cost the same.
Which is riskier, AAPD or BRKD?
AAPD has been the more volatile fund at 19.1% annualized versus 16.8% for BRKD. Worst drawdown: AAPD -41.2% vs BRKD -17.9%.
Should I hold both AAPD and BRKD?
AAPD and BRKD have a monthly-return correlation of 0.26, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, AAPD or BRKD?
AAPD yields 4.37% while BRKD yields 2.82%, so AAPD currently pays the higher dividend yield.
Is BRKD better than AAPD?
BRKD led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.