AAPD vs FAZ
Direxion Daily AAPL Bear 1X ETF vs Direxion Daily Financial Bear 3X ETF
Which is better, AAPD or FAZ?
Each has led over a different period.
AAPD has a lower expense ratio. AAPD led over 3Y and the full window, FAZ over 1Y.
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 | FAZ |
|---|---|---|
| Expense Ratio | 1.00%Best | 1.04% |
| AUM | $16M | $93M |
| Dividend Yield | 4.37% | 2.53% |
| Holdings | 9 | 16 |
| YTD Return | -21.44% | -4.26%Best |
| 1Y Return | -27.10% | -12.47%Best |
| 3Y Return (annualized) | -19.85%Best | -41.03% |
| 5Y Return (annualized) | - | -26.95% |
| Volatility (annualized) | 22.5%Best | 49.2% |
| Max Drawdown | -63.4%Best | -88.4% |
| $10,000 over 4.2 years | $4,628Best | $1,794 |
| Fund Family | Direxion Shares ETF Trust | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Trading-Inverse Equity | Trading-Inverse Equity |
| Inception | Aug 9, 2022 | Nov 6, 2008 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.2 years row, are measured over the window both funds cover: Aug 9, 2022 to Oct 15, 2026 (4.2 years).
AAPD vs FAZ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.2 years both funds cover.
AAPD vs FAZ Performance
Direxion Daily AAPL Bear 1X ETF (AAPD) is an ETF from Direxion Shares ETF Trust and Direxion Daily Financial Bear 3X ETF (FAZ) is an ETF from Direxion Shares ETF Trust. Over the past year AAPD returned -27.10% while FAZ returned -12.47%. Year to date, AAPD is down 21.44% versus a loss of 4.26% for FAZ.
Over three years, AAPD compounded at -19.85% per year against -41.03% for FAZ. Across the full 4-year window we track, AAPD has the edge at -16.76% annualized vs -33.57%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FAZ has been the more volatile fund, with annualized monthly volatility of 49.2% compared with 22.5% for AAPD. 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 -63.4% for AAPD and -88.4% for FAZ. 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 FAZ charges 1.04%. On a $10,000 position that is $100 vs $104 annually, a gap of $4 per year that compounds over a long holding period. On income, AAPD currently yields 4.37% against 2.53% for FAZ.
Holdings Overlap
We hold position weights for 3 holdings in AAPD and 3 in FAZ, totalling 83.4% and 102.9% 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, 3 positions appear in both.
3 positions in common, counted across the 3 positions we hold weights for in AAPD and 3 in FAZ, against full books of 9 and 16.
You are not choosing between two funds in isolation.
Whichever of AAPD and FAZ 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 FAZ?
AAPD has an expense ratio of 1.00% while FAZ charges 1.04%. AAPD is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, AAPD or FAZ?
Over the past year AAPD returned -27.10% vs -12.47% for FAZ, so FAZ leads on 1-year performance. Over the longest common window we track (4 years), AAPD annualized -16.76% vs -33.57% for FAZ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AAPD or FAZ?
FAZ has been the more volatile fund at 49.2% annualized versus 22.5% for AAPD. Worst drawdown: AAPD -63.4% vs FAZ -88.4%.
Should I hold both AAPD and FAZ?
AAPD and FAZ 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 FAZ?
AAPD yields 4.37% while FAZ yields 2.53%, so AAPD currently pays the higher dividend yield.
Is FAZ better than AAPD?
AAPD has a lower expense ratio. AAPD led over 3Y and the full window, FAZ over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.