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ETFs

GraniteShares ETF Trust GraniteShares 1.75x Long AAPL Daily ETF

AAPB
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Aug 9, 2022
Expense Ratio
1.15%
Type
US Equities
Fund Owner
GraniteShares
Volume (1m avg. daily)
$637,277
AUM
$5,227,113
Associated Index
None
Inverse/Leveraged
Leveraged (1.75x)
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

—
US Dollars
43.16%
Invest with AAPB
Trade AAPB Options

What is AAPB?

The Fund seeks daily investment results, before fees and expenses, of 1.75 times (175%) the daily percentage change of the common stock of Apple, (NASDAQ: AAPL). Apple is an American multinational company based in California that creates and markets electronic products, computers and software. The company's flagship products include the iPhone, the iPad, and the Macbook computer. Apple stores are present in 25 countries, and their website delivers to more than 39 countries.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

AAPB
Performance Measures**

for the time period Aug 9, 2022 to Dec 4, 2025

Returns

1M Trailing Return: 6.8%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 32.6%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -58.1%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 52.2%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.56

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.30

The annualized return divided by the max drawdown for the selected time period.

ETFs related toAAPB

ETFs correlated to AAPB include AAPU, APLY, XLK

AAPB
GraniteShares ETF Trust - GraniteShares 1.75x Long AAPL Daily ETF
AAPU
Direxion Shares ETF Trust - Direxion Daily AAPL Bull 1.5X Shares
APLY
Tidal Trust II - YieldMax AAPL Option Income Strategy ETF
XLK
SSgA Active Trust - Technology Select Sector SPDR ETF
TECL
Direxion Shares ETF Trust - Direxion Daily Technology Bull 3X Shares
FTEC
Fidelity Covington Trust - Fidelity MSCI Information Technology Index ETF
HLAL
Listed Funds Trust - Wahed FTSE USA Shariah ETF
VGT
Vanguard Group, Inc. - Vanguard Information Technology ETF
IVW
BlackRock Institutional Trust Company N.A. - iShares S&P 500 Growth ETF
VOOG
Vanguard Group, Inc. - Vanguard S&P 500 Growth ETF
ROM
ProShares Trust - ProShares Ultra Technology 2x Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toAAPB

v6 Symphony Sorter

Category

Rules-based rotation, Leveraged ETFs (3x), Trend + RSI, Tech/Nasdaq focus, Semiconductors, Volatility hedging (VIX), Treasuries/cash defense

OOS Cumulative Return

362.46%

Better Ballers - RSI Sort 10.1.23

Category

Tactical asset allocation, Trend-following, Mean reversion, Leveraged ETFs, Volatility hedging, Multi-asset rotation, Risk-on/risk-off, Daily rebalancing

OOS Cumulative Return

296.46%

Create your own algorithmic trading strategy with AAPB using Composer

FAQ

AAPB is a US Equities ETF. The Fund seeks daily investment results, before fees and expenses, of 1.75 times (175%) the daily percentage change of the common stock of Apple, (NASDAQ: AAPL). Apple is an American multinational company based in California that creates and markets electronic products, computers and software. The company's flagship products include the iPhone, the iPad, and the Macbook computer. Apple stores are present in 25 countries, and their website delivers to more than 39 countries.

Yes, AAPB is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, AAPB is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on AAPB is -0.0143%. This is the percent change in the value of AAPB over the most recent 1-month period. The 3-month return on AAPB is -0.1121%. This is the percent change in the value of AAPB over the most recent 3-month period.

The standard deviation of AAPB for the past year is 0.484%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to AAPB include TQQQ, SSO, and TNA.

ETFs correlated to AAPB include AAPU, APLY, and XLK.

ETFs that are inversely correlated to AAPB include AAPD, TECS, and SQQQ.

Yes, AAPB is a Leveraged (1.75x) ETF.

No, AAPB is not an inverse ETF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.