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ETFs

Direxion Shares ETF Trust Direxion Daily AAPL Bull 1.5X Shares

AAPU
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 09 2022
Expense Ratio
0.95%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$5,133,141
AUM
$41,370,064
Associated Index
None
Inverse/Leveraged
Leveraged (1.5x)
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
DREYFUS GOVT CASH MAN INS
21.40%
n/a
GOLDMAN FINL SQ TRSRY INST 506
9.82%
AAPL
Apple Inc
6.66%
n/a
DREYFUS TRSRY SECURITIES CASH MGMT
5.95%
Invest with AAPU

What is AAPU?

The Direxion Daily AAPL Bull 1.5X Shares (AAPU) seeks 150% daily leveraged investment results and thus will have an increase of volatility relative to the underlying AAPL performance itself. As a result, the fund may be riskier than alternatives that do not use leverage because the fund's objective is to magnify the daily performance of the common shares of Apple Inc. (NASDAQ: AAPL). The return for investors that invest for periods longer or shorter than a trading day should not be expected to be 150% of the performance of AAPL for the period. The return of the fund for a period longer than a trading day will be the result of each trading day's compounded return over the period, which will very likely differ from 150% of the return of AAPL for that period. Longer holding periods, higher volatility of AAPL and leverage increase the impact of compounding on an investor's returns. During periods of higher AAPL volatility, the volatility of AAPL may affect the fund's performance.

ETFs related toAAPU

ETFs correlated to AAPU include APLY, XLK, TECL

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
VGT
Vanguard Group, Inc. - Vanguard Information Technology ETF
HLAL
Listed Funds Trust - Wahed FTSE USA Shariah 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
SPYG
SPDR Series Trust - SPDR Portfolio S&P 500 Growth ETF

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.

Automated Strategies
Related toAAPU

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with AAPU using Composer

FAQ

AAPU is a US Equities ETF. The Direxion Daily AAPL Bull 1.5X Shares (AAPU) seeks 150% daily leveraged investment results and thus will have an increase of volatility relative to the underlying AAPL performance itself. As a result, the fund may be riskier than alternatives that do not use leverage because the fund's objective is to magnify the daily performance of the common shares of Apple Inc. (NASDAQ: AAPL). The return for investors that invest for periods longer or shorter than a trading day should not be expected to be 150% of the performance of AAPL for the period. The return of the fund for a period longer than a trading day will be the result of each trading day's compounded return over the period, which will very likely differ from 150% of the return of AAPL for that period. Longer holding periods, higher volatility of AAPL and leverage increase the impact of compounding on an investor's returns. During periods of higher AAPL volatility, the volatility of AAPL may affect the fund's performance.

Yes, AAPU 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, AAPU 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 AAPU is -0.0094%. This is the percent change in the value of AAPU over the most recent 1-month period. The 3-month return on AAPU is -0.0913%. This is the percent change in the value of AAPU over the most recent 3-month period.

The standard deviation of AAPU for the past year is 0.4184%. 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 AAPU include TQQQ, SSO, and TNA.

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

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

Yes, AAPU is a Leveraged (1.5x) ETF.

Yes, AAPU is a Leveraged (1.5x) leveraged ETF.

Disclaimers

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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.