GraniteShares 2x Long Tilray Daily ETF (AAPB) Performance
AAPB total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +46.6% since Dec 31, 2025
- 1 year
- +58.7% total return
- 3 years
- +36.0% a year
- Since first price
- +22.3% a year since 2022
AAPB trailing returns vs SPY, QQQ, AGG
| Period | AAPB total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +5.5% | +5.5% | −1.0% | −5.0% | +0.9% |
| 3 months | +13.2% | +13.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +50.7% | +50.7% | +7.8% | +8.4% | −1.5% |
| YTD | +46.6% | +46.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +58.7% | +52.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +151.8%+36.0%/yr | +103.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionAug 9, 2022 | +132.9%+22.3%/yr | +88.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: AAPB vs SPY
From Aug 9, 2022: AAPB grew to $23,289, SPY to $19,539.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
AAPB returns by calendar year
2 of 3 full years positive. Best 2023 (+77.2%), worst 2025 (−0.9%). 2026 is year to date.
AAPB annual returns table
| Year | AAPB | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +46.6% | −25.5% | +12.3% | +15.1% | −1.0% |
| 2025 | −0.9% | −53.0% | +17.7% | +20.8% | +7.2% |
| 2024 | +47.0% | −31.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +77.2% | −27.0% | +26.2% | +54.9% | +5.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
AAPB largest drawdowns
Now 0.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 26, 2024 | −58.1% | Apr 8, 2025 | Dec 1, 2025 | 3 months | 11 months |
| Aug 17, 2022 | −47.6% | Jan 5, 2023 | Jun 22, 2023 | 5 months | 10 months |
| Jul 31, 2023 | −35.7% | Apr 19, 2024 | Jun 12, 2024 | 9 months | 10 months |
| Dec 2, 2025 | −28.1% | Mar 30, 2026 | May 12, 2026 | 4 months | 5 months |
| Jun 2, 2026 | −25.5% | Jun 25, 2026 | Jul 15, 2026 | 23 days | 43 days |
| Jul 16, 2024 | −23.2% | Aug 6, 2024 | Dec 3, 2024 | 21 days | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
AAPB risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +33.1% | +23.3% |
| Volatility (annualized) | 42.6% | 44.8% |
| Sharpe ratio | 0.78 | 0.59 |
| Sortino ratio | 1.43 | 0.99 |
| Best month | +31.0% | +31.0% |
| Worst month | −16.9% | −21.4% |
| Best 12 months | +114.9% | +114.9% |
| Worst 12 months | −25.6% | −25.6% |
| Positive months | 61% | 61% |
| Beta vs S&P 500 | 1.54 | — |
| Correlation with S&P 500 | 0.45 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
AAPB rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 39 | −25.6% | +27.1% | +114.9% | 77% |
| 3-year (a year) | 15 | +9.4% | +24.5% | +37.2% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
AAPB performance overview
GraniteShares 2x Long Tilray Daily ETF (AAPB) returned +58.7% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +22.3% a year, turning $10,000 into about $23,289. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −58.1%, from Dec 26, 2024 to Apr 8, 2025, and it took 8 months to get back to the old high. AAPB finished 2 of its 3 full calendar years with a gain; the best year was 2023 (+77.2%) and the worst 2025 (−0.9%). Volatility has been 44.8% a year.
Related: AAPB chart, AAPB dividends. See the AAPB overview for the latest quote and fund facts.
AAPB performance FAQ
What is the AAPB return over the past year?
AAPB returned +58.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 52.1%.
How much would $10,000 invested in AAPB be worth?
$10,000 invested in AAPB at its first recorded close on August 9, 2022 would be worth about $23,289 on October 23, 2026 with distributions reinvested.
What was the worst year for AAPB?
The worst calendar year was 2025, with a total return of −0.9%. The best was 2023 at +77.2%.
What is the biggest drawdown of AAPB?
The largest peak-to-trough decline was −58.1% between December 26, 2024 and April 8, 2025. It recovered to the old high on December 1, 2025, 8 months after the bottom.
How volatile is AAPB?
Over the past 3 years AAPB had an annualized volatility of 42.6% and a Sharpe ratio of 0.78 (excess return over 1–3 month T-bills per unit of risk).