Daily AAPL Bull 2X ETF (AAPU) Performance
AAPU total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +44.7% since Dec 31, 2025
- 1 year
- +55.8% total return
- 3 years
- +37.3% a year
- Since first price
- +24.6% a year since 2022
AAPU trailing returns vs SPY, QQQ, AGG
| Period | AAPU total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +5.4% | +5.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +12.5% | +12.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +49.7% | +48.2% | +7.8% | +8.4% | −1.5% |
| YTD | +44.7% | +42.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +55.8% | +43.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +158.7%+37.3%/yr | +100.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionAug 9, 2022 | +152.3%+24.6%/yr | +91.5% | — | — | — |
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: AAPU vs SPY
From Aug 9, 2022: AAPU grew to $25,226, SPY to $19,539.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
AAPU returns by calendar year
2 of 3 full years positive. Best 2023 (+68.7%), worst 2025 (−2.9%). 2026 is year to date.
AAPU annual returns table
| Year | AAPU | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +44.7% | −24.7% | +12.3% | +15.1% | −1.0% |
| 2025 | −2.9% | −53.5% | +17.7% | +20.8% | +7.2% |
| 2024 | +58.4% | −25.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +68.7% | −23.2% | +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.
AAPU largest drawdowns
Now 0.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 26, 2024 | −58.6% | Apr 8, 2025 | Dec 2, 2025 | 3 months | 11 months |
| Aug 17, 2022 | −41.8% | Jan 5, 2023 | Jun 12, 2023 | 5 months | 10 months |
| Dec 2, 2025 | −28.9% | Mar 30, 2026 | May 12, 2026 | 4 months | 5 months |
| Jul 31, 2023 | −28.5% | Apr 19, 2024 | Jun 7, 2024 | 9 months | 10 months |
| Jun 2, 2026 | −24.7% | Jun 25, 2026 | Jul 15, 2026 | 23 days | 43 days |
| Jul 16, 2024 | −23.1% | 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.
AAPU risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +34.2% | +25.3% |
| Volatility (annualized) | 42.0% | 42.4% |
| Sharpe ratio | 0.80 | 0.64 |
| Sortino ratio | 1.49 | 1.09 |
| Best month | +31.0% | +31.0% |
| Worst month | −17.1% | −18.5% |
| Best 12 months | +111.8% | +111.8% |
| Worst 12 months | −27.7% | −27.7% |
| Positive months | 61% | 61% |
| Beta vs S&P 500 | 1.51 | — |
| 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.
AAPU rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 39 | −27.7% | +27.0% | +111.8% | 74% |
| 3-year (a year) | 15 | +12.7% | +26.0% | +38.2% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
AAPU performance overview
Daily AAPL Bull 2X ETF (AAPU) returned +55.8% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +24.6% a year, turning $10,000 into about $25,226. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −58.6%, from Dec 26, 2024 to Apr 8, 2025, and it took 8 months to get back to the old high. AAPU finished 2 of its 3 full calendar years with a gain; the best year was 2023 (+68.7%) and the worst 2025 (−2.9%). Volatility has been 42.4% a year.
Related: AAPU chart, AAPU dividends. See the AAPU overview for the latest quote and fund facts.
AAPU performance FAQ
What is the AAPU return over the past year?
AAPU returned +55.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 43.6%.
How much would $10,000 invested in AAPU be worth?
$10,000 invested in AAPU at its first recorded close on August 9, 2022 would be worth about $25,226 on October 23, 2026 with distributions reinvested.
What was the worst year for AAPU?
The worst calendar year was 2025, with a total return of −2.9%. The best was 2023 at +68.7%.
What is the biggest drawdown of AAPU?
The largest peak-to-trough decline was −58.6% between December 26, 2024 and April 8, 2025. It recovered to the old high on December 2, 2025, 8 months after the bottom.
How volatile is AAPU?
Over the past 3 years AAPU had an annualized volatility of 42.0% and a Sharpe ratio of 0.80 (excess return over 1–3 month T-bills per unit of risk).