AAPE +2x Leverage Shares 2X Long AAPL Daily ETF
AAPE
ETF +2x BULL standardLeverage Shares 2X Long AAPL Daily ETF
Issuer: Leverage Shares
·
Tracks:
AAPL
Implied AUM
$162335
Last Close
$16.23
20260720
30d Avg Vol
10,715
Options
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Realized return vs theoretical +2x AAPL
Other leveraged products tracking AAPL
| Symbol | Factor | Direction | Issuer | Name | Implied AUM | 30d Vol | Options |
|---|---|---|---|---|---|---|---|
| AAPU | +2x | BULL | Direxion | Direxion Shares ETF Trust Direxion Daily AAPL Bull 2X ETF | $186.5M | 1,907,198 | |
| AAPB | +2x | BULL | GraniteShares | GraniteShares ETF Trust GraniteShares 2x Long AAPL Daily ETF | $21.0M | 64,254 | |
| AAPX | +2x | BULL | T-Rex | T-Rex 2X Long Apple Daily Target ETF | $11.9M | 43,825 |
How AAPE works
AAPE targets +2x the daily return of AAPL — not the cumulative return over multi-day windows. The fund rebalances at the close each day using swaps or futures, which is what creates the volatility drag the chart above visualizes.
Mathematical headline: drag ≈ −0.5 × N × (N−1) × σ² per period. For a +2x product on an underlying with 25% annualized vol, expected annual drag is around 6.2%. Add expense ratio and the realized number is typically worse.
- Short-term tactical: daily and intraday holds are where these products were designed to live.
- Premium selling: options on AAPE carry very rich IV — see the quote page for IV rank and straddle pricing.
- Multi-day directional: works in strong trends; gets eaten alive in chop. Use the chart above to gauge the realized vs theoretical track record.