AAPDDirexion Daily AAPL Bear 1X Shares
Seeks daily investment results that correspond to -100% of the daily performance of AAPL.
By Direxion Funds · Launched 2022
0.96%
#4,996 of 5,861 · expensive
$14M
#4,702 of 5,861 · small
-32.9%
3 years
#2,677 of 5,861 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
EquityStrategy
Inverse
What it actually holds
By weightConcentration
single-stock bet — holdings shown are derivatives collateral, not diversification
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Listing
- Exchange
- NASDAQ Global Market, NASDAQ Global Select Market
Full fund details
- Objective
- Seeks daily investment results that correspond to -100% of the daily performance of AAPL.
- Strategy
- Invests at least 80% of net assets in financial instruments, including swaps and options, to provide daily inverse exposure to AAPL. Concentrated in the information technology sector, the Fund rebalances daily to maintain -100% exposure to AAPL's performance.
- Inception date
- August 8, 2022
- Fund family
- Direxion Funds
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
You can be right and still lose
This fund returns the opposite of its benchmark's daily move, then resets. Hold it longer and the daily compounding takes over: the market can move your way over a week and you still finish down. It works as a one-day hedge and nothing beyond that.
A fund-sized fee to own one company
This wraps a single stock, usually with an options overlay on top. You pay 0.50% to 1.00% a year for exposure you could hold directly, and any income comes from selling off your own upside. Owning the share itself costs less and keeps that upside intact.
Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009) · Israelov & Nielsen, 'Covered Calls Uncovered' (Financial Analysts Journal 2015)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-08-04