AAPD ETF — Direxion Daily AAPL Bear 1X Shares

Direxion Daily AAPL Bear 1X Shares (AAPD)

Updated October 6, 2026.

AAPD is an ETF linked to Apple (AAPL). its distribution rate is 6.93%, its trailing-12-month yield is 4.37%, its expense ratio is 0.96%. Total return is -52.5% over the past 4.2 years, 158.8 points behind AAPL at 106.3%.

At the current 6.93% distribution rate, a $10,000 investment would generate approximately $693 per year, or about $173.25 per quarter if the next payment matches the last regular one.

This ETF seeks daily inverse exposure to Apple stock, meaning it aims to move in the opposite direction of AAPL on a daily basis using financial instruments including swaps and options. The fund distributes quarterly at a current rate described as moderate, with an expense ratio of 0.96%. It appeals primarily to traders and tactical investors seeking short-term bearish positions on Apple rather than long-term income investors, and it is not suitable as a core holding due to its daily reset mechanics and compounding effects over longer periods.

AAPD performance versus AAPL

Price and return data through 2026-10-06.

Total return is -52.5% over the past 4.2 years, 158.8 points behind AAPL at 106.3%. Over the past year its total return — price change plus distributions reinvested — is -23.1%. Its deepest 1-year drawdown was 28.3%.

AAPD key facts

Issuer

Direxion

Asset type

ETF

Asset class

Equity

Inception date

08/08/2022

Expense ratio

0.96%

Distribution rate

6.93%

Distribution frequency

Quarterly

Trailing yield

4.37%

Last close

$10.28 (as of 2026-10-06)

AUM

$20,299,533

Average volume

3965709.0

Last dividend

$0.178

Last ex-dividend date

09/22/2026

Last payment date

09/29/2026

Beta

-0.8

How Dividend Vision calculates yield and returns

Distribution rate (6.93%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (4.37%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Direxion; Index: Apple (AAPL); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

AAPD risks and drawbacks

Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed AAPL over the available window. The deepest 1-year drawdown on record here is 28.3%.

Who may consider AAPD — and who may not

It is a weaker fit for investors who need monthly cash flow (AAPD pays quarterly); investors whose main goal is matching AAPL total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from Direxion.