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AAPD ETF — Direxion Daily AAPL Bear 1X Shares
Direxion Daily AAPL Bear 1X Shares (AAPD)
Updated October 16, 2026.
Verdict as of October 16, 2026
It pays quarterly and its distribution rate is 7.12%. The latest total cash payment per current share, $0.178 with an ex-date of September 22, 2026, was 125.3% higher than the previous $0.079. These payments are unclassified; this does not establish a base-dividend change.
Sources: Direxion, Section 19a-1 notices, scoring methodology.
AAPD is an ETF linked to Apple (AAPL). its distribution rate is 7.12%, its trailing-12-month yield is 4.49%, its expense ratio is 0.96%. Total return is -53.8% over the past 4.2 years, 166.1 points behind AAPL at 112.3%.
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 dividend yield and income
Price as of 2026-10-16.
The distribution rate (7.12%) uses calculation basis unavailable. Trailing-12-month yield (4.49%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.178. The ex-dividend date is 09/22/2026. The payment date is 09/29/2026.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-09-22 | $0.178 | 125.3% Unclassified cash |
| 2026-06-23 | $0.079 | -6.0% Unclassified cash |
| 2026-03-24 | $0.084 | -22.2% Unclassified cash |
| 2025-12-23 | $0.108 | -13.6% Unclassified cash |
| 2025-09-23 | $0.125 | 3.3% Unclassified cash |
| 2025-06-24 | $0.121 | 2.5% Unclassified cash |
| 2025-03-25 | $0.118 | -26.7% Unclassified cash |
| 2024-12-23 | $0.161 | 9.5% Unclassified cash |
| 2024-09-24 | $0.147 | -30.7% Unclassified cash |
| 2024-06-25 | $0.212 | 20.5% Unclassified cash |
| 2024-03-19 | $0.176 | -33.3% Unclassified cash |
| 2023-12-21 | $0.264 | 36.8% Unclassified cash |
| 2023-09-19 | $0.193 | -20.6% Unclassified cash |
| 2023-06-21 | $0.243 | 32.8% Unclassified cash |
| 2023-03-21 | $0.183 | N/A |
| 2022-12-20 | $0.127 | N/A |
| 2022-12-08 | $0.006 | -76.9% Unclassified cash |
| 2022-09-20 | $0.026 | — |
| 2022 total (partial launch year) | $0.159 | — |
| 2023 total | $0.883 | — |
| 2024 total | $0.696 | -21.2% |
| 2025 total | $0.472 | -32.2% |
| 2026 YTD total | $0.341 | -6.3% vs prior-year YTD |
AAPD dividend growth
Trailing-12-month distributions versus the preceding 12 months changed -14.5%. The 1Y row below uses this same adjacent TTM cash-window comparison. The deepest trailing-12-month payout decline in the past five years is -42.96%.
| Window | Change |
|---|---|
| 1Y | -14.5% |
| 3Y | -40.3% |
AAPD holdings and sector exposure
Holdings are not available for this snapshot.
Economic / reference exposure: AAPL (physical holdings below may be collateral and options, not the reference asset itself).
AAPD performance versus AAPL
Price and return data through 2026-10-16.
Total return is -53.8% over the past 4.2 years, 166.1 points behind AAPL at 112.3%. Over the past year its total return — price change plus distributions reinvested — is -28.0%. Its deepest 1-year drawdown was 28.7%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -2.8% | — |
| 3M | -3.0% | — |
| 6M | -23.8% | — |
| YTD | -21.4% | — |
| 1Y | -28.0% | — |
| 2Y CAGR | — | -19.40% |
| 3Y CAGR | — | -19.90% |
| Since inception (4.2 years) | -53.8% | -16.80% |
AAPD key facts
- Issuer
- Direxion
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 08/08/2022
- Expense ratio
- 0.96%
- Distribution rate
- 7.12%
- Distribution frequency
- Quarterly
- Trailing yield
- 4.49%
- Last close
- $10.00 (as of 2026-10-16)
- AUM
- $13,767,895
- Average volume
- 6968091.0
- Dividend
- $0.178
- Ex-dividend date
- 09/22/2026
- Payment date
- 09/29/2026
- Beta
- -0.69
How Dividend Vision calculates yield and returns
Distribution rate (7.12%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (4.49%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. 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 28.7%.
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.
More on AAPD
Frequently asked questions
Does AAPD pay monthly?
No. AAPD currently pays quarterly, not monthly.
What is AAPD linked to?
AAPD is linked to Apple (AAPL), not a broad market index.
What is AAPD's expense ratio?
AAPD's expense ratio is 0.96%.
What is AAPD's dividend yield?
AAPD's distribution rate is 7.12%, paid quarterly, with a 0.96% expense ratio — calculation basis unavailable.
How has AAPD's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed -14.5%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.
When does AAPD pay a dividend?
AAPD pays quarterly. The dividend amount is $0.178. The ex-dividend date is 09/22/2026. The payment date is 09/29/2026.
How has AAPD performed?
Total return is -53.8% over the past 4.2 years, 166.1 points behind AAPL at 112.3%. Over the past year its total return — price change plus distributions reinvested — is -28.0%. Its deepest 1-year drawdown was 28.7%.
Is AAPD a good investment?
Its distribution rate is 7.12% (calculation basis unavailable). Compare peers below rather than treating any single figure as a buy or sell.
More securities from Direxion.
Tickers
Holdings as-of date unavailable.
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