SETH vs AAPB

Comparison between ProShares Short Ether ETF (SETH, ETF) and GRANITESHARES 2X LONG AAPL DAILY ETF (AAPB, ETF).

SETH vs AAPB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SETH(ETF)	AAPB(ETF)
Net Assets	$16M	$16M
Expense Ratio	0.95%	N/A
Max Drawdown	81.90%	58.13%
Sharpe Ratio	0.45	1.74
5Y Beta	-2.10	2.28
P/E Ratio	N/A	37.38
Forward P/E	N/A	32.89
PEG Ratio	N/A	1.30
5Y EPS CAGR	N/A	12.93%
Debt to Equity	N/A	77.67%
P/S Ratio	N/A	10.11
P/B Ratio	N/A	42.87

Net Assets

SETH

$16M

Winner

AAPB

$16M

Expense Ratio

SETH

0.95%

AAPB

N/A

Max Drawdown

SETH

81.90%

Winner

AAPB

58.13%

Sharpe Ratio

SETH

0.45

Winner

AAPB

1.74

5Y Beta

Winner

SETH

-2.10

AAPB

2.28

P/E Ratio

SETH

N/A

AAPB

37.38

Forward P/E

SETH

N/A

AAPB

32.89

PEG Ratio

SETH

N/A

AAPB

1.30

5Y EPS CAGR

SETH

N/A

AAPB

12.93%

Debt to Equity

SETH

N/A

AAPB

77.67%

P/S Ratio

SETH

N/A

AAPB

10.11

P/B Ratio

SETH

N/A

AAPB

42.87

SETH vs AAPB - Historical Returns

Returns include dividend reinvestment.

Period	SETH	AAPB
1 month	+47.19%	+16.48%
3 months	+26.02%	+35.86%
6 months	+59.53%	+15.45%
1 year	+7.21%	+109.31%
Max(CAGR)	-27.32%	+18.82%

Winner

SETH

+47.19%

AAPB

+16.48%

SETH

+26.02%

Winner

AAPB

+35.86%

Winner

SETH

+59.53%

AAPB

+15.45%

SETH

+7.21%

Winner

AAPB

+109.31%

Max(CAGR)

SETH

-27.32%

Winner

AAPB

+18.82%

SETH vs AAPB - Annual Returns (2022 - 2026)

Returns include dividend reinvestment.

Year	SETH	AAPB
2026	+67.90%	+22.50%
2025	-26.97%	+4.65%
2024	-48.29%	+56.92%
2023	-22.80%	+88.68%
2022	N/A	-38.44%

SETH vs AAPB Drawdown Comparison

The maximum drawdown for SETH was -80.73%, occurring on Oct 6, 2025. This drawdown has not yet recovered.

The maximum drawdown for AAPB was -58.13%, occurring on Apr 8, 2025. Recovery took 232 trading sessions.

The current SETH drawdown is -56.25%. The current AAPB drawdown is -4.88%.

Rank	SETH	AAPB
#1	-80.73% Nov 2, 2023 - Oct 6, 2025	-58.13% Dec 26, 2024 - Dec 1, 2025
#2	N/A	-47.65% Aug 17, 2022 - Jun 22, 2023
#3	N/A	-35.74% Jul 31, 2023 - Jun 12, 2024
#4	N/A	-28.11% Dec 2, 2025 - May 12, 2026
#5	N/A	-23.18% Jul 16, 2024 - Dec 3, 2024
#6	N/A	-8.86% Jun 17, 2024 - Jul 2, 2024
#7	N/A	-5.36% Jun 30, 2023 - Jul 19, 2023
#8	N/A	-4.88% Jun 2, 2026 - Jun 5, 2026
#9	N/A	-4.60% Dec 17, 2024 - Dec 20, 2024
#10	N/A	-4.60% Jul 10, 2024 - Jul 15, 2024
#11	N/A	-4.05% May 28, 2026 - Jun 2, 2026
#12	N/A	-2.92% Jul 19, 2023 - Jul 28, 2023
#13	N/A	-1.80% Jun 22, 2023 - Jun 27, 2023
#14	N/A	-1.77% May 15, 2026 - May 20, 2026
#15	N/A	-1.59% Jun 13, 2024 - Jun 17, 2024

Correlation

Correlation between SETH and AAPB is -0.40 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.40

-101