- CUSIP
- 46092D103
- Issuer
- Tradr
- Inception Date
- Apr 24, 2025
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $59M
Highlights
- Avg. Volume (1M)
- 327K
- Avg. Volume Value (1M)
- $9.43M
Share Price Chart
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Performance
APPX Performance Chart
Tradr 2X Long APP Daily ETF (APPX) is down 78.8% since the beginning of the year. APPX is currently trading at $23 per share.
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Returns By Period
Tradr 2X Long APP Daily ETF (APPX) has returned -78.81% so far this year and -45.01% over the past 12 months.
Tradr 2X Long APP Daily ETF
- 1D
- -3.99%
- 1M
- -45.86%
- 6M
- -53.32%
- YTD
- -78.81%
- 1Y
- -45.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -4.53%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
APPX Monthly Returns History
Based on dividend-adjusted daily data since Apr 25, 2025, APPX's average daily return is +0.39%, while the average monthly return is +10.10%. At this rate, an investment would double in approximately 0.6 years.
Historically, 44% of months were positive and 56% were negative. The best month was Sep 2025 with a return of +118.0%, while the worst month was Jan 2026 at -54.6%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 3 months.
On a daily basis, APPX closed higher 52% of trading days. The best single day was Feb 9, 2026 with a return of +26.6%, while the worst single day was Feb 12, 2026 at -39.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -54.60% | -28.65% | -20.38% | 20.64% | 80.02% | -32.12% | -44.25% | -78.81% | |||||
| 2025 | -2.29% | 101.23% | -23.63% | 22.03% | 43.26% | 117.98% | -25.70% | -15.04% | 23.17% | 344.96% |
Benchmark Metrics
Tradr 2X Long APP Daily ETF has an annualized alpha of -15.36%, beta of 4.49, and R2 of 0.16 versus S&P 500 Index. Calculated based on daily prices since April 25, 2025.
- This ETF participated in 592.93% of S&P 500 Index downside but only 574.28% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.16 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -15.36%
- Beta
- 4.49
- R²
- 0.16
- Upside Capture
- 574.28%
- Downside Capture
- 592.93%
Expense Ratio
APPX has a high expense ratio of 1.30%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
APPX ranks 10 for risk / return — above 10% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Tradr 2X Long APP Daily ETF (APPX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| APPX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.25 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 2.00 | -2.58 |
| Martin ratioReturn relative to average drawdown | -0.87 | 8.49 | -9.36 |
Dividends
Dividend History
Tradr 2X Long APP Daily ETF provided a 44.27% dividend yield over the last twelve months, with an annual payout of $9.97 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $9.97 | $9.97 |
Dividend yield | 44.27% | 9.38% |
Monthly Dividends
The table displays the monthly dividend distributions for Tradr 2X Long APP Daily ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $9.97 | $9.97 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Tradr 2X Long APP Daily ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Tradr 2X Long APP Daily ETF was 83.74%, occurring on Jul 24, 2026. The portfolio has not yet recovered.
The current Tradr 2X Long APP Daily ETF drawdown is 83.52%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-83.74%Jul 2026 | 9mo 26d | — | 10mo 6dOct 2025 - now | — |
-40.63%Jun 2025 | 11d | 1mo 19d | 2moJun 2025 - Aug 2025 | 2025 selloff2025 |
-22.62%Aug 2025 | 8d | 8d | 16dAug 2025 - Aug 2025 | — |
-13.20%Apr 2025 | 1d | 2d | 2dApr 2025 - May 2025 | 2025 selloff2025 |
-13.11%May 2025 | 7d | 5d | 12dMay 2025 - May 2025 | 2025 selloff2025 |
Drawdown Indicators
| APPX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.74% | -56.78% | -26.96% |
Max Drawdown (1Y)Largest decline over 1 year | -83.74% | -9.10% | -74.64% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -83.52% | -1.58% | -81.94% |
Average DrawdownAverage peak-to-trough decline | -41.83% | -10.70% | -31.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 55.86% | 2.14% | +53.72% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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