AAOX vs. ARMG

Last updated Jun 4, 2026

AAOX (Tradr 2X Long AAOI Daily ETF) and ARMG (Leverage Shares 2X Long ARM Daily ETF) are both Leveraged Equities funds. AAOX is passively managed, while ARMG is actively managed. At a 0.19 correlation, their price movements are largely independent. AAOX charges 1.49%/yr vs 0.75%/yr for ARMG.

Performance

AAOX vs. ARMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long AAOI Daily ETF (AAOX) and Leverage Shares 2X Long ARM Daily ETF (ARMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AAOX

• 1D: -18.15%
• 1M: -7.11%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMG

• 1D: 4.85%
• 1M: 261.28%
• YTD: 936.32%
• 6M: 526.62%
• 1Y: 510.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AAOX vs. ARMG - Yearly Performance Comparison

	2026 (YTD)
AAOX Tradr 2X Long AAOI Daily ETF	68.69%
ARMG Leverage Shares 2X Long ARM Daily ETF	632.88%

Correlation

The correlation between AAOX and ARMG is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 25, 2026	0.19

Return for Risk

AAOX vs. ARMG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARMG

ARMG Risk / Return Rank: 84
ARMG Sharpe Ratio Rank: 95
ARMG Sortino Ratio Rank: 80
ARMG Omega Ratio Rank: 77
ARMG Calmar Ratio Rank: 94
ARMG Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AAOX vs. ARMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long AAOI Daily ETF (AAOX) and Leverage Shares 2X Long ARM Daily ETF (ARMG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AAOX	ARMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.96	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.72	1.24	+3.48

Drawdowns

AAOX vs. ARMG - Drawdown Comparison

The maximum AAOX drawdown since its inception was -52.25%, smaller than the maximum ARMG drawdown of -80.28%. Use the drawdown chart below to compare losses from any high point for AAOX and ARMG.

Drawdown Indicators

	AAOX	ARMG	Difference
Max Drawdown Largest peak-to-trough decline	-52.25%	-80.28%	+28.03%
Max Drawdown (1Y) Largest decline over 1 year	—	-68.13%	—
Current Drawdown Current decline from peak	-38.59%	0.00%	-38.59%
Average Drawdown Average peak-to-trough decline	-21.29%	-53.04%	+31.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	38.55%	—

Volatility

Volatility by Period

	AAOX	ARMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	64.57%	—
Volatility (6M) Calculated over the trailing 6-month period	—	103.90%	—
Volatility (1Y) Calculated over the trailing 1-year period	293.60%	130.31%	+163.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	293.60%	138.30%	+155.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	293.60%	138.30%	+155.30%

AAOX vs. ARMG - Expense Ratio Comparison

AAOX has a 1.49% expense ratio, which is higher than ARMG's 0.75% expense ratio.

Dividends

AAOX vs. ARMG - Dividend Comparison

AAOX has not paid dividends to shareholders, while ARMG's dividend yield for the trailing twelve months is around 0.47%.

Position	TTM	2025
AAOX Tradr 2X Long AAOI Daily ETF	0.00%	0.00%
ARMG Leverage Shares 2X Long ARM Daily ETF	0.47%	4.86%

Frequently Asked Questions

Can I hold both AAOX and ARMG in my portfolio?

AAOX and ARMG have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AAOX or ARMG?

On fees, ARMG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AAOX or ARMG?

ARMG is cheaper with a 0.75% expense ratio, compared with 1.49% for AAOX.

Which ETF pays a higher dividend yield, AAOX or ARMG?

ARMG has the higher dividend yield at 0.47%, compared with 0.00% for AAOX.

What is the main difference between AAOX and ARMG?

They also come from different issuers: Tradr and Leverage Shares. Their fees differ too: 1.49% for AAOX and 0.75% for ARMG.