AAOX vs. OOQB

Last updated Jun 4, 2026

AAOX (Tradr 2X Long AAOI Daily ETF) and OOQB (Volatility Shares One+One Nasdaq-100® and Bitcoin ETF) are both exchange-traded funds - AAOX is a Leveraged Equities fund tracking the Applied Optoelectronics, Inc. (AAOI), while OOQB is a Nasdaq-100 fund actively managed by Volatility Shares. AAOX is passively managed, while OOQB is actively managed. At a 0.17 correlation, their price movements are largely independent. AAOX charges 1.49%/yr vs 0.75%/yr for OOQB.

Performance

AAOX vs. OOQB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long AAOI Daily ETF (AAOX) and Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB). 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*: —

OOQB

• 1D: 0.00%
• 1M: 0.00%
• YTD: -18.43%
• 6M: -24.99%
• 1Y: -27.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AAOX vs. OOQB - Yearly Performance Comparison

	2026 (YTD)
AAOX Tradr 2X Long AAOI Daily ETF	68.69%
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF	10.26%

Correlation

The correlation between AAOX and OOQB is 0.17, 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	0.17

Return for Risk

AAOX vs. OOQB — Risk / Return Rank

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

OOQB

OOQB Risk / Return Rank: 4
OOQB Sharpe Ratio Rank: 4
OOQB Sortino Ratio Rank: 5
OOQB Omega Ratio Rank: 4
OOQB Calmar Ratio Rank: 4
OOQB Martin Ratio Rank: 5

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. OOQB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long AAOI Daily ETF (AAOX) and Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB). 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	OOQB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.72	-0.41	+5.13

Drawdowns

AAOX vs. OOQB - Drawdown Comparison

The maximum AAOX drawdown since its inception was -52.25%, roughly equal to the maximum OOQB drawdown of -53.44%. Use the drawdown chart below to compare losses from any high point for AAOX and OOQB.

Drawdown Indicators

	AAOX	OOQB	Difference
Max Drawdown Largest peak-to-trough decline	-52.25%	-53.44%	+1.19%
Max Drawdown (1Y) Largest decline over 1 year	—	-53.44%	—
Current Drawdown Current decline from peak	-38.59%	-43.69%	+5.10%
Average Drawdown Average peak-to-trough decline	-21.29%	-23.26%	+1.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	30.11%	—

Volatility

Volatility by Period

	AAOX	OOQB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	39.39%	—
Volatility (1Y) Calculated over the trailing 1-year period	293.60%	51.57%	+242.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	293.60%	58.12%	+235.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	293.60%	58.12%	+235.48%

AAOX vs. OOQB - Expense Ratio Comparison

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

Dividends

AAOX vs. OOQB - Dividend Comparison

AAOX has not paid dividends to shareholders, while OOQB's dividend yield for the trailing twelve months is around 11.62%.

Position	TTM	2025
AAOX Tradr 2X Long AAOI Daily ETF	0.00%	0.00%
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF	11.62%	9.53%

Frequently Asked Questions

Can I hold both AAOX and OOQB in my portfolio?

AAOX and OOQB have a correlation of 0.17, 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 OOQB?

On fees, OOQB 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 OOQB?

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

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

OOQB has the higher dividend yield at 11.62%, compared with 0.00% for AAOX.

What is the main difference between AAOX and OOQB?

AAOX is categorized as Leveraged Equities, while OOQB is Nasdaq-100. They also come from different issuers: Tradr and Volatility Shares. Their fees differ too: 1.49% for AAOX and 0.75% for OOQB.