AAOX vs. PYPG
AAOX (Tradr 2X Long AAOI Daily ETF) and PYPG (Leverage Shares 2X Long PYPL Daily ETF) are both Leveraged Equities funds. AAOX is passively managed, while PYPG is actively managed. At a correlation of -0.08, they often move in opposite directions. AAOX charges 1.49%/yr vs 0.75%/yr for PYPG.
Performance
AAOX vs. PYPG - Performance Comparison
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Returns By Period
AAOX
- 1D
- -15.94%
- 1M
- -70.45%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PYPG
- 1D
- 4.02%
- 1M
- 61.13%
- 6M
- -18.36%
- YTD
- -23.41%
- 1Y
- -56.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAOX vs. PYPG - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
AAOX Tradr 2X Long AAOI Daily ETF | -48.33% |
PYPG Leverage Shares 2X Long PYPL Daily ETF | 41.63% |
Correlation
The correlation between AAOX and PYPG is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 24, 2026 | -0.08 |
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Return for Risk
AAOX vs. PYPG — Risk / Return Rank
AAOX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PYPG
AAOX vs. PYPG - 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 PYPL Daily ETF (PYPG). 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.
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.
| AAOX | PYPG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.91 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.71 | — |
| Martin ratioReturn relative to average drawdown | — | -1.00 | — |
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Drawdowns
AAOX vs. PYPG - Drawdown Comparison
The maximum AAOX drawdown since its inception was -86.17%, which is greater than PYPG's maximum drawdown of -79.52%. Use the drawdown chart below to compare losses from any high point for AAOX and PYPG.
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Drawdown Indicators
| AAOX | PYPG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.17% | -79.52% | -6.65% |
Max Drawdown (1Y)Largest decline over 1 year | — | -79.52% | — |
Current DrawdownCurrent decline from peak | -86.17% | -61.72% | -24.45% |
Average DrawdownAverage peak-to-trough decline | -36.72% | -41.31% | +4.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 56.30% | — |
Volatility
AAOX vs. PYPG - Volatility Comparison
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Volatility by Period
| AAOX | PYPG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 34.53% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 77.11% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 292.80% | 85.35% | +207.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 292.80% | 83.28% | +209.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 292.80% | 83.28% | +209.52% |
AAOX vs. PYPG - Expense Ratio Comparison
AAOX has a 1.49% expense ratio, which is higher than PYPG's 0.75% expense ratio.
Dividends
AAOX vs. PYPG - Dividend Comparison
Neither AAOX nor PYPG has paid dividends to shareholders.
Frequently Asked Questions
AAOX and PYPG have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PYPG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PYPG is cheaper with a 0.75% expense ratio, compared with 1.49% for AAOX.
AAOX and PYPG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Tradr and Leverage Shares. Their fees differ too: 1.49% for AAOX and 0.75% for PYPG.
Find the right allocation for AAOX and PYPG
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