AAPX vs. AAPL
AAPX (T-Rex 2X Long Apple Daily Target ETF) is Leveraged Equities fund actively managed by T-Rex, while AAPL (Apple Inc) is a stock. Over the past year, AAPX returned 81.26% vs 46.63% for AAPL. With a 0.99 correlation, they move nearly in lockstep.
Performance
AAPX vs. AAPL - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with AAPX at 8.46% and AAPL at 8.46%.
AAPX
- 1D
- -1.73%
- 1M
- -10.36%
- YTD
- 8.46%
- 6M
- 7.98%
- 1Y
- 81.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAPL
- 1D
- -0.91%
- 1M
- -4.70%
- YTD
- 8.46%
- 6M
- 8.26%
- 1Y
- 46.63%
- 3Y*
- 16.93%
- 5Y*
- 17.74%
- 10Y*
- 30.05%
AAPX vs. AAPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AAPX T-Rex 2X Long Apple Daily Target ETF | 8.46% | -4.95% | 58.57% |
AAPL Apple Inc | 8.46% | 9.05% | 35.16% |
Correlation
The correlation between AAPX and AAPL is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.99 |
The correlation between AAPX and AAPL has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
AAPX vs. AAPL — Risk / Return Rank
AAPX
AAPL
AAPX vs. AAPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long Apple Daily Target ETF (AAPX) and Apple Inc (AAPL). 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.
| AAPX | AAPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.38 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 3.40 | -0.68 |
| Martin ratioReturn relative to average drawdown | 6.32 | 8.35 | -2.03 |
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Drawdowns
AAPX vs. AAPL - Drawdown Comparison
The maximum AAPX drawdown since its inception was -58.55%, smaller than the maximum AAPL drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for AAPX and AAPL.
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Drawdown Indicators
| AAPX | AAPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.55% | -81.80% | +23.25% |
Max Drawdown (1Y)Largest decline over 1 year | -30.12% | -13.80% | -16.32% |
Max Drawdown (3Y)Largest decline over 3 years | — | -33.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.52% | — |
Current DrawdownCurrent decline from peak | -13.68% | -6.63% | -7.05% |
Average DrawdownAverage peak-to-trough decline | -19.16% | -29.58% | +10.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.90% | 5.60% | +7.30% |
Volatility
AAPX vs. AAPL - Volatility Comparison
T-Rex 2X Long Apple Daily Target ETF (AAPX) has a higher volatility of 14.33% compared to Apple Inc (AAPL) at 6.98%. This indicates that AAPX's price experiences larger fluctuations and is considered to be riskier than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAPX | AAPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.33% | 6.98% | +7.35% |
Volatility (6M)Calculated over the trailing 6-month period | 33.57% | 16.62% | +16.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.54% | 22.57% | +22.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.49% | 27.52% | +26.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.49% | 28.92% | +25.57% |
Dividends
AAPX vs. AAPL - Dividend Comparison
AAPX's dividend yield for the trailing twelve months is around 0.61%, more than AAPL's 0.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPL Apple Inc | 0.36% | 0.38% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% |
AAPX T-Rex 2X Long Apple Daily Target ETF | 0.61% | 0.67% | 21.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.99, AAPX and AAPL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
AAPX has higher volatility (14.33%) compared to AAPL (6.98%). In terms of maximum drawdown, AAPX dropped -58.55% vs AAPL's -81.80%.
AAPL currently has the higher Sharpe Ratio (2.08 vs 1.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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