AAPX vs. HOOG

Last updated Jun 4, 2026

AAPX (T-Rex 2X Long Apple Daily Target ETF) and HOOG (Leverage Shares 2X Long HOOD Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, AAPX returned 97.74% vs -29.31% for HOOG. At a 0.30 correlation, their price movements are largely independent. AAPX charges 1.05%/yr vs 0.75%/yr for HOOG.

Performance

AAPX vs. HOOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Long Apple Daily Target ETF (AAPX) and Leverage Shares 2X Long HOOD Daily ETF (HOOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AAPX achieves a 21.23% return, which is significantly higher than HOOG's -60.40% return.

AAPX

• 1D: -3.52%
• 1M: 24.03%
• YTD: 21.23%
• 6M: 8.76%
• 1Y: 97.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOOG

• 1D: -12.13%
• 1M: 10.59%
• YTD: -60.40%
• 6M: -72.73%
• 1Y: -29.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AAPX vs. HOOG - Yearly Performance Comparison

	2026 (YTD)	2025
AAPX T-Rex 2X Long Apple Daily Target ETF	21.23%	30.56%
HOOG Leverage Shares 2X Long HOOD Daily ETF	-60.40%	291.44%

Correlation

The correlation between AAPX and HOOG is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (All Time) Calculated using the full available price history since Mar 24, 2025	0.30

Return for Risk

AAPX vs. HOOG — Risk / Return Rank

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

AAPX

AAPX Risk / Return Rank: 59
AAPX Sharpe Ratio Rank: 64
AAPX Sortino Ratio Rank: 60
AAPX Omega Ratio Rank: 58
AAPX Calmar Ratio Rank: 65
AAPX Martin Ratio Rank: 47

HOOG

HOOG Risk / Return Rank: 9
HOOG Sharpe Ratio Rank: 6
HOOG Sortino Ratio Rank: 14
HOOG Omega Ratio Rank: 13
HOOG Calmar Ratio Rank: 6
HOOG Martin Ratio Rank: 6

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.

AAPX vs. HOOG - 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 Leverage Shares 2X Long HOOD Daily ETF (HOOG). 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.

	AAPX	HOOG	Difference
Sharpe ratio: Return per unit of total volatility	2.19	-0.22	+2.40
Sortino ratio: Return per unit of downside risk	2.85	0.64	+2.21
Omega ratio: Gain probability vs. loss probability	1.36	1.07	+0.29
Calmar ratio: Return relative to maximum drawdown	3.26	-0.34	+3.60
Martin ratio: Return relative to average drawdown	7.75	-0.55	+8.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AAPX vs. HOOG - Sharpe Ratio Comparison

The current AAPX Sharpe Ratio is 2.19, which is higher than the HOOG Sharpe Ratio of -0.22. The chart below compares the historical Sharpe Ratios of AAPX and HOOG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AAPX	HOOG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	-0.22	+2.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.31	+0.21

Drawdowns

AAPX vs. HOOG - Drawdown Comparison

The maximum AAPX drawdown since its inception was -58.55%, smaller than the maximum HOOG drawdown of -86.94%. Use the drawdown chart below to compare losses from any high point for AAPX and HOOG.

Drawdown Indicators

	AAPX	HOOG	Difference
Max Drawdown Largest peak-to-trough decline	-58.55%	-86.94%	+28.39%
Max Drawdown (1Y) Largest decline over 1 year	-30.12%	-86.94%	+56.82%
Current Drawdown Current decline from peak	-3.52%	-81.53%	+78.01%
Average Drawdown Average peak-to-trough decline	-19.36%	-37.56%	+18.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.66%	53.22%	-40.56%

Volatility

AAPX vs. HOOG - Volatility Comparison

The current volatility for T-Rex 2X Long Apple Daily Target ETF (AAPX) is 11.21%, while Leverage Shares 2X Long HOOD Daily ETF (HOOG) has a volatility of 41.51%. This indicates that AAPX experiences smaller price fluctuations and is considered to be less risky than HOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AAPX	HOOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.21%	41.51%	-30.30%
Volatility (6M) Calculated over the trailing 6-month period	32.05%	100.64%	-68.59%
Volatility (1Y) Calculated over the trailing 1-year period	44.99%	137.15%	-92.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.62%	144.88%	-90.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.62%	144.88%	-90.26%

AAPX vs. HOOG - Expense Ratio Comparison

AAPX has a 1.05% expense ratio, which is higher than HOOG's 0.75% expense ratio.

Dividends

AAPX vs. HOOG - Dividend Comparison

AAPX's dividend yield for the trailing twelve months is around 0.55%, less than HOOG's 31.07% yield.

Position	TTM	2025	2024
AAPX T-Rex 2X Long Apple Daily Target ETF	0.55%	0.67%	21.46%
HOOG Leverage Shares 2X Long HOOD Daily ETF	31.07%	12.30%	0.00%

Frequently Asked Questions

Can I hold both AAPX and HOOG in my portfolio?

AAPX and HOOG have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AAPX or HOOG?

HOOG has higher volatility (41.51%) compared to AAPX (11.21%). In terms of maximum drawdown, AAPX dropped -58.55% vs HOOG's -86.94%.

Which ETF is better, AAPX or HOOG?

On 1-year performance, AAPX leads with 97.74% vs -29.31% for HOOG. On fees, HOOG is cheaper at 0.75% per year. On volatility, AAPX has been the lower-risk option at 11.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AAPX or HOOG?

Over the 1-year period, AAPX has performed better with a 97.74% return vs -29.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AAPX or HOOG?

HOOG is cheaper with a 0.75% expense ratio, compared with 1.05% for AAPX.

Which ETF pays a higher dividend yield, AAPX or HOOG?

HOOG has the higher dividend yield at 31.07%, compared with 0.55% for AAPX.

What is the main difference between AAPX and HOOG?

They also come from different issuers: T-Rex and Leverage Shares. Their fees differ too: 1.05% for AAPX and 0.75% for HOOG.

Which has better risk-adjusted returns?

AAPX currently has the higher Sharpe Ratio (2.19 vs -0.22), 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.