AAPX vs. PDBC
AAPX (T-Rex 2X Long Apple Daily Target ETF) and PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) are both exchange-traded funds - AAPX is a Leveraged Equities fund actively managed by T-Rex, while PDBC is a Commodities fund actively managed by Invesco. Both are actively managed. Over the past year, AAPX returned 87.44% vs 36.16% for PDBC. Their -0.02 correlation means they have often moved in opposite directions in the past. AAPX charges 1.05%/yr vs 0.58%/yr for PDBC.
Performance
AAPX vs. PDBC - Performance Comparison
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Returns By Period
In the year-to-date period, AAPX achieves a 11.18% return, which is significantly lower than PDBC's 30.19% return.
AAPX
- 1D
- -4.35%
- 1M
- -5.29%
- 6M
- 14.57%
- YTD
- 11.18%
- 1Y
- 87.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 22.35%
PDBC
- 1D
- -1.77%
- 1M
- 8.70%
- 6M
- 23.48%
- YTD
- 30.19%
- 1Y
- 36.16%
- 3Y*
- 9.99%
- 5Y*
- 11.53%
- 10Y*
- 8.78%
- ALL TIME*
- 3.73%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.19M | $2.07M | $2.17M | |
| $116.66M | $151.96M | $123.92M |
AAPX vs. PDBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AAPX T-Rex 2X Long Apple Daily Target ETF | 11.18% | -4.95% | 58.57% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 30.19% | 5.96% | 2.94% |
Correlation
The correlation between AAPX and PDBC is -0.20, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.20 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | -0.02 |
The correlation between AAPX and PDBC shifts across timeframes, from -0.20 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AAPX vs. PDBC — Risk / Return Rank
AAPX
PDBC
AAPX vs. PDBC - 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 Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC). 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 | PDBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.31 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 2.20 | +0.72 |
| Martin ratioReturn relative to average drawdown | 6.59 | 7.30 | -0.71 |
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Drawdowns
AAPX vs. PDBC - Drawdown Comparison
The maximum AAPX drawdown since its inception was -58.55%, which is greater than PDBC's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for AAPX and PDBC.
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Drawdown Indicators
| AAPX | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.55% | -49.52% | -9.03% |
Max Drawdown (1Y)Largest decline over 1 year | -30.12% | -16.55% | -13.57% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.55% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.73% | — |
Current DrawdownCurrent decline from peak | -21.02% | -8.78% | -12.24% |
Average DrawdownAverage peak-to-trough decline | -18.65% | -23.03% | +4.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.31% | 4.97% | +8.34% |
Volatility
AAPX vs. PDBC - Volatility Comparison
T-Rex 2X Long Apple Daily Target ETF (AAPX) has a higher volatility of 21.47% compared to Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) at 7.36%. This indicates that AAPX's price experiences larger fluctuations and is considered to be riskier than PDBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAPX | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.47% | 7.36% | +14.11% |
Volatility (6M)Calculated over the trailing 6-month period | 41.73% | 17.16% | +24.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.74% | 19.65% | +32.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.85% | 19.28% | +36.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.85% | 17.84% | +38.01% |
AAPX vs. PDBC - Expense Ratio Comparison
AAPX has a 1.05% expense ratio, which is higher than PDBC's 0.58% expense ratio.
Dividends
AAPX vs. PDBC - Dividend Comparison
AAPX's dividend yield for the trailing twelve months is around 0.60%, less than PDBC's 2.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AAPX T-Rex 2X Long Apple Daily Target ETF | 0.60% | 0.67% | 21.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 2.95% | 3.84% | 4.42% | 4.21% | 13.05% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.51% |
Frequently Asked Questions
AAPX and PDBC have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAPX has higher volatility (21.47%) compared to PDBC (7.36%). In terms of maximum drawdown, AAPX dropped -58.55% vs PDBC's -49.52%.
On 1-year performance, AAPX leads with 87.44% vs 36.16% for PDBC. On fees, PDBC is cheaper at 0.58% per year. On volatility, PDBC has been the lower-risk option at 7.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AAPX has performed better with a 87.44% return vs 36.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PDBC is cheaper with a 0.58% expense ratio, compared with 1.05% for AAPX.
PDBC has the higher dividend yield at 2.95%, compared with 0.60% for AAPX.
AAPX is categorized as Leveraged Equities, while PDBC is Commodities. They also come from different issuers: T-Rex and Invesco. Their fees differ too: 1.05% for AAPX and 0.58% for PDBC.
PDBC currently has the higher Sharpe Ratio (1.85 vs 1.70), 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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