AAPX vs. SNDU

Last updated Aug 4, 2026

AAPX (T-Rex 2X Long Apple Daily Target ETF) and SNDU (T-REX 2X Long SNDK Daily Target ETF) are both Leveraged Equities funds from T-Rex. AAPX is actively managed, while SNDU is passively managed. Their -0.05 correlation means they have often moved in opposite directions in the past. AAPX charges 1.05%/yr vs 1.50%/yr for SNDU.

Performance

AAPX vs. SNDU - 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 T-REX 2X Long SNDK Daily Target ETF (SNDU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AAPX

• 1D: -4.35%
• 1M: -5.29%
• 6M: 14.57%
• YTD: 11.18%
• 1Y: 87.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.35%

SNDU

• 1D: 12.86%
• 1M: -56.69%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AAPX T-Rex 2X Long Apple Daily Target ETF	$2.19M	$2.07M	$2.17M
SNDU T-REX 2X Long SNDK Daily Target ETF	$324.41M	$273.24M	$171.85M

AAPX vs. SNDU - Yearly Performance Comparison

	2026 (YTD)
AAPX T-Rex 2X Long Apple Daily Target ETF	24.54%
SNDU T-REX 2X Long SNDK Daily Target ETF	106.59%

Correlation

The correlation between AAPX and SNDU is -0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 12, 2026	-0.05

Return for Risk

AAPX vs. SNDU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AAPX

AAPX Risk / Return Rank: 68
AAPX Sharpe Ratio Rank: 71
AAPX Sortino Ratio Rank: 65
AAPX Omega Ratio Rank: 70
AAPX Calmar Ratio Rank: 78
AAPX Martin Ratio Rank: 54

SNDU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AAPX vs. SNDU - 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 T-REX 2X Long SNDK Daily Target ETF (SNDU). 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	SNDU	Difference
Sharpe ratio: Return per unit of total volatility	1.70	—	—
Sortino ratio: Return per unit of downside risk	2.24	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	2.92	—	—
Martin ratio: Return relative to average drawdown	6.59	—	—

Drawdowns

AAPX vs. SNDU - Drawdown Comparison

The maximum AAPX drawdown since its inception was -58.55%, smaller than the maximum SNDU drawdown of -85.50%. Use the drawdown chart below to compare losses from any high point for AAPX and SNDU.

Drawdown Indicators

	AAPX	SNDU	Difference
Max Drawdown Largest peak-to-trough decline	-58.55%	-85.50%	+26.95%
Max Drawdown (1Y) Largest decline over 1 year	-30.12%	—	—
Current Drawdown Current decline from peak	-21.02%	-77.76%	+56.74%
Average Drawdown Average peak-to-trough decline	-18.65%	-22.75%	+4.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.31%	—	—

Volatility

Volatility by Period

	AAPX	SNDU	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.47%	—	—
Volatility (6M) Calculated over the trailing 6-month period	41.73%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	51.74%	248.80%	-197.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.85%	248.80%	-192.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.85%	248.80%	-192.95%

AAPX vs. SNDU - Expense Ratio Comparison

AAPX has a 1.05% expense ratio, which is lower than SNDU's 1.50% expense ratio.

Dividends

AAPX vs. SNDU - Dividend Comparison

AAPX's dividend yield for the trailing twelve months is around 0.60%, while SNDU has not paid dividends to shareholders.

Position	TTM	2025	2024
AAPX T-Rex 2X Long Apple Daily Target ETF	0.60%	0.67%	21.46%
SNDU T-REX 2X Long SNDK Daily Target ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AAPX and SNDU in my portfolio?

AAPX and SNDU have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AAPX or SNDU?

On fees, AAPX is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AAPX or SNDU?

AAPX is cheaper with a 1.05% expense ratio, compared with 1.50% for SNDU.

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

AAPX has the higher dividend yield at 0.60%, compared with 0.00% for SNDU.

What is the main difference between AAPX and SNDU?

Their fees differ too: 1.05% for AAPX and 1.50% for SNDU.