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AAPX vs. UPRO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

AAPX vs. UPRO

Last updated May 13, 2025

Compare and contrast key facts about T-Rex 2X Long Apple Daily Target ETF (AAPX) and ProShares UltraPro S&P 500 (UPRO).

AAPX and UPRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AAPX is an actively managed fund by T-Rex. It was launched on Jan 10, 2024. UPRO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (300%). It was launched on Jun 23, 2009.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAPX or UPRO.

Correlation

The correlation between AAPX and UPRO is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Performance

AAPX vs. UPRO - 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 ProShares UltraPro S&P 500 (UPRO). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

AAPX:

0.12

UPRO:

0.26

Sortino Ratio

AAPX:

0.64

UPRO:

0.82

Omega Ratio

AAPX:

1.09

UPRO:

1.12

Calmar Ratio

AAPX:

0.14

UPRO:

0.36

Martin Ratio

AAPX:

0.40

UPRO:

1.18

Ulcer Index

AAPX:

20.38%

UPRO:

14.90%

Daily Std Dev

AAPX:

65.56%

UPRO:

58.20%

Max Drawdown

AAPX:

-58.55%

UPRO:

-76.82%

Current Drawdown

AAPX:

-40.93%

UPRO:

-21.47%

Returns By Period

In the year-to-date period, AAPX achieves a -36.65% return, which is significantly lower than UPRO's -12.04% return.

AAPX

YTD

-36.65%

1M

11.38%

6M

-21.84%

1Y

7.86%

5Y*

N/A

10Y*

N/A

UPRO

YTD

-12.04%

1M

27.36%

6M

-18.54%

1Y

15.22%

5Y*

36.18%

10Y*

21.11%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

AAPX vs. UPRO - Expense Ratio Comparison

AAPX has a 1.05% expense ratio, which is higher than UPRO's 0.92% expense ratio.

AAPX
T-Rex 2X Long Apple Daily Target ETF
UPRO
ProShares UltraPro S&P 500

Risk-Adjusted Performance

AAPX vs. UPRO — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AAPX
The Risk-Adjusted Performance Rank of AAPX is 2828
Overall Rank
The Sharpe Ratio Rank of AAPX is 2020
Sharpe Ratio Rank
The Sortino Ratio Rank of AAPX is 3636
Sortino Ratio Rank
The Omega Ratio Rank of AAPX is 3737
Omega Ratio Rank
The Calmar Ratio Rank of AAPX is 2424
Calmar Ratio Rank
The Martin Ratio Rank of AAPX is 2121
Martin Ratio Rank
UPRO
The Risk-Adjusted Performance Rank of UPRO is 4141
Overall Rank
The Sharpe Ratio Rank of UPRO is 2929
Sharpe Ratio Rank
The Sortino Ratio Rank of UPRO is 4848
Sortino Ratio Rank
The Omega Ratio Rank of UPRO is 5151
Omega Ratio Rank
The Calmar Ratio Rank of UPRO is 4242
Calmar Ratio Rank
The Martin Ratio Rank of UPRO is 3737
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

AAPX vs. UPRO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long Apple Daily Target ETF (AAPX) and ProShares UltraPro S&P 500 (UPRO). 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.

The current AAPX Sharpe Ratio is 0.12, which is lower than the UPRO Sharpe Ratio of 0.26. The chart below compares the historical Sharpe Ratios of AAPX and UPRO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

AAPX vs. UPRO - Dividend Comparison

AAPX's dividend yield for the trailing twelve months is around 33.87%, more than UPRO's 1.14% yield.

TTM20242023202220212020201920182017201620152014
AAPX
T-Rex 2X Long Apple Daily Target ETF		33.87%21.46%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
UPRO
ProShares UltraPro S&P 500		1.14%0.93%0.74%0.52%0.06%0.11%0.41%0.63%0.00%0.12%0.34%0.22%

Drawdowns

AAPX vs. UPRO - Drawdown Comparison

The maximum AAPX drawdown since its inception was -58.55%, smaller than the maximum UPRO drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for AAPX and UPRO. For additional features, visit the drawdowns tool.

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Volatility

AAPX vs. UPRO - Volatility Comparison

T-Rex 2X Long Apple Daily Target ETF (AAPX) has a higher volatility of 22.53% compared to ProShares UltraPro S&P 500 (UPRO) at 18.85%. This indicates that AAPX's price experiences larger fluctuations and is considered to be riskier than UPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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