APLX vs. AAOX

Last updated Jun 4, 2026

APLX (Tradr 2X Long APLD Daily ETF) and AAOX (Tradr 2X Long AAOI Daily ETF) are both Leveraged Equities funds from Tradr. APLX is actively managed, while AAOX is passively managed. At a 0.36 correlation, their price movements are largely independent. APLX charges 1.30%/yr vs 1.49%/yr for AAOX.

Performance

APLX vs. AAOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long APLD Daily ETF (APLX) and Tradr 2X Long AAOI Daily ETF (AAOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

APLX

• 1D: -12.57%
• 1M: 39.18%
• YTD: 85.45%
• 6M: 13.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AAOX

• 1D: -18.15%
• 1M: -7.11%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

APLX vs. AAOX - Yearly Performance Comparison

	2026 (YTD)
APLX Tradr 2X Long APLD Daily ETF	110.87%
AAOX Tradr 2X Long AAOI Daily ETF	68.69%

Correlation

The correlation between APLX and AAOX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 25, 2026	0.36

Return for Risk

APLX vs. AAOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long APLD Daily ETF (APLX) and Tradr 2X Long AAOI Daily ETF (AAOX). 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.

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

Sharpe Ratios by Period

	APLX	AAOX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.79	4.72	-2.93

Drawdowns

APLX vs. AAOX - Drawdown Comparison

The maximum APLX drawdown since its inception was -84.39%, which is greater than AAOX's maximum drawdown of -52.25%. Use the drawdown chart below to compare losses from any high point for APLX and AAOX.

Drawdown Indicators

	APLX	AAOX	Difference
Max Drawdown Largest peak-to-trough decline	-84.39%	-52.25%	-32.14%
Current Drawdown Current decline from peak	-41.16%	-38.59%	-2.57%
Average Drawdown Average peak-to-trough decline	-45.49%	-21.29%	-24.20%

Volatility

Volatility by Period

	APLX	AAOX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	218.24%	293.60%	-75.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	218.24%	293.60%	-75.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	218.24%	293.60%	-75.36%

APLX vs. AAOX - Expense Ratio Comparison

APLX has a 1.30% expense ratio, which is lower than AAOX's 1.49% expense ratio.

Dividends

APLX vs. AAOX - Dividend Comparison

Neither APLX nor AAOX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both APLX and AAOX in my portfolio?

APLX and AAOX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, APLX or AAOX?

On fees, APLX is cheaper at 1.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, APLX or AAOX?

APLX is cheaper with a 1.30% expense ratio, compared with 1.49% for AAOX.

Which ETF pays a higher dividend yield, APLX or AAOX?

APLX and AAOX have nearly identical dividend yields, around 0.00%.

What is the main difference between APLX and AAOX?

Their fees differ too: 1.30% for APLX and 1.49% for AAOX.