APLX vs. ABNG
APLX (Tradr 2X Long APLD Daily ETF) and ABNG (Leverage Shares 2x Long ABNB Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.15 correlation, their price movements are largely independent. APLX charges 1.30%/yr vs 0.75%/yr for ABNG.
Performance
APLX vs. ABNG - Performance Comparison
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Returns By Period
In the year-to-date period, APLX achieves a 54.31% return, which is significantly higher than ABNG's 1.11% return.
APLX
- 1D
- -14.59%
- 1M
- -22.03%
- YTD
- 54.31%
- 6M
- 37.66%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ABNG
- 1D
- 7.74%
- 1M
- 16.99%
- YTD
- 1.11%
- 6M
- -0.78%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
APLX vs. ABNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
APLX Tradr 2X Long APLD Daily ETF | 54.31% | -9.47% |
ABNG Leverage Shares 2x Long ABNB Daily ETF | 1.11% | 23.24% |
Correlation
The correlation between APLX and ABNG is 0.15, 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 Nov 17, 2025 | 0.15 |
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Return for Risk
APLX vs. ABNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long APLD Daily ETF (APLX) and Leverage Shares 2x Long ABNB Daily ETF (ABNG). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
APLX vs. ABNG - Drawdown Comparison
The maximum APLX drawdown since its inception was -84.39%, which is greater than ABNG's maximum drawdown of -33.03%. Use the drawdown chart below to compare losses from any high point for APLX and ABNG.
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Drawdown Indicators
| APLX | ABNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.39% | -33.03% | -51.36% |
Current DrawdownCurrent decline from peak | -51.04% | -4.70% | -46.34% |
Average DrawdownAverage peak-to-trough decline | -45.33% | -12.26% | -33.07% |
Volatility
APLX vs. ABNG - Volatility Comparison
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Volatility by Period
| APLX | ABNG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 214.61% | 63.54% | +151.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 214.61% | 63.54% | +151.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 214.61% | 63.54% | +151.07% |
APLX vs. ABNG - Expense Ratio Comparison
APLX has a 1.30% expense ratio, which is higher than ABNG's 0.75% expense ratio.
Dividends
APLX vs. ABNG - Dividend Comparison
Neither APLX nor ABNG has paid dividends to shareholders.
Frequently Asked Questions
APLX and ABNG have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ABNG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ABNG is cheaper with a 0.75% expense ratio, compared with 1.30% for APLX.
APLX and ABNG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Tradr and Leverage Shares. Their fees differ too: 1.30% for APLX and 0.75% for ABNG.
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