APLX vs. GEVX

Last updated Jun 23, 2026

APLX (Tradr 2X Long APLD Daily ETF) and GEVX (Tradr 2X Long GEV Daily ETF) are both Leveraged Equities funds from Tradr. Both are actively managed. At a 0.47 correlation, their price movements are largely independent. Both charge a 1.30% expense ratio.

Performance

APLX vs. GEVX - 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 GEV Daily ETF (GEVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, APLX achieves a 80.91% return, which is significantly lower than GEVX's 160.12% return.

APLX

• 1D: -5.43%
• 1M: -8.58%
• YTD: 80.91%
• 6M: 38.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GEVX

• 1D: 3.19%
• 1M: 14.45%
• YTD: 160.12%
• 6M: 152.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

APLX vs. GEVX - Yearly Performance Comparison

	2026 (YTD)	2025
APLX Tradr 2X Long APLD Daily ETF	80.91%	83.15%
GEVX Tradr 2X Long GEV Daily ETF	160.12%	5.02%

Correlation

The correlation between APLX and GEVX is 0.47, 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 Sep 9, 2025	0.47

Return for Risk

APLX vs. GEVX - 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 GEV Daily ETF (GEVX). 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.

Drawdowns

APLX vs. GEVX - Drawdown Comparison

The maximum APLX drawdown since its inception was -84.39%, which is greater than GEVX's maximum drawdown of -45.03%. Use the drawdown chart below to compare losses from any high point for APLX and GEVX.

Drawdown Indicators

	APLX	GEVX	Difference
Max Drawdown Largest peak-to-trough decline	-84.39%	-45.03%	-39.36%
Current Drawdown Current decline from peak	-42.60%	-8.37%	-34.23%
Average Drawdown Average peak-to-trough decline	-45.32%	-15.04%	-30.28%

Volatility

Volatility by Period

	APLX	GEVX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	214.93%	101.40%	+113.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	214.93%	101.40%	+113.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	214.93%	101.40%	+113.53%

APLX vs. GEVX - Expense Ratio Comparison

Both APLX and GEVX have an expense ratio of 1.30%.

Dividends

APLX vs. GEVX - Dividend Comparison

Neither APLX nor GEVX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both APLX and GEVX in my portfolio?

APLX and GEVX have a correlation of 0.47, 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 GEVX?

Both ETFs have the same 1.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, APLX or GEVX?

APLX and GEVX have the same expense ratio: 1.30% per year.

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

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