APLX vs. RDW

Last updated Jun 3, 2026

APLX (Tradr 2X Long APLD Daily ETF) is Leveraged Equities fund actively managed by Tradr, while RDW (Redwire Corporation) is a stock. At a 0.48 correlation, their price movements are largely independent.

Performance

APLX vs. RDW - Performance Comparison

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

Returns By Period

In the year-to-date period, APLX achieves a 112.11% return, which is significantly lower than RDW's 170.79% return.

APLX

• 1D: -0.66%
• 1M: 78.37%
• YTD: 112.11%
• 6M: 41.87%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RDW

• 1D: -0.48%
• 1M: 120.34%
• YTD: 170.79%
• 6M: 294.25%
• 1Y: 47.74%
• 3Y*: 102.46%
• 5Y*: —
• 10Y*: —

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

APLX vs. RDW - Yearly Performance Comparison

	2026 (YTD)	2025
APLX Tradr 2X Long APLD Daily ETF	112.11%	71.82%
RDW Redwire Corporation	170.79%	-6.86%

Correlation

The correlation between APLX and RDW is 0.48, 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 10, 2025	0.48

Return for Risk

APLX vs. RDW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RDW

RDW Risk / Return Rank: 56
RDW Sharpe Ratio Rank: 55
RDW Sortino Ratio Rank: 63
RDW Omega Ratio Rank: 60
RDW Calmar Ratio Rank: 54
RDW Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

APLX vs. RDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long APLD Daily ETF (APLX) and Redwire Corporation (RDW). 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	RDW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.41	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.27	0.16	+2.11

Drawdowns

APLX vs. RDW - Drawdown Comparison

The maximum APLX drawdown since its inception was -84.39%, roughly equal to the maximum RDW drawdown of -87.26%. Use the drawdown chart below to compare losses from any high point for APLX and RDW.

Drawdown Indicators

	APLX	RDW	Difference
Max Drawdown Largest peak-to-trough decline	-84.39%	-87.26%	+2.87%
Max Drawdown (1Y) Largest decline over 1 year	—	-75.40%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-80.28%	—
Current Drawdown Current decline from peak	-32.70%	-20.54%	-12.16%
Average Drawdown Average peak-to-trough decline	-45.52%	-59.53%	+14.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	51.54%	—

Volatility

Volatility by Period

	APLX	RDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	45.37%	—
Volatility (6M) Calculated over the trailing 6-month period	—	89.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	218.21%	116.01%	+102.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	218.21%	95.94%	+122.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	218.21%	95.94%	+122.27%

Dividends

APLX vs. RDW - Dividend Comparison

Neither APLX nor RDW has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both APLX and RDW in my portfolio?

APLX and RDW have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.