APLX vs. TSLA

Last updated Jun 13, 2026

APLX (Tradr 2X Long APLD Daily ETF) is Leveraged Equities fund actively managed by Tradr, while TSLA (Tesla, Inc.) is a stock. At a 0.39 correlation, their price movements are largely independent.

Performance

APLX vs. TSLA - Performance Comparison

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

Returns By Period

In the year-to-date period, APLX achieves a 62.98% return, which is significantly higher than TSLA's -9.63% return.

APLX

• 1D: 5.26%
• 1M: -24.98%
• YTD: 62.98%
• 6M: 12.99%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSLA

• 1D: 1.82%
• 1M: -8.32%
• YTD: -9.63%
• 6M: -11.45%
• 1Y: 24.94%
• 3Y*: 16.25%
• 5Y*: 14.86%
• 10Y*: 39.72%

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

APLX vs. TSLA - Yearly Performance Comparison

	2026 (YTD)	2025
APLX Tradr 2X Long APLD Daily ETF	62.98%	83.15%
TSLA Tesla, Inc.	-9.63%	29.83%

Correlation

The correlation between APLX and TSLA is 0.39, 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	0.39

Return for Risk

APLX vs. TSLA — Risk / Return Rank

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

APLX

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

TSLA

TSLA Risk / Return Rank: 61
TSLA Sharpe Ratio Rank: 64
TSLA Sortino Ratio Rank: 59
TSLA Omega Ratio Rank: 56
TSLA Calmar Ratio Rank: 62
TSLA Martin Ratio Rank: 63

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. TSLA - Risk-Adjusted Trends Comparison

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

	APLX	TSLA	Difference
Sharpe ratio: Return per unit of total volatility	—	0.62	—
Sortino ratio: Return per unit of downside risk	—	1.13	—
Omega ratio: Gain probability vs. loss probability	—	1.13	—
Calmar ratio: Return relative to maximum drawdown	—	0.92	—
Martin ratio: Return relative to average drawdown	—	2.10	—

Drawdowns

APLX vs. TSLA - Drawdown Comparison

The maximum APLX drawdown since its inception was -84.39%, which is greater than TSLA's maximum drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for APLX and TSLA.

Drawdown Indicators

	APLX	TSLA	Difference
Max Drawdown Largest peak-to-trough decline	-84.39%	-73.63%	-10.76%
Max Drawdown (1Y) Largest decline over 1 year	—	-29.93%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-53.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-73.63%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-73.63%	—
Current Drawdown Current decline from peak	-48.29%	-17.03%	-31.26%
Average Drawdown Average peak-to-trough decline	-45.44%	-22.72%	-22.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.06%	—

Volatility

Volatility by Period

	APLX	TSLA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.25%	—
Volatility (6M) Calculated over the trailing 6-month period	—	28.73%	—
Volatility (1Y) Calculated over the trailing 1-year period	216.63%	44.49%	+172.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	216.63%	58.98%	+157.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	216.63%	59.14%	+157.49%

Dividends

APLX vs. TSLA - Dividend Comparison

Neither APLX nor TSLA has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both APLX and TSLA in my portfolio?

APLX and TSLA have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.