APLX vs. UPSX

Last updated Jun 24, 2026

APLX (Tradr 2X Long APLD Daily ETF) and UPSX (Tradr 2X Long UPST Daily ETF) are both Leveraged Equities funds from Tradr. Both are actively managed. At a 0.32 correlation, their price movements are largely independent. Both charge a 1.30% expense ratio.

Performance

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

Returns By Period

In the year-to-date period, APLX achieves a 80.67% return, which is significantly higher than UPSX's -63.13% return.

APLX

• 1D: -0.13%
• 1M: -8.70%
• YTD: 80.67%
• 6M: 57.45%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UPSX

• 1D: 0.61%
• 1M: 14.06%
• YTD: -63.13%
• 6M: -70.79%
• 1Y: -85.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

APLX vs. UPSX - Yearly Performance Comparison

	2026 (YTD)	2025
APLX Tradr 2X Long APLD Daily ETF	80.67%	83.15%
UPSX Tradr 2X Long UPST Daily ETF	-63.13%	-66.27%

Correlation

The correlation between APLX and UPSX is 0.32, 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	0.32

Return for Risk

APLX vs. UPSX — 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.

UPSX

UPSX Risk / Return Rank: 3
UPSX Sharpe Ratio Rank: 4
UPSX Sortino Ratio Rank: 4
UPSX Omega Ratio Rank: 4
UPSX Calmar Ratio Rank: 1
UPSX Martin Ratio Rank: 4

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. UPSX - 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 UPST Daily ETF (UPSX). 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	UPSX	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.61	—
Sortino ratio: Return per unit of downside risk	—	-0.88	—
Omega ratio: Gain probability vs. loss probability	—	0.90	—
Calmar ratio: Return relative to maximum drawdown	—	-0.90	—
Martin ratio: Return relative to average drawdown	—	-1.14	—

Drawdowns

APLX vs. UPSX - Drawdown Comparison

The maximum APLX drawdown since its inception was -84.39%, smaller than the maximum UPSX drawdown of -95.01%. Use the drawdown chart below to compare losses from any high point for APLX and UPSX.

Drawdown Indicators

	APLX	UPSX	Difference
Max Drawdown Largest peak-to-trough decline	-84.39%	-95.01%	+10.62%
Max Drawdown (1Y) Largest decline over 1 year	—	-95.01%	—
Current Drawdown Current decline from peak	-42.67%	-92.74%	+50.07%
Average Drawdown Average peak-to-trough decline	-45.30%	-67.11%	+21.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	74.96%	—

Volatility

Volatility by Period

	APLX	UPSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	43.27%	—
Volatility (6M) Calculated over the trailing 6-month period	—	102.17%	—
Volatility (1Y) Calculated over the trailing 1-year period	214.39%	140.34%	+74.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	214.39%	141.11%	+73.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	214.39%	141.11%	+73.28%

APLX vs. UPSX - Expense Ratio Comparison

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

Dividends

APLX vs. UPSX - Dividend Comparison

Neither APLX nor UPSX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both APLX and UPSX in my portfolio?

APLX and UPSX have a correlation of 0.32, 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 UPSX?

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 UPSX?

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

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

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