APLZ vs. BRKD

Last updated Jun 6, 2026

APLZ (Tradr 2X Short APLD Daily ETF) and BRKD (Direxion Daily BRKB Bear 1X Shares) are both Inverse Equities funds - APLZ tracks the Applied Digital Corporation (APLD) while BRKD tracks the Berkshire Hathaway Inc. Class B (-100%). Both are passively managed. At a correlation of -0.14, they often move in opposite directions. APLZ charges 1.49%/yr vs 1.00%/yr for BRKD.

Performance

APLZ vs. BRKD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Short APLD Daily ETF (APLZ) and Direxion Daily BRKB Bear 1X Shares (BRKD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

APLZ

• 1D: 21.29%
• 1M: -13.55%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BRKD

• 1D: 0.00%
• 1M: 0.00%
• YTD: 5.90%
• 6M: 6.41%
• 1Y: 5.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

APLZ vs. BRKD - Yearly Performance Comparison

	2026 (YTD)
APLZ Tradr 2X Short APLD Daily ETF	-85.33%
BRKD Direxion Daily BRKB Bear 1X Shares	1.62%

Correlation

The correlation between APLZ and BRKD is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 23, 2026	-0.14

Return for Risk

APLZ vs. BRKD — Risk / Return Rank

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

BRKD

BRKD Risk / Return Rank: 17
BRKD Sharpe Ratio Rank: 16
BRKD Sortino Ratio Rank: 17
BRKD Omega Ratio Rank: 17
BRKD Calmar Ratio Rank: 17
BRKD Martin Ratio Rank: 15

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.

APLZ vs. BRKD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Short APLD Daily ETF (APLZ) and Direxion Daily BRKB Bear 1X Shares (BRKD). 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

	APLZ	BRKD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.44	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.44	0.04	-0.47

Drawdowns

APLZ vs. BRKD - Drawdown Comparison

The maximum APLZ drawdown since its inception was -91.78%, which is greater than BRKD's maximum drawdown of -17.92%. Use the drawdown chart below to compare losses from any high point for APLZ and BRKD.

Drawdown Indicators

	APLZ	BRKD	Difference
Max Drawdown Largest peak-to-trough decline	-91.78%	-17.92%	-73.86%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.34%	—
Current Drawdown Current decline from peak	-87.79%	-3.69%	-84.10%
Average Drawdown Average peak-to-trough decline	-53.63%	-7.72%	-45.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.79%	—

Volatility

Volatility by Period

	APLZ	BRKD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	229.43%	13.22%	+216.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	229.43%	17.21%	+212.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	229.43%	17.21%	+212.22%

APLZ vs. BRKD - Expense Ratio Comparison

APLZ has a 1.49% expense ratio, which is higher than BRKD's 1.00% expense ratio.

Dividends

APLZ vs. BRKD - Dividend Comparison

APLZ has not paid dividends to shareholders, while BRKD's dividend yield for the trailing twelve months is around 2.82%.

Position	TTM	2025
APLZ Tradr 2X Short APLD Daily ETF	0.00%	0.00%
BRKD Direxion Daily BRKB Bear 1X Shares	2.82%	3.50%

Frequently Asked Questions

Can I hold both APLZ and BRKD in my portfolio?

APLZ and BRKD have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, APLZ or BRKD?

On fees, BRKD is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, APLZ or BRKD?

BRKD is cheaper with a 1.00% expense ratio, compared with 1.49% for APLZ.

Which ETF pays a higher dividend yield, APLZ or BRKD?

BRKD has the higher dividend yield at 2.82%, compared with 0.00% for APLZ.

What is the main difference between APLZ and BRKD?

APLZ tracks Applied Digital Corporation (APLD), while BRKD tracks Berkshire Hathaway Inc. Class B (-100%). They also come from different issuers: Tradr and Direxion. Their fees differ too: 1.49% for APLZ and 1.00% for BRKD.