APLZ vs. NVTX

Last updated Jun 6, 2026

APLZ (Tradr 2X Short APLD Daily ETF) and NVTX (Tradr 2X Long NVTS Daily ETF) are both exchange-traded funds - APLZ is a Inverse Equities fund tracking the Applied Digital Corporation (APLD), while NVTX is a Leveraged Equities fund actively managed by Tradr. APLZ is passively managed, while NVTX is actively managed. At a correlation of -0.46, they often move in opposite directions. APLZ charges 1.49%/yr vs 1.30%/yr for NVTX.

Performance

APLZ vs. NVTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Short APLD Daily ETF (APLZ) and Tradr 2X Long NVTS Daily ETF (NVTX). 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*: —

NVTX

• 1D: -36.75%
• 1M: 69.29%
• YTD: 407.23%
• 6M: 174.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

APLZ vs. NVTX - Yearly Performance Comparison

	2026 (YTD)
APLZ Tradr 2X Short APLD Daily ETF	-85.33%
NVTX Tradr 2X Long NVTS Daily ETF	123.82%

Correlation

The correlation between APLZ and NVTX is -0.46, 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	-0.46

Return for Risk

APLZ vs. NVTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Short APLD Daily ETF (APLZ) and Tradr 2X Long NVTS Daily ETF (NVTX). 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	NVTX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.44	2.50	-2.93

Drawdowns

APLZ vs. NVTX - Drawdown Comparison

The maximum APLZ drawdown since its inception was -91.78%, roughly equal to the maximum NVTX drawdown of -89.20%. Use the drawdown chart below to compare losses from any high point for APLZ and NVTX.

Drawdown Indicators

	APLZ	NVTX	Difference
Max Drawdown Largest peak-to-trough decline	-91.78%	-89.20%	-2.58%
Current Drawdown Current decline from peak	-87.79%	-44.09%	-43.70%
Average Drawdown Average peak-to-trough decline	-53.63%	-60.50%	+6.87%

Volatility

Volatility by Period

	APLZ	NVTX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	229.43%	269.33%	-39.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	229.43%	269.33%	-39.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	229.43%	269.33%	-39.90%

APLZ vs. NVTX - Expense Ratio Comparison

APLZ has a 1.49% expense ratio, which is higher than NVTX's 1.30% expense ratio.

Dividends

APLZ vs. NVTX - Dividend Comparison

APLZ has not paid dividends to shareholders, while NVTX's dividend yield for the trailing twelve months is around 3.36%.

Position	TTM	2025
APLZ Tradr 2X Short APLD Daily ETF	0.00%	0.00%
NVTX Tradr 2X Long NVTS Daily ETF	3.36%	17.05%

Frequently Asked Questions

Can I hold both APLZ and NVTX in my portfolio?

APLZ and NVTX have a correlation of -0.46, 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 NVTX?

On fees, NVTX is cheaper at 1.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, APLZ or NVTX?

NVTX is cheaper with a 1.30% expense ratio, compared with 1.49% for APLZ.

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

NVTX has the higher dividend yield at 3.36%, compared with 0.00% for APLZ.

What is the main difference between APLZ and NVTX?

APLZ is categorized as Inverse Equities, while NVTX is Leveraged Equities. Their fees differ too: 1.49% for APLZ and 1.30% for NVTX.