APLZ vs. UPSX
APLZ (Tradr 2X Short APLD Daily ETF) and UPSX (Tradr 2X Long UPST Daily ETF) are both exchange-traded funds - APLZ is a Inverse Equities fund tracking the Applied Digital Corporation (APLD), while UPSX is a Leveraged Equities fund actively managed by Tradr. APLZ is passively managed, while UPSX is actively managed. At a correlation of -0.32, they often move in opposite directions. APLZ charges 1.49%/yr vs 1.30%/yr for UPSX.
Performance
APLZ vs. UPSX - Performance Comparison
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Returns By Period
APLZ
- 1D
- 5.04%
- 1M
- 4.16%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UPSX
- 1D
- 2.52%
- 1M
- 9.80%
- YTD
- -59.70%
- 6M
- -67.07%
- 1Y
- -86.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
APLZ vs. UPSX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
APLZ Tradr 2X Short APLD Daily ETF | -86.93% |
UPSX Tradr 2X Long UPST Daily ETF | -62.39% |
Correlation
The correlation between APLZ and UPSX is -0.32, 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 22, 2026 | -0.32 |
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Return for Risk
APLZ vs. UPSX — Risk / Return Rank
APLZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
UPSX
APLZ vs. UPSX - 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 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.
| APLZ | UPSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.89 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.91 | — |
| Martin ratioReturn relative to average drawdown | — | -1.14 | — |
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Drawdowns
APLZ vs. UPSX - Drawdown Comparison
The maximum APLZ drawdown since its inception was -91.78%, roughly equal to the maximum UPSX drawdown of -95.01%. Use the drawdown chart below to compare losses from any high point for APLZ and UPSX.
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Drawdown Indicators
| APLZ | UPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.78% | -95.01% | +3.23% |
Max Drawdown (1Y)Largest decline over 1 year | — | -95.01% | — |
Current DrawdownCurrent decline from peak | -89.49% | -92.06% | +2.57% |
Average DrawdownAverage peak-to-trough decline | -57.58% | -67.31% | +9.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 75.40% | — |
Volatility
APLZ vs. UPSX - Volatility Comparison
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Volatility by Period
| APLZ | UPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 41.86% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 102.28% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 219.87% | 139.08% | +80.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 219.87% | 140.76% | +79.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 219.87% | 140.76% | +79.11% |
APLZ vs. UPSX - Expense Ratio Comparison
APLZ has a 1.49% expense ratio, which is higher than UPSX's 1.30% expense ratio.
Dividends
APLZ vs. UPSX - Dividend Comparison
Neither APLZ nor UPSX has paid dividends to shareholders.
Frequently Asked Questions
APLZ 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.
On fees, UPSX is cheaper at 1.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UPSX is cheaper with a 1.30% expense ratio, compared with 1.49% for APLZ.
APLZ and UPSX have nearly identical dividend yields, around 0.00%.
APLZ is categorized as Inverse Equities, while UPSX is Leveraged Equities. Their fees differ too: 1.49% for APLZ and 1.30% for UPSX.
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