APPX vs. ASTX
APPX (Tradr 2X Long APP Daily ETF) and ASTX (Tradr 2X Long ASTS Daily ETF) are both Leveraged Equities funds from Tradr. Both are actively managed. Over the past year, APPX returned -20.17% vs -45.46% for ASTX. At a 0.16 correlation, their price movements are largely independent. Both charge a 1.30% expense ratio.
Performance
APPX vs. ASTX - Performance Comparison
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Returns By Period
In the year-to-date period, APPX achieves a -72.35% return, which is significantly lower than ASTX's -60.68% return.
APPX
- 1D
- 2.51%
- 1M
- -23.54%
- 6M
- -71.45%
- YTD
- -72.35%
- 1Y
- -20.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ASTX
- 1D
- 3.41%
- 1M
- -37.42%
- 6M
- -74.25%
- YTD
- -60.68%
- 1Y
- -45.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
APPX vs. ASTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
APPX Tradr 2X Long APP Daily ETF | -72.35% | 202.70% |
ASTX Tradr 2X Long ASTS Daily ETF | -60.68% | 63.68% |
Correlation
The correlation between APPX and ASTX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025 | 0.16 |
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Return for Risk
APPX vs. ASTX — Risk / Return Rank
APPX
ASTX
APPX vs. ASTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long APP Daily ETF (APPX) and Tradr 2X Long ASTS Daily ETF (ASTX). 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.
| APPX | ASTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.14 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | -0.54 | +0.29 |
| Martin ratioReturn relative to average drawdown | -0.38 | -0.86 | +0.48 |
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Drawdowns
APPX vs. ASTX - Drawdown Comparison
The maximum APPX drawdown since its inception was -82.40%, roughly equal to the maximum ASTX drawdown of -84.62%. Use the drawdown chart below to compare losses from any high point for APPX and ASTX.
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Drawdown Indicators
| APPX | ASTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.40% | -84.62% | +2.22% |
Max Drawdown (1Y)Largest decline over 1 year | -82.40% | -84.62% | +2.22% |
Current DrawdownCurrent decline from peak | -78.50% | -84.09% | +5.59% |
Average DrawdownAverage peak-to-trough decline | -40.13% | -47.48% | +7.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.69% | 52.71% | -0.02% |
Volatility
APPX vs. ASTX - Volatility Comparison
The current volatility for Tradr 2X Long APP Daily ETF (APPX) is 47.95%, while Tradr 2X Long ASTS Daily ETF (ASTX) has a volatility of 69.37%. This indicates that APPX experiences smaller price fluctuations and is considered to be less risky than ASTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APPX | ASTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 47.95% | 69.37% | -21.42% |
Volatility (6M)Calculated over the trailing 6-month period | 127.31% | 162.51% | -35.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 145.69% | 215.53% | -69.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 141.53% | 215.21% | -73.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 141.53% | 215.21% | -73.68% |
APPX vs. ASTX - Expense Ratio Comparison
Both APPX and ASTX have an expense ratio of 1.30%.
Dividends
APPX vs. ASTX - Dividend Comparison
APPX's dividend yield for the trailing twelve months is around 33.93%, while ASTX has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
APPX Tradr 2X Long APP Daily ETF | 33.93% | 9.38% |
ASTX Tradr 2X Long ASTS Daily ETF | 0.00% | 0.00% |
Frequently Asked Questions
APPX and ASTX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASTX has higher volatility (69.37%) compared to APPX (47.95%). In terms of maximum drawdown, APPX dropped -82.40% vs ASTX's -84.62%.
On 1-year performance, APPX leads with -20.17% vs -45.46% for ASTX. Both ETFs have the same 1.30% expense ratio. On volatility, APPX has been the lower-risk option at 47.95%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, APPX has performed better with a -20.17% return vs -45.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
APPX and ASTX have the same expense ratio: 1.30% per year.
APPX has the higher dividend yield at 33.93%, compared with 0.00% for ASTX.
APPX currently has the higher Sharpe Ratio (-0.14 vs -0.21), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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