APPX vs. ASTX

Last updated Aug 4, 2026

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 -42.09% vs -63.71% for ASTX. Their 0.18 correlation means their historical movements had little consistent relationship. Both charge a 1.30% expense ratio.

Performance

APPX vs. ASTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long APP Daily ETF (APPX) and Tradr 2X Long ASTS Daily ETF (ASTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, APPX achieves a -77.68% return, which is significantly lower than ASTX's -69.53% return.

APPX

• 1D: 5.32%
• 1M: -42.98%
• 6M: -52.61%
• YTD: -77.68%
• 1Y: -42.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -0.54%

ASTX

• 1D: 14.93%
• 1M: -50.83%
• 6M: -83.03%
• YTD: -69.53%
• 1Y: -63.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -48.04%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
APPX Tradr 2X Long APP Daily ETF	$8.68M	$9.10M	$24.22M
ASTX Tradr 2X Long ASTS Daily ETF	$49.80M	$66.60M	$197.13M

APPX vs. ASTX - Yearly Performance Comparison

	2026 (YTD)	2025
APPX Tradr 2X Long APP Daily ETF	-77.68%	202.70%
ASTX Tradr 2X Long ASTS Daily ETF	-69.53%	63.68%

Correlation

The correlation between APPX and ASTX is 0.19, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.19
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	0.18

Return for Risk

APPX vs. ASTX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

APPX

APPX Risk / Return Rank: 10
APPX Sharpe Ratio Rank: 7
APPX Sortino Ratio Rank: 16
APPX Omega Ratio Rank: 17
APPX Calmar Ratio Rank: 5
APPX Martin Ratio Rank: 6

ASTX

ASTX Risk / Return Rank: 12
ASTX Sharpe Ratio Rank: 7
ASTX Sortino Ratio Rank: 25
ASTX Omega Ratio Rank: 23
ASTX Calmar Ratio Rank: 4
ASTX Martin Ratio Rank: 3

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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 ratio: Return per unit of total volatility	-0.29	-0.29	0.00
Sortino ratio: Return per unit of downside risk	0.54	0.95	-0.42
Omega ratio: Gain probability vs. loss probability	1.07	1.11	-0.04
Calmar ratio: Return relative to maximum drawdown	-0.50	-0.70	+0.20
Martin ratio: Return relative to average drawdown	-0.75	-1.16	+0.41

APPX vs. ASTX - Sharpe Ratio Comparison

The current APPX Sharpe Ratio is -0.29, which is comparable to the ASTX Sharpe Ratio of -0.29. The chart below compares the historical Sharpe Ratios of APPX and ASTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

APPX vs. ASTX - Drawdown Comparison

The maximum APPX drawdown since its inception was -83.74%, smaller than the maximum ASTX drawdown of -91.24%. Use the drawdown chart below to compare losses from any high point for APPX and ASTX.

Drawdown Indicators

	APPX	ASTX	Difference
Max Drawdown Largest peak-to-trough decline	-83.74%	-91.24%	+7.50%
Max Drawdown (1Y) Largest decline over 1 year	-83.74%	-91.24%	+7.50%
Current Drawdown Current decline from peak	-82.65%	-87.67%	+5.02%
Average Drawdown Average peak-to-trough decline	-41.96%	-49.65%	+7.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	56.10%	54.86%	+1.24%

Volatility

APPX vs. ASTX - Volatility Comparison

The current volatility for Tradr 2X Long APP Daily ETF (APPX) is 36.38%, while Tradr 2X Long ASTS Daily ETF (ASTX) has a volatility of 62.80%. 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.

Volatility by Period

	APPX	ASTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	36.38%	62.80%	-26.42%
Volatility (6M) Calculated over the trailing 6-month period	119.34%	163.28%	-43.94%
Volatility (1Y) Calculated over the trailing 1-year period	145.58%	219.82%	-74.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	139.70%	215.76%	-76.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	139.70%	215.76%	-76.06%

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 42.03%, while ASTX has not paid dividends to shareholders.

Position	TTM	2025
APPX Tradr 2X Long APP Daily ETF	42.03%	9.38%
ASTX Tradr 2X Long ASTS Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both APPX and ASTX in my portfolio?

APPX and ASTX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, APPX or ASTX?

ASTX has higher volatility (62.80%) compared to APPX (36.38%). In terms of maximum drawdown, APPX dropped -83.74% vs ASTX's -91.24%.

Which ETF is better, APPX or ASTX?

On 1-year performance, APPX leads with -42.09% vs -63.71% for ASTX. Both ETFs have the same 1.30% expense ratio. On volatility, APPX has been the lower-risk option at 36.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, APPX or ASTX?

Over the 1-year period, APPX has performed better with a -42.09% return vs -63.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, APPX or ASTX?

APPX and ASTX have the same expense ratio: 1.30% per year.

Which ETF pays a higher dividend yield, APPX or ASTX?

APPX has the higher dividend yield at 42.03%, compared with 0.00% for ASTX.

Which has better risk-adjusted returns?

APPX currently has the higher Sharpe Ratio (-0.29 vs -0.29), 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.