APPX vs. BAMU

Last updated Jun 4, 2026

APPX (Tradr 2X Long APP Daily ETF) and BAMU (Brookstone Ultra-Short Bond ETF) are both exchange-traded funds - APPX is a Leveraged Equities fund actively managed by Tradr, while BAMU is a Ultrashort Bond fund actively managed by Brookstone. Both are actively managed. Over the past year, APPX returned 6.06% vs 2.93% for BAMU. At a correlation of -0.14, they often move in opposite directions. APPX charges 1.30%/yr vs 1.09%/yr for BAMU.

Performance

APPX vs. BAMU - Performance Comparison

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

Returns By Period

In the year-to-date period, APPX achieves a -51.66% return, which is significantly lower than BAMU's 1.06% return.

APPX

• 1D: -11.50%
• 1M: 36.86%
• YTD: -51.66%
• 6M: -50.93%
• 1Y: 6.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BAMU

• 1D: 0.02%
• 1M: 0.20%
• YTD: 1.06%
• 6M: 1.25%
• 1Y: 2.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

APPX vs. BAMU - Yearly Performance Comparison

	2026 (YTD)	2025
APPX Tradr 2X Long APP Daily ETF	-51.66%	329.60%
BAMU Brookstone Ultra-Short Bond ETF	1.06%	2.05%

Correlation

The correlation between APPX and BAMU 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 (1Y) Calculated over the trailing 1-year period	-0.14
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025	-0.14

Return for Risk

APPX vs. BAMU — Risk / Return Rank

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

APPX

APPX Risk / Return Rank: 14
APPX Sharpe Ratio Rank: 9
APPX Sortino Ratio Rank: 21
APPX Omega Ratio Rank: 23
APPX Calmar Ratio Rank: 10
APPX Martin Ratio Rank: 10

BAMU

BAMU Risk / Return Rank: 98
BAMU Sharpe Ratio Rank: 97
BAMU Sortino Ratio Rank: 98
BAMU Omega Ratio Rank: 98
BAMU Calmar Ratio Rank: 99
BAMU Martin Ratio Rank: 99

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.

APPX vs. BAMU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long APP Daily ETF (APPX) and Brookstone Ultra-Short Bond ETF (BAMU). 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.

	APPX	BAMU	Difference
Sharpe ratio: Return per unit of total volatility	0.04	4.98	-4.94
Sortino ratio: Return per unit of downside risk	1.09	8.77	-7.68
Omega ratio: Gain probability vs. loss probability	1.15	2.41	-1.26
Calmar ratio: Return relative to maximum drawdown	0.07	24.89	-24.82
Martin ratio: Return relative to average drawdown	0.12	97.89	-97.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

APPX vs. BAMU - Sharpe Ratio Comparison

The current APPX Sharpe Ratio is 0.04, which is lower than the BAMU Sharpe Ratio of 4.98. The chart below compares the historical Sharpe Ratios of APPX and BAMU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	APPX	BAMU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.04	4.98	-4.94
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	4.14	-3.47

Drawdowns

APPX vs. BAMU - Drawdown Comparison

The maximum APPX drawdown since its inception was -82.40%, which is greater than BAMU's maximum drawdown of -0.36%. Use the drawdown chart below to compare losses from any high point for APPX and BAMU.

Drawdown Indicators

	APPX	BAMU	Difference
Max Drawdown Largest peak-to-trough decline	-82.40%	-0.36%	-82.04%
Max Drawdown (1Y) Largest decline over 1 year	-82.40%	-0.12%	-82.28%
Current Drawdown Current decline from peak	-62.42%	0.00%	-62.42%
Average Drawdown Average peak-to-trough decline	-37.22%	-0.02%	-37.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	48.66%	0.03%	+48.63%

Volatility

APPX vs. BAMU - Volatility Comparison

Tradr 2X Long APP Daily ETF (APPX) has a higher volatility of 41.38% compared to Brookstone Ultra-Short Bond ETF (BAMU) at 0.07%. This indicates that APPX's price experiences larger fluctuations and is considered to be riskier than BAMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APPX	BAMU	Difference
Volatility (1M) Calculated over the trailing 1-month period	41.38%	0.07%	+41.31%
Volatility (6M) Calculated over the trailing 6-month period	122.02%	0.43%	+121.59%
Volatility (1Y) Calculated over the trailing 1-year period	141.00%	0.59%	+140.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	140.63%	0.87%	+139.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	140.63%	0.87%	+139.76%

APPX vs. BAMU - Expense Ratio Comparison

APPX has a 1.30% expense ratio, which is higher than BAMU's 1.09% expense ratio.

Dividends

APPX vs. BAMU - Dividend Comparison

APPX's dividend yield for the trailing twelve months is around 19.41%, more than BAMU's 3.06% yield.

Position	TTM	2025	2024	2023
APPX Tradr 2X Long APP Daily ETF	19.41%	9.38%	0.00%	0.00%
BAMU Brookstone Ultra-Short Bond ETF	3.06%	3.20%	3.97%	0.84%

Frequently Asked Questions

Can I hold both APPX and BAMU in my portfolio?

APPX and BAMU 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 is riskier, APPX or BAMU?

APPX has higher volatility (41.38%) compared to BAMU (0.07%). In terms of maximum drawdown, APPX dropped -82.40% vs BAMU's -0.36%.

Which ETF is better, APPX or BAMU?

On 1-year performance, APPX leads with 6.06% vs 2.93% for BAMU. On fees, BAMU is cheaper at 1.09% per year. On volatility, BAMU has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, APPX or BAMU?

Over the 1-year period, APPX has performed better with a 6.06% return vs 2.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, APPX or BAMU?

BAMU is cheaper with a 1.09% expense ratio, compared with 1.30% for APPX.

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

APPX has the higher dividend yield at 19.41%, compared with 3.06% for BAMU.

What is the main difference between APPX and BAMU?

APPX is categorized as Leveraged Equities, while BAMU is Ultrashort Bond. They also come from different issuers: Tradr and Brookstone. Their fees differ too: 1.30% for APPX and 1.09% for BAMU.

Which has better risk-adjusted returns?

BAMU currently has the higher Sharpe Ratio (4.98 vs 0.04), 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.