APPX vs. BRKL

Last updated Aug 6, 2026

APPX (Tradr 2X Long APP Daily ETF) and BRKL (Corgi BRKB 2x Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their 0.05 correlation means their historical movements had little consistent relationship. APPX charges 1.30%/yr vs 0.45%/yr for BRKL.

Performance

APPX vs. BRKL - Performance Comparison

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

Returns By Period

APPX

• 1D: -0.59%
• 1M: -43.51%
• 6M: -19.37%
• YTD: -76.48%
• 1Y: -38.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.63%

BRKL

• 1D: 0.57%
• 1M: 4.11%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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	$14.97M	$11.90M	$22.03M
BRKL Corgi BRKB 2x Daily ETF	$8.20K	$16.10K	$16.10K

APPX vs. BRKL - Yearly Performance Comparison

	2026 (YTD)
APPX Tradr 2X Long APP Daily ETF	-43.51%
BRKL Corgi BRKB 2x Daily ETF	4.11%

Correlation

The correlation between APPX and BRKL is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 7, 2026	0.05

Return for Risk

APPX vs. BRKL — 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

BRKL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. BRKL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long APP Daily ETF (APPX) and Corgi BRKB 2x Daily ETF (BRKL). 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	BRKL	Difference
Sharpe ratio: Return per unit of total volatility	-0.27	—	—
Sortino ratio: Return per unit of downside risk	0.58	—	—
Omega ratio: Gain probability vs. loss probability	1.08	—	—
Calmar ratio: Return relative to maximum drawdown	-0.47	—	—
Martin ratio: Return relative to average drawdown	-0.69	—	—

Drawdowns

APPX vs. BRKL - Drawdown Comparison

The maximum APPX drawdown since its inception was -83.74%, which is greater than BRKL's maximum drawdown of -7.03%. Use the drawdown chart below to compare losses from any high point for APPX and BRKL.

Drawdown Indicators

	APPX	BRKL	Difference
Max Drawdown Largest peak-to-trough decline	-83.74%	-7.03%	-76.71%
Max Drawdown (1Y) Largest decline over 1 year	-83.74%	—	—
Current Drawdown Current decline from peak	-81.71%	0.00%	-81.71%
Average Drawdown Average peak-to-trough decline	-42.21%	-3.57%	-38.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	56.57%	—	—

Volatility

Volatility by Period

	APPX	BRKL	Difference
Volatility (1M) Calculated over the trailing 1-month period	36.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	119.13%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	145.16%	29.20%	+115.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	139.35%	29.20%	+110.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	139.35%	29.20%	+110.15%

APPX vs. BRKL - Expense Ratio Comparison

APPX has a 1.30% expense ratio, which is higher than BRKL's 0.45% expense ratio.

Dividends

APPX vs. BRKL - Dividend Comparison

APPX's dividend yield for the trailing twelve months is around 39.88%, while BRKL has not paid dividends to shareholders.

Position	TTM	2025
APPX Tradr 2X Long APP Daily ETF	39.88%	9.38%
BRKL Corgi BRKB 2x Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both APPX and BRKL in my portfolio?

APPX and BRKL have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, APPX or BRKL?

On fees, BRKL is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, APPX or BRKL?

BRKL is cheaper with a 0.45% expense ratio, compared with 1.30% for APPX.

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

APPX has the higher dividend yield at 39.88%, compared with 0.00% for BRKL.

What is the main difference between APPX and BRKL?

They also come from different issuers: Tradr and Corgi. Their fees differ too: 1.30% for APPX and 0.45% for BRKL.