APPX vs. GEVX
APPX (Tradr 2X Long APP Daily ETF) and GEVX (Tradr 2X Long GEV Daily ETF) are both Leveraged Equities funds from Tradr. Both are actively managed. At a 0.23 correlation, their price movements are largely independent. Both charge a 1.30% expense ratio.
Performance
APPX vs. GEVX - Performance Comparison
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Returns By Period
In the year-to-date period, APPX achieves a -53.50% return, which is significantly lower than GEVX's 93.22% return.
APPX
- 1D
- -3.79%
- 1M
- 30.52%
- YTD
- -53.50%
- 6M
- -55.75%
- 1Y
- -6.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GEVX
- 1D
- 0.30%
- 1M
- -24.33%
- YTD
- 93.22%
- 6M
- 99.00%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
APPX vs. GEVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
APPX Tradr 2X Long APP Daily ETF | -53.50% | 223.68% |
GEVX Tradr 2X Long GEV Daily ETF | 93.22% | 23.98% |
Correlation
The correlation between APPX and GEVX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 14, 2025 | 0.23 |
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Return for Risk
APPX vs. GEVX — Risk / Return Rank
APPX
GEVX
APPX vs. GEVX - 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 GEV Daily ETF (GEVX). 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 | GEVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.13 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | — | — |
| Martin ratioReturn relative to average drawdown | -0.12 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| APPX | GEVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.04 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 1.65 | -1.02 |
Drawdowns
APPX vs. GEVX - Drawdown Comparison
The maximum APPX drawdown since its inception was -82.40%, which is greater than GEVX's maximum drawdown of -36.42%. Use the drawdown chart below to compare losses from any high point for APPX and GEVX.
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Drawdown Indicators
| APPX | GEVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.40% | -36.42% | -45.98% |
Max Drawdown (1Y)Largest decline over 1 year | -82.40% | — | — |
Current DrawdownCurrent decline from peak | -63.84% | -31.93% | -31.91% |
Average DrawdownAverage peak-to-trough decline | -37.32% | -14.37% | -22.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.83% | — | — |
Volatility
APPX vs. GEVX - Volatility Comparison
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Volatility by Period
| APPX | GEVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 41.73% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 121.72% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 141.05% | 100.44% | +40.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 140.44% | 100.44% | +40.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 140.44% | 100.44% | +40.00% |
APPX vs. GEVX - Expense Ratio Comparison
Both APPX and GEVX have an expense ratio of 1.30%.
Dividends
APPX vs. GEVX - Dividend Comparison
APPX's dividend yield for the trailing twelve months is around 20.17%, while GEVX has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
APPX Tradr 2X Long APP Daily ETF | 20.17% | 9.38% |
GEVX Tradr 2X Long GEV Daily ETF | 0.00% | 0.00% |
Frequently Asked Questions
APPX and GEVX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 1.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
APPX and GEVX have the same expense ratio: 1.30% per year.
APPX has the higher dividend yield at 20.17%, compared with 0.00% for GEVX.
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