APPX vs. HDV
APPX (Tradr 2X Long APP Daily ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - APPX is a Leveraged Equities fund actively managed by Tradr, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. APPX is actively managed, while HDV is passively managed. Over the past year, APPX returned -6.08% vs 22.15% for HDV. At a correlation of -0.13, they often move in opposite directions. APPX charges 1.30%/yr vs 0.08%/yr for HDV.
Performance
APPX vs. HDV - 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 HDV's 13.48% return.
APPX
- 1D
- -3.79%
- 1M
- 30.52%
- YTD
- -53.50%
- 6M
- -55.75%
- 1Y
- -6.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDV
- 1D
- 0.70%
- 1M
- 0.51%
- YTD
- 13.48%
- 6M
- 13.49%
- 1Y
- 22.15%
- 3Y*
- 15.28%
- 5Y*
- 10.47%
- 10Y*
- 9.29%
APPX vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
APPX Tradr 2X Long APP Daily ETF | -53.50% | 329.60% |
HDV iShares Core High Dividend ETF | 13.48% | 9.61% |
Correlation
The correlation between APPX and HDV is -0.15, 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 | -0.15 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025 | -0.13 |
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Return for Risk
APPX vs. HDV — Risk / Return Rank
APPX
HDV
APPX vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long APP Daily ETF (APPX) and iShares Core High Dividend ETF (HDV). 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 | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.33 | ||
| Sortino ratioReturn per unit of downside risk | -2.42 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.39 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 4.30 | -4.37 |
| Martin ratioReturn relative to average drawdown | -0.12 | 11.97 | -12.09 |
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 | HDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.04 | 2.29 | -2.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.82 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.73 | -0.10 |
Drawdowns
APPX vs. HDV - Drawdown Comparison
The maximum APPX drawdown since its inception was -82.40%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for APPX and HDV.
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Drawdown Indicators
| APPX | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.40% | -37.04% | -45.36% |
Max Drawdown (1Y)Largest decline over 1 year | -82.40% | -5.18% | -77.22% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.49% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.04% | — |
Current DrawdownCurrent decline from peak | -63.84% | -1.86% | -61.98% |
Average DrawdownAverage peak-to-trough decline | -37.32% | -3.09% | -34.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.83% | 1.86% | +46.97% |
Volatility
APPX vs. HDV - Volatility Comparison
Tradr 2X Long APP Daily ETF (APPX) has a higher volatility of 41.73% compared to iShares Core High Dividend ETF (HDV) at 3.23%. This indicates that APPX's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APPX | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 41.73% | 3.23% | +38.50% |
Volatility (6M)Calculated over the trailing 6-month period | 121.72% | 7.54% | +114.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 141.05% | 9.75% | +131.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 140.44% | 12.82% | +127.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 140.44% | 15.73% | +124.71% |
APPX vs. HDV - Expense Ratio Comparison
APPX has a 1.30% expense ratio, which is higher than HDV's 0.08% expense ratio.
Dividends
APPX vs. HDV - Dividend Comparison
APPX's dividend yield for the trailing twelve months is around 20.17%, more than HDV's 2.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APPX Tradr 2X Long APP Daily ETF | 20.17% | 9.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HDV iShares Core High Dividend ETF | 2.89% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
Frequently Asked Questions
APPX and HDV have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APPX has higher volatility (41.73%) compared to HDV (3.23%). In terms of maximum drawdown, APPX dropped -82.40% vs HDV's -37.04%.
On 1-year performance, HDV leads with 22.15% vs -6.08% for APPX. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 3.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HDV has performed better with a 22.15% return vs -6.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HDV is cheaper with a 0.08% expense ratio, compared with 1.30% for APPX.
APPX has the higher dividend yield at 20.17%, compared with 2.89% for HDV.
APPX is categorized as Leveraged Equities, while HDV is Dividend. They also come from different issuers: Tradr and iShares. Their fees differ too: 1.30% for APPX and 0.08% for HDV.
HDV currently has the higher Sharpe Ratio (2.29 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.
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