APPX vs. NBIZ
APPX (Tradr 2X Long APP Daily ETF) and NBIZ (Tradr 2X Short NBIS Daily ETF) are both exchange-traded funds - APPX is a Leveraged Equities fund actively managed by Tradr, while NBIZ is a Inverse Equities fund tracking the Nebius Group N.V. (NBIS). APPX is actively managed, while NBIZ is passively managed. Their -0.28 correlation means they have often moved in opposite directions in the past. APPX charges 1.30%/yr vs 1.49%/yr for NBIZ.
Performance
APPX vs. NBIZ - Performance Comparison
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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%
NBIZ
- 1D
- 5.87%
- 1M
- -56.42%
- 6M
- -98.64%
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.97M | $11.90M | $22.03M | |
| $91.07M | $63.16M | $46.11M |
APPX vs. NBIZ - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
APPX Tradr 2X Long APP Daily ETF | -61.01% |
NBIZ Tradr 2X Short NBIS Daily ETF | -98.06% |
Correlation
The correlation between APPX and NBIZ is -0.28, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 22, 2026 | -0.28 |
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Return for Risk
APPX vs. NBIZ — Risk / Return Rank
APPX
NBIZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
APPX vs. NBIZ - 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 Short NBIS Daily ETF (NBIZ). 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 | NBIZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.08 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | — | — |
| Martin ratioReturn relative to average drawdown | -0.69 | — | — |
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Drawdowns
APPX vs. NBIZ - Drawdown Comparison
The maximum APPX drawdown since its inception was -83.74%, smaller than the maximum NBIZ drawdown of -98.93%. Use the drawdown chart below to compare losses from any high point for APPX and NBIZ.
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Drawdown Indicators
| APPX | NBIZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.74% | -98.93% | +15.19% |
Max Drawdown (1Y)Largest decline over 1 year | -83.74% | — | — |
Current DrawdownCurrent decline from peak | -81.71% | -98.87% | +17.16% |
Average DrawdownAverage peak-to-trough decline | -42.21% | -77.71% | +35.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 56.57% | — | — |
Volatility
APPX vs. NBIZ - Volatility Comparison
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Volatility by Period
| APPX | NBIZ | 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% | 237.39% | -92.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 139.35% | 237.39% | -98.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 139.35% | 237.39% | -98.04% |
APPX vs. NBIZ - Expense Ratio Comparison
APPX has a 1.30% expense ratio, which is lower than NBIZ's 1.49% expense ratio.
Dividends
APPX vs. NBIZ - Dividend Comparison
APPX's dividend yield for the trailing twelve months is around 39.88%, while NBIZ has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
APPX Tradr 2X Long APP Daily ETF | 39.88% | 9.38% |
NBIZ Tradr 2X Short NBIS Daily ETF | 0.00% | 0.00% |
Frequently Asked Questions
APPX and NBIZ have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, APPX is cheaper at 1.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
APPX is cheaper with a 1.30% expense ratio, compared with 1.49% for NBIZ.
APPX has the higher dividend yield at 39.88%, compared with 0.00% for NBIZ.
APPX is categorized as Leveraged Equities, while NBIZ is Inverse Equities. Their fees differ too: 1.30% for APPX and 1.49% for NBIZ.
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