APPX vs. UPSX
APPX (Tradr 2X Long APP Daily ETF) and UPSX (Tradr 2X Long UPST Daily ETF) are both Leveraged Equities funds from Tradr. Both are actively managed. At a 0.32 correlation, their price movements are largely independent. Both charge a 1.30% expense ratio.
Performance
APPX vs. UPSX - Performance Comparison
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Returns By Period
In the year-to-date period, APPX achieves a -51.66% return, which is significantly higher than UPSX's -64.53% return.
APPX
- 1D
- -11.50%
- 1M
- 36.86%
- YTD
- -51.66%
- 6M
- -50.93%
- 1Y
- 6.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UPSX
- 1D
- -12.72%
- 1M
- -15.45%
- YTD
- -64.53%
- 6M
- -68.06%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
APPX vs. UPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
APPX Tradr 2X Long APP Daily ETF | -51.66% | 139.91% |
UPSX Tradr 2X Long UPST Daily ETF | -64.53% | -60.75% |
Correlation
The correlation between APPX and UPSX is 0.32, 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 Jun 11, 2025 | 0.32 |
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Return for Risk
APPX vs. UPSX — Risk / Return Rank
APPX
UPSX
APPX vs. UPSX - 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 UPST Daily ETF (UPSX). 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 | UPSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.15 | — | — |
| 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 | UPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.04 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | -0.62 | +1.29 |
Drawdowns
APPX vs. UPSX - Drawdown Comparison
The maximum APPX drawdown since its inception was -82.40%, smaller than the maximum UPSX drawdown of -95.01%. Use the drawdown chart below to compare losses from any high point for APPX and UPSX.
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Drawdown Indicators
| APPX | UPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.40% | -95.01% | +12.61% |
Max Drawdown (1Y)Largest decline over 1 year | -82.40% | — | — |
Current DrawdownCurrent decline from peak | -62.42% | -93.01% | +30.59% |
Average DrawdownAverage peak-to-trough decline | -37.22% | -66.03% | +28.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.66% | — | — |
Volatility
APPX vs. UPSX - Volatility Comparison
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Volatility by Period
| APPX | UPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 41.38% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 122.02% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 141.00% | 140.77% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 140.63% | 140.77% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 140.63% | 140.77% | -0.14% |
APPX vs. UPSX - Expense Ratio Comparison
Both APPX and UPSX have an expense ratio of 1.30%.
Dividends
APPX vs. UPSX - Dividend Comparison
APPX's dividend yield for the trailing twelve months is around 19.41%, while UPSX has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
APPX Tradr 2X Long APP Daily ETF | 19.41% | 9.38% |
UPSX Tradr 2X Long UPST Daily ETF | 0.00% | 0.00% |
Frequently Asked Questions
APPX and UPSX have a correlation of 0.32, 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 UPSX have the same expense ratio: 1.30% per year.
APPX has the higher dividend yield at 19.41%, compared with 0.00% for UPSX.
Find the right allocation for APPX and UPSX
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