AXTX vs. AAOX

Last updated Jun 6, 2026

AXTX (Tradr 2X Long AXTI Daily ETF) and AAOX (Tradr 2X Long AAOI Daily ETF) are both Leveraged Equities funds from Tradr - AXTX tracks the AXT, Inc. (AXTI) while AAOX tracks the Applied Optoelectronics, Inc. (AAOI). Both are passively managed. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 1.49% expense ratio.

Performance

AXTX vs. AAOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long AXTI Daily ETF (AXTX) and Tradr 2X Long AAOI Daily ETF (AAOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AXTX

• 1D: -32.66%
• 1M: -40.98%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AAOX

• 1D: -25.66%
• 1M: -20.73%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AXTX vs. AAOX - Yearly Performance Comparison

	2026 (YTD)
AXTX Tradr 2X Long AXTI Daily ETF	3.62%
AAOX Tradr 2X Long AAOI Daily ETF	-9.43%

Correlation

The correlation between AXTX and AAOX is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 27, 2026	0.54

Return for Risk

AXTX vs. AAOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long AXTI Daily ETF (AXTX) and Tradr 2X Long AAOI Daily ETF (AAOX). 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.

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

Sharpe Ratios by Period

	AXTX	AAOX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	2.30	-2.17

Drawdowns

AXTX vs. AAOX - Drawdown Comparison

The maximum AXTX drawdown since its inception was -63.52%, which is greater than AAOX's maximum drawdown of -52.25%. Use the drawdown chart below to compare losses from any high point for AXTX and AAOX.

Drawdown Indicators

	AXTX	AAOX	Difference
Max Drawdown Largest peak-to-trough decline	-63.52%	-52.25%	-11.27%
Current Drawdown Current decline from peak	-63.52%	-44.87%	-18.65%
Average Drawdown Average peak-to-trough decline	-18.96%	-21.84%	+2.88%

Volatility

Volatility by Period

	AXTX	AAOX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	289.52%	297.37%	-7.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	289.52%	297.37%	-7.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	289.52%	297.37%	-7.85%

AXTX vs. AAOX - Expense Ratio Comparison

Both AXTX and AAOX have an expense ratio of 1.49%.

Dividends

AXTX vs. AAOX - Dividend Comparison

Neither AXTX nor AAOX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AXTX and AAOX in my portfolio?

AXTX and AAOX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AXTX or AAOX?

Both ETFs have the same 1.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AXTX or AAOX?

AXTX and AAOX have the same expense ratio: 1.49% per year.

Which ETF pays a higher dividend yield, AXTX or AAOX?

AXTX and AAOX have nearly identical dividend yields, around 0.00%.

What is the main difference between AXTX and AAOX?

AXTX tracks AXT, Inc. (AXTI), while AAOX tracks Applied Optoelectronics, Inc. (AAOI).