BEX vs. APPX
BEX (Tradr 2X Long BE Daily ETF) and APPX (Tradr 2X Long APP Daily ETF) are both Leveraged Equities funds from Tradr. Both are actively managed. Their 0.25 correlation means their historical movements had little consistent relationship. Both charge a 1.30% expense ratio.
Performance
BEX vs. APPX - Performance Comparison
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Returns By Period
BEX
- 1D
- 5.24%
- 1M
- -47.26%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
APPX
- 1D
- -0.59%
- 1M
- -43.51%
- 6M
- -19.37%
- YTD
- -76.48%
- 1Y
- -38.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.97M | $11.90M | $22.03M | |
| $88.11M | $76.67M | $68.15M |
BEX vs. APPX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BEX Tradr 2X Long BE Daily ETF | -61.33% |
APPX Tradr 2X Long APP Daily ETF | -33.40% |
Correlation
The correlation between BEX and APPX is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 26, 2026 | 0.25 |
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Return for Risk
BEX vs. APPX — Risk / Return Rank
BEX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
APPX
BEX vs. APPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long BE Daily ETF (BEX) and Tradr 2X Long APP Daily ETF (APPX). 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.
| BEX | APPX | 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
BEX vs. APPX - Drawdown Comparison
The maximum BEX drawdown since its inception was -82.16%, roughly equal to the maximum APPX drawdown of -83.74%. Use the drawdown chart below to compare losses from any high point for BEX and APPX.
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Drawdown Indicators
| BEX | APPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.16% | -83.74% | +1.58% |
Max Drawdown (1Y)Largest decline over 1 year | — | -83.74% | — |
Current DrawdownCurrent decline from peak | -65.14% | -81.71% | +16.57% |
Average DrawdownAverage peak-to-trough decline | -42.97% | -42.21% | -0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 56.57% | — |
Volatility
BEX vs. APPX - Volatility Comparison
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Volatility by Period
| BEX | APPX | 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 | 259.42% | 145.16% | +114.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 259.42% | 139.35% | +120.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 259.42% | 139.35% | +120.07% |
BEX vs. APPX - Expense Ratio Comparison
Both BEX and APPX have an expense ratio of 1.30%.
Dividends
BEX vs. APPX - Dividend Comparison
BEX has not paid dividends to shareholders, while APPX's dividend yield for the trailing twelve months is around 39.88%.
| Position | TTM | 2025 |
|---|---|---|
APPX Tradr 2X Long APP Daily ETF | 39.88% | 9.38% |
BEX Tradr 2X Long BE Daily ETF | 0.00% | 0.00% |
Frequently Asked Questions
BEX and APPX have a correlation of 0.25, 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.
BEX and APPX have the same expense ratio: 1.30% per year.
APPX has the higher dividend yield at 39.88%, compared with 0.00% for BEX.
Find the right allocation for BEX and APPX
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