BEZ vs. APPX

Last updated Jun 26, 2026

BEZ (Tradr 2X Short BE Daily ETF) and APPX (Tradr 2X Long APP Daily ETF) are both exchange-traded funds - BEZ is a Inverse Equities fund tracking the Bloom Energy Corporation (BE), while APPX is a Leveraged Equities fund actively managed by Tradr. BEZ is passively managed, while APPX is actively managed. At a correlation of -0.10, they often move in opposite directions. BEZ charges 1.49%/yr vs 1.30%/yr for APPX.

Performance

BEZ vs. APPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Short BE Daily ETF (BEZ) and Tradr 2X Long APP Daily ETF (APPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BEZ

• 1D: 10.37%
• 1M: -25.67%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

APPX

• 1D: -8.17%
• 1M: -28.01%
• YTD: -71.23%
• 6M: -75.42%
• 1Y: -10.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BEZ vs. APPX - Yearly Performance Comparison

	2026 (YTD)
BEZ Tradr 2X Short BE Daily ETF	-95.00%
APPX Tradr 2X Long APP Daily ETF	-32.25%

Correlation

The correlation between BEZ and APPX is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 11, 2026	-0.10

Return for Risk

BEZ vs. APPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BEZ

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

APPX

APPX Risk / Return Rank: 12
APPX Sharpe Ratio Rank: 9
APPX Sortino Ratio Rank: 18
APPX Omega Ratio Rank: 18
APPX Calmar Ratio Rank: 8
APPX Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BEZ vs. APPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Short BE Daily ETF (BEZ) 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.

	BEZ	APPX	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.07	—
Sortino ratio: Return per unit of downside risk	—	0.92	—
Omega ratio: Gain probability vs. loss probability	—	1.12	—
Calmar ratio: Return relative to maximum drawdown	—	-0.12	—
Martin ratio: Return relative to average drawdown	—	-0.20	—

Drawdowns

BEZ vs. APPX - Drawdown Comparison

The maximum BEZ drawdown since its inception was -96.31%, which is greater than APPX's maximum drawdown of -82.40%. Use the drawdown chart below to compare losses from any high point for BEZ and APPX.

Drawdown Indicators

	BEZ	APPX	Difference
Max Drawdown Largest peak-to-trough decline	-96.31%	-82.40%	-13.91%
Max Drawdown (1Y) Largest decline over 1 year	—	-82.40%	—
Current Drawdown Current decline from peak	-95.49%	-77.63%	-17.86%
Average Drawdown Average peak-to-trough decline	-64.72%	-38.85%	-25.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	50.33%	—

Volatility

Volatility by Period

	BEZ	APPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	39.68%	—
Volatility (6M) Calculated over the trailing 6-month period	—	122.36%	—
Volatility (1Y) Calculated over the trailing 1-year period	220.90%	141.26%	+79.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	220.90%	139.52%	+81.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	220.90%	139.52%	+81.38%

BEZ vs. APPX - Expense Ratio Comparison

BEZ has a 1.49% expense ratio, which is higher than APPX's 1.30% expense ratio.

Dividends

BEZ vs. APPX - Dividend Comparison

BEZ has not paid dividends to shareholders, while APPX's dividend yield for the trailing twelve months is around 32.61%.

Position	TTM	2025
APPX Tradr 2X Long APP Daily ETF	32.61%	9.38%
BEZ Tradr 2X Short BE Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both BEZ and APPX in my portfolio?

BEZ and APPX have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BEZ or APPX?

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.

Which ETF is cheaper, BEZ or APPX?

APPX is cheaper with a 1.30% expense ratio, compared with 1.49% for BEZ.

Which ETF pays a higher dividend yield, BEZ or APPX?

APPX has the higher dividend yield at 32.61%, compared with 0.00% for BEZ.

What is the main difference between BEZ and APPX?

BEZ is categorized as Inverse Equities, while APPX is Leveraged Equities. Their fees differ too: 1.49% for BEZ and 1.30% for APPX.