CLSZ vs. AAOX

Last updated Jun 6, 2026

CLSZ (Tradr 2X Short CLSK Daily ETF) and AAOX (Tradr 2X Long AAOI Daily ETF) are both exchange-traded funds - CLSZ is a Inverse Equities fund tracking the CleanSpark, Inc. (CLSK), while AAOX is a Leveraged Equities fund tracking the Applied Optoelectronics, Inc. (AAOI). Both are passively managed. At a correlation of -0.17, they often move in opposite directions. Both charge a 1.49% expense ratio.

Performance

CLSZ vs. AAOX - Performance Comparison

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

Returns By Period

CLSZ

• 1D: 13.82%
• 1M: -26.48%
• 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)

CLSZ vs. AAOX - Yearly Performance Comparison

	2026 (YTD)
CLSZ Tradr 2X Short CLSK Daily ETF	-76.13%
AAOX Tradr 2X Long AAOI Daily ETF	51.43%

Correlation

The correlation between CLSZ and AAOX is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 25, 2026	-0.17

Return for Risk

CLSZ vs. AAOX - Risk-Adjusted Trends Comparison

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

	CLSZ	AAOX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.67	2.30	-2.97

Drawdowns

CLSZ vs. AAOX - Drawdown Comparison

The maximum CLSZ drawdown since its inception was -87.06%, which is greater than AAOX's maximum drawdown of -52.25%. Use the drawdown chart below to compare losses from any high point for CLSZ and AAOX.

Drawdown Indicators

	CLSZ	AAOX	Difference
Max Drawdown Largest peak-to-trough decline	-87.06%	-52.25%	-34.81%
Current Drawdown Current decline from peak	-81.64%	-44.87%	-36.77%
Average Drawdown Average peak-to-trough decline	-44.24%	-21.84%	-22.40%

Volatility

Volatility by Period

	CLSZ	AAOX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	148.64%	297.37%	-148.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	148.64%	297.37%	-148.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	148.64%	297.37%	-148.73%

CLSZ vs. AAOX - Expense Ratio Comparison

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

Dividends

CLSZ vs. AAOX - Dividend Comparison

Neither CLSZ nor AAOX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CLSZ and AAOX in my portfolio?

CLSZ and AAOX have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CLSZ 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, CLSZ or AAOX?

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

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

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

What is the main difference between CLSZ and AAOX?

CLSZ is categorized as Inverse Equities, while AAOX is Leveraged Equities. CLSZ tracks CleanSpark, Inc. (CLSK), while AAOX tracks Applied Optoelectronics, Inc. (AAOI).