COHX vs. APPX

Last updated Jun 5, 2026

COHX (Tradr 2X Long COHR Daily ETF) and APPX (Tradr 2X Long APP Daily ETF) are both Leveraged Equities funds from Tradr. COHX is passively managed, while APPX is actively managed. At a correlation of -0.07, they often move in opposite directions. COHX charges 1.49%/yr vs 1.30%/yr for APPX.

Performance

COHX vs. APPX - Performance Comparison

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

Returns By Period

COHX

• 1D: 1.76%
• 1M: 46.78%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

APPX

• 1D: -3.79%
• 1M: 30.52%
• YTD: -53.50%
• 6M: -55.75%
• 1Y: -6.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

COHX vs. APPX - Yearly Performance Comparison

	2026 (YTD)
COHX Tradr 2X Long COHR Daily ETF	160.22%
APPX Tradr 2X Long APP Daily ETF	56.36%

Correlation

The correlation between COHX and APPX is -0.07, 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 20, 2026	-0.07

Return for Risk

COHX vs. APPX — Risk / Return Rank

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

APPX

APPX Risk / Return Rank: 13
APPX Sharpe Ratio Rank: 9
APPX Sortino Ratio Rank: 19
APPX Omega Ratio Rank: 21
APPX Calmar Ratio Rank: 8
APPX Martin Ratio Rank: 9

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.

COHX vs. APPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long COHR Daily ETF (COHX) 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.

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

Sharpe Ratios by Period

	COHX	APPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.04	—
Sharpe Ratio (All Time) Calculated using the full available price history	14.78	0.62	+14.16

Drawdowns

COHX vs. APPX - Drawdown Comparison

The maximum COHX drawdown since its inception was -50.30%, smaller than the maximum APPX drawdown of -82.40%. Use the drawdown chart below to compare losses from any high point for COHX and APPX.

Drawdown Indicators

	COHX	APPX	Difference
Max Drawdown Largest peak-to-trough decline	-50.30%	-82.40%	+32.10%
Max Drawdown (1Y) Largest decline over 1 year	—	-82.40%	—
Current Drawdown Current decline from peak	-3.01%	-63.84%	+60.83%
Average Drawdown Average peak-to-trough decline	-16.77%	-37.32%	+20.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	48.83%	—

Volatility

Volatility by Period

	COHX	APPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	41.73%	—
Volatility (6M) Calculated over the trailing 6-month period	—	121.72%	—
Volatility (1Y) Calculated over the trailing 1-year period	178.19%	141.05%	+37.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	178.19%	140.44%	+37.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	178.19%	140.44%	+37.75%

COHX vs. APPX - Expense Ratio Comparison

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

Dividends

COHX vs. APPX - Dividend Comparison

COHX has not paid dividends to shareholders, while APPX's dividend yield for the trailing twelve months is around 20.17%.

Position	TTM	2025
APPX Tradr 2X Long APP Daily ETF	20.17%	9.38%
COHX Tradr 2X Long COHR Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both COHX and APPX in my portfolio?

COHX and APPX have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, COHX 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, COHX or APPX?

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

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

APPX has the higher dividend yield at 20.17%, compared with 0.00% for COHX.

What is the main difference between COHX and APPX?

Their fees differ too: 1.49% for COHX and 1.30% for APPX.