CRMX vs. AAOX

Last updated Jun 6, 2026

CRMX (Tradr 2X Long CRML Daily ETF) and AAOX (Tradr 2X Long AAOI Daily ETF) are both Leveraged Equities funds from Tradr - CRMX tracks the Critical Metals Corp. (CRML) while AAOX tracks the Applied Optoelectronics, Inc. (AAOI). Both are passively managed. At a 0.38 correlation, their price movements are largely independent. Both charge a 1.49% expense ratio.

Performance

CRMX vs. AAOX - Performance Comparison

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

Returns By Period

CRMX

• 1D: -22.81%
• 1M: -54.32%
• 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)

CRMX vs. AAOX - Yearly Performance Comparison

	2026 (YTD)
CRMX Tradr 2X Long CRML Daily ETF	0.84%
AAOX Tradr 2X Long AAOI Daily ETF	51.43%

Correlation

The correlation between CRMX and AAOX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 25, 2026	0.38

Return for Risk

CRMX vs. AAOX - Risk-Adjusted Trends Comparison

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

	CRMX	AAOX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.34	2.30	-2.64

Drawdowns

CRMX vs. AAOX - Drawdown Comparison

The maximum CRMX drawdown since its inception was -92.84%, which is greater than AAOX's maximum drawdown of -52.25%. Use the drawdown chart below to compare losses from any high point for CRMX and AAOX.

Drawdown Indicators

	CRMX	AAOX	Difference
Max Drawdown Largest peak-to-trough decline	-92.84%	-52.25%	-40.59%
Current Drawdown Current decline from peak	-89.54%	-44.87%	-44.67%
Average Drawdown Average peak-to-trough decline	-75.93%	-21.84%	-54.09%

Volatility

Volatility by Period

	CRMX	AAOX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	293.38%	297.37%	-3.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	293.38%	297.37%	-3.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	293.38%	297.37%	-3.99%

CRMX vs. AAOX - Expense Ratio Comparison

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

Dividends

CRMX vs. AAOX - Dividend Comparison

Neither CRMX nor AAOX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CRMX and AAOX in my portfolio?

CRMX and AAOX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CRMX 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, CRMX or AAOX?

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

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

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

What is the main difference between CRMX and AAOX?

CRMX tracks Critical Metals Corp. (CRML), while AAOX tracks Applied Optoelectronics, Inc. (AAOI).