CSEX vs. AAOX

Last updated Jun 25, 2026

CSEX (Tradr 2X Long CLS Daily ETF) and AAOX (Tradr 2X Long AAOI Daily ETF) are both Leveraged Equities funds from Tradr. CSEX is actively managed, while AAOX is passively managed. A 0.53 correlation means they provide meaningful diversification when combined. CSEX charges 1.30%/yr vs 1.49%/yr for AAOX.

Performance

CSEX vs. AAOX - Performance Comparison

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

Returns By Period

CSEX

• 1D: 6.05%
• 1M: -10.41%
• YTD: 7.63%
• 6M: -1.68%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AAOX

• 1D: -3.16%
• 1M: -47.79%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CSEX vs. AAOX - Yearly Performance Comparison

	2026 (YTD)
CSEX Tradr 2X Long CLS Daily ETF	30.73%
AAOX Tradr 2X Long AAOI Daily ETF	22.50%

Correlation

The correlation between CSEX and AAOX is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 24, 2026	0.53

Return for Risk

CSEX vs. AAOX - Risk-Adjusted Trends Comparison

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

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.

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

Drawdowns

CSEX vs. AAOX - Drawdown Comparison

The maximum CSEX drawdown since its inception was -56.45%, smaller than the maximum AAOX drawdown of -67.21%. Use the drawdown chart below to compare losses from any high point for CSEX and AAOX.

Drawdown Indicators

	CSEX	AAOX	Difference
Max Drawdown Largest peak-to-trough decline	-56.45%	-67.21%	+10.76%
Current Drawdown Current decline from peak	-44.08%	-67.21%	+23.13%
Average Drawdown Average peak-to-trough decline	-28.45%	-27.33%	-1.12%

Volatility

Volatility by Period

	CSEX	AAOX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	156.56%	301.68%	-145.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	156.56%	301.68%	-145.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	156.56%	301.68%	-145.12%

CSEX vs. AAOX - Expense Ratio Comparison

CSEX has a 1.30% expense ratio, which is lower than AAOX's 1.49% expense ratio.

Dividends

CSEX vs. AAOX - Dividend Comparison

Neither CSEX nor AAOX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CSEX and AAOX in my portfolio?

CSEX and AAOX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CSEX or AAOX?

On fees, CSEX 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, CSEX or AAOX?

CSEX is cheaper with a 1.30% expense ratio, compared with 1.49% for AAOX.

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

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

What is the main difference between CSEX and AAOX?

Their fees differ too: 1.30% for CSEX and 1.49% for AAOX.