CSEX vs. APLX

Last updated Aug 1, 2026

CSEX (Tradr 2X Long CLS Daily ETF) and APLX (Tradr 2X Long APLD Daily ETF) are both Leveraged Equities funds from Tradr. Both are actively managed. Their 0.47 correlation means their historical movements had little consistent relationship. Both charge a 1.30% expense ratio.

Performance

CSEX vs. APLX - 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 APLD Daily ETF (APLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSEX achieves a -16.87% return, which is significantly higher than APLX's -42.49% return.

CSEX

• 1D: -11.21%
• 1M: -8.52%
• 6M: -1.90%
• YTD: -16.87%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

APLX

• 1D: -4.41%
• 1M: -39.18%
• 6M: -66.42%
• YTD: -42.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
APLX Tradr 2X Long APLD Daily ETF	$17.98M	$17.26M	$30.76M
CSEX Tradr 2X Long CLS Daily ETF	$2.57M	$2.02M	$2.56M

CSEX vs. APLX - Yearly Performance Comparison

	2026 (YTD)	2025
CSEX Tradr 2X Long CLS Daily ETF	-16.87%	-19.20%
APLX Tradr 2X Long APLD Daily ETF	-42.49%	-30.59%

Correlation

The correlation between CSEX and APLX is 0.47, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 13, 2025	0.47

Return for Risk

CSEX vs. APLX - 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 APLD Daily ETF (APLX). 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. APLX - Drawdown Comparison

The maximum CSEX drawdown since its inception was -62.68%, smaller than the maximum APLX drawdown of -86.41%. Use the drawdown chart below to compare losses from any high point for CSEX and APLX.

Drawdown Indicators

	CSEX	APLX	Difference
Max Drawdown Largest peak-to-trough decline	-62.68%	-86.41%	+23.73%
Current Drawdown Current decline from peak	-56.81%	-81.75%	+24.94%
Average Drawdown Average peak-to-trough decline	-31.99%	-48.68%	+16.69%

Volatility

Volatility by Period

	CSEX	APLX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	158.30%	214.74%	-56.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	158.30%	214.74%	-56.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	158.30%	214.74%	-56.44%

CSEX vs. APLX - Expense Ratio Comparison

Both CSEX and APLX have an expense ratio of 1.30%.

Dividends

CSEX vs. APLX - Dividend Comparison

Neither CSEX nor APLX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CSEX and APLX in my portfolio?

CSEX and APLX have a correlation of 0.47, 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 APLX?

Both ETFs have the same 1.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CSEX or APLX?

CSEX and APLX have the same expense ratio: 1.30% per year.

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

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