GEVX vs. APLX

Last updated Jun 23, 2026

GEVX (Tradr 2X Long GEV Daily ETF) and APLX (Tradr 2X Long APLD Daily ETF) are both Leveraged Equities funds from Tradr. Both are actively managed. At a 0.47 correlation, their price movements are largely independent. Both charge a 1.30% expense ratio.

Performance

GEVX vs. APLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long GEV Daily ETF (GEVX) 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, GEVX achieves a 160.12% return, which is significantly higher than APLX's 80.91% return.

GEVX

• 1D: 3.19%
• 1M: 14.45%
• YTD: 160.12%
• 6M: 152.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

APLX

• 1D: -5.43%
• 1M: -8.58%
• YTD: 80.91%
• 6M: 38.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GEVX vs. APLX - Yearly Performance Comparison

	2026 (YTD)	2025
GEVX Tradr 2X Long GEV Daily ETF	160.12%	5.02%
APLX Tradr 2X Long APLD Daily ETF	80.91%	83.15%

Correlation

The correlation between GEVX and APLX is 0.47, 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 Sep 9, 2025	0.47

Return for Risk

GEVX vs. APLX - Risk-Adjusted Trends Comparison

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

GEVX vs. APLX - Drawdown Comparison

The maximum GEVX drawdown since its inception was -45.03%, smaller than the maximum APLX drawdown of -84.39%. Use the drawdown chart below to compare losses from any high point for GEVX and APLX.

Drawdown Indicators

	GEVX	APLX	Difference
Max Drawdown Largest peak-to-trough decline	-45.03%	-84.39%	+39.36%
Current Drawdown Current decline from peak	-8.37%	-42.60%	+34.23%
Average Drawdown Average peak-to-trough decline	-15.04%	-45.32%	+30.28%

Volatility

Volatility by Period

	GEVX	APLX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	101.40%	214.93%	-113.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	101.40%	214.93%	-113.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	101.40%	214.93%	-113.53%

GEVX vs. APLX - Expense Ratio Comparison

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

Dividends

GEVX vs. APLX - Dividend Comparison

Neither GEVX nor APLX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GEVX and APLX in my portfolio?

GEVX 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, GEVX 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, GEVX or APLX?

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

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

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