HLXX vs. AAOX

Last updated Jun 6, 2026

HLXX (Tradr 2X Long HL Daily ETF) and AAOX (Tradr 2X Long AAOI Daily ETF) are both Leveraged Equities funds from Tradr - HLXX tracks the Hecla Mining Company (HL) while AAOX tracks the Applied Optoelectronics, Inc. (AAOI). Both are passively managed. At a 0.41 correlation, their price movements are largely independent. Both charge a 1.49% expense ratio.

Performance

HLXX vs. AAOX - Performance Comparison

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

Returns By Period

HLXX

• 1D: -24.18%
• 1M: -38.05%
• 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)

HLXX vs. AAOX - Yearly Performance Comparison

	2026 (YTD)
HLXX Tradr 2X Long HL Daily ETF	-40.28%
AAOX Tradr 2X Long AAOI Daily ETF	51.43%

Correlation

The correlation between HLXX and AAOX is 0.41, 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	0.41

Return for Risk

HLXX vs. AAOX - Risk-Adjusted Trends Comparison

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

	HLXX	AAOX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.69	2.30	-2.99

Drawdowns

HLXX vs. AAOX - Drawdown Comparison

The maximum HLXX drawdown since its inception was -53.58%, roughly equal to the maximum AAOX drawdown of -52.25%. Use the drawdown chart below to compare losses from any high point for HLXX and AAOX.

Drawdown Indicators

	HLXX	AAOX	Difference
Max Drawdown Largest peak-to-trough decline	-53.58%	-52.25%	-1.33%
Current Drawdown Current decline from peak	-53.58%	-44.87%	-8.71%
Average Drawdown Average peak-to-trough decline	-16.71%	-21.84%	+5.13%

Volatility

Volatility by Period

	HLXX	AAOX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	135.54%	297.37%	-161.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	135.54%	297.37%	-161.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	135.54%	297.37%	-161.83%

HLXX vs. AAOX - Expense Ratio Comparison

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

Dividends

HLXX vs. AAOX - Dividend Comparison

Neither HLXX nor AAOX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both HLXX and AAOX in my portfolio?

HLXX and AAOX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HLXX 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, HLXX or AAOX?

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

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

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

What is the main difference between HLXX and AAOX?

HLXX tracks Hecla Mining Company (HL), while AAOX tracks Applied Optoelectronics, Inc. (AAOI).