JOBX vs. APPX

Last updated Aug 1, 2026

JOBX (Tradr 2X Long JOBY Daily ETF) and APPX (Tradr 2X Long APP Daily ETF) are both Leveraged Equities funds from Tradr. Both are actively managed. Their 0.30 correlation means their historical movements had little consistent relationship. Both charge a 1.30% expense ratio.

Performance

JOBX vs. APPX - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with JOBX having a -80.38% return and APPX slightly higher at -78.81%.

JOBX

• 1D: -3.87%
• 1M: -34.32%
• 6M: -66.78%
• YTD: -80.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

APPX

• 1D: -3.99%
• 1M: -45.86%
• 6M: -53.32%
• YTD: -78.81%
• 1Y: -45.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -4.53%

*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)
APPX Tradr 2X Long APP Daily ETF	$8.26M	$9.43M	$24.29M
JOBX Tradr 2X Long JOBY Daily ETF	$713.56K	$1.13M	$2.40M

JOBX vs. APPX - Yearly Performance Comparison

	2026 (YTD)	2025
JOBX Tradr 2X Long JOBY Daily ETF	-80.38%	-29.29%
APPX Tradr 2X Long APP Daily ETF	-78.81%	31.73%

Correlation

The correlation between JOBX and APPX is 0.30, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 9, 2025	0.31

Return for Risk

JOBX vs. APPX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JOBX

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

APPX

APPX Risk / Return Rank: 9
APPX Sharpe Ratio Rank: 7
APPX Sortino Ratio Rank: 15
APPX Omega Ratio Rank: 16
APPX Calmar Ratio Rank: 5
APPX Martin Ratio Rank: 5

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JOBX vs. APPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long JOBY Daily ETF (JOBX) and Tradr 2X Long APP Daily ETF (APPX). 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.

	JOBX	APPX	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.33	—
Sortino ratio: Return per unit of downside risk	—	0.42	—
Omega ratio: Gain probability vs. loss probability	—	1.05	—
Calmar ratio: Return relative to maximum drawdown	—	-0.58	—
Martin ratio: Return relative to average drawdown	—	-0.87	—

Drawdowns

JOBX vs. APPX - Drawdown Comparison

The maximum JOBX drawdown since its inception was -93.38%, which is greater than APPX's maximum drawdown of -83.74%. Use the drawdown chart below to compare losses from any high point for JOBX and APPX.

Drawdown Indicators

	JOBX	APPX	Difference
Max Drawdown Largest peak-to-trough decline	-93.38%	-83.74%	-9.64%
Max Drawdown (1Y) Largest decline over 1 year	—	-83.74%	—
Current Drawdown Current decline from peak	-92.52%	-83.52%	-9.00%
Average Drawdown Average peak-to-trough decline	-64.12%	-41.83%	-22.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	55.86%	—

Volatility

Volatility by Period

	JOBX	APPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	37.28%	—
Volatility (6M) Calculated over the trailing 6-month period	—	125.92%	—
Volatility (1Y) Calculated over the trailing 1-year period	146.20%	146.10%	+0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	146.20%	139.85%	+6.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	146.20%	139.85%	+6.35%

JOBX vs. APPX - Expense Ratio Comparison

Both JOBX and APPX have an expense ratio of 1.30%.

Dividends

JOBX vs. APPX - Dividend Comparison

JOBX has not paid dividends to shareholders, while APPX's dividend yield for the trailing twelve months is around 44.27%.

Position	TTM	2025
APPX Tradr 2X Long APP Daily ETF	44.27%	9.38%
JOBX Tradr 2X Long JOBY Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both JOBX and APPX in my portfolio?

JOBX and APPX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JOBX or APPX?

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, JOBX or APPX?

JOBX and APPX have the same expense ratio: 1.30% per year.

Which ETF pays a higher dividend yield, JOBX or APPX?

APPX has the higher dividend yield at 44.27%, compared with 0.00% for JOBX.