LITX vs. AAOI

Last updated Jun 24, 2026

LITX (Tradr 2X Long LITE Daily ETF) is Leveraged Equities fund actively managed by Tradr, while AAOI (Applied Optoelectronics, Inc.) is a stock. A 0.71 correlation means they provide meaningful diversification when combined.

Performance

LITX vs. AAOI - Performance Comparison

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

Returns By Period

LITX

• 1D: -14.44%
• 1M: -29.57%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AAOI

• 1D: -13.89%
• 1M: -18.76%
• YTD: 322.95%
• 6M: 262.80%
• 1Y: 553.26%
• 3Y*: 223.87%
• 5Y*: 77.36%
• 10Y*: 31.11%

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

LITX vs. AAOI - Yearly Performance Comparison

	2026 (YTD)
LITX Tradr 2X Long LITE Daily ETF	246.06%
AAOI Applied Optoelectronics, Inc.	322.59%

Correlation

The correlation between LITX and AAOI is 0.71, 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 Jan 27, 2026	0.71

Return for Risk

LITX vs. AAOI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LITX

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

AAOI

AAOI Risk / Return Rank: 95
AAOI Sharpe Ratio Rank: 98
AAOI Sortino Ratio Rank: 93
AAOI Omega Ratio Rank: 90
AAOI Calmar Ratio Rank: 98
AAOI Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LITX vs. AAOI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long LITE Daily ETF (LITX) and Applied Optoelectronics, Inc. (AAOI). 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.

	LITX	AAOI	Difference
Sharpe ratio: Return per unit of total volatility	—	4.03	—
Sortino ratio: Return per unit of downside risk	—	3.66	—
Omega ratio: Gain probability vs. loss probability	—	1.42	—
Calmar ratio: Return relative to maximum drawdown	—	11.72	—
Martin ratio: Return relative to average drawdown	—	31.59	—

Drawdowns

LITX vs. AAOI - Drawdown Comparison

The maximum LITX drawdown since its inception was -51.46%, smaller than the maximum AAOI drawdown of -98.49%. Use the drawdown chart below to compare losses from any high point for LITX and AAOI.

Drawdown Indicators

	LITX	AAOI	Difference
Max Drawdown Largest peak-to-trough decline	-51.46%	-98.49%	+47.03%
Max Drawdown (1Y) Largest decline over 1 year	—	-47.64%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-77.17%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-83.07%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-98.49%	—
Current Drawdown Current decline from peak	-45.05%	-33.91%	-11.14%
Average Drawdown Average peak-to-trough decline	-17.11%	-65.59%	+48.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	17.63%	—

Volatility

Volatility by Period

	LITX	AAOI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	44.17%	—
Volatility (6M) Calculated over the trailing 6-month period	—	110.93%	—
Volatility (1Y) Calculated over the trailing 1-year period	196.66%	138.67%	+57.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	196.66%	119.83%	+76.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	196.66%	98.56%	+98.10%

Dividends

LITX vs. AAOI - Dividend Comparison

Neither LITX nor AAOI has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both LITX and AAOI in my portfolio?

LITX and AAOI have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.