LULG vs. APLX

Last updated Jul 14, 2026

LULG (Leverage Shares 2X Long LULU Daily ETF) and APLX (Tradr 2X Long APLD Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.04 correlation, their price movements are largely independent. LULG charges 0.75%/yr vs 1.30%/yr for APLX.

Performance

LULG vs. APLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long LULU Daily ETF (LULG) 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, LULG achieves a -72.19% return, which is significantly lower than APLX's -30.04% return.

LULG

• 1D: 2.05%
• 1M: -0.23%
• 6M: -72.43%
• YTD: -72.19%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

APLX

• 1D: -15.35%
• 1M: -57.08%
• 6M: -69.49%
• YTD: -30.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LULG vs. APLX - Yearly Performance Comparison

	2026 (YTD)	2025
LULG Leverage Shares 2X Long LULU Daily ETF	-72.19%	55.59%
APLX Tradr 2X Long APLD Daily ETF	-30.04%	-50.40%

Correlation

The correlation between LULG and APLX is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025	0.04

Return for Risk

LULG vs. APLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long LULU Daily ETF (LULG) 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

LULG vs. APLX - Drawdown Comparison

The maximum LULG drawdown since its inception was -79.88%, smaller than the maximum APLX drawdown of -84.39%. Use the drawdown chart below to compare losses from any high point for LULG and APLX.

Drawdown Indicators

	LULG	APLX	Difference
Max Drawdown Largest peak-to-trough decline	-79.88%	-84.39%	+4.51%
Current Drawdown Current decline from peak	-74.24%	-77.80%	+3.56%
Average Drawdown Average peak-to-trough decline	-39.70%	-46.58%	+6.88%

Volatility

Volatility by Period

	LULG	APLX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	87.42%	211.90%	-124.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	87.42%	211.90%	-124.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	87.42%	211.90%	-124.48%

LULG vs. APLX - Expense Ratio Comparison

LULG has a 0.75% expense ratio, which is lower than APLX's 1.30% expense ratio.

Dividends

LULG vs. APLX - Dividend Comparison

Neither LULG nor APLX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both LULG and APLX in my portfolio?

LULG and APLX have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LULG or APLX?

On fees, LULG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LULG or APLX?

LULG is cheaper with a 0.75% expense ratio, compared with 1.30% for APLX.

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

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

What is the main difference between LULG and APLX?

They also come from different issuers: Leverage Shares and Tradr. Their fees differ too: 0.75% for LULG and 1.30% for APLX.