MDBX vs. APLX

Last updated Jun 5, 2026

MDBX (Tradr 2X Long MDB Daily ETF) and APLX (Tradr 2X Long APLD Daily ETF) are both Leveraged Equities funds from Tradr. Both are actively managed. At a 0.23 correlation, their price movements are largely independent. Both charge a 1.30% expense ratio.

Performance

MDBX vs. APLX - Performance Comparison

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

Returns By Period

MDBX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

APLX

• 1D: -3.12%
• 1M: 8.98%
• YTD: 79.67%
• 6M: -1.90%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MDBX vs. APLX - Yearly Performance Comparison

	2026 (YTD)	2025
MDBX Tradr 2X Long MDB Daily ETF	-74.57%	46.90%
APLX Tradr 2X Long APLD Daily ETF	79.67%	71.82%

Correlation

The correlation between MDBX and APLX is 0.23, 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 10, 2025	0.23

Return for Risk

MDBX vs. APLX - Risk-Adjusted Trends Comparison

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

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

Sharpe Ratios by Period

	MDBX	APLX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.68	—

Drawdowns

Drawdown Indicators

	MDBX	APLX	Difference
Max Drawdown Largest peak-to-trough decline	—	-84.39%	—
Current Drawdown Current decline from peak	—	-42.99%	—
Average Drawdown Average peak-to-trough decline	—	-45.48%	—

Volatility

Volatility by Period

	MDBX	APLX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	217.71%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	217.71%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	217.71%	—

MDBX vs. APLX - Expense Ratio Comparison

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

Dividends

MDBX vs. APLX - Dividend Comparison

Neither MDBX nor APLX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MDBX and APLX in my portfolio?

MDBX and APLX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MDBX 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, MDBX or APLX?

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

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

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