NBIZ vs. AAOX

Last updated Jun 6, 2026

NBIZ (Tradr 2X Short NBIS Daily ETF) and AAOX (Tradr 2X Long AAOI Daily ETF) are both exchange-traded funds - NBIZ is a Inverse Equities fund tracking the Nebius Group N.V. (NBIS), while AAOX is a Leveraged Equities fund tracking the Applied Optoelectronics, Inc. (AAOI). Both are passively managed. At a correlation of -0.44, they often move in opposite directions. Both charge a 1.49% expense ratio.

Performance

NBIZ vs. AAOX - Performance Comparison

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

Returns By Period

NBIZ

• 1D: 24.45%
• 1M: -49.56%
• 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)

NBIZ vs. AAOX - Yearly Performance Comparison

	2026 (YTD)
NBIZ Tradr 2X Short NBIS Daily ETF	-88.05%
AAOX Tradr 2X Long AAOI Daily ETF	51.43%

Correlation

The correlation between NBIZ and AAOX is -0.44, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 25, 2026	-0.44

Return for Risk

NBIZ vs. AAOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Short NBIS Daily ETF (NBIZ) 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

	NBIZ	AAOX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.46	2.30	-2.76

Drawdowns

NBIZ vs. AAOX - Drawdown Comparison

The maximum NBIZ drawdown since its inception was -97.84%, which is greater than AAOX's maximum drawdown of -52.25%. Use the drawdown chart below to compare losses from any high point for NBIZ and AAOX.

Drawdown Indicators

	NBIZ	AAOX	Difference
Max Drawdown Largest peak-to-trough decline	-97.84%	-52.25%	-45.59%
Current Drawdown Current decline from peak	-97.16%	-44.87%	-52.29%
Average Drawdown Average peak-to-trough decline	-69.74%	-21.84%	-47.90%

Volatility

Volatility by Period

	NBIZ	AAOX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	218.90%	297.37%	-78.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	218.90%	297.37%	-78.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	218.90%	297.37%	-78.47%

NBIZ vs. AAOX - Expense Ratio Comparison

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

Dividends

NBIZ vs. AAOX - Dividend Comparison

Neither NBIZ nor AAOX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NBIZ and AAOX in my portfolio?

NBIZ and AAOX have a correlation of -0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NBIZ 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, NBIZ or AAOX?

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

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

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

What is the main difference between NBIZ and AAOX?

NBIZ is categorized as Inverse Equities, while AAOX is Leveraged Equities. NBIZ tracks Nebius Group N.V. (NBIS), while AAOX tracks Applied Optoelectronics, Inc. (AAOI).