NEBX vs. AAOX

Last updated Jul 11, 2026

NEBX (Tradr 2X Long NBIS Daily ETF) and AAOX (Tradr 2X Long AAOI Daily ETF) are both Leveraged Equities funds from Tradr. NEBX is actively managed, while AAOX is passively managed. At a 0.41 correlation, their price movements are largely independent. NEBX charges 1.30%/yr vs 1.49%/yr for AAOX.

Performance

NEBX vs. AAOX - Performance Comparison

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

Returns By Period

NEBX

• 1D: 2.76%
• 1M: -20.39%
• 6M: 172.18%
• YTD: 268.51%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AAOX

• 1D: -3.89%
• 1M: -56.19%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NEBX vs. AAOX - Yearly Performance Comparison

	2026 (YTD)
NEBX Tradr 2X Long NBIS Daily ETF	157.87%
AAOX Tradr 2X Long AAOI Daily ETF	-22.58%

Correlation

The correlation between NEBX and AAOX is 0.41, 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 Mar 24, 2026	0.41

Return for Risk

NEBX vs. AAOX - Risk-Adjusted Trends Comparison

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

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

NEBX vs. AAOX - Drawdown Comparison

The maximum NEBX drawdown since its inception was -77.97%, roughly equal to the maximum AAOX drawdown of -80.97%. Use the drawdown chart below to compare losses from any high point for NEBX and AAOX.

Drawdown Indicators

	NEBX	AAOX	Difference
Max Drawdown Largest peak-to-trough decline	-77.97%	-80.97%	+3.00%
Current Drawdown Current decline from peak	-46.47%	-79.27%	+32.80%
Average Drawdown Average peak-to-trough decline	-38.93%	-34.28%	-4.65%

Volatility

Volatility by Period

	NEBX	AAOX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	195.59%	290.17%	-94.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	195.59%	290.17%	-94.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	195.59%	290.17%	-94.58%

NEBX vs. AAOX - Expense Ratio Comparison

NEBX has a 1.30% expense ratio, which is lower than AAOX's 1.49% expense ratio.

Dividends

NEBX vs. AAOX - Dividend Comparison

Neither NEBX nor AAOX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NEBX and AAOX in my portfolio?

NEBX and AAOX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NEBX or AAOX?

On fees, NEBX is cheaper at 1.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NEBX or AAOX?

NEBX is cheaper with a 1.30% expense ratio, compared with 1.49% for AAOX.

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

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

What is the main difference between NEBX and AAOX?

Their fees differ too: 1.30% for NEBX and 1.49% for AAOX.