NNEX vs. AAOX

Last updated Jun 6, 2026

NNEX (Tradr 2X Long NNE Daily ETF) and AAOX (Tradr 2X Long AAOI Daily ETF) are both Leveraged Equities funds from Tradr. NNEX is actively managed, while AAOX is passively managed. At a 0.11 correlation, their price movements are largely independent. NNEX charges 1.30%/yr vs 1.49%/yr for AAOX.

Performance

NNEX vs. AAOX - Performance Comparison

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

Returns By Period

NNEX

• 1D: —
• 1M: —
• 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)

NNEX vs. AAOX - Yearly Performance Comparison

	2026 (YTD)
NNEX Tradr 2X Long NNE Daily ETF	-2.34%
AAOX Tradr 2X Long AAOI Daily ETF	51.43%

Correlation

The correlation between NNEX and AAOX is 0.11, 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 25, 2026	0.11

Return for Risk

NNEX vs. AAOX - Risk-Adjusted Trends Comparison

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

	NNEX	AAOX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	2.30	—

Drawdowns

Drawdown Indicators

	NNEX	AAOX	Difference
Max Drawdown Largest peak-to-trough decline	—	-52.25%	—
Current Drawdown Current decline from peak	—	-44.87%	—
Average Drawdown Average peak-to-trough decline	—	-21.84%	—

Volatility

Volatility by Period

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

NNEX vs. AAOX - Expense Ratio Comparison

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

Dividends

NNEX vs. AAOX - Dividend Comparison

Neither NNEX nor AAOX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NNEX and AAOX in my portfolio?

NNEX and AAOX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NNEX or AAOX?

On fees, NNEX 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, NNEX or AAOX?

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

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

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

What is the main difference between NNEX and AAOX?

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