ONDU vs. APLX

Last updated Jun 5, 2026

ONDU (Tradr 2X Long ONDS Daily ETF) and APLX (Tradr 2X Long APLD Daily ETF) are both Leveraged Equities funds from Tradr. ONDU is passively managed, while APLX is actively managed. At a 0.45 correlation, their price movements are largely independent. ONDU charges 1.49%/yr vs 1.30%/yr for APLX.

Performance

ONDU vs. APLX - Performance Comparison

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

Returns By Period

ONDU

• 1D: 5.73%
• 1M: 40.56%
• 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)

ONDU vs. APLX - Yearly Performance Comparison

	2026 (YTD)
ONDU Tradr 2X Long ONDS Daily ETF	-56.75%
APLX Tradr 2X Long APLD Daily ETF	-14.88%

Correlation

The correlation between ONDU and APLX is 0.45, 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 Jan 14, 2026	0.45

Return for Risk

ONDU vs. APLX - Risk-Adjusted Trends Comparison

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

	ONDU	APLX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.41	1.68	-2.09

Drawdowns

ONDU vs. APLX - Drawdown Comparison

The maximum ONDU drawdown since its inception was -74.75%, smaller than the maximum APLX drawdown of -84.39%. Use the drawdown chart below to compare losses from any high point for ONDU and APLX.

Drawdown Indicators

	ONDU	APLX	Difference
Max Drawdown Largest peak-to-trough decline	-74.75%	-84.39%	+9.64%
Current Drawdown Current decline from peak	-56.75%	-42.99%	-13.76%
Average Drawdown Average peak-to-trough decline	-56.36%	-45.48%	-10.88%

Volatility

Volatility by Period

	ONDU	APLX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	215.18%	217.71%	-2.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	215.18%	217.71%	-2.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	215.18%	217.71%	-2.53%

ONDU vs. APLX - Expense Ratio Comparison

ONDU has a 1.49% expense ratio, which is higher than APLX's 1.30% expense ratio.

Dividends

ONDU vs. APLX - Dividend Comparison

Neither ONDU nor APLX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ONDU and APLX in my portfolio?

ONDU and APLX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ONDU or APLX?

On fees, APLX 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, ONDU or APLX?

APLX is cheaper with a 1.30% expense ratio, compared with 1.49% for ONDU.

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

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

What is the main difference between ONDU and APLX?

Their fees differ too: 1.49% for ONDU and 1.30% for APLX.