OPEX vs. AAOX

Last updated Aug 1, 2026

OPEX (Tradr 2X Long OPEN Daily ETF) and AAOX (Tradr 2X Long AAOI Daily ETF) are both Leveraged Equities funds from Tradr. OPEX is actively managed, while AAOX is passively managed. Their 0.33 correlation means their historical movements had little consistent relationship. OPEX charges 1.30%/yr vs 1.49%/yr for AAOX.

Performance

OPEX vs. AAOX - Performance Comparison

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

Returns By Period

OPEX

• 1D: -3.47%
• 1M: -45.86%
• 6M: -64.59%
• YTD: -74.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

AAOX

• 1D: 9.47%
• 1M: -48.97%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AAOX Tradr 2X Long AAOI Daily ETF	$74.06M	$85.47M	$246.24M
OPEX Tradr 2X Long OPEN Daily ETF	$1.72M	$1.92M	$1.70M

OPEX vs. AAOX - Yearly Performance Comparison

	2026 (YTD)
OPEX Tradr 2X Long OPEN Daily ETF	-59.79%
AAOX Tradr 2X Long AAOI Daily ETF	-59.23%

Correlation

The correlation between OPEX and AAOX is 0.33, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 24, 2026	0.33

Return for Risk

OPEX vs. AAOX - Risk-Adjusted Trends Comparison

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

OPEX vs. AAOX - Drawdown Comparison

The maximum OPEX drawdown since its inception was -91.93%, roughly equal to the maximum AAOX drawdown of -92.64%. Use the drawdown chart below to compare losses from any high point for OPEX and AAOX.

Drawdown Indicators

	OPEX	AAOX	Difference
Max Drawdown Largest peak-to-trough decline	-91.93%	-92.64%	+0.71%
Current Drawdown Current decline from peak	-91.45%	-89.09%	-2.36%
Average Drawdown Average peak-to-trough decline	-69.67%	-42.84%	-26.83%

Volatility

Volatility by Period

	OPEX	AAOX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	167.77%	294.73%	-126.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	167.77%	294.73%	-126.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	167.77%	294.73%	-126.96%

OPEX vs. AAOX - Expense Ratio Comparison

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

Dividends

OPEX vs. AAOX - Dividend Comparison

Neither OPEX nor AAOX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both OPEX and AAOX in my portfolio?

OPEX and AAOX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OPEX or AAOX?

On fees, OPEX 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, OPEX or AAOX?

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

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

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

What is the main difference between OPEX and AAOX?

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