OPEX vs. ASTX

Last updated Aug 1, 2026

OPEX (Tradr 2X Long OPEN Daily ETF) and ASTX (Tradr 2X Long ASTS Daily ETF) are both Leveraged Equities funds from Tradr. Both are actively managed. Their 0.36 correlation means their historical movements had little consistent relationship. Both charge a 1.30% expense ratio.

Performance

OPEX vs. ASTX - 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 ASTS Daily ETF (ASTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with OPEX having a -74.66% return and ASTX slightly higher at -73.48%.

OPEX

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

ASTX

• 1D: 1.69%
• 1M: -57.22%
• 6M: -87.02%
• YTD: -73.48%
• 1Y: -68.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -54.70%

*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)
ASTX Tradr 2X Long ASTS Daily ETF	$48.95M	$70.14M	$195.58M
OPEX Tradr 2X Long OPEN Daily ETF	$1.72M	$1.92M	$1.70M

OPEX vs. ASTX - Yearly Performance Comparison

	2026 (YTD)	2025
OPEX Tradr 2X Long OPEN Daily ETF	-74.66%	-45.16%
ASTX Tradr 2X Long ASTS Daily ETF	-73.48%	-19.92%

Correlation

The correlation between OPEX and ASTX is 0.36, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025	0.36

Return for Risk

OPEX vs. ASTX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

OPEX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

ASTX

ASTX Risk / Return Rank: 11
ASTX Sharpe Ratio Rank: 7
ASTX Sortino Ratio Rank: 23
ASTX Omega Ratio Rank: 21
ASTX Calmar Ratio Rank: 3
ASTX Martin Ratio Rank: 2

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

OPEX vs. ASTX - 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 ASTS Daily ETF (ASTX). 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.

	OPEX	ASTX	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.32	—
Sortino ratio: Return per unit of downside risk	—	0.83	—
Omega ratio: Gain probability vs. loss probability	—	1.09	—
Calmar ratio: Return relative to maximum drawdown	—	-0.76	—
Martin ratio: Return relative to average drawdown	—	-1.27	—

Drawdowns

OPEX vs. ASTX - Drawdown Comparison

The maximum OPEX drawdown since its inception was -91.93%, roughly equal to the maximum ASTX drawdown of -91.24%. Use the drawdown chart below to compare losses from any high point for OPEX and ASTX.

Drawdown Indicators

	OPEX	ASTX	Difference
Max Drawdown Largest peak-to-trough decline	-91.93%	-91.24%	-0.69%
Max Drawdown (1Y) Largest decline over 1 year	—	-91.24%	—
Current Drawdown Current decline from peak	-91.45%	-89.27%	-2.18%
Average Drawdown Average peak-to-trough decline	-69.67%	-49.51%	-20.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	54.73%	—

Volatility

Volatility by Period

	OPEX	ASTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	60.16%	—
Volatility (6M) Calculated over the trailing 6-month period	—	163.48%	—
Volatility (1Y) Calculated over the trailing 1-year period	167.77%	218.96%	-51.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	167.77%	215.72%	-47.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	167.77%	215.72%	-47.95%

OPEX vs. ASTX - Expense Ratio Comparison

Both OPEX and ASTX have an expense ratio of 1.30%.

Dividends

OPEX vs. ASTX - Dividend Comparison

Neither OPEX nor ASTX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both OPEX and ASTX in my portfolio?

OPEX and ASTX have a correlation of 0.36, 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 ASTX?

Both ETFs have the same 1.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OPEX or ASTX?

OPEX and ASTX have the same expense ratio: 1.30% per year.

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

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