PATX vs. AAOX

Last updated Jun 25, 2026

PATX (Tradr 2X Long PATH Daily ETF) and AAOX (Tradr 2X Long AAOI Daily ETF) are both Leveraged Equities funds from Tradr - PATX tracks the UiPath, Inc. (PATH) while AAOX tracks the Applied Optoelectronics, Inc. (AAOI). Both are passively managed. At a correlation of -0.16, they often move in opposite directions. Both charge a 1.49% expense ratio.

Performance

PATX vs. AAOX - Performance Comparison

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

Returns By Period

PATX

• 1D: 3.05%
• 1M: -14.35%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AAOX

• 1D: -3.16%
• 1M: -47.79%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PATX vs. AAOX - Yearly Performance Comparison

	2026 (YTD)
PATX Tradr 2X Long PATH Daily ETF	-35.45%
AAOX Tradr 2X Long AAOI Daily ETF	22.50%

Correlation

The correlation between PATX and AAOX is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 24, 2026	-0.16

Return for Risk

PATX vs. AAOX - Risk-Adjusted Trends Comparison

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

PATX vs. AAOX - Drawdown Comparison

The maximum PATX drawdown since its inception was -74.56%, which is greater than AAOX's maximum drawdown of -67.21%. Use the drawdown chart below to compare losses from any high point for PATX and AAOX.

Drawdown Indicators

	PATX	AAOX	Difference
Max Drawdown Largest peak-to-trough decline	-74.56%	-67.21%	-7.35%
Current Drawdown Current decline from peak	-71.46%	-67.21%	-4.25%
Average Drawdown Average peak-to-trough decline	-60.15%	-27.33%	-32.82%

Volatility

Volatility by Period

	PATX	AAOX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	119.50%	301.68%	-182.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	119.50%	301.68%	-182.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	119.50%	301.68%	-182.18%

PATX vs. AAOX - Expense Ratio Comparison

Both PATX and AAOX have an expense ratio of 1.49%.

Dividends

PATX vs. AAOX - Dividend Comparison

Neither PATX nor AAOX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PATX and AAOX in my portfolio?

PATX and AAOX have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PATX or AAOX?

Both ETFs have the same 1.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PATX or AAOX?

PATX and AAOX have the same expense ratio: 1.49% per year.

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

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

What is the main difference between PATX and AAOX?

PATX tracks UiPath, Inc. (PATH), while AAOX tracks Applied Optoelectronics, Inc. (AAOI).