PDDL vs. BEX
PDDL (GraniteShares 2x Long PDD Daily ETF) and BEX (Tradr 2X Long BE Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their -0.07 correlation means they have often moved in opposite directions in the past. PDDL charges 1.50%/yr vs 1.30%/yr for BEX.
Performance
PDDL vs. BEX - Performance Comparison
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Returns By Period
PDDL
- 1D
- 3.01%
- 1M
- 13.21%
- 6M
- -34.07%
- YTD
- -48.41%
- 1Y
- -48.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -42.28%
BEX
- 1D
- -0.74%
- 1M
- -51.56%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $83.57M | $80.37M | $68.34M | |
| $308.86K | $338.46K | $731.85K |
PDDL vs. BEX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
PDDL GraniteShares 2x Long PDD Daily ETF | -18.94% |
BEX Tradr 2X Long BE Daily ETF | -69.85% |
Correlation
The correlation between PDDL and BEX is -0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 26, 2026 | -0.07 |
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Return for Risk
PDDL vs. BEX — Risk / Return Rank
PDDL
BEX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PDDL vs. BEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long PDD Daily ETF (PDDL) and Tradr 2X Long BE Daily ETF (BEX). 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.
| PDDL | BEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.88 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | — | — |
| Martin ratioReturn relative to average drawdown | -1.18 | — | — |
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Drawdowns
PDDL vs. BEX - Drawdown Comparison
The maximum PDDL drawdown since its inception was -76.06%, smaller than the maximum BEX drawdown of -82.16%. Use the drawdown chart below to compare losses from any high point for PDDL and BEX.
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Drawdown Indicators
| PDDL | BEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.06% | -82.16% | +6.10% |
Max Drawdown (1Y)Largest decline over 1 year | -76.06% | — | — |
Current DrawdownCurrent decline from peak | -66.24% | -72.82% | +6.58% |
Average DrawdownAverage peak-to-trough decline | -35.54% | -41.43% | +5.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.12% | — | — |
Volatility
PDDL vs. BEX - Volatility Comparison
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Volatility by Period
| PDDL | BEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.94% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 53.11% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 67.64% | 264.69% | -197.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.30% | 264.69% | -197.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.30% | 264.69% | -197.39% |
PDDL vs. BEX - Expense Ratio Comparison
PDDL has a 1.50% expense ratio, which is higher than BEX's 1.30% expense ratio.
Dividends
PDDL vs. BEX - Dividend Comparison
PDDL's dividend yield for the trailing twelve months is around 0.65%, while BEX has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BEX Tradr 2X Long BE Daily ETF | 0.00% | 0.00% |
PDDL GraniteShares 2x Long PDD Daily ETF | 0.65% | 0.33% |
Frequently Asked Questions
PDDL and BEX have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BEX is cheaper at 1.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BEX is cheaper with a 1.30% expense ratio, compared with 1.50% for PDDL.
PDDL has the higher dividend yield at 0.65%, compared with 0.00% for BEX.
They also come from different issuers: GraniteShares and Tradr. Their fees differ too: 1.50% for PDDL and 1.30% for BEX.
Find the right allocation for PDDL and BEX
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