PONX vs. LITX

Last updated Jun 3, 2026

PONX (Tradr 2X Long PONY Daily ETF) and LITX (Tradr 2X Long LITE Daily ETF) are both Leveraged Equities funds from Tradr. Both are actively managed. At a 0.22 correlation, their price movements are largely independent. PONX charges 1.30%/yr vs 1.49%/yr for LITX.

Performance

PONX vs. LITX - Performance Comparison

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

Returns By Period

PONX

• 1D: 1.70%
• 1M: 15.16%
• YTD: -58.08%
• 6M: -58.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

LITX

• 1D: 27.08%
• 1M: 7.05%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PONX vs. LITX - Yearly Performance Comparison

	2026 (YTD)
PONX Tradr 2X Long PONY Daily ETF	-62.47%
LITX Tradr 2X Long LITE Daily ETF	421.68%

Correlation

The correlation between PONX and LITX is 0.22, 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 28, 2026	0.22

Return for Risk

PONX vs. LITX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long PONY Daily ETF (PONX) and Tradr 2X Long LITE Daily ETF (LITX). 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

	PONX	LITX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.53	60.22	-60.76

Drawdowns

PONX vs. LITX - Drawdown Comparison

The maximum PONX drawdown since its inception was -92.74%, which is greater than LITX's maximum drawdown of -51.46%. Use the drawdown chart below to compare losses from any high point for PONX and LITX.

Drawdown Indicators

	PONX	LITX	Difference
Max Drawdown Largest peak-to-trough decline	-92.74%	-51.46%	-41.28%
Current Drawdown Current decline from peak	-87.80%	-10.19%	-77.61%
Average Drawdown Average peak-to-trough decline	-65.20%	-14.34%	-50.86%

Volatility

Volatility by Period

	PONX	LITX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	154.50%	198.19%	-43.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	154.50%	198.19%	-43.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	154.50%	198.19%	-43.69%

PONX vs. LITX - Expense Ratio Comparison

PONX has a 1.30% expense ratio, which is lower than LITX's 1.49% expense ratio.

Dividends

PONX vs. LITX - Dividend Comparison

Neither PONX nor LITX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PONX and LITX in my portfolio?

PONX and LITX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PONX or LITX?

On fees, PONX 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, PONX or LITX?

PONX is cheaper with a 1.30% expense ratio, compared with 1.49% for LITX.

Which ETF pays a higher dividend yield, PONX or LITX?

PONX and LITX have nearly identical dividend yields, around 0.00%.

What is the main difference between PONX and LITX?

Their fees differ too: 1.30% for PONX and 1.49% for LITX.