SMU vs. APPX
SMU (Tradr 2X Long SMR Daily ETF) and APPX (Tradr 2X Long APP Daily ETF) are both Leveraged Equities funds from Tradr. Both are actively managed. At a 0.29 correlation, their price movements are largely independent. Both charge a 1.30% expense ratio.
Performance
SMU vs. APPX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SMU having a -67.70% return and APPX slightly lower at -68.41%.
SMU
- 1D
- -6.80%
- 1M
- -19.47%
- YTD
- -67.70%
- 6M
- -74.93%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
APPX
- 1D
- -0.77%
- 1M
- -10.55%
- YTD
- -68.41%
- 6M
- -73.04%
- 1Y
- 0.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMU vs. APPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMU Tradr 2X Long SMR Daily ETF | -67.70% | -91.57% |
APPX Tradr 2X Long APP Daily ETF | -68.41% | 202.70% |
Correlation
The correlation between SMU and APPX is 0.29, 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 Jul 11, 2025 | 0.29 |
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Return for Risk
SMU vs. APPX — Risk / Return Rank
SMU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
APPX
SMU vs. APPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long SMR Daily ETF (SMU) and Tradr 2X Long APP Daily ETF (APPX). 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.
| SMU | APPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.14 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.01 | — |
| Martin ratioReturn relative to average drawdown | — | 0.02 | — |
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Drawdowns
SMU vs. APPX - Drawdown Comparison
The maximum SMU drawdown since its inception was -98.96%, which is greater than APPX's maximum drawdown of -82.40%. Use the drawdown chart below to compare losses from any high point for SMU and APPX.
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Drawdown Indicators
| SMU | APPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.96% | -82.40% | -16.56% |
Max Drawdown (1Y)Largest decline over 1 year | — | -82.40% | — |
Current DrawdownCurrent decline from peak | -98.63% | -75.43% | -23.20% |
Average DrawdownAverage peak-to-trough decline | -76.80% | -38.59% | -38.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 49.87% | — |
Volatility
SMU vs. APPX - Volatility Comparison
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Volatility by Period
| SMU | APPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 41.31% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 122.50% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 204.50% | 141.33% | +63.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 204.50% | 139.76% | +64.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 204.50% | 139.76% | +64.74% |
SMU vs. APPX - Expense Ratio Comparison
Both SMU and APPX have an expense ratio of 1.30%.
Dividends
SMU vs. APPX - Dividend Comparison
SMU has not paid dividends to shareholders, while APPX's dividend yield for the trailing twelve months is around 29.69%.
| Position | TTM | 2025 |
|---|---|---|
APPX Tradr 2X Long APP Daily ETF | 29.69% | 9.38% |
SMU Tradr 2X Long SMR Daily ETF | 0.00% | 0.00% |
Frequently Asked Questions
SMU and APPX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 1.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SMU and APPX have the same expense ratio: 1.30% per year.
APPX has the higher dividend yield at 29.69%, compared with 0.00% for SMU.
Find the right allocation for SMU and APPX
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