SNDU vs. AAPX

Last updated Aug 1, 2026

SNDU (T-REX 2X Long SNDK Daily Target ETF) and AAPX (T-Rex 2X Long Apple Daily Target ETF) are both Leveraged Equities funds from T-Rex. SNDU is passively managed, while AAPX is actively managed. Their -0.04 correlation means they have often moved in opposite directions in the past. SNDU charges 1.50%/yr vs 1.05%/yr for AAPX.

Performance

SNDU vs. AAPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Long SNDK Daily Target ETF (SNDU) and T-Rex 2X Long Apple Daily Target ETF (AAPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SNDU

• 1D: -10.85%
• 1M: -61.63%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

AAPX

• 1D: -14.30%
• 1M: -0.98%
• 6M: 29.95%
• YTD: 16.24%
• 1Y: 95.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.58%

*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)
AAPX T-Rex 2X Long Apple Daily Target ETF	$2.16M	$2.04M	$2.19M
SNDU T-REX 2X Long SNDK Daily Target ETF	$315.28M	$272.09M	$168.36M

SNDU vs. AAPX - Yearly Performance Comparison

	2026 (YTD)
SNDU T-REX 2X Long SNDK Daily Target ETF	83.06%
AAPX T-Rex 2X Long Apple Daily Target ETF	30.21%

Correlation

The correlation between SNDU and AAPX is -0.04, 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 Mar 12, 2026	-0.04

Return for Risk

SNDU vs. AAPX — Risk / Return Rank

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

SNDU

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

AAPX

AAPX Risk / Return Rank: 69
AAPX Sharpe Ratio Rank: 73
AAPX Sortino Ratio Rank: 67
AAPX Omega Ratio Rank: 72
AAPX Calmar Ratio Rank: 79
AAPX Martin Ratio Rank: 54

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.

SNDU vs. AAPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long SNDK Daily Target ETF (SNDU) and T-Rex 2X Long Apple Daily Target ETF (AAPX). 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.

	SNDU	AAPX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.65	—
Sortino ratio: Return per unit of downside risk	—	2.19	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	2.84	—
Martin ratio: Return relative to average drawdown	—	6.44	—

Drawdowns

SNDU vs. AAPX - Drawdown Comparison

The maximum SNDU drawdown since its inception was -85.50%, which is greater than AAPX's maximum drawdown of -58.55%. Use the drawdown chart below to compare losses from any high point for SNDU and AAPX.

Drawdown Indicators

	SNDU	AAPX	Difference
Max Drawdown Largest peak-to-trough decline	-85.50%	-58.55%	-26.95%
Max Drawdown (1Y) Largest decline over 1 year	—	-30.12%	—
Current Drawdown Current decline from peak	-80.30%	-17.43%	-62.87%
Average Drawdown Average peak-to-trough decline	-22.19%	-18.64%	-3.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.26%	—

Volatility

Volatility by Period

	SNDU	AAPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	23.02%	—
Volatility (6M) Calculated over the trailing 6-month period	—	41.47%	—
Volatility (1Y) Calculated over the trailing 1-year period	249.45%	51.78%	+197.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	249.45%	55.83%	+193.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	249.45%	55.83%	+193.62%

SNDU vs. AAPX - Expense Ratio Comparison

SNDU has a 1.50% expense ratio, which is higher than AAPX's 1.05% expense ratio.

Dividends

SNDU vs. AAPX - Dividend Comparison

SNDU has not paid dividends to shareholders, while AAPX's dividend yield for the trailing twelve months is around 0.57%.

Position	TTM	2025	2024
AAPX T-Rex 2X Long Apple Daily Target ETF	0.57%	0.67%	21.46%
SNDU T-REX 2X Long SNDK Daily Target ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SNDU and AAPX in my portfolio?

SNDU and AAPX have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SNDU or AAPX?

On fees, AAPX is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SNDU or AAPX?

AAPX is cheaper with a 1.05% expense ratio, compared with 1.50% for SNDU.

Which ETF pays a higher dividend yield, SNDU or AAPX?

AAPX has the higher dividend yield at 0.57%, compared with 0.00% for SNDU.

What is the main difference between SNDU and AAPX?

Their fees differ too: 1.50% for SNDU and 1.05% for AAPX.