TEMT vs. APPX

Last updated Jun 4, 2026

TEMT (Tradr 2X Long TEM Daily ETF) and APPX (Tradr 2X Long APP Daily ETF) are both Leveraged Equities funds from Tradr. Both are actively managed. Over the past year, TEMT returned -65.86% vs -6.08% for APPX. At a 0.29 correlation, their price movements are largely independent. Both charge a 1.30% expense ratio.

Performance

TEMT vs. APPX - Performance Comparison

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

Returns By Period

In the year-to-date period, TEMT achieves a -48.53% return, which is significantly higher than APPX's -53.50% return.

TEMT

• 1D: -8.68%
• 1M: -30.37%
• YTD: -48.53%
• 6M: -68.84%
• 1Y: -65.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

APPX

• 1D: -3.79%
• 1M: 30.52%
• YTD: -53.50%
• 6M: -55.75%
• 1Y: -6.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TEMT vs. APPX - Yearly Performance Comparison

	2026 (YTD)	2025
TEMT Tradr 2X Long TEM Daily ETF	-48.53%	-51.84%
APPX Tradr 2X Long APP Daily ETF	-53.50%	150.09%

Correlation

The correlation between TEMT and APPX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (All Time) Calculated using the full available price history since May 14, 2025	0.29

Return for Risk

TEMT vs. APPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TEMT

TEMT Risk / Return Rank: 4
TEMT Sharpe Ratio Rank: 4
TEMT Sortino Ratio Rank: 6
TEMT Omega Ratio Rank: 6
TEMT Calmar Ratio Rank: 3
TEMT Martin Ratio Rank: 4

APPX

APPX Risk / Return Rank: 13
APPX Sharpe Ratio Rank: 9
APPX Sortino Ratio Rank: 19
APPX Omega Ratio Rank: 21
APPX Calmar Ratio Rank: 8
APPX Martin Ratio Rank: 9

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TEMT vs. APPX - Risk-Adjusted Trends Comparison

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

	TEMT	APPX	Difference
Sharpe ratio: Return per unit of total volatility	-0.53	-0.04	-0.48
Sortino ratio: Return per unit of downside risk	-0.36	0.96	-1.32
Omega ratio: Gain probability vs. loss probability	0.96	1.13	-0.17
Calmar ratio: Return relative to maximum drawdown	-0.76	-0.07	-0.68
Martin ratio: Return relative to average drawdown	-1.15	-0.12	-1.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TEMT vs. APPX - Sharpe Ratio Comparison

The current TEMT Sharpe Ratio is -0.53, which is lower than the APPX Sharpe Ratio of -0.04. The chart below compares the historical Sharpe Ratios of TEMT and APPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TEMT	APPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.53	-0.04	-0.48
Sharpe Ratio (All Time) Calculated using the full available price history	-0.55	0.62	-1.17

Drawdowns

TEMT vs. APPX - Drawdown Comparison

The maximum TEMT drawdown since its inception was -87.10%, which is greater than APPX's maximum drawdown of -82.40%. Use the drawdown chart below to compare losses from any high point for TEMT and APPX.

Drawdown Indicators

	TEMT	APPX	Difference
Max Drawdown Largest peak-to-trough decline	-87.10%	-82.40%	-4.70%
Max Drawdown (1Y) Largest decline over 1 year	-87.10%	-82.40%	-4.70%
Current Drawdown Current decline from peak	-84.95%	-63.84%	-21.11%
Average Drawdown Average peak-to-trough decline	-48.88%	-37.32%	-11.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	57.16%	48.83%	+8.33%

Volatility

TEMT vs. APPX - Volatility Comparison

The current volatility for Tradr 2X Long TEM Daily ETF (TEMT) is 33.66%, while Tradr 2X Long APP Daily ETF (APPX) has a volatility of 41.73%. This indicates that TEMT experiences smaller price fluctuations and is considered to be less risky than APPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TEMT	APPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.66%	41.73%	-8.07%
Volatility (6M) Calculated over the trailing 6-month period	84.84%	121.72%	-36.88%
Volatility (1Y) Calculated over the trailing 1-year period	125.64%	141.05%	-15.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	134.15%	140.44%	-6.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	134.15%	140.44%	-6.29%

TEMT vs. APPX - Expense Ratio Comparison

Both TEMT and APPX have an expense ratio of 1.30%.

Dividends

TEMT vs. APPX - Dividend Comparison

TEMT's dividend yield for the trailing twelve months is around 65.29%, more than APPX's 20.17% yield.

Position	TTM	2025
APPX Tradr 2X Long APP Daily ETF	20.17%	9.38%
TEMT Tradr 2X Long TEM Daily ETF	65.29%	33.60%

Frequently Asked Questions

Can I hold both TEMT and APPX in my portfolio?

TEMT 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.

Which is riskier, TEMT or APPX?

APPX has higher volatility (41.73%) compared to TEMT (33.66%). In terms of maximum drawdown, TEMT dropped -87.10% vs APPX's -82.40%.

Which ETF is better, TEMT or APPX?

On 1-year performance, APPX leads with -6.08% vs -65.86% for TEMT. Both ETFs have the same 1.30% expense ratio. On volatility, TEMT has been the lower-risk option at 33.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TEMT or APPX?

Over the 1-year period, APPX has performed better with a -6.08% return vs -65.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TEMT or APPX?

TEMT and APPX have the same expense ratio: 1.30% per year.

Which ETF pays a higher dividend yield, TEMT or APPX?

TEMT has the higher dividend yield at 65.29%, compared with 20.17% for APPX.

Which has better risk-adjusted returns?

APPX currently has the higher Sharpe Ratio (-0.04 vs -0.53), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.