TEMT vs. UPSX

Last updated Aug 1, 2026

TEMT (Tradr 2X Long TEM Daily ETF) and UPSX (Tradr 2X Long UPST Daily ETF) are both Leveraged Equities funds from Tradr. Both are actively managed. Over the past year, TEMT returned -64.23% vs -93.97% for UPSX. Their 0.54 correlation means they have sometimes moved together and sometimes differently. Both charge a 1.30% expense ratio.

Performance

TEMT vs. UPSX - 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 UPST Daily ETF (UPSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TEMT achieves a -61.22% return, which is significantly higher than UPSX's -73.09% return.

TEMT

• 1D: -1.26%
• 1M: -49.43%
• 6M: -60.71%
• YTD: -61.22%
• 1Y: -64.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -73.78%

UPSX

• 1D: 2.70%
• 1M: -39.78%
• 6M: -64.92%
• YTD: -73.09%
• 1Y: -93.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -86.24%

*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)
TEMT Tradr 2X Long TEM Daily ETF	$4.30M	$4.03M	$6.40M
UPSX Tradr 2X Long UPST Daily ETF	$648.21K	$750.89K	$1.45M

TEMT vs. UPSX - Yearly Performance Comparison

	2026 (YTD)	2025
TEMT Tradr 2X Long TEM Daily ETF	-61.22%	-41.79%
UPSX Tradr 2X Long UPST Daily ETF	-73.09%	-61.18%

Correlation

The correlation between TEMT and UPSX is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.57
Correlation (All Time) Calculated using the full available price history since Jun 10, 2025	0.54

The correlation between TEMT and UPSX has been stable across timeframes, ranging from 0.54 to 0.57 - a consistent structural relationship.

Return for Risk

TEMT vs. UPSX — Risk / Return Rank

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

TEMT

TEMT Risk / Return Rank: 5
TEMT Sharpe Ratio Rank: 5
TEMT Sortino Ratio Rank: 7
TEMT Omega Ratio Rank: 7
TEMT Calmar Ratio Rank: 3
TEMT Martin Ratio Rank: 4

UPSX

UPSX Risk / Return Rank: 2
UPSX Sharpe Ratio Rank: 4
UPSX Sortino Ratio Rank: 1
UPSX Omega Ratio Rank: 1
UPSX Calmar Ratio Rank: 0
UPSX Martin Ratio Rank: 3

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.

TEMT vs. UPSX - 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 UPST Daily ETF (UPSX). 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.

	TEMT	UPSX	Difference
Sharpe ratio: Return per unit of total volatility	-0.51	-0.69	+0.18
Sortino ratio: Return per unit of downside risk	-0.28	-1.75	+1.48
Omega ratio: Gain probability vs. loss probability	0.97	0.80	+0.17
Calmar ratio: Return relative to maximum drawdown	-0.74	-1.00	+0.25
Martin ratio: Return relative to average drawdown	-1.02	-1.18	+0.15

TEMT vs. UPSX - Sharpe Ratio Comparison

The current TEMT Sharpe Ratio is -0.51, which is comparable to the UPSX Sharpe Ratio of -0.69. The chart below compares the historical Sharpe Ratios of TEMT and UPSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TEMT vs. UPSX - Drawdown Comparison

The maximum TEMT drawdown since its inception was -89.82%, smaller than the maximum UPSX drawdown of -95.03%. Use the drawdown chart below to compare losses from any high point for TEMT and UPSX.

Drawdown Indicators

	TEMT	UPSX	Difference
Max Drawdown Largest peak-to-trough decline	-89.82%	-95.03%	+5.21%
Max Drawdown (1Y) Largest decline over 1 year	-89.82%	-94.81%	+4.99%
Current Drawdown Current decline from peak	-88.66%	-94.70%	+6.04%
Average Drawdown Average peak-to-trough decline	-53.22%	-69.55%	+16.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	64.92%	80.18%	-15.26%

Volatility

TEMT vs. UPSX - Volatility Comparison

Tradr 2X Long TEM Daily ETF (TEMT) has a higher volatility of 38.17% compared to Tradr 2X Long UPST Daily ETF (UPSX) at 23.48%. This indicates that TEMT's price experiences larger fluctuations and is considered to be riskier than UPSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TEMT	UPSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	38.17%	23.48%	+14.69%
Volatility (6M) Calculated over the trailing 6-month period	97.91%	98.83%	-0.92%
Volatility (1Y) Calculated over the trailing 1-year period	131.47%	137.84%	-6.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	136.82%	136.77%	+0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	136.82%	136.77%	+0.05%

TEMT vs. UPSX - Expense Ratio Comparison

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

Dividends

TEMT vs. UPSX - Dividend Comparison

TEMT's dividend yield for the trailing twelve months is around 86.66%, while UPSX has not paid dividends to shareholders.

Position	TTM	2025
TEMT Tradr 2X Long TEM Daily ETF	86.66%	33.60%
UPSX Tradr 2X Long UPST Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both TEMT and UPSX in my portfolio?

TEMT and UPSX have a correlation of 0.57, 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 UPSX?

TEMT has higher volatility (38.17%) compared to UPSX (23.48%). In terms of maximum drawdown, TEMT dropped -89.82% vs UPSX's -95.03%.

Which ETF is better, TEMT or UPSX?

On 1-year performance, TEMT leads with -64.23% vs -93.97% for UPSX. Both ETFs have the same 1.30% expense ratio. On volatility, UPSX has been the lower-risk option at 23.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TEMT or UPSX?

Over the 1-year period, TEMT has performed better with a -64.23% return vs -93.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TEMT or UPSX?

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

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

TEMT has the higher dividend yield at 86.66%, compared with 0.00% for UPSX.

Which has better risk-adjusted returns?

TEMT currently has the higher Sharpe Ratio (-0.51 vs -0.69), 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.