UPSX vs. ASTX

Last updated Jul 14, 2026

UPSX (Tradr 2X Long UPST Daily ETF) and ASTX (Tradr 2X Long ASTS Daily ETF) are both Leveraged Equities funds from Tradr. Both are actively managed. Over the past year, UPSX returned -91.32% vs -42.09% for ASTX. At a 0.33 correlation, their price movements are largely independent. Both charge a 1.30% expense ratio.

Performance

UPSX vs. ASTX - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with UPSX having a -63.96% return and ASTX slightly higher at -61.97%.

UPSX

• 1D: -7.13%
• 1M: 2.23%
• 6M: -65.70%
• YTD: -63.96%
• 1Y: -91.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASTX

• 1D: -15.53%
• 1M: -39.48%
• 6M: -77.89%
• YTD: -61.97%
• 1Y: -42.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UPSX vs. ASTX - Yearly Performance Comparison

	2026 (YTD)	2025
UPSX Tradr 2X Long UPST Daily ETF	-63.96%	-77.95%
ASTX Tradr 2X Long ASTS Daily ETF	-61.97%	63.68%

Correlation

The correlation between UPSX and ASTX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	0.33

Return for Risk

UPSX vs. ASTX — Risk / Return Rank

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

UPSX

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

ASTX

ASTX Risk / Return Rank: 14
ASTX Sharpe Ratio Rank: 7
ASTX Sortino Ratio Rank: 27
ASTX Omega Ratio Rank: 24
ASTX Calmar Ratio Rank: 5
ASTX Martin Ratio Rank: 6

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.

UPSX vs. ASTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long UPST Daily ETF (UPSX) and Tradr 2X Long ASTS Daily ETF (ASTX). 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.

	UPSX	ASTX	Difference
Sharpe ratio: Return per unit of total volatility	-0.66	-0.20	-0.47
Sortino ratio: Return per unit of downside risk	-1.36	1.25	-2.61
Omega ratio: Gain probability vs. loss probability	0.84	1.14	-0.30
Calmar ratio: Return relative to maximum drawdown	-0.96	-0.50	-0.46
Martin ratio: Return relative to average drawdown	-1.17	-0.80	-0.37

UPSX vs. ASTX - Sharpe Ratio Comparison

The current UPSX Sharpe Ratio is -0.66, which is lower than the ASTX Sharpe Ratio of -0.20. The chart below compares the historical Sharpe Ratios of UPSX and ASTX, 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

UPSX vs. ASTX - Drawdown Comparison

The maximum UPSX drawdown since its inception was -95.01%, which is greater than ASTX's maximum drawdown of -84.62%. Use the drawdown chart below to compare losses from any high point for UPSX and ASTX.

Drawdown Indicators

	UPSX	ASTX	Difference
Max Drawdown Largest peak-to-trough decline	-95.01%	-84.62%	-10.39%
Max Drawdown (1Y) Largest decline over 1 year	-95.01%	-84.62%	-10.39%
Current Drawdown Current decline from peak	-92.90%	-84.62%	-8.28%
Average Drawdown Average peak-to-trough decline	-68.29%	-47.33%	-20.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	77.79%	52.44%	+25.35%

Volatility

UPSX vs. ASTX - Volatility Comparison

The current volatility for Tradr 2X Long UPST Daily ETF (UPSX) is 33.31%, while Tradr 2X Long ASTS Daily ETF (ASTX) has a volatility of 73.52%. This indicates that UPSX experiences smaller price fluctuations and is considered to be less risky than ASTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UPSX	ASTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.31%	73.52%	-40.21%
Volatility (6M) Calculated over the trailing 6-month period	101.18%	163.21%	-62.03%
Volatility (1Y) Calculated over the trailing 1-year period	138.49%	215.94%	-77.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	139.13%	215.62%	-76.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	139.13%	215.62%	-76.49%

UPSX vs. ASTX - Expense Ratio Comparison

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

Dividends

UPSX vs. ASTX - Dividend Comparison

Neither UPSX nor ASTX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both UPSX and ASTX in my portfolio?

UPSX and ASTX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UPSX or ASTX?

ASTX has higher volatility (73.52%) compared to UPSX (33.31%). In terms of maximum drawdown, UPSX dropped -95.01% vs ASTX's -84.62%.

Which ETF is better, UPSX or ASTX?

On 1-year performance, ASTX leads with -42.09% vs -91.32% for UPSX. Both ETFs have the same 1.30% expense ratio. On volatility, UPSX has been the lower-risk option at 33.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UPSX or ASTX?

Over the 1-year period, ASTX has performed better with a -42.09% return vs -91.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UPSX or ASTX?

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

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

UPSX and ASTX have nearly identical dividend yields, around 0.00%.

Which has better risk-adjusted returns?

ASTX currently has the higher Sharpe Ratio (-0.20 vs -0.66), 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.