UPSX vs. TEMT

Last updated Aug 1, 2026

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

Performance

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

Returns By Period

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

UPSX

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

TEMT

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

*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

UPSX vs. TEMT - Yearly Performance Comparison

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

Correlation

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

Return for Risk

UPSX vs. TEMT — Risk / Return Rank

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

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

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

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.

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

UPSX vs. TEMT - Sharpe Ratio Comparison

The current UPSX Sharpe Ratio is -0.69, which is lower than the TEMT Sharpe Ratio of -0.51. The chart below compares the historical Sharpe Ratios of UPSX and TEMT, 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. TEMT - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

UPSX vs. TEMT - Volatility Comparison

The current volatility for Tradr 2X Long UPST Daily ETF (UPSX) is 23.48%, while Tradr 2X Long TEM Daily ETF (TEMT) has a volatility of 38.17%. This indicates that UPSX experiences smaller price fluctuations and is considered to be less risky than TEMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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

UPSX vs. TEMT - Expense Ratio Comparison

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

Dividends

UPSX vs. TEMT - Dividend Comparison

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

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 UPSX and TEMT in my portfolio?

UPSX and TEMT 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, UPSX or TEMT?

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

Which ETF is better, UPSX or TEMT?

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, UPSX or TEMT?

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, UPSX or TEMT?

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

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

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.