Tradr 2X Long APP Daily ETF (APPX) Performance
APPX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −92.0% since Dec 31, 2025
- 1 year
- −90.3% total return
- Since first price
- −65.8% since 2025
APPX trailing returns vs SPY, QQQ, AGG
| Period | APPX total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −34.0% | −34.0% | −1.0% | −5.0% | +0.9% |
| 3 months | −63.3% | −63.3% | +3.2% | +1.9% | −0.4% |
| 6 months | −75.4% | −75.4% | +7.8% | +8.4% | −1.5% |
| YTD | −92.0% | −92.0% | +12.3% | +15.1% | −1.0% |
| 1 year | −90.3% | −91.0% | +14.4% | +15.9% | −1.1% |
| Since inceptionApr 25, 2025 | −65.8% | −68.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: APPX vs SPY
From Apr 25, 2025: APPX grew to $3,422, SPY to $14,031.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
APPX returns by calendar year
2026 is year to date.
APPX annual returns table
| Year | APPX | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −92.0% | −91.8% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
APPX largest drawdowns
Now 93.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Sep 30, 2025 | −93.8% | Oct 23, 2026 | not yet | 1.1 years | 1.1 years so far |
| Jun 6, 2025 | −40.6% | Jun 20, 2025 | Aug 8, 2025 | 14 days | 2 months |
| Aug 11, 2025 | −22.6% | Aug 20, 2025 | Aug 28, 2025 | 9 days | 17 days |
| Apr 29, 2025 | −13.2% | Apr 30, 2025 | May 2, 2025 | 1 days | 3 days |
| May 14, 2025 | −13.1% | May 22, 2025 | May 27, 2025 | 8 days | 13 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
APPX risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | −41.8% |
| Volatility (annualized) | 181.6% |
| Sharpe ratio | 0.39 |
| Sortino ratio | 0.80 |
| Best month | +118.0% |
| Worst month | −54.6% |
| Best 12 months | +41.7% |
| Worst 12 months | −92.1% |
| Positive months | 41% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
APPX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 7 | −92.1% | −48.5% | +41.7% | 43% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
APPX performance overview
Tradr 2X Long APP Daily ETF (APPX) returned −90.3% over the past year, with distributions reinvested. Since its first recorded price on Apr 25, 2025 it has returned −65.8%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −93.8%, from Sep 30, 2025 to Oct 23, 2026; the fund has not yet regained that high. Volatility has been 181.6% a year.
Related: APPX chart, APPX dividends. See the APPX overview for the latest quote and fund facts.
APPX performance FAQ
What is the APPX return over the past year?
APPX returned −90.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 91.0%.
How much would $10,000 invested in APPX be worth?
$10,000 invested in APPX at its first recorded close on April 25, 2025 would be worth about $3,422 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of APPX?
The largest peak-to-trough decline was −93.8% between September 30, 2025 and October 23, 2026. It has not yet recovered to that high; it is 93.8% below its peak.
How volatile is APPX?
Over the past history APPX had an annualized volatility of 181.6% and a Sharpe ratio of 0.39 (excess return over 1–3 month T-bills per unit of risk).