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Launched · SEC filings

Tradr 2X Short APLD Daily ETF

APLZCboeCThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$26.98+1.75 (+6.94%)

As of Oct 13, 2026, 3:59 PM

C40/ 100

Rank 31 of 58 in Single-Stock Inverse

C40/100Rank 31 of 58inSingle-Stock Inverse
Intraday session: up, 43 prints from 25.23 to 26.98. Range 26.71 to 29.17. Use the arrow keys to read each point.26.0028.0029.0010 AM12 PM2 PM4 PM
Expense ratio
1.49%
Fund size
$3M
1Y total return
—
Yield · Last 12 months
—
Holdings
2
Avg volume · 30D
0.2M sh
NAV per share
$25.29
52W range
low $11.27high $156.75
Launched
Filings
SEC EDGAR

The ETF.net APLZ Grade

Based on 5 of 6 pillars

C

Score 40 out of 100

Category
Single-Stock Inverse⁠
Rank
31 of 58
Six-pillar profile for APLZ. Scores out of 100: Cost 31, Risk 38, Mission 97, Tradability 37, Holdings not scored, Durability 31. Strongest: Mission (97). Weakest: Durability (31). Based on 5 of 6 pillars.

Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
51
This cap took
−11
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D31 out of 100
    Rank 32 of 58

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A97 out of 100
    Rank 10 of 32

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D38 out of 100
    Rank 33 of 52

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D37 out of 100
    Rank 40 of 58

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D31 out of 100
    Rank 46 of 58

Our read on APLZ

ETF.net Research

CA one-day trade in a fund wrapper: APLZ aims to deliver two times the inverse of Applied Digital's daily move, so bears can lean against the AI data-center story without a margin account or a stock loan.

Stated mandate

The fund seeks daily results equal to two times the inverse performance of Applied Digital Corporation common shares, before fees and expenses. It is designed for a one-trading-day objective rather than a longer holding period.

Why people hold it

  1. 01Pure single-name tool. Instead of a sector basket, it targets one stock, Applied Digital (APLD), at twice the inverse of its daily move.tradretfs.com
  2. 02Short exposure in an ordinary brokerage account: no margin agreement, no locating shares to borrow, no open-ended short losses beyond what you put in.tradretfs.com
  3. 03Tight to its mandate. Day to day, the fund has hewed closely to its stated two-times-inverse objective, one of the stronger tracking records among inverse single-stock funds.

Worth knowing

  1. 01The math resets every day. Hold longer than a session and compounding takes over, so results over a week or a month can drift well away from minus two times the move.
  2. 02At 1.49% a year, it sits above the typical inverse single-stock fund; peers like TSLS and AAPD run cheaper, though they target different stocks at 1x.
  3. 03Young and small: launched in 2026 with a modest asset base, so it has a short track record and thinner trading than the established names in the category.

APLZ Holdings

As of Oct 13, 2026
Asset class
Other
Holdings
2
Top-10 weight
125%
Largest holding
Cashusd81.4%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Cashusd81.41%2,552,426$3M51
002—Cfd Applied Digital Corp43.78%7,373,616$1M1

Showing 1–2 of 2 holdings

APLZ Performance

Launched Jan 21, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
APLZ$9,693
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. APLZ $9,693. SPY $10,332. Use the arrow keys to read each point.$6,119$11,076$16,034Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for APLZ. Periods over one year show the average yearly return.
PeriodAPLZ
Year to dateFund launched this year—
1 month+14.6%
3 months−3.1%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for APLZ
YearReturn barAPLZ
2026 YTD−80.1%

History from Jan 22, 2026

APLZ in the news

Filtered to APLZ · Single-Stock Inverse

APLZ Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Jan 2026. No distributions yet.

APLZ Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Jan 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Jan 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Jan 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
−5.76
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

APLZ Cost

Expense ratio1.49%
  • The middle half of Single-Stock Inverse funds
  • Median 1.35%

27 of the 43 Single-Stock Inverse funds charge less.

APLZ costs $149.00 a year on $10,000. The median Single-Stock Inverse fund costs $135.00.

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