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Launched

Tradr 2X Long APP Daily ETF

APPXNasdaqTradrDThis 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.

$6.47+0.02 (+0.31%)

At close: Nov 2, 2026, 4:00 PM ET

D39/ 100

Rank 280 of 380 in Single-Stock Long Leveraged

D39/100Rank 280 of 380inSingle-Stock Long Leveraged
Intraday session: up, 79 prints from 6.45 to 6.47. Range 6.41 to 7.06. Use the arrow keys to read each point.6.606.807.0010 AM12 PM2 PM4 PM
Expense ratio
1.36%
Fund size
$48M
1Y total return
−93.6%
Yield · Last 12 months
No data
Holdings
1
Avg volume · 30D
1.23M sh
52W range
low $6.23high $137.64
Launched

The ETF.net APPX Grade

D

Score 39 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
280 of 380
Six-pillar profile for APPX. Scores out of 100: Cost 21, Risk 26, Mission 95, Tradability 80, Holdings 39, Durability 70. Strongest: Mission (95). Weakest: Cost (21). Leans toward Mission.

Score 39 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F21 out of 100
    Rank 300 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A95 out of 100
    Rank 40 of 150

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D26 out of 100
    Rank 320 of 368

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A80 out of 100
    Rank 41 of 380

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D39 out of 100
    Rank 5 of 6

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A70 out of 100
    Rank 60 of 380

Our read on APPX

ETF.net Research

In short

DOne stock, one day, double the move. APPX aims for 200% of AppLovin's daily return and has tracked that target closely. The trade-off: 1.36% a year, above what most rival 2x single-stock funds charge.

Stated mandate

Seeks daily, before-fee-and-expense results equal to 200% of the daily performance of AppLovin Corp. common shares.

Why people hold it

  • Does exactly one thing: targets 200% of AppLovin's daily move before fees, and day to day it has landed close to that mark.tradretfs.com
  • Volume and spreads put it among the easier names to get in and out of in a crowded field of roughly 380 leveraged single-stock funds.
  • Against that same peer group the overall build lands in the upper half: solid on the mechanics, with price the main thing holding it back.

Worth knowing

  • At 1.36% with no fee waiver, it is pricier than 2x peers like TSMG at 0.76% and OKTG at 0.75%, also unwaived. Financing costs for the leverage sit on top of that.
  • Leverage resets daily. Hold longer than a day and compounding takes over, so multi-day results can diverge from 2x the stock's move over the same stretch.tradretfs.com
  • One ticker, doubled, trading since April 2025. No diversification cushion, and only a short history to judge the fund by.nasdaq.com

APPX Performance

Launched Apr 24, 2025

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.
APPX$637
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. APPX $637. SPY $11,199. Use the arrow keys to read each point.$0$5,000$10,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 APPX. Periods over one year show the average yearly return.
PeriodAPPX
Year to date−93.9%
1 month−40.5%
3 months−71.4%
1 year−93.6%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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 APPX
YearReturn barAPPX
2026 YTD−93.9%
2025+330.9%

History from Apr 25, 2025

APPX in the news

APPX Dividends

Last payment
$9.98 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 26, 2025 $9.98. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 26, 2025Dec 30, 2025$9.98

$10,000 in APPX 1 year ago paid $909 in dividends.

APPX Risk

Risk pillarD26 out of 100Rank 320 of 368 in Single-Stock Long Leveraged

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.
180.3%
Annualised · 18 months to Oct 2026
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.
0.22
vs 3-month T-bills · 18 months to Oct 2026
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.
−95.3%
18 months · trough Oct 2026
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.
7.24
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.

FMP measures it over up to five years of monthly returns.

APPX Cost

Compare APPX and GOGL

Overpaying vs GOGL, tied cheapest in Single-Stock Long Leveraged

$20,105

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • APPX 1.36%

    $24,260

  • GOGL 0.20% Tied cheapest

    $4,155

$10,000
30 years

Cost over time

  • APPX 1.36%
  • GOGL 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530APPX $24,260GOGL $4,155

Year by year

YearAPPXGOGLOverpaying
10$2,362$365$1,997
20$8,735$1,421$7,314
30$24,260$4,155$20,105

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