Data as of .
APPC vs APPX: which held to its multiple?
Over the days both have traded, APPC finished 2.0 points from its stated multiple and APPX 2.5.
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| APPC | APPX | APPC | APPX | APPC | APPX | |
| 1 month | +11.3% | +10.8% | +13.3% | +13.3% | −2.0 pts | −2.5 pts |
| 3 months | not published | −64.5% | not published | −69.6% | not published | +5.1 pts |
| 6 months | not published | −63.4% | not published | −58.7% | not published | −4.7 pts |
| 1 year | not published | −84.4% | not published | −86.6% | not published | +2.2 pts |
| Since launch | −66.0% | −44.6% | −74.2% | +34.0% | +8.3 pts | −78.6 pts |
| APPC Corgi APP 2x Daily ETF Aims to return twice the daily move of APP | APPX Tradr 2X Long APP Daily ETF Aims to return twice the daily move of APP | |
|---|---|---|
| Issuer | Corgi | Tradr |
| Sets out to return | +2x | +2x |
| On | APP | APP |
| Segment | company | company |
| Fund returned, 3 months | +11.3% | −64.5% |
| Underlying returned, 3 months | +6.7% | −34.8% |
| What the stated multiple implies, 3 months | +13.3% | −69.6% |
| Difference from stated, 3 months | −2.0 pts | +5.1 pts |
| Fund returned, 1 year or since launch | −66.0% | −84.4% |
| Difference from stated, over that window | +8.3 pts | +2.2 pts |
| Underlying volatility | 32% | 68% |
| Difference over the days both have traded | −2.0 pts | −2.5 pts |
| Expense ratio | 0.45% | 1.36% |
| Launched | Jun 30, 2026 | Apr 25, 2025 |
APPC in plain words
One month to Sep 11, 2026: APPC returned +11.3% where its own daily promise gave +12.8%, 1.5 points short. Read the multiple against the whole window instead and +2 times APP's 6.7% implies +13.3%, which makes APPC look 2.0 points short. 0.6 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. APPC aims to return +2 times APP's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. APP moved at 32% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
APPX in plain words
Three months to Sep 11, 2026: APPX returned −64.5% where its own daily promise gave −63.2%, 1.2 points short. Read the multiple against the whole window instead and +2 times APP's −34.8% implies −69.6%, which makes APPX look 5.1 points over. 6.4 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. APPX aims to return +2 times APP's move each day, then resets. APP moved at 68% annualized over that window.
Questions people ask
- Which came closer to its stated multiple, APPC or APPX?
- Over the window to Sep 11, 2026, APPC finished 2.0 points from what its multiple implies and APPX finished 5.1 points from its own, so APPC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are APPC and APPX levered on the same thing?
- Yes. Both are levered on APP, APPC at +2 times and APPX at +2 times the daily move.
- Which one decays faster, APPC or APPX?
- Decay follows how much the underlying moves about. Over this window APPC’s moved at 32% annualized and APPX’s at 68%, so APPX has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold APPC or APPX for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
- Which is cheaper, APPC or APPX?
- APPC charges 0.45% a year and APPX charges 1.36%, so APPC is cheaper. Fees come from each fund's prospectus.
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, APPC against APPX, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/APPC-APPX Free to use with attribution; the underlying files are at Open data.