{"url":"https://etfiq.com/compare/leverage/aaox-vs-aaoz","section":"compare","title":"AAOX vs AAOZ: which held to its multiple? | ETFIQ","description":"AAOX sets out to return +2 times AAOI each day and AAOZ -2 times. Over the month to Sep 30, 2026 they finished \u22123.8 pts and \u22129.1 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, AAOX or AAOZ?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, AAOX finished 9.6 points from what its multiple implies and AAOZ finished 9.1 points from its own, so AAOZ came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are AAOX and AAOZ levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Applied Optoelectronics, AAOX at +2 times and AAOZ at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, AAOX or AAOZ?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window AAOX\u2019s moved at 122% annualized and AAOZ\u2019s at 64%, so AAOX has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold AAOX or AAOZ for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, AAOX or AAOZ?","acceptedAnswer":{"@type":"Answer","text":"AAOX charges 1.49% a year and AAOZ charges 1.49%, so AAOX is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"AAOX vs AAOZ","item":"https://etfiq.com/compare/leverage/aaox-vs-aaoz"}]},{"@type":"WebPage","name":"AAOX vs AAOZ: which held to its multiple?","description":"AAOX sets out to return +2 times AAOI each day and AAOZ -2 times. Over the month to Sep 30, 2026 they finished \u22123.8 pts and \u22129.1 pts away.","url":"https://etfiq.com/compare/leverage/aaox-vs-aaoz","dateModified":"2026-09-30","abstract":"Over a month against its own daily promise, AAOX finished 1.5 points short and AAOZ 0.2 points over.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of AAOX and AAOZ","description":"AAOX sets out to return +2 times AAOI each day and AAOZ -2 times. Over the month to Sep 30, 2026 they finished \u22123.8 pts and \u22129.1 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/aaox-vs-aaoz","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6376,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / AAOX vs AAOZ \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n AAOX vs AAOZ: which held to its multiple?\n\n Over a month against its own daily promise, AAOX finished 1.5 points short and AAOZ 0.2 points over.\n Copy this for sharing \n \n Tradr 2X Long AAOI Daily ETF and Tradr 2X Short AAOI Daily ETF.\n\n Download as PDF \n\n \u221266.8% AAOX returned, 3 months \n \u221255.2% AAOZ returned, since launch \n \u22129.6 pts AAOX from its stated multiple \n \u221273.2 pts AAOZ from its stated multiple \n\n AAOX 9.6 pts short of its stated multiple \u00b7 3 months to Sep 30, ","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/aaox-vs-aaoz","a":{"ticker":"AAOX","name":"Tradr 2X Long AAOI Daily ETF","issuer":"Tradr","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: AAOX returned \u221266.8% where its own daily promise gave \u221264.9%, 1.9 points short.","url":"https://etfiq.com/funds/aaox","key_facts":[{"label":"What AAOI did","value":"\u221228.6%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221264.9%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221266.8%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22121.9 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$233m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.49%","as_of":"2026-09-30","source":"485BPOS XBRL, Jan 26, 2026"}]},"b":{"ticker":"AAOZ","name":"Tradr 2X Short AAOI Daily ETF","issuer":"Tradr","desk":"leverage","as_of":"2026-09-30","verdict":"One month to Sep 30, 2026: AAOZ returned +6.5% where its own daily promise gave +6.4%, 0.2 points over.","url":"https://etfiq.com/funds/aaoz","key_facts":[{"label":"What AAOI did","value":"\u22127.8%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"+6.4%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+6.5%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+0.2 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$6m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.49%","as_of":"2026-09-30","source":"485BPOS XBRL, Jun 23, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/aaox-vs-aaoz"}