{"url":"https://etfiq.com/compare/leverage/aplx-vs-aplz","section":"compare","title":"APLX vs APLZ: which held to its multiple? | ETFIQ","description":"APLX sets out to return +2 times APLD each day and APLZ -2 times. Over the three months to Sep 30, 2026 they finished \u22120.3 pts and \u221250.1 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, APLX or APLZ?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, APLX finished 0.3 points from what its multiple implies and APLZ finished 50.1 points from its own, so APLX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are APLX and APLZ levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Applied Digital, APLX at +2 times and APLZ at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, APLX or APLZ?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window APLX\u2019s moved at 89% annualized and APLZ\u2019s at 89%, so APLX has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold APLX or APLZ 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, APLX or APLZ?","acceptedAnswer":{"@type":"Answer","text":"APLX charges 1.51% a year and APLZ charges 1.49%, so APLZ 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":"APLX vs APLZ","item":"https://etfiq.com/compare/leverage/aplx-vs-aplz"}]},{"@type":"WebPage","name":"APLX vs APLZ: which held to its multiple?","description":"APLX sets out to return +2 times APLD each day and APLZ -2 times. Over the three months to Sep 30, 2026 they finished \u22120.3 pts and \u221250.1 pts away.","url":"https://etfiq.com/compare/leverage/aplx-vs-aplz","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, APLX finished 1.7 points short and APLZ 2.0 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of APLX and APLZ","description":"APLX sets out to return +2 times APLD each day and APLZ -2 times. Over the three months to Sep 30, 2026 they finished \u22120.3 pts and \u221250.1 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/aplx-vs-aplz","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":6872,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / APLX vs APLZ \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n APLX vs APLZ: which held to its multiple?\n\n Over three months against its own daily promise, APLX finished 1.7 points short and APLZ 2.0 points short.\n Copy this for sharing \n \n Tradr 2X Long APLD Daily ETF and Tradr 2X Short APLD Daily ETF.\n\n Download as PDF \n\n \u221263.0% APLX returned, 3 months \n +12.7% APLZ returned, 3 months \n \u22120.3 pts APLX from its stated multiple \n \u221250.1 pts APLZ from its stated multiple \n\n ETFIQ Decay Resistance Score: APLX scores higher\n Did it keep ","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/aplx-vs-aplz","a":{"ticker":"APLX","name":"Tradr 2X Long APLD Daily ETF","issuer":"Tradr","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: APLX returned \u221263.0% where its own daily promise gave \u221261.3%, 1.7 points short.","url":"https://etfiq.com/funds/aplx","key_facts":[{"label":"What APLD did","value":"\u221231.4%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221261.3%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221263.0%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22121.7 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$59m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.51%","as_of":"2026-09-30","source":"485BPOS XBRL, Jul 23, 2026"}]},"b":{"ticker":"APLZ","name":"Tradr 2X Short APLD Daily ETF","issuer":"Tradr","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: APLZ returned +12.7% where its own daily promise gave +14.6%, 2.0 points short.","url":"https://etfiq.com/funds/aplz","key_facts":[{"label":"What APLD did","value":"\u221231.4%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"+14.6%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+12.7%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22122.0 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$5m","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 20, 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/aplx-vs-aplz"}