Which came closer to its stated multiple, APPC or APPX?

Over the window to Sep 30, 2026, APPC finished 19.8 points from what its multiple implies and APPX finished 19.6 points from its own, so APPX 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 Applovin, 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 62% annualized and APPX’s at 62%, so APPC 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.

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APPC vs APPX: which held to its multiple?

Over the days both have traded, APPC finished 19.8 points from its stated multiple and APPX 19.6. Corgi APP 2x Daily ETF and Tradr 2X Long APP Daily ETF.

−77.3%

APPC returned, 3 months

−77.5%

APPX returned, 3 months

+19.8 pts

APPC from its stated multiple

+19.6 pts

APPX from its stated multiple

APPC · 3 months to Sep 30, 202619.8 pts ahead of its stated multiple

APPC returned −77.3% while 2 times APP's move would have been −97.1%

APPX · 3 months to Sep 30, 202619.6 pts ahead of its stated multiple

APPX returned −77.5% while 2 times APP's move would have been −97.1%

ETFIQ Decay Resistance Score · APPC scores higherDid it keep up with its own daily multiple, compounded day by day?

APPC 98.6

APPX 97.9

0.1, the lowest in this set99.9, the highest

A percentile among the 470 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it → How it is computed →

Performance, window by window

	Total return		Multiple would give		Difference
Window	APPC	APPX	APPC	APPX	APPC	APPX
1 month	−15.5%	−15.7%	−13.9%	−13.9%	−1.6 pts	−1.9 pts
3 months	−77.3%	−77.5%	−97.1%	−97.1%	+19.8 pts	+19.6 pts
6 months	not published	−58.1%	not published	−50.2%	not published	−7.9 pts
1 year	not published	−92.0%	not published	−119.2%	not published	+27.1 pts
Since launch APPC Jun 2026 · APPX Apr 2025	−73.0%	−56.1%	−87.3%	+9.8%	+14.3 pts	−65.9 pts

APPC and APPX over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

APPC

Corgi APP 2x Daily ETF · Aims to return twice the daily move of Applovin (APP)

APPX

Tradr 2X Long APP Daily ETF · Aims to return twice the daily move of Applovin (APP)

Issuer Corgi Tradr

Sets out to return +2x +2x

Underlying asset APP APP

Segment company company

Fund returned, 3 months or since launch −77.3% −77.5%

Underlying returned, over that window −48.6% −48.6%

What the stated multiple implies, over that window −97.1% −97.1%

Difference from stated, over that window +19.8 pts +19.6 pts

Fund returned, 1 year or since launch −73.0% −92.0%

Difference from stated, over that window +14.3 pts +27.1 pts

Underlying volatility 62% 62%

Difference over the days both have traded +19.8 pts +19.6 pts

Expense ratio 0.45% 1.36%

Launched Jun 30, 2026 Apr 25, 2025

Net assets $356,965 $74m

APPC and APPX on the same fields, as of Sep 30, 2026. Source: ETFIQ.

APPC in plain words

Three months to Sep 30, 2026: APPC returned −77.3% where its own daily promise gave −76.8%, 0.4 points short. Read the multiple against the whole window instead and 2 times APP's −48.6% implies −97.1%, which makes APPC look 19.8 points over. 20.3 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 62% 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 30, 2026: APPX returned −77.5% where its own daily promise gave −76.8%, 0.7 points short. Read the multiple against the whole window instead and 2 times APP's −48.6% implies −97.1%, which makes APPX look 19.6 points over. APPX aims to return +2 times APP's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, APPC or APPX?: Over the window to Sep 30, 2026, APPC finished 19.8 points from what its multiple implies and APPX finished 19.6 points from its own, so APPX 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 Applovin, 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 62% annualized and APPX’s at 62%, so APPC 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.

Other comparisons

APPC on its own →APPX on its own →How every figure is computed →Standards and sources →

Where these figures came from

APPC filings on SEC EDGAR ↗APPC prospectus with the expense ratio (SEC) ↗Corgi website ↗APPX filings on SEC EDGAR ↗APPX prospectus with the expense ratio (SEC) ↗Tradr website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, APPC against APPX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/appc-vs-appx

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.