# APLX (Tradr 2X Long APLD Daily ETF)

Tradr · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: APLX returned −69.8% where its own daily promise gave −68.3%, 1.6 points short.

## Key facts

- APLX, what APLD did: −38.1%, as of Sep 11, 2026.
- APLX, what +2 times a day gives: −68.3%, as of Sep 11, 2026.
- APLX, what the fund returned: −69.8%, as of Sep 11, 2026.
- APLX, the fund itself cost: −1.6 pts, as of Sep 11, 2026.
- APLX, net assets: $61m (source, as filed for Jun 30, 2026).
- APLX, expense ratio: 1.51% (485BPOS XBRL, Jul 23, 2026).

## APLX over each window to Sep 11, 2026

| Window | Fund | APLD | +2x the move | Difference | APLD moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −32.1% | −15.2% | −30.4% | −1.7 pts | 70% |
| 3 months | −69.8% | −38.1% | −76.3% | +6.4 pts | 87% |
| 6 months | −45.6% | −2.3% | −4.7% | −41.0 pts | 98% |
| 1 year | −32.9% | +53.8% | +107.6% | −140.5 pts | 104% |
| Since launch | −15.5% | +73.8% | +147.6% | −163.1 pts | 104% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of APLD, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.83 times, against +2 stated | ETFIQ |
| Underlying | APLD | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $61m | source, as filed for Jun 30, 2026 |
| Expense ratio | 1.51% | 485BPOS XBRL, Jul 23, 2026 |
| Launched | Sep 9, 2025 | ETFIQ |
| Underlying volatility over the window | 87% annualized | ETFIQ |

## Questions

### Did APLX return +2 times APLD?

Over the window to Sep 11, 2026, APLD moved −38.1% and APLX returned −69.8%. 2 times that move is −76.3%, so the fund came out 6.4 points ahead of it.

### Why does APLX not return +2 times over a year?

Because it resets daily. APLX aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, APLX, data as of Sep 11, 2026. https://etfiq.com/funds/APLX
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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