# APLX (Tradr 2X Long APLD Daily ETF)

Tradr · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: APLX returned −63.0% where its own daily promise gave −61.3%, 1.7 points short.

## Key facts

- APLX, what APLD did: −31.4%, as of Sep 30, 2026.
- APLX, what 2 times a day gives: −61.3%, as of Sep 30, 2026.
- APLX, what the fund returned: −63.0%, as of Sep 30, 2026.
- APLX, the fund itself cost: −1.7 pts, as of Sep 30, 2026.
- APLX, net assets: $59m (the issuer’s own daily fund list, as of Sep 30, 2026).
- APLX, expense ratio: 1.51% (485BPOS XBRL, Jul 23, 2026).

## APLX over each window to Sep 30, 2026

| Window | Fund | APLD | +2x the move | Difference | APLD moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −13.5% | −4.1% | −8.2% | −5.3 pts | 74% |
| 3 months | −63.0% | −31.4% | −62.8% | −0.3 pts | 89% |
| 6 months | −40.9% | −0.5% | −1.0% | −39.9 pts | 94% |
| 1 year | −66.8% | +6.2% | +12.5% | −79.2 pts | 103% |
| Since launch | −30.5% | +60.3% | +120.7% | −151.1 pts | 103% |

## 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 | +2.01 times, against +2 stated | ETFIQ |
| Underlying | APLD | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $59m | the issuer’s own daily fund list, as of Sep 30, 2026 |
| Expense ratio | 1.51% | 485BPOS XBRL, Jul 23, 2026 |
| Launched | Sep 9, 2025 | ETFIQ |
| Underlying volatility over the window | 89% annualized | ETFIQ |

## Questions

### Did APLX return +2 times APLD?

Over the window to Sep 30, 2026, APLD moved −31.4% and APLX returned −63.0%. 2 times that move is −62.8%, so the fund came out 0.3 points short 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 30, 2026. https://etfiq.com/funds/aplx
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/aplx  ·  JSON: https://etfiq.com/funds/aplx.json