APPX vs FRNW
Comparison between TRADR 2X LONG APP DAILY ETF (APPX, ETF) and FIDELITY CLEAN ENERGY ETF (FRNW, ETF).
APPX vs FRNW - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
APPX
$140M
Winner
FRNW
$141M
Expense Ratio
APPX
N/A
FRNW
0.39%
Max Drawdown
APPX
83.70%
Winner
FRNW
60.67%
Sharpe Ratio
APPX
0.67
Winner
FRNW
2.09
5Y Beta
APPX
4.51
Winner
FRNW
0.85
P/E Ratio
APPX
N/A
FRNW
-3.77
Forward P/E
APPX
N/A
FRNW
21.48
PEG Ratio
APPX
N/A
FRNW
-0.00
Debt to Equity
APPX
N/A
FRNW
-146.48%
P/S Ratio
APPX
N/A
FRNW
0.82
P/B Ratio
APPX
N/A
FRNW
4.82
APPX vs FRNW - Historical Returns
Returns include dividend reinvestment.
1M
Winner
APPX
+29.12%
FRNW
-1.12%
3M
APPX
+5.05%
Winner
FRNW
+15.36%
6M
APPX
-57.10%
Winner
FRNW
+23.94%
1Y
APPX
-6.10%
Winner
FRNW
+73.01%
5Y(CAGR)
APPX
N/A
FRNW
+1.04%
Max(CAGR)
Winner
APPX
+85.06%
FRNW
+1.04%
APPX vs FRNW - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | APPX | FRNW |
|---|---|---|
| 2026 | -44.94% | +20.31% |
| 2025 | +330.87% | +48.65% |
| 2024 | N/A | -19.59% |
| 2023 | N/A | -19.15% |
| 2022 | N/A | -12.49% |
| 2021 | N/A | -2.85% |
APPX vs FRNW Drawdown Comparison
The maximum drawdown for APPX was -82.35%, occurring on Mar 30, 2026. This drawdown has not yet recovered.
The maximum drawdown for FRNW was -59.37%, occurring on Apr 8, 2025. This drawdown has not yet recovered.
The current APPX drawdown is -64.13%. The current FRNW drawdown is -9.27%.
| Rank | APPX | FRNW |
|---|---|---|
| #1 | -82.35% Sep 30, 2025 - Mar 30, 2026 | -59.37% Nov 1, 2021 - Apr 8, 2025 |
| #2 | -40.63% Jun 6, 2025 - Aug 8, 2025 | -1.71% Oct 7, 2021 - Oct 12, 2021 |
| #3 | -22.62% Aug 11, 2025 - Aug 28, 2025 | -1.39% Oct 21, 2021 - Oct 25, 2021 |
| #4 | -13.20% Apr 29, 2025 - May 2, 2025 | -0.52% Oct 25, 2021 - Oct 27, 2021 |
| #5 | -13.11% May 14, 2025 - May 27, 2025 | -0.26% Oct 28, 2021 - Nov 1, 2021 |
| #6 | -6.20% May 8, 2025 - May 12, 2025 | -0.19% Oct 15, 2021 - Oct 19, 2021 |
| #7 | -4.24% Sep 4, 2025 - Sep 8, 2025 | N/A |
| #8 | -3.41% May 2, 2025 - May 8, 2025 | N/A |
| #9 | -3.40% Sep 23, 2025 - Sep 26, 2025 | N/A |
| #10 | -3.06% May 28, 2025 - May 30, 2025 | N/A |
| #11 | -2.35% Aug 28, 2025 - Sep 3, 2025 | N/A |
| #12 | -2.04% Sep 19, 2025 - Sep 23, 2025 | N/A |
| #13 | -1.34% Jun 2, 2025 - Jun 4, 2025 | N/A |
| #14 | -0.76% Jun 4, 2025 - Jun 6, 2025 | N/A |
Correlation
Correlation between APPX and FRNW is 0.06 which considered as a very weak or no correlation - the stocks move independently of each other.
0.06
-101
Dividend Comparison (2021 - 2026)
APPX vs FRNW dividend yield comparison.
| Year | APPX | FRNW |
|---|---|---|
| 2026 | 0.00% | 0.06% |
| 2025 | 9.38% | 1.25% |
| 2024 | 0.00% | 1.43% |
| 2023 | 0.00% | 1.30% |
| 2022 | 0.00% | 0.69% |
| 2021 | 0.00% | 0.04% |
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