RULE vs OPEX

Comparison between ADAPTIVE CORE ETF (RULE, ETF) and Tradr 2X Long OPEN Daily ETF (OPEX, ETF).

RULE vs OPEX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	RULE(ETF)	OPEX(ETF)
Net Assets	$16M	$16M
Expense Ratio	1.84%	N/A
Max Drawdown	30.49%	87.46%
Sharpe Ratio	1.62	-0.61
5Y Beta	0.94	6.10

Net Assets

RULE

$16M

OPEX

$16M

Expense Ratio

RULE

1.84%

OPEX

N/A

Max Drawdown

Winner

RULE

30.49%

OPEX

87.46%

Sharpe Ratio

Winner

RULE

1.62

OPEX

-0.61

5Y Beta

Winner

RULE

0.94

OPEX

6.10

RULE vs OPEX - Historical Returns

Returns include dividend reinvestment.

Period	RULE	OPEX
1 month	+6.49%	-18.25%
3 months	+34.24%	-31.28%
6 months	+41.84%	-70.21%
1 year	+46.54%	N/A
5 years(CAGR)	+6.05%	N/A
Max(CAGR)	+6.05%	-91.70%

Winner

RULE

+6.49%

OPEX

-18.25%

Winner

RULE

+34.24%

OPEX

-31.28%

Winner

RULE

+41.84%

OPEX

-70.21%

RULE

+46.54%

OPEX

N/A

5Y(CAGR)

RULE

+6.05%

OPEX

N/A

Max(CAGR)

Winner

RULE

+6.05%

OPEX

-91.70%

RULE vs OPEX - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	RULE	OPEX
2026	+38.48%	-63.75%
2025	+4.30%	-46.89%
2024	+9.36%	N/A
2023	+6.29%	N/A
2022	-22.80%	N/A
2021	+1.03%	N/A

RULE vs OPEX Drawdown Comparison

The maximum drawdown for RULE was -30.48%, occurring on Oct 27, 2023. Recovery took 1057 trading sessions.

The maximum drawdown for OPEX was -87.46%, occurring on Jun 8, 2026. This drawdown has not yet recovered.

The current RULE drawdown is -3.27%. The current OPEX drawdown is -86.93%.

Rank	RULE	OPEX
#1	-30.48% Nov 8, 2021 - Jan 27, 2026	-87.46% Nov 12, 2025 - Jun 8, 2026
#2	-12.65% Feb 25, 2026 - Apr 14, 2026	-38.06% Oct 27, 2025 - Nov 12, 2025
#3	-9.46% Jun 3, 2026 - Jun 10, 2026	N/A
#4	-6.61% May 14, 2026 - May 26, 2026	N/A
#5	-5.26% Jan 29, 2026 - Feb 25, 2026	N/A
#6	-1.95% Apr 27, 2026 - Apr 30, 2026	N/A
#7	-1.55% May 6, 2026 - May 8, 2026	N/A
#8	-1.46% May 11, 2026 - May 13, 2026	N/A
#9	-1.21% Apr 17, 2026 - Apr 22, 2026	N/A
#10	-1.03% Apr 14, 2026 - Apr 17, 2026	N/A
#11	-0.35% Nov 4, 2021 - Nov 8, 2021	N/A
#12	-0.29% May 26, 2026 - May 29, 2026	N/A
#13	-0.16% Apr 22, 2026 - Apr 24, 2026	N/A
#14	-0.15% May 1, 2026 - May 5, 2026	N/A

Correlation

Correlation between RULE and OPEX is -0.61 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.61

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