AAPX vs SPY
T-REX 2X LONG APPLE DAILY TARGET ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. AAPX delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | AAPX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.05% | 0.09% | |
| AUM | $8M | $821.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 5 | 505 | |
| YTD Return | +17.27% | +12.22% | |
| 1Y Return | +58.36% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 44.1% | 15.3% | |
| Max Drawdown | -58.5% | -56.5% | |
| Fund Family | REX Shares | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jan 11, 2024 | Jan 22, 1993 |
AAPX vs SPY Performance
T-REX 2X LONG APPLE DAILY TARGET ETF (AAPX) is a ETF from REX Shares and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year AAPX returned +58.36% while SPY returned +20.83%. Year to date, AAPX is up 17.27% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
AAPX has been the more volatile fund, with annualized monthly volatility of 44.1% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -58.5% for AAPX and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.42. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AAPX charges 1.05% per year while SPY charges 0.09%. On a $10,000 position that is $105 vs $9 annually, a gap of $96 per year that compounds over a long holding period. On income, AAPX currently yields 0.00% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, AAPX or SPY?
AAPX has an expense ratio of 1.05% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $96 per year of difference.
Which performed better, AAPX or SPY?
Over the past year AAPX returned +58.36% vs +20.83% for SPY, so AAPX leads on 1-year performance. Over the longest common window we track (3 years), AAPX annualized +23.37% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, AAPX or SPY?
AAPX has been the more volatile fund at 44.1% annualized versus 15.3% for SPY. Worst drawdown: AAPX -58.5% vs SPY -56.5%.
Should I hold both AAPX and SPY?
AAPX and SPY have a monthly-return correlation of 0.42, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, AAPX or SPY?
AAPX yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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