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Beacon

APLZTradr 2X Short Apld Daily ETF

Take a betNewRanked #592 of 775 in this goal

Seeks daily investment results of -200% of the daily performance of Applied Digital Corporation (APLD).

By AXS · Launched 2026

Annual Cost

1.49%

#5,410 of 5,562 · expensive

Fund Size

$7M

#4,936 of 5,562 · small

Return (1Y)Goal

N/A

Track Record

5 months

#5,197 of 5,562 · young

Performance

Total-return NAV · USD
Growth of $10,000
$1,192-88.1%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Inverse

Focus

Single Stock

What it actually holds

By weight

Asset allocation

Cash
102.6%
Stocks
2.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
N/A
Max drawdown
-91.8%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks daily investment results of -200% of the daily performance of Applied Digital Corporation (APLD).
Strategy
Invests primarily in financial instruments providing 2x inverse leveraged exposure to APLD. Designed for short-term trading and requires active monitoring due to compounding effects.
Inception date
January 21, 2026
Fund family
AXS

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged single stock
Critical

Leveraged single-stock ETF — documented structural drag

Single-stock leveraged ETFs magnify one stock's daily move. Research on these products (Bessembinder et al., 2024) finds 56% posted negative absolute returns over one year, with ~9.5% annual drag versus the underlying stock. Daily rebalancing plus financing costs work against the investor on any holding period longer than a few days.

Source: Bessembinder, Cooper, Zhang — 'Leveraged Single-Stock ETFs' (SSRN 2024)

Why we flagged this: strategy=inverse + single_stock_wrapper

Inverse
Warning

Inverse ETF — daily tool only

Delivers the inverse of the benchmark's daily return. The compounding path makes multi-day holding unpredictable even when the benchmark's total move goes your way. Legitimate as a one-day hedge; dangerous as a view.

Source: Cheng & Madhavan (2009)

Why we flagged this: strategy=inverse + inverse_name_or_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19