- CUSIP
- 88636J238
- Issuer
- Defiance
- Inception Date
- Aug 21, 2024
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $213M
Highlights
- Avg. Volume (1M)
- 548K
- Avg. Volume Value (1M)
- $26.11M
Share Price Chart
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Performance
AVGX Performance Chart
Defiance Daily Target 2X Long AVGO ETF (AVGX) is up 3.2% since the beginning of the year. AVGX is currently trading at $48 per share.
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Returns By Period
Defiance Daily Target 2X Long AVGO ETF (AVGX) has returned 3.16% so far this year and 27.98% over the past 12 months.
Defiance Daily Target 2X Long AVGO ETF
- 1D
- 0.88%
- 1M
- 14.62%
- 6M
- 15.19%
- YTD
- 3.16%
- 1Y
- 27.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 54.94%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
AVGX Monthly Returns History
Based on dividend-adjusted daily data since Aug 22, 2024, AVGX's average daily return is +0.40%, while the average monthly return is +7.39%. At this rate, an investment would double in approximately 0.8 years.
Historically, 54% of months were positive and 46% were negative. The best month was Dec 2024 with a return of +87.0%, while the worst month was Jun 2026 at -32.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.
On a daily basis, AVGX closed higher 53% of trading days. The best single day was Dec 13, 2024 with a return of +46.5%, while the worst single day was Jan 27, 2025 at -34.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -10.45% | -9.05% | -8.38% | 77.19% | 12.08% | -32.70% | 3.42% | 3.16% | |||||
| 2025 | -14.71% | -21.05% | -32.20% | 22.64% | 54.66% | 27.68% | 11.16% | 0.40% | 19.76% | 21.13% | 15.34% | -28.79% | 46.98% |
| 2024 | -9.95% | 7.70% | -5.20% | -10.36% | 87.03% | 54.13% |
Benchmark Metrics
Defiance Daily Target 2X Long AVGO ETF has an annualized alpha of 41.67%, beta of 4.00, and R2 of 0.38 versus S&P 500 Index. Calculated based on daily prices since August 22, 2024.
- This ETF captured 569.80% of S&P 500 Index gains and 286.83% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- R2 of 0.38 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 41.67%
- Beta
- 4.00
- R²
- 0.38
- Upside Capture
- 569.80%
- Downside Capture
- 286.83%
Expense Ratio
AVGX has a high expense ratio of 1.29%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
AVGX ranks 21 for risk / return — above 21% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Defiance Daily Target 2X Long AVGO ETF (AVGX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AVGX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.25 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | 2.00 | -1.57 |
| Martin ratioReturn relative to average drawdown | 0.81 | 8.49 | -7.68 |
Dividends
Dividend History
Defiance Daily Target 2X Long AVGO ETF provided a 1.60% dividend yield over the last twelve months, with an annual payout of $0.78 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.78 | $0.78 | $0.26 |
Dividend yield | 1.60% | 1.65% | 0.81% |
Monthly Dividends
The table displays the monthly dividend distributions for Defiance Daily Target 2X Long AVGO ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.78 | $0.78 |
| 2024 | $0.26 | $0.26 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Defiance Daily Target 2X Long AVGO ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Defiance Daily Target 2X Long AVGO ETF was 70.97%, occurring on Apr 4, 2025. Recovery took 70 trading sessions.
The current Defiance Daily Target 2X Long AVGO ETF drawdown is 39.79%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-70.97%Apr 2025 | 3mo 18d | 3mo 14d | 7mo 2dDec 2024 - Jul 2025 | 2025 selloff2025 |
-54.09%Mar 2026 | 3mo 19d | 2mo | 5mo 19dDec 2025 - May 2026 | — |
-47.47%Jul 2026 | 29d | — | 2moJun 2026 - now | — |
-37.74%Sep 2024 | 15d | 18d | 1mo 3dAug 2024 - Sep 2024 | — |
-28.67%Nov 2024 | 1mo 18d | 16d | 2mo 4dOct 2024 - Dec 2024 | — |
Drawdown Indicators
| AVGX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.97% | -56.78% | -14.19% |
Max Drawdown (1Y)Largest decline over 1 year | -54.09% | -9.10% | -44.99% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -39.79% | -1.58% | -38.21% |
Average DrawdownAverage peak-to-trough decline | -24.30% | -10.70% | -13.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.91% | 2.14% | +26.77% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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