- Issuer
- Direxion
- Inception Date
- Oct 9, 2024
- Category
- Inverse Equities
- Leveraged
- -1x
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Assets Under Management
- $8M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
AVS Performance Chart
Direxion Daily AVGO Bear 1X Shares (AVS) is down 18.6% since the beginning of the year. AVS is currently trading at $8 per share.
Loading charts...
Returns By Period
Direxion Daily AVGO Bear 1X Shares (AVS) has returned -18.56% so far this year and -45.65% over the past 12 months.
Direxion Daily AVGO Bear 1X Shares
- 1D
- -4.37%
- 1M
- 3.45%
- YTD
- -18.56%
- 6M
- -23.29%
- 1Y
- -45.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.21%
- 1M
- 0.23%
- YTD
- 8.39%
- 6M
- 10.39%
- 1Y
- 24.03%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.61%
AVS Monthly Returns History
Based on dividend-adjusted daily data since Oct 10, 2024, AVS's average daily return is -0.21%, while the average monthly return is -4.24%.
Historically, 48% of months were positive and 52% were negative. The best month was Mar 2025 with a return of +16.3%, while the worst month was Dec 2024 at -36.3%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 8 months.
On a daily basis, AVS closed higher 47% of trading days. The best single day was Jan 27, 2025 with a return of +17.5%, while the worst single day was Dec 13, 2024 at -24.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.92% | 2.89% | 2.06% | -26.93% | -7.20% | 10.06% | -18.56% | ||||||
| 2025 | 1.44% | 9.79% | 16.32% | -18.40% | -20.65% | -13.02% | -6.24% | -1.16% | -11.70% | -12.14% | -9.78% | 14.17% | -45.96% |
| 2024 | 8.89% | 5.00% | -36.28% | -27.15% |
Benchmark Metrics
Direxion Daily AVGO Bear 1X Shares has an annualized alpha of -19.55%, beta of -1.92, and R2 of 0.36 versus S&P 500 Index. Calculated based on daily prices since October 10, 2024.
- This ETF participated in 25.52% of S&P 500 Index downside but only -116.13% of its upside - more exposed to losses than it benefited from rallies.
- Beta of -1.92 may look defensive, but with R2 of 0.36 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.36 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
- -19.55%
- Beta
- -1.92
- R²
- 0.36
- Upside Capture
- -116.13%
- Downside Capture
- 25.52%
Expense Ratio
AVS has a high expense ratio of 0.98%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
AVS ranks 1 for risk / return — in the bottom 1% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Direxion Daily AVGO Bear 1X Shares (AVS) 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.
| AVS | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.93 | ||
| Sortino ratioReturn per unit of downside risk | -4.11 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.35 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 2.65 | -3.50 |
| Martin ratioReturn relative to average drawdown | -1.42 | 11.88 | -13.30 |
Dividends
Dividend History
Direxion Daily AVGO Bear 1X Shares provided a 3.75% dividend yield over the last twelve months, with an annual payout of $0.29 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.29 | $0.40 | $0.29 |
Dividend yield | 3.75% | 4.22% | 1.63% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily AVGO Bear 1X Shares. 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 | $0.06 | $0.00 | $0.00 | $0.00 | $0.06 | ||||||
| 2025 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.13 | $0.40 |
| 2024 | $0.29 | $0.29 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Direxion Daily AVGO Bear 1X Shares. 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 Direxion Daily AVGO Bear 1X Shares was 76.77%, occurring on Jun 2, 2026. The portfolio has not yet recovered.
The current Direxion Daily AVGO Bear 1X Shares drawdown is 72.36%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -76.77%Jun 2026 | 1y 6mo | — | 1y 6moNov 2024 - now |
2024 pullback2024 | -8.47%Nov 2024 | 2d | 8d | 10dNov 2024 - Nov 2024 |
2024 pullback2024 | -4.35%Oct 2024 | 4d | 2d | 6dOct 2024 - Oct 2024 |
2024 pullback2024 | -3.15%Oct 2024 | 1d | 6d | 7dOct 2024 - Oct 2024 |
2024 pullback2024 | -0.61%Nov 2024 | 5d | 1d | 6dNov 2024 - Nov 2024 |
Drawdown Indicators
| AVS | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.77% | -56.78% | -19.99% |
Max Drawdown (1Y)Largest decline over 1 year | -54.07% | -9.10% | -44.97% |
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 | -72.36% | -2.49% | -69.87% |
Average DrawdownAverage peak-to-trough decline | -49.30% | -10.72% | -38.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.49% | 2.03% | +30.46% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with AVS
Add Direxion Daily AVGO Bear 1X Shares to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with AVS