AQST vs. AVGX
AQST (Aquestive Therapeutics, Inc.) is a stock, while AVGX (Defiance Daily Target 2X Long AVGO ETF) is Leveraged Equities fund actively managed by Defiance. Over the past year, AQST returned 26.73% vs 156.34% for AVGX. At a 0.27 correlation, their price movements are largely independent.
Performance
AQST vs. AVGX - Performance Comparison
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Returns By Period
In the year-to-date period, AQST achieves a -37.62% return, which is significantly lower than AVGX's 69.89% return.
AQST
- 1D
- 2.54%
- 1M
- -4.50%
- YTD
- -37.62%
- 6M
- -34.47%
- 1Y
- 26.73%
- 3Y*
- 21.26%
- 5Y*
- 1.72%
- 10Y*
- —
AVGX
- 1D
- -0.83%
- 1M
- 29.49%
- YTD
- 69.89%
- 6M
- 35.83%
- 1Y
- 156.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AQST vs. AVGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AQST Aquestive Therapeutics, Inc. | -37.62% | 81.46% | -17.40% |
AVGX Defiance Daily Target 2X Long AVGO ETF | 69.89% | 46.98% | 69.92% |
Correlation
The correlation between AQST and AVGX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2024 | 0.27 |
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Return for Risk
AQST vs. AVGX — Risk / Return Rank
AQST
AVGX
AQST vs. AVGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aquestive Therapeutics, Inc. (AQST) and Defiance Daily Target 2X Long AVGO ETF (AVGX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AQST | AVGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.31 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.44 | 2.91 | -2.47 |
| Martin ratioReturn relative to average drawdown | 0.86 | 6.49 | -5.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AQST | AVGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 1.83 | -1.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.18 | 1.21 | -1.40 |
Drawdowns
AQST vs. AVGX - Drawdown Comparison
The maximum AQST drawdown since its inception was -96.68%, which is greater than AVGX's maximum drawdown of -70.97%. Use the drawdown chart below to compare losses from any high point for AQST and AVGX.
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Drawdown Indicators
| AQST | AVGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.68% | -70.97% | -25.71% |
Max Drawdown (1Y)Largest decline over 1 year | -60.61% | -54.09% | -6.52% |
Max Drawdown (3Y)Largest decline over 3 years | -63.55% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -90.11% | — | — |
Current DrawdownCurrent decline from peak | -78.74% | -0.83% | -77.91% |
Average DrawdownAverage peak-to-trough decline | -76.96% | -22.71% | -54.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.09% | 24.20% | +6.89% |
Volatility
AQST vs. AVGX - Volatility Comparison
The current volatility for Aquestive Therapeutics, Inc. (AQST) is 20.41%, while Defiance Daily Target 2X Long AVGO ETF (AVGX) has a volatility of 23.50%. This indicates that AQST experiences smaller price fluctuations and is considered to be less risky than AVGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AQST | AVGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.41% | 23.50% | -3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 68.93% | 61.90% | +7.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 86.21% | 85.97% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.64% | 104.65% | -22.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 87.78% | 104.65% | -16.87% |
Dividends
AQST vs. AVGX - Dividend Comparison
AQST has not paid dividends to shareholders, while AVGX's dividend yield for the trailing twelve months is around 0.97%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AQST Aquestive Therapeutics, Inc. | 0.00% | 0.00% | 0.00% |
AVGX Defiance Daily Target 2X Long AVGO ETF | 0.97% | 1.65% | 0.81% |
Frequently Asked Questions
AQST and AVGX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVGX has higher volatility (23.50%) compared to AQST (20.41%). In terms of maximum drawdown, AQST dropped -96.68% vs AVGX's -70.97%.
AVGX currently has the higher Sharpe Ratio (1.83 vs 0.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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