ARKF vs. AVGX

Last updated Jun 13, 2026

ARKF (ARK Fintech Innovation ETF) and AVGX (Defiance Daily Target 2X Long AVGO ETF) are both exchange-traded funds - ARKF is a Blockchain fund actively managed by ARK, while AVGX is a Leveraged Equities fund actively managed by Defiance. Both are actively managed. Over the past year, ARKF returned -11.87% vs 58.36% for AVGX. A 0.52 correlation means they provide meaningful diversification when combined. ARKF charges 0.75%/yr vs 1.29%/yr for AVGX.

Performance

ARKF vs. AVGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ARK Fintech Innovation ETF (ARKF) and Defiance Daily Target 2X Long AVGO ETF (AVGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARKF achieves a -18.31% return, which is significantly lower than AVGX's 3.39% return.

ARKF

• 1D: 0.00%
• 1M: -5.76%
• YTD: -18.31%
• 6M: -21.31%
• 1Y: -11.87%
• 3Y*: 23.97%
• 5Y*: -5.06%
• 10Y*: —

AVGX

• 1D: -1.88%
• 1M: -20.84%
• YTD: 3.39%
• 6M: -5.26%
• 1Y: 58.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ARKF vs. AVGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ARKF ARK Fintech Innovation ETF	-18.31%	28.67%	30.00%
AVGX Defiance Daily Target 2X Long AVGO ETF	3.39%	46.98%	54.13%

Correlation

The correlation between ARKF and AVGX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since Aug 22, 2024	0.52

The correlation between ARKF and AVGX has been stable across timeframes, ranging from 0.46 to 0.52 - a consistent structural relationship.

Return for Risk

ARKF vs. AVGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARKF

ARKF Risk / Return Rank: 7
ARKF Sharpe Ratio Rank: 6
ARKF Sortino Ratio Rank: 7
ARKF Omega Ratio Rank: 7
ARKF Calmar Ratio Rank: 7
ARKF Martin Ratio Rank: 7

AVGX

AVGX Risk / Return Rank: 26
AVGX Sharpe Ratio Rank: 21
AVGX Sortino Ratio Rank: 30
AVGX Omega Ratio Rank: 31
AVGX Calmar Ratio Rank: 26
AVGX Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ARKF vs. AVGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARK Fintech Innovation ETF (ARKF) 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.

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.

	ARKF	AVGX	Difference
Sharpe ratio: Return per unit of total volatility	-0.35	0.64	-1.00
Sortino ratio: Return per unit of downside risk	-0.28	1.44	-1.72
Omega ratio: Gain probability vs. loss probability	0.97	1.19	-0.22
Calmar ratio: Return relative to maximum drawdown	-0.31	1.08	-1.39
Martin ratio: Return relative to average drawdown	-0.57	2.35	-2.92

ARKF vs. AVGX - Sharpe Ratio Comparison

The current ARKF Sharpe Ratio is -0.35, which is lower than the AVGX Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of ARKF and AVGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ARKF vs. AVGX - Drawdown Comparison

The maximum ARKF drawdown since its inception was -78.63%, which is greater than AVGX's maximum drawdown of -70.97%. Use the drawdown chart below to compare losses from any high point for ARKF and AVGX.

Drawdown Indicators

	ARKF	AVGX	Difference
Max Drawdown Largest peak-to-trough decline	-78.63%	-70.97%	-7.66%
Max Drawdown (1Y) Largest decline over 1 year	-38.50%	-54.09%	+15.59%
Max Drawdown (3Y) Largest decline over 3 years	-38.50%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-75.30%	—	—
Current Drawdown Current decline from peak	-38.77%	-39.65%	+0.88%
Average Drawdown Average peak-to-trough decline	-34.95%	-23.11%	-11.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.00%	24.90%	-3.90%

Volatility

ARKF vs. AVGX - Volatility Comparison

The current volatility for ARK Fintech Innovation ETF (ARKF) is 10.36%, while Defiance Daily Target 2X Long AVGO ETF (AVGX) has a volatility of 42.68%. This indicates that ARKF 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.

Volatility by Period

	ARKF	AVGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.36%	42.68%	-32.32%
Volatility (6M) Calculated over the trailing 6-month period	25.14%	71.57%	-46.43%
Volatility (1Y) Calculated over the trailing 1-year period	33.69%	91.19%	-57.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.87%	106.96%	-64.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.77%	106.96%	-67.19%

ARKF vs. AVGX - Expense Ratio Comparison

ARKF has a 0.75% expense ratio, which is lower than AVGX's 1.29% expense ratio.

Dividends

ARKF vs. AVGX - Dividend Comparison

ARKF's dividend yield for the trailing twelve months is around 0.11%, less than AVGX's 1.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ARKF ARK Fintech Innovation ETF	0.11%	0.09%	0.00%	0.00%	0.00%	0.00%	0.37%	1.25%
AVGX Defiance Daily Target 2X Long AVGO ETF	1.60%	1.65%	0.81%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ARKF and AVGX in my portfolio?

ARKF and AVGX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARKF or AVGX?

AVGX has higher volatility (42.68%) compared to ARKF (10.36%). In terms of maximum drawdown, ARKF dropped -78.63% vs AVGX's -70.97%.

Which ETF is better, ARKF or AVGX?

On 1-year performance, AVGX leads with 58.36% vs -11.87% for ARKF. On fees, ARKF is cheaper at 0.75% per year. On volatility, ARKF has been the lower-risk option at 10.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ARKF or AVGX?

Over the 1-year period, AVGX has performed better with a 58.36% return vs -11.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ARKF or AVGX?

ARKF is cheaper with a 0.75% expense ratio, compared with 1.29% for AVGX.

Which ETF pays a higher dividend yield, ARKF or AVGX?

AVGX has the higher dividend yield at 1.60%, compared with 0.11% for ARKF.

What is the main difference between ARKF and AVGX?

ARKF is categorized as Blockchain, while AVGX is Leveraged Equities. They also come from different issuers: ARK and Defiance. Their fees differ too: 0.75% for ARKF and 1.29% for AVGX.

Which has better risk-adjusted returns?

AVGX currently has the higher Sharpe Ratio (0.64 vs -0.35), 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.