AVGG vs. CMGG

Last updated Jun 24, 2026

AVGG (Leverage Shares 2X Long AVGO Daily ETF) and CMGG (Leverage Shares 2X Long CMG Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. At a 0.02 correlation, their price movements are largely independent. AVGG charges 0.76%/yr vs 0.75%/yr for CMGG.

Performance

AVGG vs. CMGG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long AVGO Daily ETF (AVGG) and Leverage Shares 2X Long CMG Daily ETF (CMGG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVGG achieves a 2.81% return, which is significantly higher than CMGG's -37.52% return.

AVGG

• 1D: -5.88%
• 1M: -19.99%
• YTD: 2.81%
• 6M: 0.66%
• 1Y: 63.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CMGG

• 1D: 2.82%
• 1M: -12.95%
• YTD: -37.52%
• 6M: -40.08%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVGG vs. CMGG - Yearly Performance Comparison

	2026 (YTD)	2025
AVGG Leverage Shares 2X Long AVGO Daily ETF	2.81%	-3.25%
CMGG Leverage Shares 2X Long CMG Daily ETF	-37.52%	36.20%

Correlation

The correlation between AVGG and CMGG is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	0.02

Return for Risk

AVGG vs. CMGG — Risk / Return Rank

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

AVGG

AVGG Risk / Return Rank: 25
AVGG Sharpe Ratio Rank: 21
AVGG Sortino Ratio Rank: 29
AVGG Omega Ratio Rank: 30
AVGG Calmar Ratio Rank: 26
AVGG Martin Ratio Rank: 21

CMGG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

AVGG vs. CMGG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long AVGO Daily ETF (AVGG) and Leverage Shares 2X Long CMG Daily ETF (CMGG). 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.

	AVGG	CMGG	Difference
Sharpe ratio: Return per unit of total volatility	0.68	—	—
Sortino ratio: Return per unit of downside risk	1.48	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.18	—	—
Martin ratio: Return relative to average drawdown	2.49	—	—

Drawdowns

AVGG vs. CMGG - Drawdown Comparison

The maximum AVGG drawdown since its inception was -53.77%, smaller than the maximum CMGG drawdown of -56.75%. Use the drawdown chart below to compare losses from any high point for AVGG and CMGG.

Drawdown Indicators

	AVGG	CMGG	Difference
Max Drawdown Largest peak-to-trough decline	-53.77%	-56.75%	+2.98%
Max Drawdown (1Y) Largest decline over 1 year	-53.77%	—	—
Current Drawdown Current decline from peak	-40.47%	-48.19%	+7.72%
Average Drawdown Average peak-to-trough decline	-18.53%	-23.37%	+4.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.42%	—	—

Volatility

Volatility by Period

	AVGG	CMGG	Difference
Volatility (1M) Calculated over the trailing 1-month period	44.97%	—	—
Volatility (6M) Calculated over the trailing 6-month period	67.51%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	92.96%	68.93%	+24.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	90.61%	68.93%	+21.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.61%	68.93%	+21.68%

AVGG vs. CMGG - Expense Ratio Comparison

AVGG has a 0.76% expense ratio, which is higher than CMGG's 0.75% expense ratio.

Dividends

AVGG vs. CMGG - Dividend Comparison

AVGG's dividend yield for the trailing twelve months is around 2.20%, while CMGG has not paid dividends to shareholders.

Position	TTM	2025
AVGG Leverage Shares 2X Long AVGO Daily ETF	2.20%	2.26%
CMGG Leverage Shares 2X Long CMG Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVGG and CMGG in my portfolio?

AVGG and CMGG have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AVGG or CMGG?

On fees, CMGG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AVGG or CMGG?

CMGG is cheaper with a 0.75% expense ratio, compared with 0.76% for AVGG.

Which ETF pays a higher dividend yield, AVGG or CMGG?

AVGG has the higher dividend yield at 2.20%, compared with 0.00% for CMGG.

What is the main difference between AVGG and CMGG?

Their fees differ too: 0.76% for AVGG and 0.75% for CMGG.