AVGG vs. FDL
AVGG (Leverage Shares 2X Long AVGO Daily ETF) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both exchange-traded funds - AVGG is a Leveraged Equities fund actively managed by Leverage Shares, while FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. AVGG is actively managed, while FDL is passively managed. Over the past year, AVGG returned 161.88% vs 23.67% for FDL. At a correlation of -0.15, they often move in opposite directions. AVGG charges 0.76%/yr vs 0.45%/yr for FDL.
Performance
AVGG vs. FDL - Performance Comparison
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Returns By Period
In the year-to-date period, AVGG achieves a 71.17% return, which is significantly higher than FDL's 13.33% return.
AVGG
- 1D
- -0.88%
- 1M
- 29.67%
- YTD
- 71.17%
- 6M
- 37.06%
- 1Y
- 161.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDL
- 1D
- -0.26%
- 1M
- -0.26%
- YTD
- 13.33%
- 6M
- 14.76%
- 1Y
- 23.67%
- 3Y*
- 18.97%
- 5Y*
- 12.51%
- 10Y*
- 11.24%
AVGG vs. FDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AVGG Leverage Shares 2X Long AVGO Daily ETF | 71.17% | 91.29% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 13.33% | 8.97% |
Correlation
The correlation between AVGG and FDL is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (All Time) Calculated using the full available price history since May 19, 2025 | -0.15 |
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Return for Risk
AVGG vs. FDL — Risk / Return Rank
AVGG
FDL
AVGG vs. FDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long AVGO Daily ETF (AVGG) and First Trust Morningstar Dividend Leaders Index Fund (FDL). 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.
| AVGG | FDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 5.56 | -2.53 |
| Martin ratioReturn relative to average drawdown | 6.75 | 13.56 | -6.81 |
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
| AVGG | FDL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.90 | 2.11 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.88 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.52 | 0.45 | +2.06 |
Drawdowns
AVGG vs. FDL - Drawdown Comparison
The maximum AVGG drawdown since its inception was -53.77%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for AVGG and FDL.
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Drawdown Indicators
| AVGG | FDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.77% | -65.93% | +12.16% |
Max Drawdown (1Y)Largest decline over 1 year | -53.77% | -4.27% | -49.50% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.24% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.40% | — |
Current DrawdownCurrent decline from peak | -0.88% | -2.18% | +1.30% |
Average DrawdownAverage peak-to-trough decline | -17.71% | -9.66% | -8.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.09% | 1.75% | +22.34% |
Volatility
AVGG vs. FDL - Volatility Comparison
Leverage Shares 2X Long AVGO Daily ETF (AVGG) has a higher volatility of 23.84% compared to First Trust Morningstar Dividend Leaders Index Fund (FDL) at 2.85%. This indicates that AVGG's price experiences larger fluctuations and is considered to be riskier than FDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVGG | FDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.84% | 2.85% | +20.99% |
Volatility (6M)Calculated over the trailing 6-month period | 61.82% | 7.87% | +53.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 86.10% | 11.28% | +74.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 84.79% | 14.31% | +70.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 84.79% | 17.11% | +67.68% |
AVGG vs. FDL - Expense Ratio Comparison
AVGG has a 0.76% expense ratio, which is higher than FDL's 0.45% expense ratio.
Dividends
AVGG vs. FDL - Dividend Comparison
AVGG's dividend yield for the trailing twelve months is around 1.32%, less than FDL's 3.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVGG Leverage Shares 2X Long AVGO Daily ETF | 1.32% | 2.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 3.68% | 4.04% | 4.96% | 4.58% | 3.58% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.93% | 3.65% |
Frequently Asked Questions
AVGG and FDL have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVGG has higher volatility (23.84%) compared to FDL (2.85%). In terms of maximum drawdown, AVGG dropped -53.77% vs FDL's -65.93%.
On 1-year performance, AVGG leads with 161.88% vs 23.67% for FDL. On fees, FDL is cheaper at 0.45% per year. On volatility, FDL has been the lower-risk option at 2.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AVGG has performed better with a 161.88% return vs 23.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDL is cheaper with a 0.45% expense ratio, compared with 0.76% for AVGG.
FDL has the higher dividend yield at 3.68%, compared with 1.32% for AVGG.
AVGG is categorized as Leveraged Equities, while FDL is Large Cap Value Equities. They also come from different issuers: Leverage Shares and First Trust. Their fees differ too: 0.76% for AVGG and 0.45% for FDL.
FDL currently has the higher Sharpe Ratio (2.11 vs 1.90), 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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