AVGO vs. AVGX
AVGO (Broadcom 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, AVGO returned 50.90% vs 58.56% for AVGX. With a 1.00 correlation, they move nearly in lockstep.
Performance
AVGO vs. AVGX - Performance Comparison
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Returns By Period
In the year-to-date period, AVGO achieves a 10.24% return, which is significantly higher than AVGX's 1.56% return.
AVGO
- 1D
- -3.06%
- 1M
- -8.06%
- YTD
- 10.24%
- 6M
- 9.23%
- 1Y
- 50.90%
- 3Y*
- 68.61%
- 5Y*
- 54.78%
- 10Y*
- 41.81%
AVGX
- 1D
- -6.24%
- 1M
- -20.53%
- YTD
- 1.56%
- 6M
- -0.53%
- 1Y
- 58.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVGO vs. AVGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AVGO Broadcom Inc. | 10.24% | 50.63% | 40.68% |
AVGX Defiance Daily Target 2X Long AVGO ETF | 1.56% | 46.98% | 54.13% |
Correlation
The correlation between AVGO and AVGX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2024 | 1.00 |
The correlation between AVGO and AVGX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
AVGO vs. AVGX — Risk / Return Rank
AVGO
AVGX
AVGO vs. AVGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Broadcom Inc. (AVGO) 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.
| AVGO | AVGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.19 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 1.09 | +0.70 |
| Martin ratioReturn relative to average drawdown | 4.04 | 2.30 | +1.74 |
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Drawdowns
AVGO vs. AVGX - Drawdown Comparison
The maximum AVGO drawdown since its inception was -48.30%, smaller than the maximum AVGX drawdown of -70.97%. Use the drawdown chart below to compare losses from any high point for AVGO and AVGX.
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Drawdown Indicators
| AVGO | AVGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.30% | -70.97% | +22.67% |
Max Drawdown (1Y)Largest decline over 1 year | -28.67% | -54.09% | +25.42% |
Max Drawdown (3Y)Largest decline over 3 years | -41.15% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -41.15% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -48.30% | — | — |
Current DrawdownCurrent decline from peak | -20.94% | -40.72% | +19.78% |
Average DrawdownAverage peak-to-trough decline | -8.00% | -23.29% | +15.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.64% | 25.54% | -12.90% |
Volatility
AVGO vs. AVGX - Volatility Comparison
The current volatility for Broadcom Inc. (AVGO) is 21.76%, while Defiance Daily Target 2X Long AVGO ETF (AVGX) has a volatility of 45.03%. This indicates that AVGO 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
| AVGO | AVGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.76% | 45.03% | -23.27% |
Volatility (6M)Calculated over the trailing 6-month period | 33.46% | 67.59% | -34.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.50% | 92.99% | -46.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.63% | 107.26% | -63.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.60% | 107.26% | -67.66% |
Dividends
AVGO vs. AVGX - Dividend Comparison
AVGO's dividend yield for the trailing twelve months is around 0.67%, less than AVGX's 1.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVGO Broadcom Inc. | 0.67% | 0.70% | 0.94% | 1.71% | 3.02% | 2.24% | 3.05% | 3.54% | 3.11% | 1.87% | 1.43% | 1.13% |
AVGX Defiance Daily Target 2X Long AVGO ETF | 1.63% | 1.65% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 1.00, AVGO and AVGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
AVGX has higher volatility (45.03%) compared to AVGO (21.76%). In terms of maximum drawdown, AVGO dropped -48.30% vs AVGX's -70.97%.
AVGO currently has the higher Sharpe Ratio (1.10 vs 0.63), 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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