AVGU vs. FBL
AVGU (GraniteShares 2x Long AVGO Daily ETF) and FBL (GraniteShares 2x Long META Daily ETF) are both Leveraged Equities funds from GraniteShares. Both are actively managed. Over the past year, AVGU returned 34.11% vs -51.24% for FBL. Their 0.30 correlation means their historical movements had little consistent relationship. AVGU charges 1.50%/yr vs 1.09%/yr for FBL.
Performance
AVGU vs. FBL - Performance Comparison
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Returns By Period
In the year-to-date period, AVGU achieves a 6.01% return, which is significantly higher than FBL's -32.11% return.
AVGU
- 1D
- 1.04%
- 1M
- 15.33%
- 6M
- 17.74%
- YTD
- 6.01%
- 1Y
- 34.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 39.51%
FBL
- 1D
- 12.09%
- 1M
- -0.63%
- 6M
- -39.25%
- YTD
- -32.11%
- 1Y
- -51.24%
- 3Y*
- 18.87%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 65.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.09M | $2.95M | $5.92M | |
| $26.92M | $36.90M | $34.91M |
AVGU vs. FBL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AVGU GraniteShares 2x Long AVGO Daily ETF | 6.01% | 33.87% |
FBL GraniteShares 2x Long META Daily ETF | -32.11% | -23.61% |
Correlation
The correlation between AVGU and FBL is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | 0.30 |
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Return for Risk
AVGU vs. FBL — Risk / Return Rank
AVGU
FBL
AVGU vs. FBL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AVGO Daily ETF (AVGU) and GraniteShares 2x Long META Daily ETF (FBL). 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.
| AVGU | FBL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.91 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | -0.81 | +1.46 |
| Martin ratioReturn relative to average drawdown | 1.19 | -1.31 | +2.50 |
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Drawdowns
AVGU vs. FBL - Drawdown Comparison
The maximum AVGU drawdown since its inception was -53.30%, smaller than the maximum FBL drawdown of -63.20%. Use the drawdown chart below to compare losses from any high point for AVGU and FBL.
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Drawdown Indicators
| AVGU | FBL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.30% | -63.20% | +9.90% |
Max Drawdown (1Y)Largest decline over 1 year | -53.30% | -63.09% | +9.79% |
Max Drawdown (3Y)Largest decline over 3 years | — | -63.20% | — |
Current DrawdownCurrent decline from peak | -39.17% | -56.00% | +16.83% |
Average DrawdownAverage peak-to-trough decline | -22.90% | -18.05% | -4.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.67% | 39.12% | -10.45% |
Volatility
AVGU vs. FBL - Volatility Comparison
The current volatility for GraniteShares 2x Long AVGO Daily ETF (AVGU) is 24.87%, while GraniteShares 2x Long META Daily ETF (FBL) has a volatility of 32.20%. This indicates that AVGU experiences smaller price fluctuations and is considered to be less risky than FBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVGU | FBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.87% | 32.20% | -7.33% |
Volatility (6M)Calculated over the trailing 6-month period | 70.09% | 62.23% | +7.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 95.06% | 77.39% | +17.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 93.37% | 73.03% | +20.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 93.37% | 73.03% | +20.34% |
AVGU vs. FBL - Expense Ratio Comparison
AVGU has a 1.50% expense ratio, which is higher than FBL's 1.09% expense ratio.
Dividends
AVGU vs. FBL - Dividend Comparison
AVGU has not paid dividends to shareholders, while FBL's dividend yield for the trailing twelve months is around 3.05%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AVGU GraniteShares 2x Long AVGO Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% |
FBL GraniteShares 2x Long META Daily ETF | 3.05% | 2.07% | 0.00% | 51.58% |
Frequently Asked Questions
AVGU and FBL have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBL has higher volatility (32.20%) compared to AVGU (24.87%). In terms of maximum drawdown, AVGU dropped -53.30% vs FBL's -63.20%.
On 1-year performance, AVGU leads with 34.11% vs -51.24% for FBL. On fees, FBL is cheaper at 1.09% per year. On volatility, AVGU has been the lower-risk option at 24.87%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AVGU has performed better with a 34.11% return vs -51.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FBL is cheaper with a 1.09% expense ratio, compared with 1.50% for AVGU.
FBL has the higher dividend yield at 3.05%, compared with 0.00% for AVGU.
Their fees differ too: 1.50% for AVGU and 1.09% for FBL.
AVGU currently has the higher Sharpe Ratio (0.36 vs -0.67), 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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