AVGW vs. AVGX

Last updated Jun 3, 2026

AVGW (Roundhill AVGO WeeklyPay™ ETF) and AVGX (Defiance Daily Target 2X Long AVGO ETF) are both exchange-traded funds - AVGW is a Derivative Income fund actively managed by Roundhill, while AVGX is a Leveraged Equities fund actively managed by Defiance. Both are actively managed. With a 1.00 correlation, they move nearly in lockstep. AVGW charges 0.99%/yr vs 1.29%/yr for AVGX.

Performance

AVGW vs. AVGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill AVGO WeeklyPay™ ETF (AVGW) 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, AVGW achieves a 45.85% return, which is significantly lower than AVGX's 71.32% return.

AVGW

• 1D: 5.65%
• 1M: 17.26%
• YTD: 45.85%
• 6M: 28.98%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVGX

• 1D: 9.37%
• 1M: 27.57%
• YTD: 71.32%
• 6M: 36.28%
• 1Y: 175.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVGW vs. AVGX - Yearly Performance Comparison

	2026 (YTD)	2025
AVGW Roundhill AVGO WeeklyPay™ ETF	45.85%	20.91%
AVGX Defiance Daily Target 2X Long AVGO ETF	71.32%	23.03%

Correlation

The correlation between AVGW 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 (All Time) Calculated using the full available price history since Jul 25, 2025	1.00

Return for Risk

AVGW vs. AVGX — Risk / Return Rank

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

AVGX

AVGX Risk / Return Rank: 56
AVGX Sharpe Ratio Rank: 60
AVGX Sortino Ratio Rank: 53
AVGX Omega Ratio Rank: 51
AVGX Calmar Ratio Rank: 69
AVGX Martin Ratio Rank: 47

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.

AVGW vs. AVGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill AVGO WeeklyPay™ ETF (AVGW) 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.

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

Sharpe Ratios by Period

	AVGW	AVGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.76	1.23	+0.54

Drawdowns

AVGW vs. AVGX - Drawdown Comparison

The maximum AVGW drawdown since its inception was -34.65%, smaller than the maximum AVGX drawdown of -70.97%. Use the drawdown chart below to compare losses from any high point for AVGW and AVGX.

Drawdown Indicators

	AVGW	AVGX	Difference
Max Drawdown Largest peak-to-trough decline	-34.65%	-70.97%	+36.32%
Max Drawdown (1Y) Largest decline over 1 year	—	-54.09%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-12.24%	-22.76%	+10.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	24.20%	—

Volatility

Volatility by Period

	AVGW	AVGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	23.68%	—
Volatility (6M) Calculated over the trailing 6-month period	—	62.51%	—
Volatility (1Y) Calculated over the trailing 1-year period	53.74%	86.11%	-32.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.74%	104.76%	-51.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.74%	104.76%	-51.02%

AVGW vs. AVGX - Expense Ratio Comparison

AVGW has a 0.99% expense ratio, which is lower than AVGX's 1.29% expense ratio.

Dividends

AVGW vs. AVGX - Dividend Comparison

AVGW's dividend yield for the trailing twelve months is around 43.84%, more than AVGX's 0.97% yield.

Position	TTM	2025	2024
AVGW Roundhill AVGO WeeklyPay™ ETF	43.84%	31.15%	0.00%
AVGX Defiance Daily Target 2X Long AVGO ETF	0.97%	1.65%	0.81%

Frequently Asked Questions

Can I hold both AVGW and AVGX in my portfolio?

With a correlation of 1.00, AVGW 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.

Which ETF is better, AVGW or AVGX?

On fees, AVGW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AVGW or AVGX?

AVGW is cheaper with a 0.99% expense ratio, compared with 1.29% for AVGX.

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

AVGW has the higher dividend yield at 43.84%, compared with 0.97% for AVGX.

What is the main difference between AVGW and AVGX?

AVGW is categorized as Derivative Income, while AVGX is Leveraged Equities. They also come from different issuers: Roundhill and Defiance. Their fees differ too: 0.99% for AVGW and 1.29% for AVGX.