AVGW vs. AVGX

Last updated Aug 2, 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. Over the past year, AVGW returned 34.76% vs 27.98% for AVGX. Their 0.99 correlation means they have historically moved very closely together. 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 11.29% return, which is significantly higher than AVGX's 3.16% return.

AVGW

• 1D: 0.15%
• 1M: 8.69%
• 6M: 17.62%
• YTD: 11.29%
• 1Y: 34.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 33.37%

AVGX

• 1D: 0.88%
• 1M: 14.62%
• 6M: 15.19%
• YTD: 3.16%
• 1Y: 27.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 54.94%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AVGW Roundhill AVGO WeeklyPay™ ETF	$694.73K	$793.72K	$1.36M
AVGX Defiance Daily Target 2X Long AVGO ETF	$20.38M	$26.11M	$55.79M

AVGW vs. AVGX - Yearly Performance Comparison

	2026 (YTD)	2025
AVGW Roundhill AVGO WeeklyPay™ ETF	11.29%	20.48%
AVGX Defiance Daily Target 2X Long AVGO ETF	3.16%	27.51%

Correlation

The correlation between AVGW and AVGX is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.99
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.99

The correlation between AVGW and AVGX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

Return for Risk

AVGW vs. AVGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AVGW

AVGW Risk / Return Rank: 28
AVGW Sharpe Ratio Rank: 25
AVGW Sortino Ratio Rank: 30
AVGW Omega Ratio Rank: 30
AVGW Calmar Ratio Rank: 28
AVGW Martin Ratio Rank: 24

AVGX

AVGX Risk / Return Rank: 21
AVGX Sharpe Ratio Rank: 16
AVGX Sortino Ratio Rank: 27
AVGX Omega Ratio Rank: 27
AVGX Calmar Ratio Rank: 18
AVGX Martin Ratio Rank: 17

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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.

	AVGW	AVGX	Difference
Sharpe ratio: Return per unit of total volatility	0.57	0.25	+0.32
Sortino ratio: Return per unit of downside risk	1.16	1.04	+0.12
Omega ratio: Gain probability vs. loss probability	1.14	1.13	+0.02
Calmar ratio: Return relative to maximum drawdown	0.94	0.43	+0.50
Martin ratio: Return relative to average drawdown	1.85	0.81	+1.04

AVGW vs. AVGX - Sharpe Ratio Comparison

The current AVGW Sharpe Ratio is 0.57, which is higher than the AVGX Sharpe Ratio of 0.25. The chart below compares the historical Sharpe Ratios of AVGW and AVGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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	-34.65%	-54.09%	+19.44%
Current Drawdown Current decline from peak	-23.70%	-39.79%	+16.09%
Average Drawdown Average peak-to-trough decline	-14.04%	-24.30%	+10.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.49%	28.91%	-11.42%

Volatility

AVGW vs. AVGX - Volatility Comparison

The current volatility for Roundhill AVGO WeeklyPay™ ETF (AVGW) is 15.46%, while Defiance Daily Target 2X Long AVGO ETF (AVGX) has a volatility of 26.00%. This indicates that AVGW 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.

Volatility by Period

	AVGW	AVGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.46%	26.00%	-10.54%
Volatility (6M) Calculated over the trailing 6-month period	41.21%	69.72%	-28.51%
Volatility (1Y) Calculated over the trailing 1-year period	57.08%	95.16%	-38.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.59%	106.11%	-49.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.59%	106.11%	-49.52%

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 70.12%, more than AVGX's 1.60% yield.

Position	TTM	2025	2024
AVGW Roundhill AVGO WeeklyPay™ ETF	70.12%	31.15%	0.00%
AVGX Defiance Daily Target 2X Long AVGO ETF	1.60%	1.65%	0.81%

Frequently Asked Questions

Can I hold both AVGW and AVGX in my portfolio?

With a correlation of 0.99, 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 is riskier, AVGW or AVGX?

AVGX has higher volatility (26.00%) compared to AVGW (15.46%). In terms of maximum drawdown, AVGW dropped -34.65% vs AVGX's -70.97%.

Which ETF is better, AVGW or AVGX?

On 1-year performance, AVGW leads with 34.76% vs 27.98% for AVGX. On fees, AVGW is cheaper at 0.99% per year. On volatility, AVGW has been the lower-risk option at 15.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVGW or AVGX?

Over the 1-year period, AVGW has performed better with a 34.76% return vs 27.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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 70.12%, compared with 1.60% 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.

Which has better risk-adjusted returns?

AVGW currently has the higher Sharpe Ratio (0.57 vs 0.25), 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.