AVGX vs. AMZN
AVGX (Defiance Daily Target 2X Long AVGO ETF) is Leveraged Equities fund actively managed by Defiance, while AMZN (Amazon.com, Inc) is a stock. Over the past year, AVGX returned 84.42% vs 14.82% for AMZN. At a 0.45 correlation, their price movements are largely independent.
Performance
AVGX vs. AMZN - Performance Comparison
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Returns By Period
In the year-to-date period, AVGX achieves a 12.39% return, which is significantly higher than AMZN's 6.24% return.
AVGX
- 1D
- 5.40%
- 1M
- -19.30%
- YTD
- 12.39%
- 6M
- -18.84%
- 1Y
- 84.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AMZN
- 1D
- -0.33%
- 1M
- -10.07%
- YTD
- 6.24%
- 6M
- 8.08%
- 1Y
- 14.82%
- 3Y*
- 25.71%
- 5Y*
- 8.37%
- 10Y*
- 21.19%
AVGX vs. AMZN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AVGX Defiance Daily Target 2X Long AVGO ETF | 12.39% | 46.98% | 54.13% |
AMZN Amazon.com, Inc | 6.24% | 5.21% | 21.81% |
Correlation
The correlation between AVGX and AMZN is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2024 | 0.45 |
The correlation between AVGX and AMZN shifts across timeframes, from 0.30 (1 year) to 0.45 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AVGX vs. AMZN — Risk / Return Rank
AVGX
AMZN
AVGX vs. AMZN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long AVGO ETF (AVGX) and Amazon.com, Inc (AMZN). 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.
| AVGX | AMZN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.11 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 0.68 | +0.88 |
| Martin ratioReturn relative to average drawdown | 3.47 | 1.64 | +1.84 |
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
| AVGX | AMZN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 0.49 | +0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.24 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.56 | +0.17 |
Drawdowns
AVGX vs. AMZN - Drawdown Comparison
The maximum AVGX drawdown since its inception was -70.97%, smaller than the maximum AMZN drawdown of -94.40%. Use the drawdown chart below to compare losses from any high point for AVGX and AMZN.
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Drawdown Indicators
| AVGX | AMZN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.97% | -94.40% | +23.43% |
Max Drawdown (1Y)Largest decline over 1 year | -54.09% | -21.74% | -32.35% |
Max Drawdown (3Y)Largest decline over 3 years | — | -30.88% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -56.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.15% | — |
Current DrawdownCurrent decline from peak | -34.40% | -10.83% | -23.57% |
Average DrawdownAverage peak-to-trough decline | -22.78% | -28.12% | +5.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.40% | 9.08% | +15.32% |
Volatility
AVGX vs. AMZN - Volatility Comparison
Defiance Daily Target 2X Long AVGO ETF (AVGX) has a higher volatility of 41.90% compared to Amazon.com, Inc (AMZN) at 7.80%. This indicates that AVGX's price experiences larger fluctuations and is considered to be riskier than AMZN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVGX | AMZN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 41.90% | 7.80% | +34.10% |
Volatility (6M)Calculated over the trailing 6-month period | 70.91% | 20.58% | +50.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.72% | 30.13% | +60.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.87% | 35.53% | +71.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 106.87% | 32.48% | +74.39% |
Dividends
AVGX vs. AMZN - Dividend Comparison
AVGX's dividend yield for the trailing twelve months is around 1.47%, while AMZN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AMZN Amazon.com, Inc | 0.00% | 0.00% | 0.00% |
AVGX Defiance Daily Target 2X Long AVGO ETF | 1.47% | 1.65% | 0.81% |
Frequently Asked Questions
AVGX and AMZN have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVGX has higher volatility (41.90%) compared to AMZN (7.80%). In terms of maximum drawdown, AVGX dropped -70.97% vs AMZN's -94.40%.
AVGX currently has the higher Sharpe Ratio (0.94 vs 0.49), 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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