AVGX vs. ARKW

Last updated Jul 15, 2026

AVGX (Defiance Daily Target 2X Long AVGO ETF) and ARKW (ARK Next Generation Internet ETF) are both exchange-traded funds - AVGX is a Leveraged Equities fund actively managed by Defiance, while ARKW is a Mid Cap Growth Equities fund actively managed by ARK. Both are actively managed. Over the past year, AVGX returned 40.13% vs -1.17% for ARKW. A 0.56 correlation means they provide meaningful diversification when combined. AVGX charges 1.29%/yr vs 0.76%/yr for ARKW.

Performance

AVGX vs. ARKW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long AVGO ETF (AVGX) and ARK Next Generation Internet ETF (ARKW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVGX achieves a 4.39% return, which is significantly higher than ARKW's 0.47% return.

AVGX

• 1D: 2.97%
• 1M: 0.97%
• 6M: 0.41%
• YTD: 4.39%
• 1Y: 40.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARKW

• 1D: 1.67%
• 1M: 5.05%
• 6M: -2.62%
• YTD: 0.47%
• 1Y: -1.17%
• 3Y*: 32.28%
• 5Y*: 1.38%
• 10Y*: 22.38%

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

AVGX vs. ARKW - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AVGX Defiance Daily Target 2X Long AVGO ETF	4.39%	46.98%	54.13%
ARKW ARK Next Generation Internet ETF	0.47%	38.93%	34.12%

Correlation

The correlation between AVGX and ARKW is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (All Time) Calculated using the full available price history since Aug 22, 2024	0.56

The correlation between AVGX and ARKW has been stable across timeframes, ranging from 0.50 to 0.56 - a consistent structural relationship.

Return for Risk

AVGX vs. ARKW — Risk / Return Rank

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

AVGX

AVGX Risk / Return Rank: 22
AVGX Sharpe Ratio Rank: 17
AVGX Sortino Ratio Rank: 27
AVGX Omega Ratio Rank: 27
AVGX Calmar Ratio Rank: 21
AVGX Martin Ratio Rank: 18

ARKW

ARKW Risk / Return Rank: 9
ARKW Sharpe Ratio Rank: 9
ARKW Sortino Ratio Rank: 10
ARKW Omega Ratio Rank: 9
ARKW Calmar Ratio Rank: 9
ARKW Martin Ratio Rank: 9

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.

AVGX vs. ARKW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long AVGO ETF (AVGX) and ARK Next Generation Internet ETF (ARKW). 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.

	AVGX	ARKW	Difference
Sharpe ratio: Return per unit of total volatility	0.43	-0.04	+0.46
Sortino ratio: Return per unit of downside risk	1.24	0.18	+1.06
Omega ratio: Gain probability vs. loss probability	1.16	1.02	+0.14
Calmar ratio: Return relative to maximum drawdown	0.75	-0.03	+0.78
Martin ratio: Return relative to average drawdown	1.47	-0.06	+1.53

AVGX vs. ARKW - Sharpe Ratio Comparison

The current AVGX Sharpe Ratio is 0.43, which is higher than the ARKW Sharpe Ratio of -0.04. The chart below compares the historical Sharpe Ratios of AVGX and ARKW, 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

AVGX vs. ARKW - Drawdown Comparison

The maximum AVGX drawdown since its inception was -70.97%, smaller than the maximum ARKW drawdown of -80.52%. Use the drawdown chart below to compare losses from any high point for AVGX and ARKW.

Drawdown Indicators

	AVGX	ARKW	Difference
Max Drawdown Largest peak-to-trough decline	-70.97%	-80.52%	+9.55%
Max Drawdown (1Y) Largest decline over 1 year	-54.09%	-36.21%	-17.88%
Max Drawdown (3Y) Largest decline over 3 years	—	-36.21%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-77.36%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-80.52%	—
Current Drawdown Current decline from peak	-39.06%	-19.48%	-19.58%
Average Drawdown Average peak-to-trough decline	-23.83%	-23.95%	+0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.36%	18.70%	+8.66%

Volatility

AVGX vs. ARKW - Volatility Comparison

Defiance Daily Target 2X Long AVGO ETF (AVGX) has a higher volatility of 29.14% compared to ARK Next Generation Internet ETF (ARKW) at 9.52%. This indicates that AVGX's price experiences larger fluctuations and is considered to be riskier than ARKW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVGX	ARKW	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.14%	9.52%	+19.62%
Volatility (6M) Calculated over the trailing 6-month period	69.42%	25.43%	+43.99%
Volatility (1Y) Calculated over the trailing 1-year period	94.06%	33.23%	+60.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	106.70%	43.71%	+62.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	106.70%	37.78%	+68.92%

AVGX vs. ARKW - Expense Ratio Comparison

AVGX has a 1.29% expense ratio, which is higher than ARKW's 0.76% expense ratio.

Dividends

AVGX vs. ARKW - Dividend Comparison

AVGX's dividend yield for the trailing twelve months is around 1.58%, which matches ARKW's 1.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARKW ARK Next Generation Internet ETF	1.58%	1.59%	0.00%	0.00%	0.00%	0.17%	1.29%	0.00%	13.05%	2.05%	0.00%	2.29%
AVGX Defiance Daily Target 2X Long AVGO ETF	1.58%	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

Can I hold both AVGX and ARKW in my portfolio?

AVGX and ARKW have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVGX or ARKW?

AVGX has higher volatility (29.14%) compared to ARKW (9.52%). In terms of maximum drawdown, AVGX dropped -70.97% vs ARKW's -80.52%.

Which ETF is better, AVGX or ARKW?

On 1-year performance, AVGX leads with 40.13% vs -1.17% for ARKW. On fees, ARKW is cheaper at 0.76% per year. On volatility, ARKW has been the lower-risk option at 9.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVGX or ARKW?

Over the 1-year period, AVGX has performed better with a 40.13% return vs -1.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVGX or ARKW?

ARKW is cheaper with a 0.76% expense ratio, compared with 1.29% for AVGX.

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

AVGX and ARKW have nearly identical dividend yields, around 1.58%.

What is the main difference between AVGX and ARKW?

AVGX is categorized as Leveraged Equities, while ARKW is Mid Cap Growth Equities. They also come from different issuers: Defiance and ARK. Their fees differ too: 1.29% for AVGX and 0.76% for ARKW.

Which has better risk-adjusted returns?

AVGX currently has the higher Sharpe Ratio (0.43 vs -0.04), 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.