AVGX vs. AVGI.L

Last updated Apr 1, 2026

Compare and contrast key facts about Defiance Daily Target 2X Long AVGO ETF (AVGX) and IncomeShares Broadcom (AVGO) Options ETP (AVGI.L).

AVGX and AVGI.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AVGX is an actively managed fund by Defiance. It was launched on Aug 21, 2024. AVGI.L is an actively managed fund by Leverage Shares. It was launched on Jun 27, 2025.

Performance

AVGX vs. AVGI.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long AVGO ETF (AVGX) and IncomeShares Broadcom (AVGO) Options ETP (AVGI.L). The values are adjusted to include any dividend payments, if applicable.

AVGX vs. AVGI.L - Yearly Performance Comparison

	2026 (YTD)	2025
AVGX Defiance Daily Target 2X Long AVGO ETF	-25.38%	32.96%
AVGI.L IncomeShares Broadcom (AVGO) Options ETP	-22.29%	6.46%

Returns By Period

In the year-to-date period, AVGX achieves a -25.38% return, which is significantly lower than AVGI.L's -22.29% return.

AVGX

• 1D: 11.04%
• 1M: -8.38%
• YTD: -25.38%
• 6M: -25.77%
• 1Y: 140.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVGI.L

• 1D: 2.16%
• 1M: -4.26%
• YTD: -22.29%
• 6M: -28.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVGX vs. AVGI.L - Expense Ratio Comparison

AVGX has a 1.29% expense ratio, which is higher than AVGI.L's 0.55% expense ratio.

AVGX

Defiance Daily Target 2X Long AVGO ETF

AVGI.L

IncomeShares Broadcom (AVGO) Options ETP

Return for Risk

AVGX vs. AVGI.L — Risk / Return Rank

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

AVGX

AVGX Risk / Return Rank: 77
AVGX Sharpe Ratio Rank: 79
AVGX Sortino Ratio Rank: 85
AVGX Omega Ratio Rank: 78
AVGX Calmar Ratio Rank: 85
AVGX Martin Ratio Rank: 60

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. AVGI.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long AVGO ETF (AVGX) and IncomeShares Broadcom (AVGO) Options ETP (AVGI.L). 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	AVGI.L	Difference
Sharpe ratio Return per unit of total volatility	1.47	—	—
Sortino ratio Return per unit of downside risk	2.26	—	—
Omega ratio Gain probability vs. loss probability	1.29	—	—
Calmar ratio Return relative to maximum drawdown	2.50	—	—
Martin ratio Return relative to average drawdown	5.86	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AVGX	AVGI.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	-0.56	+1.01

Correlation

The correlation between AVGX and AVGI.L is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

AVGX vs. AVGI.L - Dividend Comparison

AVGX's dividend yield for the trailing twelve months is around 2.22%, more than AVGI.L's 0.38% yield.

	TTM	2025	2024
AVGX Defiance Daily Target 2X Long AVGO ETF	2.22%	1.65%	0.81%
AVGI.L IncomeShares Broadcom (AVGO) Options ETP	0.38%	0.09%	0.00%

Drawdowns

AVGX vs. AVGI.L - Drawdown Comparison

The maximum AVGX drawdown since its inception was -70.97%, which is greater than AVGI.L's maximum drawdown of -39.10%. Use the drawdown chart below to compare losses from any high point for AVGX and AVGI.L.

Drawdown Indicators

	AVGX	AVGI.L	Difference
Max Drawdown Largest peak-to-trough decline	-70.97%	-39.10%	-31.87%
Max Drawdown (1Y) Largest decline over 1 year	-54.09%	—	—
Current Drawdown Current decline from peak	-49.02%	-37.72%	-11.30%
Average Drawdown Average peak-to-trough decline	-23.58%	-14.44%	-9.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.12%	—	—

Volatility

Volatility by Period

	AVGX	AVGI.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.04%	—	—
Volatility (6M) Calculated over the trailing 6-month period	65.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	96.00%	39.33%	+56.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	106.71%	39.33%	+67.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	106.71%	39.33%	+67.38%