AVGX vs. AVGO
AVGX (Defiance Daily Target 2X Long AVGO ETF) is Leveraged Equities fund actively managed by Defiance, while AVGO (Broadcom Inc.) is a stock. Over the past year, AVGX returned 74.37% vs 58.01% for AVGO. With a 1.00 correlation, they move nearly in lockstep.
Performance
AVGX vs. AVGO - Performance Comparison
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Returns By Period
In the year-to-date period, AVGX achieves a 8.32% return, which is significantly lower than AVGO's 13.72% return.
AVGX
- 1D
- -8.68%
- 1M
- -15.24%
- YTD
- 8.32%
- 6M
- 10.93%
- 1Y
- 74.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVGO
- 1D
- -4.52%
- 1M
- -5.16%
- YTD
- 13.72%
- 6M
- 15.27%
- 1Y
- 58.01%
- 3Y*
- 70.37%
- 5Y*
- 55.97%
- 10Y*
- 42.25%
AVGX vs. AVGO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AVGX Defiance Daily Target 2X Long AVGO ETF | 8.32% | 46.98% | 54.13% |
AVGO Broadcom Inc. | 13.72% | 50.63% | 40.68% |
Correlation
The correlation between AVGX and AVGO 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 (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2024 | 1.00 |
The correlation between AVGX and AVGO has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
AVGX vs. AVGO — Risk / Return Rank
AVGX
AVGO
AVGX vs. AVGO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long AVGO ETF (AVGX) and Broadcom Inc. (AVGO). 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 | AVGO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.24 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 2.03 | -0.65 |
| Martin ratioReturn relative to average drawdown | 2.94 | 4.63 | -1.69 |
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Drawdowns
AVGX vs. AVGO - Drawdown Comparison
The maximum AVGX drawdown since its inception was -70.97%, which is greater than AVGO's maximum drawdown of -48.30%. Use the drawdown chart below to compare losses from any high point for AVGX and AVGO.
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Drawdown Indicators
| AVGX | AVGO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.97% | -48.30% | -22.67% |
Max Drawdown (1Y)Largest decline over 1 year | -54.09% | -28.67% | -25.42% |
Max Drawdown (3Y)Largest decline over 3 years | — | -41.15% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -41.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.30% | — |
Current DrawdownCurrent decline from peak | -36.77% | -18.44% | -18.33% |
Average DrawdownAverage peak-to-trough decline | -23.25% | -8.00% | -15.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.41% | 12.57% | +12.84% |
Volatility
AVGX vs. AVGO - Volatility Comparison
Defiance Daily Target 2X Long AVGO ETF (AVGX) has a higher volatility of 44.69% compared to Broadcom Inc. (AVGO) at 21.58%. This indicates that AVGX's price experiences larger fluctuations and is considered to be riskier than AVGO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVGX | AVGO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 44.69% | 21.58% | +23.11% |
Volatility (6M)Calculated over the trailing 6-month period | 67.30% | 33.32% | +33.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 92.93% | 46.48% | +46.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 107.26% | 43.61% | +63.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 107.26% | 39.64% | +67.62% |
Dividends
AVGX vs. AVGO - Dividend Comparison
AVGX's dividend yield for the trailing twelve months is around 1.53%, more than AVGO's 0.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVGO Broadcom Inc. | 0.65% | 0.70% | 0.94% | 1.71% | 3.02% | 2.24% | 3.05% | 3.54% | 3.11% | 1.87% | 1.43% | 1.13% |
AVGX Defiance Daily Target 2X Long AVGO ETF | 1.53% | 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
With a correlation of 1.00, AVGX and AVGO 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.
AVGX has higher volatility (44.69%) compared to AVGO (21.58%). In terms of maximum drawdown, AVGX dropped -70.97% vs AVGO's -48.30%.
AVGO currently has the higher Sharpe Ratio (1.26 vs 0.81), 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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