AVGX vs. AVGW

Last updated Jun 24, 2026

AVGX (Defiance Daily Target 2X Long AVGO ETF) and AVGW (Roundhill AVGO WeeklyPay™ ETF) are both exchange-traded funds - AVGX is a Leveraged Equities fund actively managed by Defiance, while AVGW is a Derivative Income fund actively managed by Roundhill. Both are actively managed. With a 0.99 correlation, they move nearly in lockstep. AVGX charges 1.29%/yr vs 0.99%/yr for AVGW.

Performance

AVGX vs. AVGW - Performance Comparison

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

Returns By Period

In the year-to-date period, AVGX achieves a 1.56% return, which is significantly lower than AVGW's 9.42% return.

AVGX

• 1D: -6.24%
• 1M: -20.53%
• YTD: 1.56%
• 6M: -0.53%
• 1Y: 58.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVGW

• 1D: -3.21%
• 1M: -10.07%
• YTD: 9.42%
• 6M: 8.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVGX vs. AVGW - Yearly Performance Comparison

	2026 (YTD)	2025
AVGX Defiance Daily Target 2X Long AVGO ETF	1.56%	27.51%
AVGW Roundhill AVGO WeeklyPay™ ETF	9.42%	20.48%

Correlation

The correlation between AVGX and AVGW is 0.99 - 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 (All Time) Calculated using the full available price history since Jul 24, 2025	0.99

Return for Risk

AVGX vs. AVGW — Risk / Return Rank

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

AVGX

AVGX Risk / Return Rank: 24
AVGX Sharpe Ratio Rank: 19
AVGX Sortino Ratio Rank: 27
AVGX Omega Ratio Rank: 28
AVGX Calmar Ratio Rank: 24
AVGX Martin Ratio Rank: 20

AVGW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. AVGW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long AVGO ETF (AVGX) and Roundhill AVGO WeeklyPay™ ETF (AVGW). 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	AVGW	Difference
Sharpe ratio: Return per unit of total volatility	0.63	—	—
Sortino ratio: Return per unit of downside risk	1.44	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.09	—	—
Martin ratio: Return relative to average drawdown	2.30	—	—

Drawdowns

AVGX vs. AVGW - Drawdown Comparison

The maximum AVGX drawdown since its inception was -70.97%, which is greater than AVGW's maximum drawdown of -34.65%. Use the drawdown chart below to compare losses from any high point for AVGX and AVGW.

Drawdown Indicators

	AVGX	AVGW	Difference
Max Drawdown Largest peak-to-trough decline	-70.97%	-34.65%	-36.32%
Max Drawdown (1Y) Largest decline over 1 year	-54.09%	—	—
Current Drawdown Current decline from peak	-40.72%	-24.98%	-15.74%
Average Drawdown Average peak-to-trough decline	-23.29%	-12.73%	-10.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.54%	—	—

Volatility

Volatility by Period

	AVGX	AVGW	Difference
Volatility (1M) Calculated over the trailing 1-month period	45.03%	—	—
Volatility (6M) Calculated over the trailing 6-month period	67.59%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	92.99%	57.31%	+35.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.26%	57.31%	+49.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	107.26%	57.31%	+49.95%

AVGX vs. AVGW - Expense Ratio Comparison

AVGX has a 1.29% expense ratio, which is higher than AVGW's 0.99% expense ratio.

Dividends

AVGX vs. AVGW - Dividend Comparison

AVGX's dividend yield for the trailing twelve months is around 1.63%, less than AVGW's 63.11% yield.

Position	TTM	2025	2024
AVGW Roundhill AVGO WeeklyPay™ ETF	63.11%	31.15%	0.00%
AVGX Defiance Daily Target 2X Long AVGO ETF	1.63%	1.65%	0.81%

Frequently Asked Questions

Can I hold both AVGX and AVGW in my portfolio?

With a correlation of 0.99, AVGX and AVGW 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 ETF is better, AVGX or AVGW?

On fees, AVGW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AVGX or AVGW?

AVGW is cheaper with a 0.99% expense ratio, compared with 1.29% for AVGX.

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

AVGW has the higher dividend yield at 63.11%, compared with 1.63% for AVGX.

What is the main difference between AVGX and AVGW?

AVGX is categorized as Leveraged Equities, while AVGW is Derivative Income. They also come from different issuers: Defiance and Roundhill. Their fees differ too: 1.29% for AVGX and 0.99% for AVGW.