AVGX vs. AVGW

Last updated Aug 4, 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. Over the past year, AVGX returned 29.59% vs 36.38% for AVGW. Their 0.99 correlation means they have historically moved very closely together. 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 4.46% return, which is significantly lower than AVGW's 12.63% return.

AVGX

• 1D: 1.26%
• 1M: 16.07%
• 6M: 16.84%
• YTD: 4.46%
• 1Y: 29.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 55.66%

AVGW

• 1D: 1.20%
• 1M: 9.99%
• 6M: 19.26%
• YTD: 12.63%
• 1Y: 36.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 34.62%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AVGW Roundhill AVGO WeeklyPay™ ETF	$707.36K	$768.39K	$1.35M
AVGX Defiance Daily Target 2X Long AVGO ETF	$21.39M	$25.93M	$56.21M

AVGX vs. AVGW - Yearly Performance Comparison

	2026 (YTD)	2025
AVGX Defiance Daily Target 2X Long AVGO ETF	4.46%	27.51%
AVGW Roundhill AVGO WeeklyPay™ ETF	12.63%	20.48%

Correlation

The correlation between AVGX and AVGW is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.99
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.99

The correlation between AVGX and AVGW has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

Return for Risk

AVGX vs. AVGW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AVGX

AVGX Risk / Return Rank: 23
AVGX Sharpe Ratio Rank: 18
AVGX Sortino Ratio Rank: 29
AVGX Omega Ratio Rank: 29
AVGX Calmar Ratio Rank: 20
AVGX Martin Ratio Rank: 18

AVGW

AVGW Risk / Return Rank: 30
AVGW Sharpe Ratio Rank: 27
AVGW Sortino Ratio Rank: 32
AVGW Omega Ratio Rank: 33
AVGW Calmar Ratio Rank: 31
AVGW Martin Ratio Rank: 26

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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	0.31	0.64	-0.33
Sortino ratio: Return per unit of downside risk	1.11	1.24	-0.13
Omega ratio: Gain probability vs. loss probability	1.14	1.16	-0.02
Calmar ratio: Return relative to maximum drawdown	0.55	1.05	-0.51
Martin ratio: Return relative to average drawdown	1.02	2.08	-1.06

AVGX vs. AVGW - Sharpe Ratio Comparison

The current AVGX Sharpe Ratio is 0.31, which is lower than the AVGW Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of AVGX and AVGW, 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. 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%	-34.65%	-19.44%
Current Drawdown Current decline from peak	-39.03%	-22.78%	-16.25%
Average Drawdown Average peak-to-trough decline	-24.33%	-14.07%	-10.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.01%	17.55%	+11.46%

Volatility

AVGX vs. AVGW - Volatility Comparison

Defiance Daily Target 2X Long AVGO ETF (AVGX) has a higher volatility of 25.27% compared to Roundhill AVGO WeeklyPay™ ETF (AVGW) at 15.17%. This indicates that AVGX's price experiences larger fluctuations and is considered to be riskier than AVGW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVGX	AVGW	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.27%	15.17%	+10.10%
Volatility (6M) Calculated over the trailing 6-month period	69.73%	41.22%	+28.51%
Volatility (1Y) Calculated over the trailing 1-year period	95.06%	57.03%	+38.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	106.00%	56.49%	+49.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	106.00%	56.49%	+49.51%

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 1.58%, less than AVGW's 71.22% yield.

Position	TTM	2025	2024
AVGW Roundhill AVGO WeeklyPay™ ETF	71.22%	31.15%	0.00%
AVGX Defiance Daily Target 2X Long AVGO ETF	1.58%	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 is riskier, AVGX or AVGW?

AVGX has higher volatility (25.27%) compared to AVGW (15.17%). In terms of maximum drawdown, AVGX dropped -70.97% vs AVGW's -34.65%.

Which ETF is better, AVGX or AVGW?

On 1-year performance, AVGW leads with 36.38% vs 29.59% for AVGX. On fees, AVGW is cheaper at 0.99% per year. On volatility, AVGW has been the lower-risk option at 15.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVGX or AVGW?

Over the 1-year period, AVGW has performed better with a 36.38% return vs 29.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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 71.22%, compared with 1.58% 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.

Which has better risk-adjusted returns?

AVGW currently has the higher Sharpe Ratio (0.64 vs 0.31), 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.