AVGX vs. BEG

Last updated Jun 25, 2026

AVGX (Defiance Daily Target 2X Long AVGO ETF) and BEG (Leverage Shares 2X Long BE Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.40 correlation, their price movements are largely independent. AVGX charges 1.29%/yr vs 0.75%/yr for BEG.

Performance

AVGX vs. BEG - Performance Comparison

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

Returns By Period

In the year-to-date period, AVGX achieves a 2.47% return, which is significantly lower than BEG's 667.79% return.

AVGX

• 1D: 0.90%
• 1M: -19.81%
• YTD: 2.47%
• 6M: -0.02%
• 1Y: 48.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BEG

• 1D: 1.17%
• 1M: 5.22%
• YTD: 667.79%
• 6M: 579.44%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVGX vs. BEG - Yearly Performance Comparison

	2026 (YTD)	2025
AVGX Defiance Daily Target 2X Long AVGO ETF	2.47%	2.99%
BEG Leverage Shares 2X Long BE Daily ETF	667.79%	1.77%

Correlation

The correlation between AVGX and BEG is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025	0.40

Return for Risk

AVGX vs. BEG — 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: 18
AVGX Sortino Ratio Rank: 26
AVGX Omega Ratio Rank: 27
AVGX Calmar Ratio Rank: 21
AVGX Martin Ratio Rank: 19

BEG

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. BEG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long AVGO ETF (AVGX) and Leverage Shares 2X Long BE Daily ETF (BEG). 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	BEG	Difference
Sharpe ratio: Return per unit of total volatility	0.53	—	—
Sortino ratio: Return per unit of downside risk	1.33	—	—
Omega ratio: Gain probability vs. loss probability	1.17	—	—
Calmar ratio: Return relative to maximum drawdown	0.90	—	—
Martin ratio: Return relative to average drawdown	1.89	—	—

Drawdowns

AVGX vs. BEG - Drawdown Comparison

The maximum AVGX drawdown since its inception was -70.97%, which is greater than BEG's maximum drawdown of -59.85%. Use the drawdown chart below to compare losses from any high point for AVGX and BEG.

Drawdown Indicators

	AVGX	BEG	Difference
Max Drawdown Largest peak-to-trough decline	-70.97%	-59.85%	-11.12%
Max Drawdown (1Y) Largest decline over 1 year	-54.09%	—	—
Current Drawdown Current decline from peak	-40.18%	-12.65%	-27.53%
Average Drawdown Average peak-to-trough decline	-23.33%	-16.70%	-6.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.67%	—	—

Volatility

Volatility by Period

	AVGX	BEG	Difference
Volatility (1M) Calculated over the trailing 1-month period	45.07%	—	—
Volatility (6M) Calculated over the trailing 6-month period	67.32%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	92.95%	212.09%	-119.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.14%	212.09%	-104.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	107.14%	212.09%	-104.95%

AVGX vs. BEG - Expense Ratio Comparison

AVGX has a 1.29% expense ratio, which is higher than BEG's 0.75% expense ratio.

Dividends

AVGX vs. BEG - Dividend Comparison

AVGX's dividend yield for the trailing twelve months is around 1.61%, while BEG has not paid dividends to shareholders.

Position	TTM	2025	2024
AVGX Defiance Daily Target 2X Long AVGO ETF	1.61%	1.65%	0.81%
BEG Leverage Shares 2X Long BE Daily ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVGX and BEG in my portfolio?

AVGX and BEG have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AVGX or BEG?

On fees, BEG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AVGX or BEG?

BEG is cheaper with a 0.75% expense ratio, compared with 1.29% for AVGX.

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

AVGX has the higher dividend yield at 1.61%, compared with 0.00% for BEG.

What is the main difference between AVGX and BEG?

They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.29% for AVGX and 0.75% for BEG.