AVGX vs. FN
AVGX (Defiance Daily Target 2X Long AVGO ETF) is Leveraged Equities fund actively managed by Defiance, while FN (Fabrinet) is a stock. Over the past year, AVGX returned 68.20% vs 149.30% for FN. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
AVGX vs. FN - Performance Comparison
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Returns By Period
In the year-to-date period, AVGX achieves a 3.39% return, which is significantly lower than FN's 34.21% return.
AVGX
- 1D
- -1.88%
- 1M
- -28.54%
- YTD
- 3.39%
- 6M
- -5.26%
- 1Y
- 68.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FN
- 1D
- 4.94%
- 1M
- -15.38%
- YTD
- 34.21%
- 6M
- 29.76%
- 1Y
- 149.30%
- 3Y*
- 67.62%
- 5Y*
- 45.38%
- 10Y*
- 32.67%
AVGX vs. FN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AVGX Defiance Daily Target 2X Long AVGO ETF | 3.39% | 46.98% | 54.13% |
FN Fabrinet | 34.21% | 107.06% | -19.61% |
Correlation
The correlation between AVGX and FN is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2024 | 0.54 |
The correlation between AVGX and FN has been stable across timeframes, ranging from 0.52 to 0.54 - a consistent structural relationship.
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Return for Risk
AVGX vs. FN — Risk / Return Rank
AVGX
FN
AVGX vs. FN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long AVGO ETF (AVGX) and Fabrinet (FN). 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 | FN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.32 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 6.22 | -5.14 |
| Martin ratioReturn relative to average drawdown | 2.35 | 15.46 | -13.11 |
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Drawdowns
AVGX vs. FN - Drawdown Comparison
The maximum AVGX drawdown since its inception was -70.97%, roughly equal to the maximum FN drawdown of -70.46%. Use the drawdown chart below to compare losses from any high point for AVGX and FN.
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Drawdown Indicators
| AVGX | FN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.97% | -70.46% | -0.51% |
Max Drawdown (1Y)Largest decline over 1 year | -54.09% | -22.27% | -31.82% |
Max Drawdown (3Y)Largest decline over 3 years | — | -37.47% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.11% | — |
Current DrawdownCurrent decline from peak | -39.65% | -18.15% | -21.50% |
Average DrawdownAverage peak-to-trough decline | -23.11% | -22.58% | -0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.90% | 8.95% | +15.95% |
Volatility
AVGX vs. FN - Volatility Comparison
Defiance Daily Target 2X Long AVGO ETF (AVGX) has a higher volatility of 42.68% compared to Fabrinet (FN) at 24.63%. This indicates that AVGX's price experiences larger fluctuations and is considered to be riskier than FN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVGX | FN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 42.68% | 24.63% | +18.05% |
Volatility (6M)Calculated over the trailing 6-month period | 71.57% | 56.18% | +15.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 91.19% | 67.07% | +24.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.96% | 53.67% | +53.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 106.96% | 48.29% | +58.67% |
Dividends
AVGX vs. FN - Dividend Comparison
AVGX's dividend yield for the trailing twelve months is around 1.60%, while FN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AVGX Defiance Daily Target 2X Long AVGO ETF | 1.60% | 1.65% | 0.81% |
FN Fabrinet | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AVGX and FN have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVGX has higher volatility (42.68%) compared to FN (24.63%). In terms of maximum drawdown, AVGX dropped -70.97% vs FN's -70.46%.
FN currently has the higher Sharpe Ratio (2.07 vs 0.64), 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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