AVGX vs. HDV
AVGX (Defiance Daily Target 2X Long AVGO ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - AVGX is a Leveraged Equities fund actively managed by Defiance, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. AVGX is actively managed, while HDV is passively managed. Over the past year, AVGX returned 74.37% vs 19.54% for HDV. At a correlation of -0.07, they often move in opposite directions. AVGX charges 1.29%/yr vs 0.08%/yr for HDV.
Performance
AVGX vs. HDV - 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 HDV's 12.57% return.
AVGX
- 1D
- -8.68%
- 1M
- -15.24%
- YTD
- 8.32%
- 6M
- 10.93%
- 1Y
- 74.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDV
- 1D
- 0.15%
- 1M
- -2.65%
- YTD
- 12.57%
- 6M
- 12.67%
- 1Y
- 19.54%
- 3Y*
- 14.97%
- 5Y*
- 10.90%
- 10Y*
- 9.31%
AVGX vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AVGX Defiance Daily Target 2X Long AVGO ETF | 8.32% | 46.98% | 54.13% |
HDV iShares Core High Dividend ETF | 12.57% | 11.90% | -1.15% |
Correlation
The correlation between AVGX and HDV is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2024 | -0.07 |
The correlation between AVGX and HDV shifts across timeframes, from -0.19 (1 year) to -0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AVGX vs. HDV — Risk / Return Rank
AVGX
HDV
AVGX vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long AVGO ETF (AVGX) and iShares Core High Dividend ETF (HDV). 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 | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.34 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 3.79 | -2.41 |
| Martin ratioReturn relative to average drawdown | 2.94 | 10.39 | -7.46 |
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Drawdowns
AVGX vs. HDV - Drawdown Comparison
The maximum AVGX drawdown since its inception was -70.97%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for AVGX and HDV.
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Drawdown Indicators
| AVGX | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.97% | -37.04% | -33.93% |
Max Drawdown (1Y)Largest decline over 1 year | -54.09% | -5.18% | -48.91% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.49% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.04% | — |
Current DrawdownCurrent decline from peak | -36.77% | -2.65% | -34.12% |
Average DrawdownAverage peak-to-trough decline | -23.25% | -3.08% | -20.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.41% | 1.89% | +23.52% |
Volatility
AVGX vs. HDV - Volatility Comparison
Defiance Daily Target 2X Long AVGO ETF (AVGX) has a higher volatility of 44.69% compared to iShares Core High Dividend ETF (HDV) at 3.37%. This indicates that AVGX's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVGX | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 44.69% | 3.37% | +41.32% |
Volatility (6M)Calculated over the trailing 6-month period | 67.30% | 7.52% | +59.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 92.93% | 9.87% | +83.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 107.26% | 12.80% | +94.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 107.26% | 15.74% | +91.52% |
AVGX vs. HDV - Expense Ratio Comparison
AVGX has a 1.29% expense ratio, which is higher than HDV's 0.08% expense ratio.
Dividends
AVGX vs. HDV - Dividend Comparison
AVGX's dividend yield for the trailing twelve months is around 1.53%, less than HDV's 2.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
HDV iShares Core High Dividend ETF | 2.94% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
Frequently Asked Questions
AVGX and HDV have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVGX has higher volatility (44.69%) compared to HDV (3.37%). In terms of maximum drawdown, AVGX dropped -70.97% vs HDV's -37.04%.
On 1-year performance, AVGX leads with 74.37% vs 19.54% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 3.37%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AVGX has performed better with a 74.37% return vs 19.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HDV is cheaper with a 0.08% expense ratio, compared with 1.29% for AVGX.
HDV has the higher dividend yield at 2.94%, compared with 1.53% for AVGX.
AVGX is categorized as Leveraged Equities, while HDV is Dividend. They also come from different issuers: Defiance and iShares. Their fees differ too: 1.29% for AVGX and 0.08% for HDV.
HDV currently has the higher Sharpe Ratio (1.99 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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