AVGX vs. INTW

Last updated Jun 23, 2026

AVGX (Defiance Daily Target 2X Long AVGO ETF) and INTW (GraniteShares 2x Long INTC Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, AVGX returned 74.37% vs 2279.34% for INTW. At a 0.32 correlation, their price movements are largely independent. AVGX charges 1.29%/yr vs 1.50%/yr for INTW.

Performance

AVGX vs. INTW - Performance Comparison

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

Returns By Period

In the year-to-date period, AVGX achieves a 8.32% return, which is significantly lower than INTW's 871.59% return.

AVGX

• 1D: -8.68%
• 1M: -15.24%
• YTD: 8.32%
• 6M: 10.93%
• 1Y: 74.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

INTW

• 1D: 10.59%
• 1M: 28.23%
• YTD: 871.59%
• 6M: 897.00%
• 1Y: 2,279.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVGX vs. INTW - Yearly Performance Comparison

	2026 (YTD)	2025
AVGX Defiance Daily Target 2X Long AVGO ETF	8.32%	52.83%
INTW GraniteShares 2x Long INTC Daily ETF	871.59%	60.89%

Correlation

The correlation between AVGX and INTW is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	0.32

Return for Risk

AVGX vs. INTW — Risk / Return Rank

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

AVGX

AVGX Risk / Return Rank: 27
AVGX Sharpe Ratio Rank: 23
AVGX Sortino Ratio Rank: 30
AVGX Omega Ratio Rank: 31
AVGX Calmar Ratio Rank: 29
AVGX Martin Ratio Rank: 24

INTW

INTW Risk / Return Rank: 98
INTW Sharpe Ratio Rank: 100
INTW Sortino Ratio Rank: 96
INTW Omega Ratio Rank: 95
INTW Calmar Ratio Rank: 99
INTW Martin Ratio Rank: 99

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. INTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long AVGO ETF (AVGX) and GraniteShares 2x Long INTC Daily ETF (INTW). 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	INTW	Difference
Sharpe ratio: Return per unit of total volatility	0.81	15.45	-14.65
Sortino ratio: Return per unit of downside risk	1.59	5.37	-3.77
Omega ratio: Gain probability vs. loss probability	1.21	1.68	-0.48
Calmar ratio: Return relative to maximum drawdown	1.38	46.81	-45.43
Martin ratio: Return relative to average drawdown	2.94	106.28	-103.34

AVGX vs. INTW - Sharpe Ratio Comparison

The current AVGX Sharpe Ratio is 0.81, which is lower than the INTW Sharpe Ratio of 15.45. The chart below compares the historical Sharpe Ratios of AVGX and INTW, 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. INTW - Drawdown Comparison

The maximum AVGX drawdown since its inception was -70.97%, which is greater than INTW's maximum drawdown of -60.58%. Use the drawdown chart below to compare losses from any high point for AVGX and INTW.

Drawdown Indicators

	AVGX	INTW	Difference
Max Drawdown Largest peak-to-trough decline	-70.97%	-60.58%	-10.39%
Max Drawdown (1Y) Largest decline over 1 year	-54.09%	-49.34%	-4.75%
Current Drawdown Current decline from peak	-36.77%	0.00%	-36.77%
Average Drawdown Average peak-to-trough decline	-23.25%	-29.71%	+6.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.41%	21.69%	+3.72%

Volatility

AVGX vs. INTW - Volatility Comparison

The current volatility for Defiance Daily Target 2X Long AVGO ETF (AVGX) is 44.69%, while GraniteShares 2x Long INTC Daily ETF (INTW) has a volatility of 53.88%. This indicates that AVGX experiences smaller price fluctuations and is considered to be less risky than INTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVGX	INTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	44.69%	53.88%	-9.19%
Volatility (6M) Calculated over the trailing 6-month period	67.30%	118.13%	-50.83%
Volatility (1Y) Calculated over the trailing 1-year period	92.93%	149.77%	-56.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.26%	148.63%	-41.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	107.26%	148.63%	-41.37%

AVGX vs. INTW - Expense Ratio Comparison

AVGX has a 1.29% expense ratio, which is lower than INTW's 1.50% expense ratio.

Dividends

AVGX vs. INTW - Dividend Comparison

AVGX's dividend yield for the trailing twelve months is around 1.53%, while INTW has not paid dividends to shareholders.

Position	TTM	2025	2024
AVGX Defiance Daily Target 2X Long AVGO ETF	1.53%	1.65%	0.81%
INTW GraniteShares 2x Long INTC Daily ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVGX and INTW in my portfolio?

AVGX and INTW have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVGX or INTW?

INTW has higher volatility (53.88%) compared to AVGX (44.69%). In terms of maximum drawdown, AVGX dropped -70.97% vs INTW's -60.58%.

Which ETF is better, AVGX or INTW?

On 1-year performance, INTW leads with 2279.34% vs 74.37% for AVGX. On fees, AVGX is cheaper at 1.29% per year. On volatility, AVGX has been the lower-risk option at 44.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVGX or INTW?

Over the 1-year period, INTW has performed better with a 2279.34% return vs 74.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVGX or INTW?

AVGX is cheaper with a 1.29% expense ratio, compared with 1.50% for INTW.

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

AVGX has the higher dividend yield at 1.53%, compared with 0.00% for INTW.

What is the main difference between AVGX and INTW?

They also come from different issuers: Defiance and GraniteShares. Their fees differ too: 1.29% for AVGX and 1.50% for INTW.

Which has better risk-adjusted returns?

INTW currently has the higher Sharpe Ratio (15.45 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.