AVGX vs. QQQ

Last updated Apr 1, 2026

Compare and contrast key facts about Defiance Daily Target 2X Long AVGO ETF (AVGX) and Invesco QQQ ETF (QQQ).

AVGX and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AVGX is an actively managed fund by Defiance. It was launched on Aug 21, 2024. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.

Performance

AVGX vs. QQQ - Performance Comparison

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

AVGX vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AVGX Defiance Daily Target 2X Long AVGO ETF	-25.38%	46.98%	69.92%
QQQ Invesco QQQ ETF	-5.93%	20.77%	7.99%

Returns By Period

In the year-to-date period, AVGX achieves a -25.38% return, which is significantly lower than QQQ's -5.93% return.

AVGX

• 1D: 11.04%
• 1M: -8.38%
• YTD: -25.38%
• 6M: -25.77%
• 1Y: 140.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQ

• 1D: 3.39%
• 1M: -4.84%
• YTD: -5.93%
• 6M: -3.62%
• 1Y: 23.68%
• 3Y*: 22.32%
• 5Y*: 12.88%
• 10Y*: 18.85%

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

AVGX vs. QQQ - Expense Ratio Comparison

AVGX has a 1.29% expense ratio, which is higher than QQQ's 0.18% expense ratio.

AVGX

Defiance Daily Target 2X Long AVGO ETF

QQQ

Invesco QQQ ETF

Return for Risk

AVGX vs. QQQ — Risk / Return Rank

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

AVGX

AVGX Risk / Return Rank: 77
AVGX Sharpe Ratio Rank: 79
AVGX Sortino Ratio Rank: 85
AVGX Omega Ratio Rank: 78
AVGX Calmar Ratio Rank: 85
AVGX Martin Ratio Rank: 60

QQQ

QQQ Risk / Return Rank: 69
QQQ Sharpe Ratio Rank: 63
QQQ Sortino Ratio Rank: 68
QQQ Omega Ratio Rank: 67
QQQ Calmar Ratio Rank: 76
QQQ Martin Ratio Rank: 73

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. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long AVGO ETF (AVGX) and Invesco QQQ ETF (QQQ). 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.

	AVGX	QQQ	Difference
Sharpe ratio Return per unit of total volatility	1.47	1.05	+0.42
Sortino ratio Return per unit of downside risk	2.26	1.63	+0.63
Omega ratio Gain probability vs. loss probability	1.29	1.23	+0.06
Calmar ratio Return relative to maximum drawdown	2.50	1.88	+0.63
Martin ratio Return relative to average drawdown	5.86	6.95	-1.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVGX vs. QQQ - Sharpe Ratio Comparison

The current AVGX Sharpe Ratio is 1.47, which is higher than the QQQ Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of AVGX and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AVGX	QQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.47	1.05	+0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.37	+0.08

Correlation

The correlation between AVGX and QQQ is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

AVGX vs. QQQ - Dividend Comparison

AVGX's dividend yield for the trailing twelve months is around 2.22%, more than QQQ's 0.49% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVGX Defiance Daily Target 2X Long AVGO ETF	2.22%	1.65%	0.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQ Invesco QQQ ETF	0.49%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Drawdowns

AVGX vs. QQQ - Drawdown Comparison

The maximum AVGX drawdown since its inception was -70.97%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for AVGX and QQQ.

Drawdown Indicators

	AVGX	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-70.97%	-82.97%	+12.00%
Max Drawdown (1Y) Largest decline over 1 year	-54.09%	-12.62%	-41.47%
Max Drawdown (5Y) Largest decline over 5 years	—	-35.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-49.02%	-8.98%	-40.04%
Average Drawdown Average peak-to-trough decline	-23.58%	-32.99%	+9.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.12%	3.41%	+19.71%

Volatility

AVGX vs. QQQ - Volatility Comparison

Defiance Daily Target 2X Long AVGO ETF (AVGX) has a higher volatility of 25.04% compared to Invesco QQQ ETF (QQQ) at 6.51%. This indicates that AVGX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVGX	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.04%	6.51%	+18.53%
Volatility (6M) Calculated over the trailing 6-month period	65.19%	12.77%	+52.42%
Volatility (1Y) Calculated over the trailing 1-year period	96.00%	22.67%	+73.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	106.71%	22.39%	+84.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	106.71%	22.25%	+84.46%