AVGX vs. QQQ

Last updated Jun 4, 2026

AVGX (Defiance Daily Target 2X Long AVGO ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - AVGX is a Leveraged Equities fund actively managed by Defiance, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. AVGX is actively managed, while QQQ is passively managed. Over the past year, AVGX returned 156.34% vs 41.82% for QQQ. A 0.71 correlation means they provide meaningful diversification when combined. AVGX charges 1.29%/yr vs 0.18%/yr for QQQ.

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.

Returns By Period

In the year-to-date period, AVGX achieves a 69.89% return, which is significantly higher than QQQ's 21.30% return.

AVGX

• 1D: -0.83%
• 1M: 29.49%
• YTD: 69.89%
• 6M: 35.83%
• 1Y: 156.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQ

• 1D: -0.26%
• 1M: 10.60%
• YTD: 21.30%
• 6M: 19.66%
• 1Y: 41.82%
• 3Y*: 28.78%
• 5Y*: 17.97%
• 10Y*: 21.94%

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

AVGX vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AVGX Defiance Daily Target 2X Long AVGO ETF	69.89%	46.98%	69.92%
QQQ Invesco QQQ ETF	21.30%	20.77%	7.99%

Correlation

The correlation between AVGX and QQQ is 0.64, 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	0.64
Correlation (All Time) Calculated using the full available price history since Aug 23, 2024	0.71

The correlation between AVGX and QQQ has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.

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: 50
AVGX Sharpe Ratio Rank: 53
AVGX Sortino Ratio Rank: 50
AVGX Omega Ratio Rank: 48
AVGX Calmar Ratio Rank: 59
AVGX Martin Ratio Rank: 40

QQQ

QQQ Risk / Return Rank: 73
QQQ Sharpe Ratio Rank: 79
QQQ Sortino Ratio Rank: 75
QQQ Omega Ratio Rank: 74
QQQ Calmar Ratio Rank: 69
QQQ Martin Ratio Rank: 71

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	1.83	2.64	-0.80
Sortino ratio: Return per unit of downside risk	2.45	3.45	-1.00
Omega ratio: Gain probability vs. loss probability	1.31	1.45	-0.15
Calmar ratio: Return relative to maximum drawdown	2.91	3.51	-0.60
Martin ratio: Return relative to average drawdown	6.49	13.49	-7.01
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 1.83, which is lower than the QQQ Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of AVGX and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AVGX	QQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	2.64	-0.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.81	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.99	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.21	0.41	+0.80

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%	-11.96%	-42.13%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.77%	—
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	-0.83%	-0.26%	-0.57%
Average Drawdown Average peak-to-trough decline	-22.71%	-32.79%	+10.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.20%	3.11%	+21.09%

Volatility

AVGX vs. QQQ - Volatility Comparison

Defiance Daily Target 2X Long AVGO ETF (AVGX) has a higher volatility of 23.50% compared to Invesco QQQ ETF (QQQ) at 4.49%. 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	23.50%	4.49%	+19.01%
Volatility (6M) Calculated over the trailing 6-month period	61.90%	12.10%	+49.80%
Volatility (1Y) Calculated over the trailing 1-year period	85.97%	15.94%	+70.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	104.65%	22.38%	+82.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	104.65%	22.29%	+82.36%

AVGX vs. QQQ - Expense Ratio Comparison

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

Dividends

AVGX vs. QQQ - Dividend Comparison

AVGX's dividend yield for the trailing twelve months is around 0.97%, more than QQQ's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVGX Defiance Daily Target 2X Long AVGO ETF	0.97%	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	0.38%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both AVGX and QQQ in my portfolio?

AVGX and QQQ have a correlation of 0.64, 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 QQQ?

AVGX has higher volatility (23.50%) compared to QQQ (4.49%). In terms of maximum drawdown, AVGX dropped -70.97% vs QQQ's -82.97%.

Which ETF is better, AVGX or QQQ?

On 1-year performance, AVGX leads with 156.34% vs 41.82% for QQQ. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 4.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVGX or QQQ?

Over the 1-year period, AVGX has performed better with a 156.34% return vs 41.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVGX or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 1.29% for AVGX.

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

AVGX has the higher dividend yield at 0.97%, compared with 0.38% for QQQ.

What is the main difference between AVGX and QQQ?

AVGX is categorized as Leveraged Equities, while QQQ is Nasdaq-100. They also come from different issuers: Defiance and Invesco. Their fees differ too: 1.29% for AVGX and 0.18% for QQQ.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (2.64 vs 1.83), 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.