AVGX vs. REAL
AVGX (Defiance Daily Target 2X Long AVGO ETF) is Leveraged Equities fund actively managed by Defiance, while REAL (The RealReal, Inc.) is a stock. Over the past year, AVGX returned 58.36% vs 92.87% for REAL. At a 0.28 correlation, their price movements are largely independent.
Performance
AVGX vs. REAL - Performance Comparison
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Returns By Period
In the year-to-date period, AVGX achieves a 3.39% return, which is significantly higher than REAL's -34.85% return.
AVGX
- 1D
- -1.88%
- 1M
- -20.84%
- YTD
- 3.39%
- 6M
- -5.26%
- 1Y
- 58.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
REAL
- 1D
- 4.47%
- 1M
- 9.25%
- YTD
- -34.85%
- 6M
- -28.31%
- 1Y
- 92.87%
- 3Y*
- 81.13%
- 5Y*
- -12.76%
- 10Y*
- —
AVGX vs. REAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AVGX Defiance Daily Target 2X Long AVGO ETF | 3.39% | 46.98% | 54.13% |
REAL The RealReal, Inc. | -34.85% | 44.37% | 306.32% |
Correlation
The correlation between AVGX and REAL is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2024 | 0.28 |
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Return for Risk
AVGX vs. REAL — Risk / Return Rank
AVGX
REAL
AVGX vs. REAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long AVGO ETF (AVGX) and The RealReal, Inc. (REAL). 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 | REAL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.25 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 1.80 | -0.71 |
| Martin ratioReturn relative to average drawdown | 2.35 | 3.95 | -1.59 |
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Drawdowns
AVGX vs. REAL - Drawdown Comparison
The maximum AVGX drawdown since its inception was -70.97%, smaller than the maximum REAL drawdown of -96.44%. Use the drawdown chart below to compare losses from any high point for AVGX and REAL.
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Drawdown Indicators
| AVGX | REAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.97% | -96.44% | +25.47% |
Max Drawdown (1Y)Largest decline over 1 year | -54.09% | -51.95% | -2.14% |
Max Drawdown (3Y)Largest decline over 3 years | — | -57.16% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -95.42% | — |
Current DrawdownCurrent decline from peak | -39.65% | -64.43% | +24.78% |
Average DrawdownAverage peak-to-trough decline | -23.11% | -67.33% | +44.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.90% | 23.62% | +1.28% |
Volatility
AVGX vs. REAL - Volatility Comparison
Defiance Daily Target 2X Long AVGO ETF (AVGX) has a higher volatility of 42.68% compared to The RealReal, Inc. (REAL) at 17.24%. This indicates that AVGX's price experiences larger fluctuations and is considered to be riskier than REAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVGX | REAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 42.68% | 17.24% | +25.44% |
Volatility (6M)Calculated over the trailing 6-month period | 71.57% | 48.58% | +22.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 91.19% | 77.43% | +13.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.96% | 97.37% | +9.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 106.96% | 93.85% | +13.11% |
Dividends
AVGX vs. REAL - Dividend Comparison
AVGX's dividend yield for the trailing twelve months is around 1.60%, while REAL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AVGX Defiance Daily Target 2X Long AVGO ETF | 1.60% | 1.65% | 0.81% |
REAL The RealReal, Inc. | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AVGX and REAL have a correlation of 0.24, 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 REAL (17.24%). In terms of maximum drawdown, AVGX dropped -70.97% vs REAL's -96.44%.
REAL currently has the higher Sharpe Ratio (1.21 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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