AVGX vs. TECL
Compare and contrast key facts about Defiance Daily Target 2X Long AVGO ETF (AVGX) and Direxion Daily Technology Bull 3X Shares (TECL).
AVGX and TECL 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. TECL is a passively managed fund by Direxion that tracks the performance of the Technology Select Sector Index (300%). It was launched on Dec 17, 2008.
Performance
AVGX vs. TECL - Performance Comparison
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AVGX vs. TECL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AVGX Defiance Daily Target 2X Long AVGO ETF | -23.54% | 46.98% | 69.92% |
TECL Direxion Daily Technology Bull 3X Shares | -23.03% | 38.60% | 7.76% |
Returns By Period
The year-to-date returns for both investments are quite close, with AVGX having a -23.54% return and TECL slightly higher at -23.03%.
AVGX
- 1D
- 2.46%
- 1M
- -5.51%
- YTD
- -23.54%
- 6M
- -25.44%
- 1Y
- 143.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TECL
- 1D
- 4.38%
- 1M
- -11.82%
- YTD
- -23.03%
- 6M
- -24.85%
- 1Y
- 61.22%
- 3Y*
- 37.70%
- 5Y*
- 17.45%
- 10Y*
- 37.79%
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AVGX vs. TECL - Expense Ratio Comparison
AVGX has a 1.29% expense ratio, which is higher than TECL's 1.08% expense ratio.
Return for Risk
AVGX vs. TECL — Risk / Return Rank
AVGX
TECL
AVGX vs. TECL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long AVGO ETF (AVGX) and Direxion Daily Technology Bull 3X Shares (TECL). 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 | TECL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 0.77 | +0.73 |
Sortino ratioReturn per unit of downside risk | 2.28 | 1.49 | +0.79 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.21 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.70 | 1.38 | +1.32 |
Martin ratioReturn relative to average drawdown | 6.27 | 3.85 | +2.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AVGX | TECL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 0.77 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.24 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.63 | -0.17 |
Correlation
The correlation between AVGX and TECL is 0.75, 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. TECL - Dividend Comparison
AVGX's dividend yield for the trailing twelve months is around 2.16%, less than TECL's 9.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVGX Defiance Daily Target 2X Long AVGO ETF | 2.16% | 1.65% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TECL Direxion Daily Technology Bull 3X Shares | 9.23% | 7.19% | 0.29% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% |
Drawdowns
AVGX vs. TECL - Drawdown Comparison
The maximum AVGX drawdown since its inception was -70.97%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for AVGX and TECL.
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Drawdown Indicators
| AVGX | TECL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.97% | -77.96% | +6.99% |
Max Drawdown (1Y)Largest decline over 1 year | -54.09% | -46.58% | -7.51% |
Max Drawdown (5Y)Largest decline over 5 years | — | -77.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.96% | — |
Current DrawdownCurrent decline from peak | -47.77% | -37.08% | -10.69% |
Average DrawdownAverage peak-to-trough decline | -23.64% | -18.49% | -5.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.31% | 16.75% | +6.56% |
Volatility
AVGX vs. TECL - Volatility Comparison
Defiance Daily Target 2X Long AVGO ETF (AVGX) and Direxion Daily Technology Bull 3X Shares (TECL) have volatilities of 25.01% and 24.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVGX | TECL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.01% | 24.34% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 65.23% | 49.46% | +15.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 95.98% | 79.85% | +16.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.59% | 73.52% | +33.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 106.59% | 71.84% | +34.75% |