AVL vs. AAOI
AVL (Direxion Daily AVGO Bull 2X Shares) is Leveraged Equities fund actively managed by Direxion, while AAOI (Applied Optoelectronics, Inc.) is a stock. Over the past year, AVL returned 55.05% vs 531.04% for AAOI. At a 0.43 correlation, their price movements are largely independent.
Performance
AVL vs. AAOI - Performance Comparison
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Returns By Period
In the year-to-date period, AVL achieves a 4.18% return, which is significantly lower than AAOI's 321.60% return.
AVL
- 1D
- 0.96%
- 1M
- -19.32%
- YTD
- 4.18%
- 6M
- 1.69%
- 1Y
- 55.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAOI
- 1D
- -0.32%
- 1M
- -19.02%
- YTD
- 321.60%
- 6M
- 258.46%
- 1Y
- 531.04%
- 3Y*
- 223.53%
- 5Y*
- 75.53%
- 10Y*
- 31.07%
AVL vs. AAOI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AVL Direxion Daily AVGO Bull 2X Shares | 4.18% | 54.38% | 38.75% |
AAOI Applied Optoelectronics, Inc. | 321.60% | -5.43% | 127.95% |
Correlation
The correlation between AVL and AAOI is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2024 | 0.43 |
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Return for Risk
AVL vs. AAOI — Risk / Return Rank
AVL
AAOI
AVL vs. AAOI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AVGO Bull 2X Shares (AVL) and Applied Optoelectronics, Inc. (AAOI). 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.
| AVL | AAOI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.27 | ||
| Sortino ratioReturn per unit of downside risk | -2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.42 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 11.25 | -10.22 |
| Martin ratioReturn relative to average drawdown | 2.17 | 30.10 | -27.93 |
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Drawdowns
AVL vs. AAOI - Drawdown Comparison
The maximum AVL drawdown since its inception was -70.63%, smaller than the maximum AAOI drawdown of -98.49%. Use the drawdown chart below to compare losses from any high point for AVL and AAOI.
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Drawdown Indicators
| AVL | AAOI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.63% | -98.49% | +27.86% |
Max Drawdown (1Y)Largest decline over 1 year | -53.69% | -47.64% | -6.05% |
Max Drawdown (3Y)Largest decline over 3 years | — | -77.17% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -83.07% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -98.49% | — |
Current DrawdownCurrent decline from peak | -40.05% | -34.12% | -5.93% |
Average DrawdownAverage peak-to-trough decline | -23.84% | -65.58% | +41.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.46% | 17.76% | +7.70% |
Volatility
AVL vs. AAOI - Volatility Comparison
Direxion Daily AVGO Bull 2X Shares (AVL) and Applied Optoelectronics, Inc. (AAOI) have volatilities of 45.25% and 44.02%, 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
| AVL | AAOI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 45.25% | 44.02% | +1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 67.26% | 110.80% | -43.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 92.85% | 138.60% | -45.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 107.67% | 119.83% | -12.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 107.67% | 98.54% | +9.13% |
Dividends
AVL vs. AAOI - Dividend Comparison
AVL's dividend yield for the trailing twelve months is around 28.48%, while AAOI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AAOI Applied Optoelectronics, Inc. | 0.00% | 0.00% | 0.00% |
AVL Direxion Daily AVGO Bull 2X Shares | 28.48% | 29.04% | 0.22% |
Frequently Asked Questions
AVL and AAOI have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVL has higher volatility (45.25%) compared to AAOI (44.02%). In terms of maximum drawdown, AVL dropped -70.63% vs AAOI's -98.49%.
AAOI currently has the higher Sharpe Ratio (3.87 vs 0.60), 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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