AVL vs. ALBG

Last updated Jul 14, 2026

AVL (Direxion Daily AVGO Bull 2X Shares) and ALBG (Leverage Shares 2X Long ALB Daily ETF) are both Leveraged Equities funds. AVL is actively managed, while ALBG is passively managed. At a 0.20 correlation, their price movements are largely independent. AVL charges 1.04%/yr vs 0.75%/yr for ALBG.

Performance

AVL vs. ALBG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily AVGO Bull 2X Shares (AVL) and Leverage Shares 2X Long ALB Daily ETF (ALBG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AVL

• 1D: -8.23%
• 1M: -1.70%
• 6M: 0.37%
• YTD: 3.29%
• 1Y: 43.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ALBG

• 1D: -0.19%
• 1M: -46.99%
• 6M: -58.75%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVL vs. ALBG - Yearly Performance Comparison

	2026 (YTD)
AVL Direxion Daily AVGO Bull 2X Shares	0.37%
ALBG Leverage Shares 2X Long ALB Daily ETF	-58.75%

Correlation

The correlation between AVL and ALBG is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 13, 2026	0.20

Return for Risk

AVL vs. ALBG — Risk / Return Rank

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

AVL

AVL Risk / Return Rank: 23
AVL Sharpe Ratio Rank: 18
AVL Sortino Ratio Rank: 28
AVL Omega Ratio Rank: 28
AVL Calmar Ratio Rank: 22
AVL Martin Ratio Rank: 19

ALBG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

AVL vs. ALBG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AVGO Bull 2X Shares (AVL) and Leverage Shares 2X Long ALB Daily ETF (ALBG). 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	ALBG	Difference
Sharpe ratio: Return per unit of total volatility	0.46	—	—
Sortino ratio: Return per unit of downside risk	1.27	—	—
Omega ratio: Gain probability vs. loss probability	1.16	—	—
Calmar ratio: Return relative to maximum drawdown	0.80	—	—
Martin ratio: Return relative to average drawdown	1.59	—	—

Drawdowns

AVL vs. ALBG - Drawdown Comparison

The maximum AVL drawdown since its inception was -70.63%, roughly equal to the maximum ALBG drawdown of -68.98%. Use the drawdown chart below to compare losses from any high point for AVL and ALBG.

Drawdown Indicators

	AVL	ALBG	Difference
Max Drawdown Largest peak-to-trough decline	-70.63%	-68.98%	-1.65%
Max Drawdown (1Y) Largest decline over 1 year	-53.69%	—	—
Current Drawdown Current decline from peak	-40.57%	-68.98%	+28.41%
Average Drawdown Average peak-to-trough decline	-24.33%	-30.62%	+6.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.04%	—	—

Volatility

Volatility by Period

	AVL	ALBG	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.94%	—	—
Volatility (6M) Calculated over the trailing 6-month period	69.63%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	94.05%	120.72%	-26.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.28%	120.72%	-13.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	107.28%	120.72%	-13.44%

AVL vs. ALBG - Expense Ratio Comparison

AVL has a 1.04% expense ratio, which is higher than ALBG's 0.75% expense ratio.

Dividends

AVL vs. ALBG - Dividend Comparison

AVL's dividend yield for the trailing twelve months is around 28.73%, while ALBG has not paid dividends to shareholders.

Position	TTM	2025	2024
ALBG Leverage Shares 2X Long ALB Daily ETF	0.00%	0.00%	0.00%
AVL Direxion Daily AVGO Bull 2X Shares	28.73%	29.04%	0.22%

Frequently Asked Questions

Can I hold both AVL and ALBG in my portfolio?

AVL and ALBG have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AVL or ALBG?

On fees, ALBG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AVL or ALBG?

ALBG is cheaper with a 0.75% expense ratio, compared with 1.04% for AVL.

Which ETF pays a higher dividend yield, AVL or ALBG?

AVL has the higher dividend yield at 28.73%, compared with 0.00% for ALBG.

What is the main difference between AVL and ALBG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.04% for AVL and 0.75% for ALBG.