AVL vs. AVGO

Last updated Jun 4, 2026

AVL (Direxion Daily AVGO Bull 2X Shares) is Leveraged Equities fund actively managed by Direxion, while AVGO (Broadcom Inc.) is a stock. Over the past year, AVL returned 167.73% vs 88.09% for AVGO. With a 1.00 correlation, they move nearly in lockstep.

Performance

AVL vs. AVGO - Performance Comparison

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

Returns By Period

In the year-to-date period, AVL achieves a 72.10% return, which is significantly higher than AVGO's 38.76% return.

AVL

• 1D: -0.97%
• 1M: 29.70%
• YTD: 72.10%
• 6M: 38.64%
• 1Y: 167.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVGO

• 1D: -0.49%
• 1M: 15.06%
• YTD: 38.76%
• 6M: 26.42%
• 1Y: 88.09%
• 3Y*: 83.13%
• 5Y*: 61.98%
• 10Y*: 43.87%

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

AVL vs. AVGO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AVL Direxion Daily AVGO Bull 2X Shares	72.10%	54.38%	39.90%
AVGO Broadcom Inc.	38.76%	50.63%	25.19%

Correlation

The correlation between AVL and AVGO is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (All Time) Calculated using the full available price history since Oct 11, 2024	1.00

The correlation between AVL and AVGO has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

AVL vs. AVGO — Risk / Return Rank

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

AVL

AVL Risk / Return Rank: 53
AVL Sharpe Ratio Rank: 58
AVL Sortino Ratio Rank: 52
AVL Omega Ratio Rank: 50
AVL Calmar Ratio Rank: 63
AVL Martin Ratio Rank: 43

AVGO

AVGO Risk / Return Rank: 84
AVGO Sharpe Ratio Rank: 88
AVGO Sortino Ratio Rank: 85
AVGO Omega Ratio Rank: 83
AVGO Calmar Ratio Rank: 82
AVGO Martin Ratio Rank: 81

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. AVGO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AVGO Bull 2X Shares (AVL) and Broadcom Inc. (AVGO). 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.

	AVL	AVGO	Difference
Sharpe ratio Return per unit of total volatility	1.97	2.07	-0.09
Sortino ratio Return per unit of downside risk	2.54	2.74	-0.20
Omega ratio Gain probability vs. loss probability	1.32	1.34	-0.03
Calmar ratio Return relative to maximum drawdown	3.14	3.09	+0.05
Martin ratio Return relative to average drawdown	7.02	7.42	-0.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVL vs. AVGO - Sharpe Ratio Comparison

The current AVL Sharpe Ratio is 1.97, which is comparable to the AVGO Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of AVL and AVGO, 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

	AVL	AVGO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.97	2.07	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.46	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.18	1.14	+0.04

Drawdowns

AVL vs. AVGO - Drawdown Comparison

The maximum AVL drawdown since its inception was -70.63%, which is greater than AVGO's maximum drawdown of -48.30%. Use the drawdown chart below to compare losses from any high point for AVL and AVGO.

Drawdown Indicators

	AVL	AVGO	Difference
Max Drawdown Largest peak-to-trough decline	-70.63%	-48.30%	-22.33%
Max Drawdown (1Y) Largest decline over 1 year	-53.69%	-28.67%	-25.02%
Max Drawdown (3Y) Largest decline over 3 years	—	-41.15%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-41.15%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-48.30%	—
Current Drawdown Current decline from peak	-0.97%	-0.49%	-0.48%
Average Drawdown Average peak-to-trough decline	-23.38%	-7.97%	-15.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.00%	11.91%	+12.09%

Volatility

AVL vs. AVGO - Volatility Comparison

Direxion Daily AVGO Bull 2X Shares (AVL) has a higher volatility of 23.46% compared to Broadcom Inc. (AVGO) at 11.91%. This indicates that AVL's price experiences larger fluctuations and is considered to be riskier than AVGO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVL	AVGO	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.46%	11.91%	+11.55%
Volatility (6M) Calculated over the trailing 6-month period	61.68%	30.70%	+30.98%
Volatility (1Y) Calculated over the trailing 1-year period	85.76%	42.95%	+42.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	105.25%	42.78%	+62.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	105.25%	39.18%	+66.07%

Dividends

AVL vs. AVGO - Dividend Comparison

AVL's dividend yield for the trailing twelve months is around 17.16%, more than AVGO's 0.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVGO Broadcom Inc.	0.52%	0.70%	0.94%	1.71%	3.02%	2.24%	3.05%	3.54%	3.11%	1.87%	1.43%	1.13%
AVL Direxion Daily AVGO Bull 2X Shares	17.16%	29.04%	0.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVL and AVGO in my portfolio?

With a correlation of 1.00, AVL and AVGO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AVL or AVGO?

AVL has higher volatility (23.46%) compared to AVGO (11.91%). In terms of maximum drawdown, AVL dropped -70.63% vs AVGO's -48.30%.

Which has better risk-adjusted returns?

AVGO currently has the higher Sharpe Ratio (2.07 vs 1.97), 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.