AVL vs. FUTG

Last updated Jun 4, 2026

AVL (Direxion Daily AVGO Bull 2X Shares) and FUTG (Leverage Shares 2X Long FUTU Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.42 correlation, their price movements are largely independent. AVL charges 1.04%/yr vs 0.75%/yr for FUTG.

Performance

AVL vs. FUTG - 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 FUTU Daily ETF (FUTG). 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 FUTG's -75.53% return.

AVL

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

FUTG

• 1D: -11.10%
• 1M: -70.24%
• YTD: -75.53%
• 6M: -77.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVL vs. FUTG - Yearly Performance Comparison

	2026 (YTD)	2025
AVL Direxion Daily AVGO Bull 2X Shares	72.10%	-5.27%
FUTG Leverage Shares 2X Long FUTU Daily ETF	-75.53%	-0.80%

Correlation

The correlation between AVL and FUTG is 0.42, 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 Oct 15, 2025	0.42

Return for Risk

AVL vs. FUTG — 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

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. FUTG - 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 FUTU Daily ETF (FUTG). 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	FUTG	Difference
Sharpe ratio: Return per unit of total volatility	1.97	—	—
Sortino ratio: Return per unit of downside risk	2.54	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	3.14	—	—
Martin ratio: Return relative to average drawdown	7.02	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AVL	FUTG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.97	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.18	-0.66	+1.84

Drawdowns

AVL vs. FUTG - Drawdown Comparison

The maximum AVL drawdown since its inception was -70.63%, smaller than the maximum FUTG drawdown of -86.19%. Use the drawdown chart below to compare losses from any high point for AVL and FUTG.

Drawdown Indicators

	AVL	FUTG	Difference
Max Drawdown Largest peak-to-trough decline	-70.63%	-86.19%	+15.56%
Max Drawdown (1Y) Largest decline over 1 year	-53.69%	—	—
Current Drawdown Current decline from peak	-0.97%	-84.29%	+83.32%
Average Drawdown Average peak-to-trough decline	-23.38%	-40.35%	+16.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.00%	—	—

Volatility

Volatility by Period

	AVL	FUTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.46%	—	—
Volatility (6M) Calculated over the trailing 6-month period	61.68%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	85.76%	136.01%	-50.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	105.25%	136.01%	-30.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	105.25%	136.01%	-30.76%

AVL vs. FUTG - Expense Ratio Comparison

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

Dividends

AVL vs. FUTG - Dividend Comparison

AVL's dividend yield for the trailing twelve months is around 17.16%, while FUTG has not paid dividends to shareholders.

Position	TTM	2025	2024
AVL Direxion Daily AVGO Bull 2X Shares	17.16%	29.04%	0.22%
FUTG Leverage Shares 2X Long FUTU Daily ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVL and FUTG in my portfolio?

AVL and FUTG have a correlation of 0.42, 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 FUTG?

On fees, FUTG 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 FUTG?

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

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

AVL has the higher dividend yield at 17.16%, compared with 0.00% for FUTG.

What is the main difference between AVL and FUTG?

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