AVL vs. HOOG

Last updated Jun 4, 2026

AVL (Direxion Daily AVGO Bull 2X Shares) and HOOG (Leverage Shares 2X Long HOOD Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, AVL returned 167.73% vs -29.31% for HOOG. At a 0.47 correlation, their price movements are largely independent. AVL charges 1.04%/yr vs 0.75%/yr for HOOG.

Performance

AVL vs. HOOG - 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 HOOD Daily ETF (HOOG). 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 HOOG's -60.40% return.

AVL

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

HOOG

• 1D: -12.13%
• 1M: 10.59%
• YTD: -60.40%
• 6M: -72.73%
• 1Y: -29.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVL vs. HOOG - Yearly Performance Comparison

	2026 (YTD)	2025
AVL Direxion Daily AVGO Bull 2X Shares	72.10%	152.85%
HOOG Leverage Shares 2X Long HOOD Daily ETF	-60.40%	291.44%

Correlation

The correlation between AVL and HOOG is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (All Time) Calculated using the full available price history since Mar 24, 2025	0.47

Return for Risk

AVL vs. HOOG — 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

HOOG

HOOG Risk / Return Rank: 9
HOOG Sharpe Ratio Rank: 6
HOOG Sortino Ratio Rank: 14
HOOG Omega Ratio Rank: 13
HOOG Calmar Ratio Rank: 6
HOOG Martin Ratio Rank: 6

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. HOOG - 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 HOOD Daily ETF (HOOG). 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	HOOG	Difference
Sharpe ratio: Return per unit of total volatility	1.97	-0.22	+2.19
Sortino ratio: Return per unit of downside risk	2.54	0.64	+1.90
Omega ratio: Gain probability vs. loss probability	1.32	1.07	+0.24
Calmar ratio: Return relative to maximum drawdown	3.14	-0.34	+3.48
Martin ratio: Return relative to average drawdown	7.02	-0.55	+7.57
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. HOOG - Sharpe Ratio Comparison

The current AVL Sharpe Ratio is 1.97, which is higher than the HOOG Sharpe Ratio of -0.22. The chart below compares the historical Sharpe Ratios of AVL and HOOG, 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	HOOG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.97	-0.22	+2.19
Sharpe Ratio (All Time) Calculated using the full available price history	1.18	0.31	+0.87

Drawdowns

AVL vs. HOOG - Drawdown Comparison

The maximum AVL drawdown since its inception was -70.63%, smaller than the maximum HOOG drawdown of -86.94%. Use the drawdown chart below to compare losses from any high point for AVL and HOOG.

Drawdown Indicators

	AVL	HOOG	Difference
Max Drawdown Largest peak-to-trough decline	-70.63%	-86.94%	+16.31%
Max Drawdown (1Y) Largest decline over 1 year	-53.69%	-86.94%	+33.25%
Current Drawdown Current decline from peak	-0.97%	-81.53%	+80.56%
Average Drawdown Average peak-to-trough decline	-23.38%	-37.56%	+14.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.00%	53.22%	-29.22%

Volatility

AVL vs. HOOG - Volatility Comparison

The current volatility for Direxion Daily AVGO Bull 2X Shares (AVL) is 23.46%, while Leverage Shares 2X Long HOOD Daily ETF (HOOG) has a volatility of 41.51%. This indicates that AVL experiences smaller price fluctuations and is considered to be less risky than HOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVL	HOOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.46%	41.51%	-18.05%
Volatility (6M) Calculated over the trailing 6-month period	61.68%	100.64%	-38.96%
Volatility (1Y) Calculated over the trailing 1-year period	85.76%	137.15%	-51.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	105.25%	144.88%	-39.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	105.25%	144.88%	-39.63%

AVL vs. HOOG - Expense Ratio Comparison

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

Dividends

AVL vs. HOOG - Dividend Comparison

AVL's dividend yield for the trailing twelve months is around 17.16%, less than HOOG's 31.07% yield.

Position	TTM	2025	2024
AVL Direxion Daily AVGO Bull 2X Shares	17.16%	29.04%	0.22%
HOOG Leverage Shares 2X Long HOOD Daily ETF	31.07%	12.30%	0.00%

Frequently Asked Questions

Can I hold both AVL and HOOG in my portfolio?

AVL and HOOG 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 is riskier, AVL or HOOG?

HOOG has higher volatility (41.51%) compared to AVL (23.46%). In terms of maximum drawdown, AVL dropped -70.63% vs HOOG's -86.94%.

Which ETF is better, AVL or HOOG?

On 1-year performance, AVL leads with 167.73% vs -29.31% for HOOG. On fees, HOOG is cheaper at 0.75% per year. On volatility, AVL has been the lower-risk option at 23.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVL or HOOG?

Over the 1-year period, AVL has performed better with a 167.73% return vs -29.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVL or HOOG?

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

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

HOOG has the higher dividend yield at 31.07%, compared with 17.16% for AVL.

What is the main difference between AVL and HOOG?

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

Which has better risk-adjusted returns?

AVL currently has the higher Sharpe Ratio (1.97 vs -0.22), 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.