AVL vs. IBIC

Last updated Jun 4, 2026

AVL (Direxion Daily AVGO Bull 2X Shares) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - AVL is a Leveraged Equities fund actively managed by Direxion, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. AVL is actively managed, while IBIC is passively managed. Over the past year, AVL returned 167.73% vs 4.54% for IBIC. At a correlation of -0.19, they often move in opposite directions. AVL charges 1.04%/yr vs 0.10%/yr for IBIC.

Performance

AVL vs. IBIC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily AVGO Bull 2X Shares (AVL) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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 IBIC's 2.37% return.

AVL

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

IBIC

• 1D: 0.02%
• 1M: 0.27%
• YTD: 2.37%
• 6M: 2.51%
• 1Y: 4.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVL vs. IBIC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AVL Direxion Daily AVGO Bull 2X Shares	72.10%	54.38%	39.90%
IBIC iShares iBonds Oct 2026 Term TIPS ETF	2.37%	4.96%	0.70%

Correlation

The correlation between AVL and IBIC is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.19
Correlation (All Time) Calculated using the full available price history since Oct 11, 2024	-0.19

Return for Risk

AVL vs. IBIC — 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

IBIC

IBIC Risk / Return Rank: 98
IBIC Sharpe Ratio Rank: 97
IBIC Sortino Ratio Rank: 98
IBIC Omega Ratio Rank: 98
IBIC Calmar Ratio Rank: 98
IBIC Martin Ratio Rank: 98

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. IBIC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AVGO Bull 2X Shares (AVL) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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	IBIC	Difference
Sharpe ratio: Return per unit of total volatility	1.97	5.05	-3.08
Sortino ratio: Return per unit of downside risk	2.54	9.12	-6.58
Omega ratio: Gain probability vs. loss probability	1.32	2.24	-0.92
Calmar ratio: Return relative to maximum drawdown	3.14	17.27	-14.13
Martin ratio: Return relative to average drawdown	7.02	67.45	-60.43
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. IBIC - Sharpe Ratio Comparison

The current AVL Sharpe Ratio is 1.97, which is lower than the IBIC Sharpe Ratio of 5.05. The chart below compares the historical Sharpe Ratios of AVL and IBIC, 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	IBIC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.97	5.05	-3.08
Sharpe Ratio (All Time) Calculated using the full available price history	1.18	3.49	-2.31

Drawdowns

AVL vs. IBIC - Drawdown Comparison

The maximum AVL drawdown since its inception was -70.63%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for AVL and IBIC.

Drawdown Indicators

	AVL	IBIC	Difference
Max Drawdown Largest peak-to-trough decline	-70.63%	-0.90%	-69.73%
Max Drawdown (1Y) Largest decline over 1 year	-53.69%	-0.26%	-53.43%
Current Drawdown Current decline from peak	-0.97%	-0.13%	-0.84%
Average Drawdown Average peak-to-trough decline	-23.38%	-0.10%	-23.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.00%	0.07%	+23.93%

Volatility

AVL vs. IBIC - Volatility Comparison

Direxion Daily AVGO Bull 2X Shares (AVL) has a higher volatility of 23.46% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.33%. This indicates that AVL's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVL	IBIC	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.46%	0.33%	+23.13%
Volatility (6M) Calculated over the trailing 6-month period	61.68%	0.67%	+61.01%
Volatility (1Y) Calculated over the trailing 1-year period	85.76%	0.90%	+84.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	105.25%	1.58%	+103.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	105.25%	1.58%	+103.67%

AVL vs. IBIC - Expense Ratio Comparison

AVL has a 1.04% expense ratio, which is higher than IBIC's 0.10% expense ratio.

Dividends

AVL vs. IBIC - Dividend Comparison

AVL's dividend yield for the trailing twelve months is around 17.16%, more than IBIC's 3.59% yield.

Position	TTM	2025	2024	2023
AVL Direxion Daily AVGO Bull 2X Shares	17.16%	29.04%	0.22%	0.00%
IBIC iShares iBonds Oct 2026 Term TIPS ETF	3.59%	4.43%	4.65%	0.83%

Frequently Asked Questions

Can I hold both AVL and IBIC in my portfolio?

AVL and IBIC have a correlation of -0.19, 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 IBIC?

AVL has higher volatility (23.46%) compared to IBIC (0.33%). In terms of maximum drawdown, AVL dropped -70.63% vs IBIC's -0.90%.

Which ETF is better, AVL or IBIC?

On 1-year performance, AVL leads with 167.73% vs 4.54% for IBIC. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVL or IBIC?

Over the 1-year period, AVL has performed better with a 167.73% return vs 4.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVL or IBIC?

IBIC is cheaper with a 0.10% expense ratio, compared with 1.04% for AVL.

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

AVL has the higher dividend yield at 17.16%, compared with 3.59% for IBIC.

What is the main difference between AVL and IBIC?

AVL is categorized as Leveraged Equities, while IBIC is Inflation-Protected Bonds. They also come from different issuers: Direxion and iShares. Their fees differ too: 1.04% for AVL and 0.10% for IBIC.

Which has better risk-adjusted returns?

IBIC currently has the higher Sharpe Ratio (5.05 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.