AVL vs. INTW

Last updated Jun 24, 2026

AVL (Direxion Daily AVGO Bull 2X Shares) and INTW (GraniteShares 2x Long INTC Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, AVL returned 64.93% vs 1964.55% for INTW. At a 0.33 correlation, their price movements are largely independent. AVL charges 1.04%/yr vs 1.50%/yr for INTW.

Performance

AVL vs. INTW - Performance Comparison

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

Returns By Period

In the year-to-date period, AVL achieves a 2.77% return, which is significantly lower than INTW's 750.22% return.

AVL

• 1D: -6.83%
• 1M: -20.41%
• YTD: 2.77%
• 6M: 0.78%
• 1Y: 64.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

INTW

• 1D: -12.49%
• 1M: 12.21%
• YTD: 750.22%
• 6M: 775.58%
• 1Y: 1,964.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVL vs. INTW - Yearly Performance Comparison

	2026 (YTD)	2025
AVL Direxion Daily AVGO Bull 2X Shares	2.77%	59.38%
INTW GraniteShares 2x Long INTC Daily ETF	750.22%	60.89%

Correlation

The correlation between AVL and INTW is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	0.33

AVL vs. INTW - Sectors Allocation Comparison

Sectors	AVL	INTW
Technology	100.0%	66.7%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

AVL vs. INTW — Risk / Return Rank

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

AVL

AVL Risk / Return Rank: 25
AVL Sharpe Ratio Rank: 21
AVL Sortino Ratio Rank: 29
AVL Omega Ratio Rank: 30
AVL Calmar Ratio Rank: 26
AVL Martin Ratio Rank: 22

INTW

INTW Risk / Return Rank: 98
INTW Sharpe Ratio Rank: 100
INTW Sortino Ratio Rank: 96
INTW Omega Ratio Rank: 94
INTW Calmar Ratio Rank: 99
INTW Martin Ratio Rank: 99

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. INTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AVGO Bull 2X Shares (AVL) and GraniteShares 2x Long INTC Daily ETF (INTW). 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	INTW	Difference
Sharpe ratio: Return per unit of total volatility	0.70	13.25	-12.55
Sortino ratio: Return per unit of downside risk	1.50	5.13	-3.63
Omega ratio: Gain probability vs. loss probability	1.19	1.65	-0.46
Calmar ratio: Return relative to maximum drawdown	1.22	40.32	-39.11
Martin ratio: Return relative to average drawdown	2.57	91.49	-88.92

AVL vs. INTW - Sharpe Ratio Comparison

The current AVL Sharpe Ratio is 0.70, which is lower than the INTW Sharpe Ratio of 13.25. The chart below compares the historical Sharpe Ratios of AVL and INTW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AVL vs. INTW - Drawdown Comparison

The maximum AVL drawdown since its inception was -70.63%, which is greater than INTW's maximum drawdown of -60.58%. Use the drawdown chart below to compare losses from any high point for AVL and INTW.

Drawdown Indicators

	AVL	INTW	Difference
Max Drawdown Largest peak-to-trough decline	-70.63%	-60.58%	-10.05%
Max Drawdown (1Y) Largest decline over 1 year	-53.69%	-49.34%	-4.35%
Current Drawdown Current decline from peak	-40.86%	-12.49%	-28.37%
Average Drawdown Average peak-to-trough decline	-23.80%	-29.66%	+5.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.34%	21.70%	+3.64%

Volatility

AVL vs. INTW - Volatility Comparison

The current volatility for Direxion Daily AVGO Bull 2X Shares (AVL) is 45.26%, while GraniteShares 2x Long INTC Daily ETF (INTW) has a volatility of 55.81%. This indicates that AVL experiences smaller price fluctuations and is considered to be less risky than INTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVL	INTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	45.26%	55.81%	-10.55%
Volatility (6M) Calculated over the trailing 6-month period	67.56%	119.10%	-51.54%
Volatility (1Y) Calculated over the trailing 1-year period	92.91%	150.14%	-57.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.82%	148.88%	-41.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	107.82%	148.88%	-41.06%

AVL vs. INTW - Expense Ratio Comparison

AVL has a 1.04% expense ratio, which is lower than INTW's 1.50% expense ratio.

Dividends

AVL vs. INTW - Dividend Comparison

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

Position	TTM	2025	2024
AVL Direxion Daily AVGO Bull 2X Shares	28.73%	29.04%	0.22%
INTW GraniteShares 2x Long INTC Daily ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVL and INTW in my portfolio?

AVL and INTW have a correlation of 0.34, 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 INTW?

INTW has higher volatility (55.81%) compared to AVL (45.26%). In terms of maximum drawdown, AVL dropped -70.63% vs INTW's -60.58%.

Which ETF is better, AVL or INTW?

On 1-year performance, INTW leads with 1964.55% vs 64.93% for AVL. On fees, AVL is cheaper at 1.04% per year. On volatility, AVL has been the lower-risk option at 45.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVL or INTW?

Over the 1-year period, INTW has performed better with a 1964.55% return vs 64.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVL or INTW?

AVL is cheaper with a 1.04% expense ratio, compared with 1.50% for INTW.

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

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

What is the main difference between AVL and INTW?

They also come from different issuers: Direxion and GraniteShares. Their fees differ too: 1.04% for AVL and 1.50% for INTW.

Which has better risk-adjusted returns?

INTW currently has the higher Sharpe Ratio (13.25 vs 0.70), 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.