AVL vs. KO

Last updated Jul 14, 2026

AVL (Direxion Daily AVGO Bull 2X Shares) is Leveraged Equities fund actively managed by Direxion, while KO (The Coca-Cola Company) is a stock. Over the past year, AVL returned 43.00% vs 24.00% for KO. At a correlation of -0.24, they often move in opposite directions.

Performance

AVL vs. KO - Performance Comparison

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

Returns By Period

In the year-to-date period, AVL achieves a 3.29% return, which is significantly lower than KO's 22.12% return.

AVL

• 1D: -8.23%
• 1M: -1.70%
• 6M: 0.37%
• YTD: 3.29%
• 1Y: 43.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KO

• 1D: 0.91%
• 1M: 2.63%
• 6M: 21.10%
• YTD: 22.12%
• 1Y: 24.00%
• 3Y*: 14.75%
• 5Y*: 11.67%
• 10Y*: 9.70%

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

AVL vs. KO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AVL Direxion Daily AVGO Bull 2X Shares	3.29%	54.38%	38.75%
KO The Coca-Cola Company	22.12%	15.60%	-9.83%

Correlation

The correlation between AVL and KO is -0.29, 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	-0.29
Correlation (All Time) Calculated using the full available price history since Oct 10, 2024	-0.25

Return for Risk

AVL vs. KO — Risk / Return Rank

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

AVL

AVL Risk / Return Rank: 23
AVL Sharpe Ratio Rank: 18
AVL Sortino Ratio Rank: 28
AVL Omega Ratio Rank: 28
AVL Calmar Ratio Rank: 22
AVL Martin Ratio Rank: 19

KO

KO Risk / Return Rank: 83
KO Sharpe Ratio Rank: 84
KO Sortino Ratio Rank: 84
KO Omega Ratio Rank: 79
KO Calmar Ratio Rank: 87
KO Martin Ratio Rank: 84

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. KO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AVGO Bull 2X Shares (AVL) and The Coca-Cola Company (KO). 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	KO	Difference
Sharpe ratio: Return per unit of total volatility	0.46	1.39	-0.93
Sortino ratio: Return per unit of downside risk	1.27	2.24	-0.97
Omega ratio: Gain probability vs. loss probability	1.16	1.25	-0.09
Calmar ratio: Return relative to maximum drawdown	0.80	3.06	-2.26
Martin ratio: Return relative to average drawdown	1.59	6.70	-5.10

AVL vs. KO - Sharpe Ratio Comparison

The current AVL Sharpe Ratio is 0.46, which is lower than the KO Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of AVL and KO, 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. KO - Drawdown Comparison

The maximum AVL drawdown since its inception was -70.63%, roughly equal to the maximum KO drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for AVL and KO.

Drawdown Indicators

	AVL	KO	Difference
Max Drawdown Largest peak-to-trough decline	-70.63%	-68.23%	-2.40%
Max Drawdown (1Y) Largest decline over 1 year	-53.69%	-7.87%	-45.82%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.26%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.27%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.99%	—
Current Drawdown Current decline from peak	-40.57%	0.00%	-40.57%
Average Drawdown Average peak-to-trough decline	-24.33%	-16.07%	-8.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.04%	3.59%	+23.45%

Volatility

AVL vs. KO - Volatility Comparison

Direxion Daily AVGO Bull 2X Shares (AVL) has a higher volatility of 29.94% compared to The Coca-Cola Company (KO) at 6.08%. This indicates that AVL's price experiences larger fluctuations and is considered to be riskier than KO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVL	KO	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.94%	6.08%	+23.86%
Volatility (6M) Calculated over the trailing 6-month period	69.63%	13.32%	+56.31%
Volatility (1Y) Calculated over the trailing 1-year period	94.05%	17.32%	+76.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.28%	16.32%	+90.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	107.28%	18.30%	+88.98%

Dividends

AVL vs. KO - Dividend Comparison

AVL's dividend yield for the trailing twelve months is around 28.73%, more than KO's 2.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVL Direxion Daily AVGO Bull 2X Shares	28.73%	29.04%	0.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
KO The Coca-Cola Company	2.47%	2.92%	3.12%	3.12%	2.77%	2.84%	2.99%	2.89%	3.29%	3.23%	3.38%	3.07%

Frequently Asked Questions

Can I hold both AVL and KO in my portfolio?

AVL and KO have a correlation of -0.29, 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 KO?

AVL has higher volatility (29.94%) compared to KO (6.08%). In terms of maximum drawdown, AVL dropped -70.63% vs KO's -68.23%.

Which has better risk-adjusted returns?

KO currently has the higher Sharpe Ratio (1.39 vs 0.46), 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.