AVL vs. NVDU

Last updated Jul 14, 2026

AVL (Direxion Daily AVGO Bull 2X Shares) and NVDU (Direxion Daily NVDA Bull 2X Shares ETF) are both Leveraged Equities funds from Direxion. Both are actively managed. Over the past year, AVL returned 43.00% vs 20.36% for NVDU. A 0.57 correlation means they provide meaningful diversification when combined. Both charge a 1.04% expense ratio.

Performance

AVL vs. NVDU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily AVGO Bull 2X Shares (AVL) and Direxion Daily NVDA Bull 2X Shares ETF (NVDU). 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 NVDU's 4.77% return.

AVL

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

NVDU

• 1D: -7.22%
• 1M: -3.67%
• 6M: 6.87%
• YTD: 4.77%
• 1Y: 20.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVL vs. NVDU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AVL Direxion Daily AVGO Bull 2X Shares	3.29%	54.38%	38.75%
NVDU Direxion Daily NVDA Bull 2X Shares ETF	4.77%	33.65%	-3.37%

Correlation

The correlation between AVL and NVDU is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (All Time) Calculated using the full available price history since Oct 10, 2024	0.57

The correlation between AVL and NVDU has been stable across timeframes, ranging from 0.53 to 0.57 - a consistent structural relationship.

AVL vs. NVDU - Sectors Allocation Comparison

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

Return for Risk

AVL vs. NVDU — 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

NVDU

NVDU Risk / Return Rank: 17
NVDU Sharpe Ratio Rank: 14
NVDU Sortino Ratio Rank: 20
NVDU Omega Ratio Rank: 19
NVDU Calmar Ratio Rank: 16
NVDU Martin Ratio Rank: 15

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. NVDU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AVGO Bull 2X Shares (AVL) and Direxion Daily NVDA Bull 2X Shares ETF (NVDU). 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	NVDU	Difference
Sharpe ratio: Return per unit of total volatility	0.46	0.29	+0.17
Sortino ratio: Return per unit of downside risk	1.27	0.90	+0.37
Omega ratio: Gain probability vs. loss probability	1.16	1.10	+0.06
Calmar ratio: Return relative to maximum drawdown	0.80	0.48	+0.32
Martin ratio: Return relative to average drawdown	1.59	0.99	+0.60

AVL vs. NVDU - Sharpe Ratio Comparison

The current AVL Sharpe Ratio is 0.46, which is higher than the NVDU Sharpe Ratio of 0.29. The chart below compares the historical Sharpe Ratios of AVL and NVDU, 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. NVDU - Drawdown Comparison

The maximum AVL drawdown since its inception was -70.63%, roughly equal to the maximum NVDU drawdown of -67.27%. Use the drawdown chart below to compare losses from any high point for AVL and NVDU.

Drawdown Indicators

	AVL	NVDU	Difference
Max Drawdown Largest peak-to-trough decline	-70.63%	-67.27%	-3.36%
Max Drawdown (1Y) Largest decline over 1 year	-53.69%	-42.27%	-11.42%
Current Drawdown Current decline from peak	-40.57%	-28.65%	-11.92%
Average Drawdown Average peak-to-trough decline	-24.33%	-19.14%	-5.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.04%	20.57%	+6.47%

Volatility

AVL vs. NVDU - Volatility Comparison

Direxion Daily AVGO Bull 2X Shares (AVL) has a higher volatility of 29.94% compared to Direxion Daily NVDA Bull 2X Shares ETF (NVDU) at 21.81%. This indicates that AVL's price experiences larger fluctuations and is considered to be riskier than NVDU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVL	NVDU	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.94%	21.81%	+8.13%
Volatility (6M) Calculated over the trailing 6-month period	69.63%	54.22%	+15.41%
Volatility (1Y) Calculated over the trailing 1-year period	94.05%	71.03%	+23.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.28%	90.68%	+16.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	107.28%	90.68%	+16.60%

AVL vs. NVDU - Expense Ratio Comparison

Both AVL and NVDU have an expense ratio of 1.04%.

Dividends

AVL vs. NVDU - Dividend Comparison

AVL's dividend yield for the trailing twelve months is around 28.73%, more than NVDU's 5.63% yield.

Position	TTM	2025	2024	2023
AVL Direxion Daily AVGO Bull 2X Shares	28.73%	29.04%	0.22%	0.00%
NVDU Direxion Daily NVDA Bull 2X Shares ETF	5.63%	5.68%	16.85%	0.63%

Frequently Asked Questions

Can I hold both AVL and NVDU in my portfolio?

AVL and NVDU have a correlation of 0.53, 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 NVDU?

AVL has higher volatility (29.94%) compared to NVDU (21.81%). In terms of maximum drawdown, AVL dropped -70.63% vs NVDU's -67.27%.

Which ETF is better, AVL or NVDU?

On 1-year performance, AVL leads with 43.00% vs 20.36% for NVDU. Both ETFs have the same 1.04% expense ratio. On volatility, NVDU has been the lower-risk option at 21.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVL or NVDU?

Over the 1-year period, AVL has performed better with a 43.00% return vs 20.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVL or NVDU?

AVL and NVDU have the same expense ratio: 1.04% per year.

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

AVL has the higher dividend yield at 28.73%, compared with 5.63% for NVDU.

Which has better risk-adjusted returns?

AVL currently has the higher Sharpe Ratio (0.46 vs 0.29), 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.