AVL vs. PANW
AVL (Direxion Daily AVGO Bull 2X Shares) is Leveraged Equities fund actively managed by Direxion, while PANW (Palo Alto Networks, Inc.) is a stock. Over the past year, AVL returned 64.93% vs 43.08% for PANW. At a 0.34 correlation, their price movements are largely independent.
Performance
AVL vs. PANW - Performance Comparison
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Returns By Period
In the year-to-date period, AVL achieves a 2.77% return, which is significantly lower than PANW's 57.93% return.
AVL
- 1D
- -6.83%
- 1M
- -20.41%
- YTD
- 2.77%
- 6M
- 0.78%
- 1Y
- 64.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PANW
- 1D
- 1.58%
- 1M
- 11.64%
- YTD
- 57.93%
- 6M
- 54.64%
- 1Y
- 43.08%
- 3Y*
- 33.61%
- 5Y*
- 36.19%
- 10Y*
- 30.51%
AVL vs. PANW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AVL Direxion Daily AVGO Bull 2X Shares | 2.77% | 54.38% | 38.75% |
PANW Palo Alto Networks, Inc. | 57.93% | 1.23% | 0.29% |
Correlation
The correlation between AVL and PANW is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2024 | 0.34 |
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Return for Risk
AVL vs. PANW — Risk / Return Rank
AVL
PANW
AVL vs. PANW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AVGO Bull 2X Shares (AVL) and Palo Alto Networks, Inc. (PANW). 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 | PANW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.21 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.20 | +0.01 |
| Martin ratioReturn relative to average drawdown | 2.57 | 2.72 | -0.15 |
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Drawdowns
AVL vs. PANW - Drawdown Comparison
The maximum AVL drawdown since its inception was -70.63%, which is greater than PANW's maximum drawdown of -47.98%. Use the drawdown chart below to compare losses from any high point for AVL and PANW.
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Drawdown Indicators
| AVL | PANW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.63% | -47.98% | -22.65% |
Max Drawdown (1Y)Largest decline over 1 year | -53.69% | -36.01% | -17.68% |
Max Drawdown (3Y)Largest decline over 3 years | — | -36.01% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.01% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.98% | — |
Current DrawdownCurrent decline from peak | -40.86% | -3.18% | -37.68% |
Average DrawdownAverage peak-to-trough decline | -23.80% | -14.67% | -9.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.34% | 15.89% | +9.45% |
Volatility
AVL vs. PANW - Volatility Comparison
Direxion Daily AVGO Bull 2X Shares (AVL) has a higher volatility of 45.26% compared to Palo Alto Networks, Inc. (PANW) at 16.13%. This indicates that AVL's price experiences larger fluctuations and is considered to be riskier than PANW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVL | PANW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 45.26% | 16.13% | +29.13% |
Volatility (6M)Calculated over the trailing 6-month period | 67.56% | 32.18% | +35.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 92.91% | 39.00% | +53.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 107.82% | 41.75% | +66.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 107.82% | 38.62% | +69.20% |
Dividends
AVL vs. PANW - Dividend Comparison
AVL's dividend yield for the trailing twelve months is around 28.73%, while PANW has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AVL Direxion Daily AVGO Bull 2X Shares | 28.73% | 29.04% | 0.22% |
PANW Palo Alto Networks, Inc. | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AVL and PANW have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVL has higher volatility (45.26%) compared to PANW (16.13%). In terms of maximum drawdown, AVL dropped -70.63% vs PANW's -47.98%.
PANW currently has the higher Sharpe Ratio (1.11 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.
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