AVL vs. TERG

Last updated Apr 2, 2026

Compare and contrast key facts about Direxion Daily AVGO Bull 2X Shares (AVL) and Leverage Shares 2X Long TER Daily ETF (TERG).

AVL and TERG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AVL is an actively managed fund by Direxion. It was launched on Oct 9, 2024. TERG is an actively managed fund by Leverage Shares. It was launched on Nov 17, 2025.

Performance

AVL vs. TERG - Performance Comparison

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

AVL vs. TERG - Yearly Performance Comparison

	2026 (YTD)	2025
AVL Direxion Daily AVGO Bull 2X Shares	-22.89%	-2.64%
TERG Leverage Shares 2X Long TER Daily ETF	124.98%	28.17%

Returns By Period

In the year-to-date period, AVL achieves a -22.89% return, which is significantly lower than TERG's 124.98% return.

AVL

• 1D: 2.67%
• 1M: -5.06%
• YTD: -22.89%
• 6M: -23.66%
• 1Y: 154.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TERG

• 1D: 10.94%
• 1M: -13.61%
• YTD: 124.98%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVL vs. TERG - Expense Ratio Comparison

AVL has a 1.04% expense ratio, which is higher than TERG's 0.75% expense ratio.

AVL

Direxion Daily AVGO Bull 2X Shares

TERG

Leverage Shares 2X Long TER Daily ETF

Return for Risk

AVL vs. TERG — Risk / Return Rank

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

AVL

AVL Risk / Return Rank: 77
AVL Sharpe Ratio Rank: 80
AVL Sortino Ratio Rank: 84
AVL Omega Ratio Rank: 76
AVL Calmar Ratio Rank: 85
AVL Martin Ratio Rank: 59

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. TERG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AVGO Bull 2X Shares (AVL) and Leverage Shares 2X Long TER Daily ETF (TERG). 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	TERG	Difference
Sharpe ratio Return per unit of total volatility	1.61	—	—
Sortino ratio Return per unit of downside risk	2.36	—	—
Omega ratio Gain probability vs. loss probability	1.31	—	—
Calmar ratio Return relative to maximum drawdown	2.93	—	—
Martin ratio Return relative to average drawdown	6.78	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AVL	TERG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	13.84	-13.45

Correlation

The correlation between AVL and TERG is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

AVL vs. TERG - Dividend Comparison

AVL's dividend yield for the trailing twelve months is around 38.30%, while TERG has not paid dividends to shareholders.

	TTM	2025	2024
AVL Direxion Daily AVGO Bull 2X Shares	38.30%	29.04%	0.22%
TERG Leverage Shares 2X Long TER Daily ETF	0.00%	0.00%	0.00%

Drawdowns

AVL vs. TERG - Drawdown Comparison

The maximum AVL drawdown since its inception was -70.63%, which is greater than TERG's maximum drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for AVL and TERG.

Drawdown Indicators

	AVL	TERG	Difference
Max Drawdown Largest peak-to-trough decline	-70.63%	-39.32%	-31.31%
Max Drawdown (1Y) Largest decline over 1 year	-53.69%	—	—
Current Drawdown Current decline from peak	-47.33%	-22.98%	-24.35%
Average Drawdown Average peak-to-trough decline	-24.56%	-9.92%	-14.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.18%	—	—

Volatility

Volatility by Period

	AVL	TERG	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.80%	—	—
Volatility (6M) Calculated over the trailing 6-month period	65.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	96.34%	124.92%	-28.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.45%	124.92%	-17.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	107.45%	124.92%	-17.47%