AVXX vs. ADBG
AVXX (Defiance Daily Target 2X Long AVAV ETF) and ADBG (Leverage Shares 2X Long ADBE Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.05 correlation, their price movements are largely independent. AVXX charges 1.31%/yr vs 0.75%/yr for ADBG.
Performance
AVXX vs. ADBG - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with AVXX having a -52.20% return and ADBG slightly higher at -52.15%.
AVXX
- 1D
- 12.75%
- 1M
- 39.15%
- YTD
- -52.20%
- 6M
- -67.62%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ADBG
- 1D
- 1.66%
- 1M
- -0.81%
- YTD
- -52.15%
- 6M
- -46.56%
- 1Y
- -69.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVXX vs. ADBG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AVXX Defiance Daily Target 2X Long AVAV ETF | -52.20% | -63.02% |
ADBG Leverage Shares 2X Long ADBE Daily ETF | -52.15% | -5.55% |
Correlation
The correlation between AVXX and ADBG is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025 | 0.05 |
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Return for Risk
AVXX vs. ADBG — Risk / Return Rank
AVXX
ADBG
AVXX vs. ADBG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long AVAV ETF (AVXX) and Leverage Shares 2X Long ADBE Daily ETF (ADBG). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| AVXX | ADBG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -1.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.62 | -0.90 | +0.29 |
Drawdowns
AVXX vs. ADBG - Drawdown Comparison
The maximum AVXX drawdown since its inception was -88.97%, which is greater than ADBG's maximum drawdown of -76.71%. Use the drawdown chart below to compare losses from any high point for AVXX and ADBG.
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Drawdown Indicators
| AVXX | ADBG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.97% | -76.71% | -12.26% |
Max Drawdown (1Y)Largest decline over 1 year | — | -76.23% | — |
Current DrawdownCurrent decline from peak | -82.47% | -70.94% | -11.53% |
Average DrawdownAverage peak-to-trough decline | -61.94% | -41.74% | -20.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 50.32% | — |
Volatility
AVXX vs. ADBG - Volatility Comparison
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Volatility by Period
| AVXX | ADBG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 27.74% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 56.25% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 153.76% | 67.12% | +86.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 153.76% | 66.85% | +86.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 153.76% | 66.85% | +86.91% |
AVXX vs. ADBG - Expense Ratio Comparison
AVXX has a 1.31% expense ratio, which is higher than ADBG's 0.75% expense ratio.
Dividends
AVXX vs. ADBG - Dividend Comparison
AVXX's dividend yield for the trailing twelve months is around 0.75%, while ADBG has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
ADBG Leverage Shares 2X Long ADBE Daily ETF | 0.00% | 0.00% |
AVXX Defiance Daily Target 2X Long AVAV ETF | 0.75% | 0.36% |
Frequently Asked Questions
AVXX and ADBG have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ADBG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ADBG is cheaper with a 0.75% expense ratio, compared with 1.31% for AVXX.
AVXX has the higher dividend yield at 0.75%, compared with 0.00% for ADBG.
They also come from different issuers: Defiance ETFs and Leverage Shares. Their fees differ too: 1.31% for AVXX and 0.75% for ADBG.
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