AVXX vs. BEX

Last updated Jun 5, 2026

AVXX (Defiance Daily Target 2X Long AVAV ETF) and BEX (Tradr 2X Long BE Daily ETF) are both Leveraged Equities funds. Both are actively managed. A 0.75 correlation means they provide meaningful diversification when combined. AVXX charges 1.31%/yr vs 1.30%/yr for BEX.

Performance

AVXX vs. BEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long AVAV ETF (AVXX) and Tradr 2X Long BE Daily ETF (BEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AVXX

• 1D: 12.75%
• 1M: 39.15%
• YTD: -52.20%
• 6M: -67.62%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BEX

• 1D: 2.94%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVXX vs. BEX - Yearly Performance Comparison

	2026 (YTD)
AVXX Defiance Daily Target 2X Long AVAV ETF	20.61%
BEX Tradr 2X Long BE Daily ETF	-8.87%

Correlation

The correlation between AVXX and BEX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	0.75

Return for Risk

AVXX vs. BEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long AVAV ETF (AVXX) and Tradr 2X Long BE Daily ETF (BEX). 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.

Sharpe Ratios by Period

	AVXX	BEX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.62	-0.61	-0.01

Drawdowns

AVXX vs. BEX - Drawdown Comparison

The maximum AVXX drawdown since its inception was -88.97%, which is greater than BEX's maximum drawdown of -18.65%. Use the drawdown chart below to compare losses from any high point for AVXX and BEX.

Drawdown Indicators

	AVXX	BEX	Difference
Max Drawdown Largest peak-to-trough decline	-88.97%	-18.65%	-70.32%
Current Drawdown Current decline from peak	-82.47%	-8.87%	-73.60%
Average Drawdown Average peak-to-trough decline	-61.94%	-9.34%	-52.60%

Volatility

Volatility by Period

	AVXX	BEX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	153.76%	170.67%	-16.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	153.76%	170.67%	-16.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	153.76%	170.67%	-16.91%

AVXX vs. BEX - Expense Ratio Comparison

AVXX has a 1.31% expense ratio, which is higher than BEX's 1.30% expense ratio.

Dividends

AVXX vs. BEX - Dividend Comparison

AVXX's dividend yield for the trailing twelve months is around 0.75%, while BEX has not paid dividends to shareholders.

Position	TTM	2025
AVXX Defiance Daily Target 2X Long AVAV ETF	0.75%	0.36%
BEX Tradr 2X Long BE Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVXX and BEX in my portfolio?

AVXX and BEX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AVXX or BEX?

On fees, BEX is cheaper at 1.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AVXX or BEX?

BEX is cheaper with a 1.30% expense ratio, compared with 1.31% for AVXX.

Which ETF pays a higher dividend yield, AVXX or BEX?

AVXX has the higher dividend yield at 0.75%, compared with 0.00% for BEX.

What is the main difference between AVXX and BEX?

They also come from different issuers: Defiance ETFs and Tradr. Their fees differ too: 1.31% for AVXX and 1.30% for BEX.