FIGG vs. AVXX

Last updated Jun 4, 2026

FIGG (Leverage Shares 2X Long FIG Daily ETF) and AVXX (Defiance Daily Target 2X Long AVAV ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.26 correlation, their price movements are largely independent. FIGG charges 0.75%/yr vs 1.31%/yr for AVXX.

Performance

FIGG vs. AVXX - Performance Comparison

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

Returns By Period

In the year-to-date period, FIGG achieves a -74.27% return, which is significantly lower than AVXX's -57.61% return.

FIGG

• 1D: -12.59%
• 1M: 18.39%
• YTD: -74.27%
• 6M: -75.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVXX

• 1D: -12.00%
• 1M: 5.17%
• YTD: -57.61%
• 6M: -68.05%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FIGG vs. AVXX - Yearly Performance Comparison

	2026 (YTD)	2025
FIGG Leverage Shares 2X Long FIG Daily ETF	-74.27%	-54.53%
AVXX Defiance Daily Target 2X Long AVAV ETF	-57.61%	-63.02%

Correlation

The correlation between FIGG and AVXX is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025	0.26

Return for Risk

FIGG vs. AVXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long FIG Daily ETF (FIGG) and Defiance Daily Target 2X Long AVAV ETF (AVXX). 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

	FIGG	AVXX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.66	-0.62	-0.04

Drawdowns

FIGG vs. AVXX - Drawdown Comparison

The maximum FIGG drawdown since its inception was -95.11%, which is greater than AVXX's maximum drawdown of -88.97%. Use the drawdown chart below to compare losses from any high point for FIGG and AVXX.

Drawdown Indicators

	FIGG	AVXX	Difference
Max Drawdown Largest peak-to-trough decline	-95.11%	-88.97%	-6.14%
Current Drawdown Current decline from peak	-91.99%	-84.45%	-7.54%
Average Drawdown Average peak-to-trough decline	-77.03%	-61.80%	-15.23%

Volatility

Volatility by Period

	FIGG	AVXX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	148.39%	153.28%	-4.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	148.39%	153.28%	-4.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	148.39%	153.28%	-4.89%

FIGG vs. AVXX - Expense Ratio Comparison

FIGG has a 0.75% expense ratio, which is lower than AVXX's 1.31% expense ratio.

Dividends

FIGG vs. AVXX - Dividend Comparison

FIGG has not paid dividends to shareholders, while AVXX's dividend yield for the trailing twelve months is around 0.85%.

Position	TTM	2025
AVXX Defiance Daily Target 2X Long AVAV ETF	0.85%	0.36%
FIGG Leverage Shares 2X Long FIG Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both FIGG and AVXX in my portfolio?

FIGG and AVXX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FIGG or AVXX?

On fees, FIGG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FIGG or AVXX?

FIGG is cheaper with a 0.75% expense ratio, compared with 1.31% for AVXX.

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

AVXX has the higher dividend yield at 0.85%, compared with 0.00% for FIGG.

What is the main difference between FIGG and AVXX?

They also come from different issuers: Leverage Shares and Defiance ETFs. Their fees differ too: 0.75% for FIGG and 1.31% for AVXX.