FN vs. AVGX
FN (Fabrinet) is a stock, while AVGX (Defiance Daily Target 2X Long AVGO ETF) is Leveraged Equities fund actively managed by Defiance. Over the past year, FN returned 149.30% vs 68.20% for AVGX. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
FN vs. AVGX - Performance Comparison
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Returns By Period
In the year-to-date period, FN achieves a 34.21% return, which is significantly higher than AVGX's 3.39% return.
FN
- 1D
- 4.94%
- 1M
- -15.38%
- YTD
- 34.21%
- 6M
- 29.76%
- 1Y
- 149.30%
- 3Y*
- 67.62%
- 5Y*
- 45.38%
- 10Y*
- 32.67%
AVGX
- 1D
- -1.88%
- 1M
- -28.54%
- YTD
- 3.39%
- 6M
- -5.26%
- 1Y
- 68.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FN vs. AVGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FN Fabrinet | 34.21% | 107.06% | -19.61% |
AVGX Defiance Daily Target 2X Long AVGO ETF | 3.39% | 46.98% | 54.13% |
Correlation
The correlation between FN and AVGX is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2024 | 0.54 |
The correlation between FN and AVGX has been stable across timeframes, ranging from 0.52 to 0.54 - a consistent structural relationship.
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Return for Risk
FN vs. AVGX — Risk / Return Rank
FN
AVGX
FN vs. AVGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fabrinet (FN) and Defiance Daily Target 2X Long AVGO ETF (AVGX). 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.
| FN | AVGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.19 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 6.22 | 1.08 | +5.14 |
| Martin ratioReturn relative to average drawdown | 15.46 | 2.35 | +13.11 |
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Drawdowns
FN vs. AVGX - Drawdown Comparison
The maximum FN drawdown since its inception was -70.46%, roughly equal to the maximum AVGX drawdown of -70.97%. Use the drawdown chart below to compare losses from any high point for FN and AVGX.
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Drawdown Indicators
| FN | AVGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.46% | -70.97% | +0.51% |
Max Drawdown (1Y)Largest decline over 1 year | -22.27% | -54.09% | +31.82% |
Max Drawdown (3Y)Largest decline over 3 years | -37.47% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -38.70% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -51.11% | — | — |
Current DrawdownCurrent decline from peak | -18.15% | -39.65% | +21.50% |
Average DrawdownAverage peak-to-trough decline | -22.58% | -23.11% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.95% | 24.90% | -15.95% |
Volatility
FN vs. AVGX - Volatility Comparison
The current volatility for Fabrinet (FN) is 24.63%, while Defiance Daily Target 2X Long AVGO ETF (AVGX) has a volatility of 42.68%. This indicates that FN experiences smaller price fluctuations and is considered to be less risky than AVGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FN | AVGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.63% | 42.68% | -18.05% |
Volatility (6M)Calculated over the trailing 6-month period | 56.18% | 71.57% | -15.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.07% | 91.19% | -24.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.67% | 106.96% | -53.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.29% | 106.96% | -58.67% |
Dividends
FN vs. AVGX - Dividend Comparison
FN has not paid dividends to shareholders, while AVGX's dividend yield for the trailing twelve months is around 1.60%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AVGX Defiance Daily Target 2X Long AVGO ETF | 1.60% | 1.65% | 0.81% |
FN Fabrinet | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FN and AVGX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVGX has higher volatility (42.68%) compared to FN (24.63%). In terms of maximum drawdown, FN dropped -70.46% vs AVGX's -70.97%.
FN currently has the higher Sharpe Ratio (2.07 vs 0.64), 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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