INTW vs. AVGX

Last updated Jun 23, 2026

INTW (GraniteShares 2x Long INTC Daily ETF) and AVGX (Defiance Daily Target 2X Long AVGO ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, INTW returned 2279.34% vs 74.37% for AVGX. At a 0.32 correlation, their price movements are largely independent. INTW charges 1.50%/yr vs 1.29%/yr for AVGX.

Performance

INTW vs. AVGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long INTC Daily ETF (INTW) and Defiance Daily Target 2X Long AVGO ETF (AVGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, INTW achieves a 871.59% return, which is significantly higher than AVGX's 8.32% return.

INTW

• 1D: 10.59%
• 1M: 28.23%
• YTD: 871.59%
• 6M: 897.00%
• 1Y: 2,279.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVGX

• 1D: -8.68%
• 1M: -15.24%
• YTD: 8.32%
• 6M: 10.93%
• 1Y: 74.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

INTW vs. AVGX - Yearly Performance Comparison

	2026 (YTD)	2025
INTW GraniteShares 2x Long INTC Daily ETF	871.59%	60.89%
AVGX Defiance Daily Target 2X Long AVGO ETF	8.32%	52.83%

Correlation

The correlation between INTW and AVGX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	0.32

Return for Risk

INTW vs. AVGX — Risk / Return Rank

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

INTW

INTW Risk / Return Rank: 98
INTW Sharpe Ratio Rank: 100
INTW Sortino Ratio Rank: 96
INTW Omega Ratio Rank: 95
INTW Calmar Ratio Rank: 99
INTW Martin Ratio Rank: 99

AVGX

AVGX Risk / Return Rank: 27
AVGX Sharpe Ratio Rank: 23
AVGX Sortino Ratio Rank: 30
AVGX Omega Ratio Rank: 31
AVGX Calmar Ratio Rank: 29
AVGX Martin Ratio Rank: 24

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.

INTW vs. AVGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long INTC Daily ETF (INTW) 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.

	INTW	AVGX	Difference
Sharpe ratio: Return per unit of total volatility	15.45	0.81	+14.65
Sortino ratio: Return per unit of downside risk	5.37	1.59	+3.77
Omega ratio: Gain probability vs. loss probability	1.68	1.21	+0.48
Calmar ratio: Return relative to maximum drawdown	46.81	1.38	+45.43
Martin ratio: Return relative to average drawdown	106.28	2.94	+103.34

INTW vs. AVGX - Sharpe Ratio Comparison

The current INTW Sharpe Ratio is 15.45, which is higher than the AVGX Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of INTW and AVGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

INTW vs. AVGX - Drawdown Comparison

The maximum INTW drawdown since its inception was -60.58%, smaller than the maximum AVGX drawdown of -70.97%. Use the drawdown chart below to compare losses from any high point for INTW and AVGX.

Drawdown Indicators

	INTW	AVGX	Difference
Max Drawdown Largest peak-to-trough decline	-60.58%	-70.97%	+10.39%
Max Drawdown (1Y) Largest decline over 1 year	-49.34%	-54.09%	+4.75%
Current Drawdown Current decline from peak	0.00%	-36.77%	+36.77%
Average Drawdown Average peak-to-trough decline	-29.71%	-23.25%	-6.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.69%	25.41%	-3.72%

Volatility

INTW vs. AVGX - Volatility Comparison

GraniteShares 2x Long INTC Daily ETF (INTW) has a higher volatility of 53.88% compared to Defiance Daily Target 2X Long AVGO ETF (AVGX) at 44.69%. This indicates that INTW's price experiences larger fluctuations and is considered to be riskier than AVGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INTW	AVGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	53.88%	44.69%	+9.19%
Volatility (6M) Calculated over the trailing 6-month period	118.13%	67.30%	+50.83%
Volatility (1Y) Calculated over the trailing 1-year period	149.77%	92.93%	+56.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	148.63%	107.26%	+41.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	148.63%	107.26%	+41.37%

INTW vs. AVGX - Expense Ratio Comparison

INTW has a 1.50% expense ratio, which is higher than AVGX's 1.29% expense ratio.

Dividends

INTW vs. AVGX - Dividend Comparison

INTW has not paid dividends to shareholders, while AVGX's dividend yield for the trailing twelve months is around 1.53%.

Position	TTM	2025	2024
AVGX Defiance Daily Target 2X Long AVGO ETF	1.53%	1.65%	0.81%
INTW GraniteShares 2x Long INTC Daily ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both INTW and AVGX in my portfolio?

INTW and AVGX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INTW or AVGX?

INTW has higher volatility (53.88%) compared to AVGX (44.69%). In terms of maximum drawdown, INTW dropped -60.58% vs AVGX's -70.97%.

Which ETF is better, INTW or AVGX?

On 1-year performance, INTW leads with 2279.34% vs 74.37% for AVGX. On fees, AVGX is cheaper at 1.29% per year. On volatility, AVGX has been the lower-risk option at 44.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, INTW or AVGX?

Over the 1-year period, INTW has performed better with a 2279.34% return vs 74.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, INTW or AVGX?

AVGX is cheaper with a 1.29% expense ratio, compared with 1.50% for INTW.

Which ETF pays a higher dividend yield, INTW or AVGX?

AVGX has the higher dividend yield at 1.53%, compared with 0.00% for INTW.

What is the main difference between INTW and AVGX?

They also come from different issuers: GraniteShares and Defiance. Their fees differ too: 1.50% for INTW and 1.29% for AVGX.

Which has better risk-adjusted returns?

INTW currently has the higher Sharpe Ratio (15.45 vs 0.81), 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.