MPWR vs. AVGX
MPWR (Monolithic Power Systems, Inc.) is a stock, while AVGX (Defiance Daily Target 2X Long AVGO ETF) is Leveraged Equities fund actively managed by Defiance. Over the past year, MPWR returned 121.18% vs 58.36% for AVGX. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
MPWR vs. AVGX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MPWR achieves a 74.38% return, which is significantly higher than AVGX's 3.39% return.
MPWR
- 1D
- -0.77%
- 1M
- -4.43%
- YTD
- 74.38%
- 6M
- 67.26%
- 1Y
- 121.18%
- 3Y*
- 44.43%
- 5Y*
- 36.35%
- 10Y*
- 37.94%
AVGX
- 1D
- -1.88%
- 1M
- -20.84%
- YTD
- 3.39%
- 6M
- -5.26%
- 1Y
- 58.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MPWR vs. AVGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MPWR Monolithic Power Systems, Inc. | 74.38% | 54.45% | -37.31% |
AVGX Defiance Daily Target 2X Long AVGO ETF | 3.39% | 46.98% | 54.13% |
Correlation
The correlation between MPWR and AVGX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2024 | 0.54 |
The correlation between MPWR and AVGX has been stable across timeframes, ranging from 0.44 to 0.54 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MPWR vs. AVGX — Risk / Return Rank
MPWR
AVGX
MPWR vs. AVGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Monolithic Power Systems, Inc. (MPWR) 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.
| MPWR | AVGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.19 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 5.43 | 1.08 | +4.34 |
| Martin ratioReturn relative to average drawdown | 14.45 | 2.35 | +12.10 |
Loading charts...
Drawdowns
MPWR vs. AVGX - Drawdown Comparison
The maximum MPWR drawdown since its inception was -72.27%, roughly equal to the maximum AVGX drawdown of -70.97%. Use the drawdown chart below to compare losses from any high point for MPWR and AVGX.
Loading charts...
Drawdown Indicators
| MPWR | AVGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.27% | -70.97% | -1.30% |
Max Drawdown (1Y)Largest decline over 1 year | -22.45% | -54.09% | +31.64% |
Max Drawdown (3Y)Largest decline over 3 years | -51.65% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -51.65% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -51.65% | — | — |
Current DrawdownCurrent decline from peak | -6.66% | -39.65% | +32.99% |
Average DrawdownAverage peak-to-trough decline | -17.71% | -23.11% | +5.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.44% | 24.90% | -16.46% |
Volatility
MPWR vs. AVGX - Volatility Comparison
The current volatility for Monolithic Power Systems, Inc. (MPWR) is 20.33%, while Defiance Daily Target 2X Long AVGO ETF (AVGX) has a volatility of 42.68%. This indicates that MPWR 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.
Loading charts...
Volatility by Period
| MPWR | AVGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.33% | 42.68% | -22.35% |
Volatility (6M)Calculated over the trailing 6-month period | 37.42% | 71.57% | -34.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.53% | 91.19% | -42.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.53% | 106.96% | -53.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.23% | 106.96% | -59.73% |
Dividends
MPWR vs. AVGX - Dividend Comparison
MPWR's dividend yield for the trailing twelve months is around 0.42%, less than AVGX's 1.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVGX Defiance Daily Target 2X Long AVGO ETF | 1.60% | 1.65% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MPWR Monolithic Power Systems, Inc. | 0.42% | 0.69% | 0.85% | 0.63% | 0.85% | 0.49% | 0.55% | 0.90% | 1.03% | 0.71% | 0.98% | 1.26% |
Frequently Asked Questions
MPWR and AVGX have a correlation of 0.44, 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 MPWR (20.33%). In terms of maximum drawdown, MPWR dropped -72.27% vs AVGX's -70.97%.
MPWR currently has the higher Sharpe Ratio (2.51 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.
Find the right allocation for MPWR and AVGX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer