TLDR vs. AVL

Last updated Jun 4, 2026

TLDR (The Laddered T-Bill ETF) and AVL (Direxion Daily AVGO Bull 2X Shares) are both exchange-traded funds - TLDR is a Ultrashort Bond fund actively managed by REX Shares, while AVL is a Leveraged Equities fund actively managed by Direxion. Both are actively managed. At a correlation of -0.22, they often move in opposite directions. TLDR charges 0.20%/yr vs 1.04%/yr for AVL.

Performance

TLDR vs. AVL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Laddered T-Bill ETF (TLDR) and Direxion Daily AVGO Bull 2X Shares (AVL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TLDR

• 1D: 0.02%
• 1M: 0.32%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVL

• 1D: -0.97%
• 1M: 29.70%
• YTD: 72.10%
• 6M: 38.64%
• 1Y: 167.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TLDR vs. AVL - Yearly Performance Comparison

	2026 (YTD)
TLDR The Laddered T-Bill ETF	1.25%
AVL Direxion Daily AVGO Bull 2X Shares	93.37%

Correlation

The correlation between TLDR and AVL is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 22, 2026	-0.22

Return for Risk

TLDR vs. AVL — Risk / Return Rank

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

AVL

AVL Risk / Return Rank: 53
AVL Sharpe Ratio Rank: 58
AVL Sortino Ratio Rank: 52
AVL Omega Ratio Rank: 50
AVL Calmar Ratio Rank: 63
AVL Martin Ratio Rank: 43

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.

TLDR vs. AVL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Laddered T-Bill ETF (TLDR) and Direxion Daily AVGO Bull 2X Shares (AVL). 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

	TLDR	AVL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	8.82	1.18	+7.64

Drawdowns

TLDR vs. AVL - Drawdown Comparison

The maximum TLDR drawdown since its inception was -0.05%, smaller than the maximum AVL drawdown of -70.63%. Use the drawdown chart below to compare losses from any high point for TLDR and AVL.

Drawdown Indicators

	TLDR	AVL	Difference
Max Drawdown Largest peak-to-trough decline	-0.05%	-70.63%	+70.58%
Max Drawdown (1Y) Largest decline over 1 year	—	-53.69%	—
Current Drawdown Current decline from peak	0.00%	-0.97%	+0.97%
Average Drawdown Average peak-to-trough decline	-0.01%	-23.38%	+23.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	24.00%	—

Volatility

Volatility by Period

	TLDR	AVL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	23.46%	—
Volatility (6M) Calculated over the trailing 6-month period	—	61.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.39%	85.76%	-85.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.39%	105.25%	-104.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.39%	105.25%	-104.86%

TLDR vs. AVL - Expense Ratio Comparison

TLDR has a 0.20% expense ratio, which is lower than AVL's 1.04% expense ratio.

Dividends

TLDR vs. AVL - Dividend Comparison

TLDR's dividend yield for the trailing twelve months is around 1.22%, less than AVL's 17.16% yield.

Position	TTM	2025	2024
AVL Direxion Daily AVGO Bull 2X Shares	17.16%	29.04%	0.22%
TLDR The Laddered T-Bill ETF	1.22%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TLDR and AVL in my portfolio?

TLDR and AVL have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TLDR or AVL?

On fees, TLDR is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TLDR or AVL?

TLDR is cheaper with a 0.20% expense ratio, compared with 1.04% for AVL.

Which ETF pays a higher dividend yield, TLDR or AVL?

AVL has the higher dividend yield at 17.16%, compared with 1.22% for TLDR.

What is the main difference between TLDR and AVL?

TLDR is categorized as Ultrashort Bond, while AVL is Leveraged Equities. They also come from different issuers: REX Shares and Direxion. Their fees differ too: 0.20% for TLDR and 1.04% for AVL.