WDH vs. AVGX
WDH (Waterdrop 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, WDH returned -0.68% vs 84.80% for AVGX. At a 0.13 correlation, their price movements are largely independent.
Performance
WDH vs. AVGX - Performance Comparison
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Returns By Period
In the year-to-date period, WDH achieves a -22.84% return, which is significantly lower than AVGX's 26.51% return.
WDH
- 1D
- -1.37%
- 1M
- -9.43%
- YTD
- -22.84%
- 6M
- -19.45%
- 1Y
- -0.68%
- 3Y*
- -12.34%
- 5Y*
- -28.44%
- 10Y*
- —
AVGX
- 1D
- -25.53%
- 1M
- -8.40%
- YTD
- 26.51%
- 6M
- 0.84%
- 1Y
- 84.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WDH vs. AVGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WDH Waterdrop Inc. | -22.84% | 66.25% | 14.19% |
AVGX Defiance Daily Target 2X Long AVGO ETF | 26.51% | 46.98% | 69.92% |
Correlation
The correlation between WDH and AVGX is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2024 | 0.13 |
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Return for Risk
WDH vs. AVGX — Risk / Return Rank
WDH
AVGX
WDH vs. AVGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Waterdrop Inc. (WDH) 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.
| WDH | AVGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.23 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 1.58 | -1.60 |
| Martin ratioReturn relative to average drawdown | -0.05 | 3.51 | -3.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WDH | AVGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 0.95 | -0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.46 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.48 | 0.86 | -1.34 |
Drawdowns
WDH vs. AVGX - Drawdown Comparison
The maximum WDH drawdown since its inception was -90.62%, which is greater than AVGX's maximum drawdown of -70.97%. Use the drawdown chart below to compare losses from any high point for WDH and AVGX.
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Drawdown Indicators
| WDH | AVGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.62% | -70.97% | -19.65% |
Max Drawdown (1Y)Largest decline over 1 year | -26.97% | -54.09% | +27.12% |
Max Drawdown (3Y)Largest decline over 3 years | -62.60% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -89.26% | — | — |
Current DrawdownCurrent decline from peak | -83.61% | -26.15% | -57.46% |
Average DrawdownAverage peak-to-trough decline | -80.12% | -22.72% | -57.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.26% | 24.26% | -11.00% |
Volatility
WDH vs. AVGX - Volatility Comparison
The current volatility for Waterdrop Inc. (WDH) is 13.75%, while Defiance Daily Target 2X Long AVGO ETF (AVGX) has a volatility of 38.30%. This indicates that WDH 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
| WDH | AVGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.75% | 38.30% | -24.55% |
Volatility (6M)Calculated over the trailing 6-month period | 25.24% | 68.61% | -43.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.79% | 89.63% | -44.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.93% | 106.35% | -44.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.85% | 106.35% | -43.50% |
Dividends
WDH vs. AVGX - Dividend Comparison
WDH's dividend yield for the trailing twelve months is around 4.17%, more than AVGX's 1.31% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AVGX Defiance Daily Target 2X Long AVGO ETF | 1.31% | 1.65% | 0.81% |
WDH Waterdrop Inc. | 4.17% | 2.63% | 5.08% |
Frequently Asked Questions
WDH and AVGX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVGX has higher volatility (38.30%) compared to WDH (13.75%). In terms of maximum drawdown, WDH dropped -90.62% vs AVGX's -70.97%.
AVGX currently has the higher Sharpe Ratio (0.95 vs -0.02), 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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