Data as of Oct 28, 2026.
AVS vs VGK: Differences, Returns & Fees
Over the year to Oct 28, 2026, AVS returned −8.9% to VGK's +10.4%, and VGK charges 0.06% to AVS's 1.03%.
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Net assets: $20m on Oct 27, 2026 for Direxion Daily AVGO Bear 1X ETF, and $29.6bn on Sep 30, 2026 for Vanguard FTSE Europe ETF.
Pair scorecard
VGK costs 0.97 points a year less; their one-year returns differ by 19.3 points.
| Measure | AVS | VGK |
|---|---|---|
| Return | ||
| Total return, 1 year | −8.9% | +10.4% |
| What its daily multiple gave, 3 months | 1.1% | |
| What the underlying did, 3 months | AVGO −4.8% | |
| What the underlying did, 3 months | AVGO −4.8% | |
| The multiple over the whole window | −1 times gives +4.8% | |
| Drawdown | ||
| Below its high | 6.1%, high on Aug 25, 2026 | |
| Against its benchmark | ||
| What it tracks | AVGO | FTSE Developed Europe All Cap Index |
| Against its daily multiple, 3 months | 1.7 points over | |
| Against the whole-window multiple | 2.0 points short | |
| Cost and size | ||
| Expense ratio | 1.03% | 0.06% |
| Net assets, AVS as of Oct 27, 2026 and VGK as of Sep 30, 2026 | $20m | $29.6bn |
| Holdings | ||
| Holdings in common | not published | |
| In the S&P 500, by weight | 0% | |
| Top ten holdings, share of the fund | 19.0% | |
Risk and return
Oct 18, 2024 to Oct 23, 2026 · 105 weekly returnsVGK returned more: +32.0% to −63.3%. VGK swung less: 15.9% to 49.2%. VGK fell less at its worst: −11.8% to −74.7%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | AVS | VGK | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | −63.3% | +32.0% | VGK | Price change plus distributions, reinvested. |
| Annualized | −39.2% | +14.8% | VGK | Total return as a yearly rate. |
| Price return | −65.4% | +24.0% | VGK | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 49.2% | 15.9% | VGK | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 40.2% | 11.2% | VGK | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −74.7% | −11.8% | VGK | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | −0.83 | 0.69 | VGK | Return above Treasury bills per unit of volatility. |
| Sortino | −1.02 | 0.99 | VGK | Return above Treasury bills per unit of downside deviation. |
| Calmar | −0.52 | 1.25 | VGK | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 105 weekly returns. Cash rate: the 13-week Treasury bill.
Side by side
AVS and VGK on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
AVS and VGK do different jobs. What does each one do in a portfolio?
- What each follows. AVS follows AVGO and VGK follows FTSE Developed Europe All Cap Index.
- One-year total return. Over 1 year to Oct 28, 2026 AVS returned −8.9% and VGK +10.4% with distributions reinvested, a gap of 19.3 points.
- Cost. AVS charges 1.03% of assets a year and VGK 0.06%, a gap of 0.97 points.
Data as of Oct 28, 2026.
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Over the three months to Oct 28, 2026, AVS returned 2.8%, against 1.1% for the inverse of AVGO's daily moves. Of that 2.0, daily compounding is −3.7 points, which any −1 times fund would show over the same path, and the fund itself is +1.7 points against −1 times each day's move, compounded. AVGO moved at 39% annualized over that window.
Read the multiple against the whole window instead and −1 times AVGO's −4.8% implies +4.8%, which makes AVS look 2.0 points short. That is not the fund's objective, which is daily. AVS aims to return -1 times AVGO's move each day, then resets. Over one day it does that. Over longer periods the daily results compound, so the total is not -1 times the period's move: it is lower after a fall and recovery, and can be higher in a steady run. The more it moves, the further the two numbers separate.
VGK
VGK tracks an index of European Stock. Over the year to Oct 28, 2026 it returned +10.4% with distributions reinvested. The prospectus expense ratio is 0.06% a year. By its holdings published by its issuer as of Sep 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,245 positions, with the top ten at 19.0%. It sat 6.1% below its high of Aug 25, 2026 on Oct 28, 2026.
Questions people ask
- Are AVS and VGK in the same category?
- AVS is a leveraged ETF and VGK is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, AVS or VGK?
- In the year to Oct 28, 2026, with distributions reinvested, AVS returned −8.9% and VGK +10.4%.
- Which is cheaper, AVS or VGK?
- VGK is cheaper, by 0.97 percentage points a year. That is about $97 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, AVS against VGK, data as of Oct 28, 2026. https://etfiq.com/compare/any/avs-vs-vgk
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