Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

AVGC vs AVL: which held to its multiple?

Over the days both have traded, AVGC finished 0.2 points from its stated multiple and AVL 0.1.

Corgi AVGO 2x Daily ETF and Direxion Daily AVGO Bull 2X ETF, side by side, leveraged ETFs on ETFIQ.

−13.8%AVGC returned, 3 months
−16.1%AVL returned, 3 months
−5.4 ptsAVGC from its stated multiple
−5.9 ptsAVL from its stated multiple
AVGCOn its stated multiple · 1 month to Sep 11, 2026
AVGO −13.0% ×2 implies−26.0%AVGC returned−25.8%AVGO −13.0% ×2 implies−26.0%AVGC returned−25.8%
AVL5.9 pts short of its label · 3 months to Sep 11, 2026
AVGO −5.1% ×2 implies−10.2%AVL returned−16.1%AVGO −5.1% ×2 implies−10.2%AVL returned−16.1%

Performance, window by window

AVGC and AVL over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnMultiple would giveDifference
AVGCAVLAVGCAVLAVGCAVL
1 month−25.8%−25.9%−26.0%−26.0%+0.2 pts+0.1 pts
3 monthsnot published−16.1%not published−10.2%not published−5.9 pts
6 monthsnot published+7.2%not published+25.6%not published−18.4 pts
1 yearnot published−25.9%not published+2.8%not published−28.7 pts
Since launch−13.8%+89.1%−8.3%+195.9%−5.4 pts−106.8 pts
Open the live comparison on ETFIQ
AVGC and AVL on the same fields, as of Sep 11, 2026. Source: ETFIQ.
AVGC
Corgi AVGO 2x Daily ETF
Aims to return twice the daily move of Broadcom (AVGO)
AVL
Direxion Daily AVGO Bull 2X ETF
Aims to return twice the daily move of Broadcom (AVGO)
IssuerCorgiDirexion
Sets out to return+2x+2x
OnAVGOAVGO
Segmentcompanycompany
Fund returned, 3 months−25.8%−16.1%
Underlying returned, 3 months−13.0%−5.1%
What the stated multiple implies, 3 months−26.0%−10.2%
Difference from stated, 3 months+0.2 pts−5.9 pts
Fund returned, 1 year or since launch−13.8%−25.9%
Difference from stated, over that window−5.4 pts−28.7 pts
Underlying volatility36%43%
Difference over the days both have traded+0.2 pts+0.1 pts
Expense ratio0.45%1.00%
LaunchedJun 30, 2026Oct 10, 2024

AVGC in plain words

One month to Sep 11, 2026: AVGC returned −25.8% where its own daily promise gave −25.2%, 0.6 points short. Read the multiple against the whole window instead and +2 times AVGO's −13.0% implies −26.0%, which makes AVGC look 0.2 points over. 0.8 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. AVGC aims to return +2 times AVGO's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. AVGO moved at 36% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.

AVL in plain words

Three months to Sep 11, 2026: AVL returned −16.1% where its own daily promise gave −13.9%, 2.2 points short. Read the multiple against the whole window instead and +2 times AVGO's −5.1% implies −10.2%, which makes AVL look 5.9 points short. 3.7 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. AVL aims to return +2 times AVGO's move each day, then resets. AVGO moved at 43% annualized over that window.

Questions people ask

Which came closer to its stated multiple, AVGC or AVL?
Over the window to Sep 11, 2026, AVGC finished 0.2 points from what its multiple implies and AVL finished 5.9 points from its own, so AVGC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are AVGC and AVL levered on the same thing?
Yes. Both are levered on Broadcom, AVGC at +2 times and AVL at +2 times the daily move.
Which one decays faster, AVGC or AVL?
Decay follows how much the underlying moves about. Over this window AVGC’s moved at 36% annualized and AVL’s at 43%, so AVL has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold AVGC or AVL for a year?
Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
Which is cheaper, AVGC or AVL?
AVGC charges 0.45% a year and AVL charges 1.00%, so AVGC is cheaper. Fees come from each fund's prospectus.

Other comparisons

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

AVGC against AVL, ETFIQ, data as of Sep 11, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, AVGC against AVL, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/AVGC-AVL Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources