Data as of .
AVGU vs AVGX: which held to its multiple?
Over the days both have traded, AVGU finished 0.2 points from its stated multiple and AVGX 0.1.
ETFIQ Decay Resistance Score: AVGX scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 391 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| AVGU | AVGX | AVGU | AVGX | AVGU | AVGX | |
| 1 month | −26.2% | −26.1% | −26.0% | −26.0% | −0.2 pts | −0.1 pts |
| 3 months | −17.3% | −16.7% | −10.2% | −10.2% | −7.1 pts | −6.5 pts |
| 6 months | +5.4% | +5.4% | +25.6% | +25.6% | −20.2 pts | −20.2 pts |
| 1 year | −26.2% | −28.4% | +2.8% | +2.8% | −28.9 pts | −31.2 pts |
| Since launch | +15.5% | +115.1% | +59.6% | not meaningful | −44.1 pts | not meaningful |
| AVGU GraniteShares 2x Long AVGO Daily ETF Aims to return twice the daily move of Broadcom (AVGO) | AVGX Defiance Daily Target 2X Long AVGO ETF Aims to return twice the daily move of Broadcom (AVGO) | |
|---|---|---|
| Issuer | GraniteShares | Defiance |
| Sets out to return | +2x | +2x |
| On | AVGO | AVGO |
| Segment | company | company |
| Fund returned, 3 months | −17.3% | −16.7% |
| Underlying returned, 3 months | −5.1% | −5.1% |
| What the stated multiple implies, 3 months | −10.2% | −10.2% |
| Difference from stated, 3 months | −7.1 pts | −6.5 pts |
| Fund returned, 1 year or since launch | −26.2% | −28.4% |
| Difference from stated, over that window | −28.9 pts | −31.2 pts |
| Underlying volatility | 43% | 43% |
| Difference over the days both have traded | −0.2 pts | −0.1 pts |
| Expense ratio | 1.50% | 1.31% |
| Launched | Jul 15, 2025 | Aug 22, 2024 |
AVGU in plain words
Three months to Sep 11, 2026: AVGU returned −17.3% where its own daily promise gave −13.9%, 3.4 points short. Read the multiple against the whole window instead and +2 times AVGO's −5.1% implies −10.2%, which makes AVGU look 7.1 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. AVGU 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 43% 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.
AVGX in plain words
Three months to Sep 11, 2026: AVGX returned −16.7% where its own daily promise gave −13.9%, 2.8 points short. Read the multiple against the whole window instead and +2 times AVGO's −5.1% implies −10.2%, which makes AVGX look 6.5 points short. AVGX aims to return +2 times AVGO's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, AVGU or AVGX?
- Over the window to Sep 11, 2026, AVGU finished 7.1 points from what its multiple implies and AVGX finished 6.5 points from its own, so AVGX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are AVGU and AVGX levered on the same thing?
- Yes. Both are levered on Broadcom, AVGU at +2 times and AVGX at +2 times the daily move.
- Which one decays faster, AVGU or AVGX?
- Decay follows how much the underlying moves about. Over this window AVGU’s moved at 43% annualized and AVGX’s at 43%, so AVGU has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold AVGU or AVGX 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, AVGU or AVGX?
- AVGU charges 1.50% a year and AVGX charges 1.31%, so AVGX 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.
Cite this page. ETFIQ, AVGU against AVGX, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/AVGU-AVGX Free to use with attribution; the underlying files are at Open data.