Data as of .
AVL vs AVS: which held to its multiple?
Over three months against its own daily promise, AVL finished 2.2 points short and AVS 1.7 points over.
ETFIQ Decay Resistance Score: AVL 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 | |||
|---|---|---|---|---|---|---|
| AVL | AVS | AVL | AVS | AVL | AVS | |
| 1 month | −25.9% | +14.2% | −26.0% | +13.0% | +0.1 pts | +1.3 pts |
| 3 months | −16.1% | +2.5% | −10.2% | +5.1% | −5.9 pts | −2.6 pts |
| 6 months | +7.2% | −18.2% | +25.6% | −12.8% | −18.4 pts | −5.5 pts |
| 1 year | −25.9% | −14.9% | +2.8% | −1.4% | −28.7 pts | −13.5 pts |
| Since launch | +89.1% | −66.0% | +195.9% | −98.0% | −106.8 pts | +31.9 pts |
| AVL Direxion Daily AVGO Bull 2X ETF Aims to return twice the daily move of Broadcom (AVGO) | AVS Direxion Daily AVGO Bear 1X ETF Aims to return 1 times the opposite of the daily move of Broadcom (AVGO) | |
|---|---|---|
| Issuer | Direxion | Direxion |
| Sets out to return | +2x | -1x |
| On | AVGO | AVGO |
| Segment | company | company |
| Fund returned, 3 months | −16.1% | +2.5% |
| Underlying returned, 3 months | −5.1% | −5.1% |
| What the stated multiple implies, 3 months | −10.2% | +5.1% |
| Difference from stated, 3 months | −5.9 pts | −2.6 pts |
| Fund returned, 1 year or since launch | −25.9% | −14.9% |
| Difference from stated, over that window | −28.7 pts | −13.5 pts |
| Underlying volatility | 43% | 43% |
| Difference over the days both have traded | +0.1 pts | no shared window |
| Expense ratio | 1.00% | not published |
| Launched | Oct 10, 2024 | Oct 10, 2024 |
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. 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.
AVS in plain words
Three months to Sep 11, 2026: AVS returned +2.5% where its own daily promise gave +0.8%, 1.7 points over. Read the multiple against the whole window instead and −1 times AVGO's −5.1% implies +5.1%, which makes AVS look 2.6 points short. 4.3 of that is daily compounding, which happens to any −1 times fund over the same path, and the rest is the fund. AVS aims to return -1 times AVGO's move each day, then resets. Over longer, the daily results compound, so the total is not -1 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.
Questions people ask
- Which came closer to its stated multiple, AVL or AVS?
- Over the window to Sep 11, 2026, AVL finished 5.9 points from what its multiple implies and AVS finished 2.6 points from its own, so AVS came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are AVL and AVS levered on the same thing?
- Yes. Both are levered on Broadcom, AVL at +2 times and AVS at -1 times the daily move.
- Which one decays faster, AVL or AVS?
- Decay follows how much the underlying moves about. Over this window AVL’s moved at 43% annualized and AVS’s at 43%, so AVL has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold AVL or AVS 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.
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, AVL against AVS, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/AVL-AVS Free to use with attribution; the underlying files are at Open data.