Which came closer to its stated multiple, AVGG or AVL?

Over the window to Sep 30, 2026, AVGG finished 6.2 points from what its multiple implies and AVL finished 5.3 points from its own, so AVL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are AVGG and AVL levered on the same thing?

Yes. Both are levered on Broadcom, AVGG at +2 times and AVL at +2 times the daily move.

Which one decays faster, AVGG or AVL?

Decay follows how much the underlying moves about. Over this window AVGG’s moved at 39% annualized and AVL’s at 39%, so AVGG has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold AVGG 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, AVGG or AVL?

AVGG charges 0.76% a year and AVL charges 1.00%, so AVGG is cheaper. Fees come from each fund's prospectus.

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AVGG vs AVL: which held to its multiple?

Over the days both have traded, AVGG finished 6.2 points from its stated multiple and AVL 5.3. Leverage Shares 2X Long AVGO Daily ETF and Direxion Daily AVGO Bull 2X ETF.

−15.7%

AVGG returned, 3 months

−14.8%

AVL returned, 3 months

−6.2 pts

AVGG from its stated multiple

−5.3 pts

AVL from its stated multiple

AVGG · 3 months to Sep 30, 20266.2 pts short of its stated multiple

AVGG returned −15.7% while 2 times AVGO's move would have been −9.5%

AVL · 3 months to Sep 30, 20265.3 pts short of its stated multiple

AVL returned −14.8% while 2 times AVGO's move would have been −9.5%

ETFIQ Decay Resistance Score · AVL scores higherDid it keep up with its own daily multiple, compounded day by day?

AVGG 39.8

AVL 65

0.1, the lowest in this set99.9, the highest

A percentile among the 470 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

	Total return		Multiple would give		Difference
Window	AVGG	AVL	AVGG	AVL	AVGG	AVL
1 month	−11.8%	−11.5%	−10.0%	−10.0%	−1.8 pts	−1.5 pts
3 months	−15.7%	−14.8%	−9.5%	−9.5%	−6.2 pts	−5.3 pts
6 months	+5.7%	+6.9%	+24.8%	+24.8%	−19.1 pts	−17.9 pts
1 year	−18.5%	−17.2%	+14.5%	+14.5%	−32.9 pts	−31.7 pts
Since launch AVGG May 2025 · AVL Oct 2024	+55.4%	+76.9%	+110.8%	+184.8%	−55.4 pts	−107.9 pts

AVGG and AVL over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

AVGG

Leverage Shares 2X Long AVGO 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)

Issuer Leverage Shares Direxion

Sets out to return +2x +2x

Underlying asset AVGO AVGO

Segment company company

Fund returned, 3 months or since launch −15.7% −14.8%

Underlying returned, over that window −4.7% −4.7%

What the stated multiple implies, over that window −9.5% −9.5%

Difference from stated, over that window −6.2 pts −5.3 pts

Fund returned, 1 year or since launch −18.5% −17.2%

Difference from stated, over that window −32.9 pts −31.7 pts

Underlying volatility 39% 39%

Difference over the days both have traded −6.2 pts −5.3 pts

Expense ratio 0.76% 1.00%

Launched May 16, 2025 Oct 10, 2024

Net assets $53m $290m

AVGG and AVL on the same fields, as of Sep 30, 2026. Source: ETFIQ.

AVGG in plain words

Three months to Sep 30, 2026: AVGG returned −15.7% where its own daily promise gave −12.6%, 3.0 points short. Read the multiple against the whole window instead and 2 times AVGO's −4.7% implies −9.5%, which makes AVGG look 6.2 points short. 3.2 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. AVGG 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 39% 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 30, 2026: AVL returned −14.8% where its own daily promise gave −12.6%, 2.2 points short. Read the multiple against the whole window instead and 2 times AVGO's −4.7% implies −9.5%, which makes AVL look 5.3 points short. AVL aims to return +2 times AVGO's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, AVGG or AVL?: Over the window to Sep 30, 2026, AVGG finished 6.2 points from what its multiple implies and AVL finished 5.3 points from its own, so AVL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are AVGG and AVL levered on the same thing?: Yes. Both are levered on Broadcom, AVGG at +2 times and AVL at +2 times the daily move.
Which one decays faster, AVGG or AVL?: Decay follows how much the underlying moves about. Over this window AVGG’s moved at 39% annualized and AVL’s at 39%, so AVGG has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold AVGG 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, AVGG or AVL?: AVGG charges 0.76% a year and AVL charges 1.00%, so AVGG is cheaper. Fees come from each fund's prospectus.

Other comparisons

AVGG vs AVGU AVGG vs AVGX AVGG vs AVS AVGG vs AVGC AVL vs AVS AVL vs AVGU AVL vs AVGX AVL vs AVGC

AVGG on its own →AVL on its own →How every figure is computed →Standards and sources →

Where these figures came from

AVGG filings on SEC EDGAR ↗AVGG prospectus with the expense ratio (SEC) ↗Leverage Shares website ↗AVL filings on SEC EDGAR ↗AVL prospectus with the expense ratio (SEC) ↗Direxion website ↗

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

Cite this page

ETFIQ, AVGG against AVL, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/avgg-vs-avl

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.