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

Over the window to Sep 30, 2026, AVGG finished 6.2 points from what its multiple implies and AVS finished 1.9 points from its own, so AVS came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are AVGG and AVS levered on the same thing?

Yes. Both are levered on Broadcom, AVGG at +2 times and AVS at -1 times the daily move.

Which one decays faster, AVGG or AVS?

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

Can I hold AVGG 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.

Which is cheaper, AVGG or AVS?

AVGG charges 0.76% a year and AVS charges 1.03%, so AVGG is cheaper. Fees come from each fund's prospectus.

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AVGG vs AVS: which held to its multiple?

Over three months against its own daily promise, AVGG finished 3.0 points short and AVS 1.8 points over. Leverage Shares 2X Long AVGO Daily ETF and Direxion Daily AVGO Bear 1X ETF.

−15.7%

AVGG returned, 3 months

+2.9%

AVS returned, 3 months

−6.2 pts

AVGG from its stated multiple

−1.9 pts

AVS 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%

AVS · 3 months to Sep 30, 20261.9 pts short of its stated multiple

AVS returned +2.9% while −1 times AVGO's move would have been +4.7%

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

AVGG among the 470 leveraged ETFs, long, over three months

AVGG 39.8

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

AVS among the 125 inverse ETFs over three months

AVS 62

0.4, the lowest in this set99.6, the highest

A percentile among the 470 leveraged ETFs, long, over three months. AVS is a percentile among the 125 inverse ETFs over three months, a different set, so the two marks are not on one scale. 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	AVS	AVGG	AVS	AVGG	AVS
1 month	−11.8%	+5.0%	−10.0%	+5.0%	−1.8 pts	0.0 pts
3 months	−15.7%	+2.9%	−9.5%	+4.7%	−6.2 pts	−1.9 pts
6 months	+5.7%	−17.7%	+24.8%	−12.4%	−19.1 pts	−5.3 pts
1 year	−18.5%	−19.9%	+14.5%	−7.2%	−32.9 pts	−12.6 pts
Since launch AVGG May 2025 · AVS Oct 2024	+55.4%	−65.1%	+110.8%	−92.4%	−55.4 pts	+27.3 pts

AVGG and AVS 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)

AVS

Direxion Daily AVGO Bear 1X ETF · Aims to return 1 times the opposite of the daily move of Broadcom (AVGO)

Issuer Leverage Shares Direxion

Sets out to return +2x -1x

Underlying asset AVGO AVGO

Segment company company

Fund returned, 3 months or since launch −15.7% +2.9%

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

What the stated multiple implies, over that window −9.5% +4.7%

Difference from stated, over that window −6.2 pts −1.9 pts

Fund returned, 1 year or since launch −18.5% −19.9%

Difference from stated, over that window −32.9 pts −12.6 pts

Underlying volatility 39% 39%

Difference over the days both have traded −6.2 pts no shared window

Expense ratio 0.76% 1.03%

Launched May 16, 2025 Oct 10, 2024

Net assets $53m $8m

AVGG and AVS 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.

AVS in plain words

Three months to Sep 30, 2026: AVS returned +2.9% where its own daily promise gave +1.1%, 1.8 points over. Read the multiple against the whole window instead and −1 times AVGO's −4.7% implies +4.7%, which makes AVS look 1.9 points short. 3.7 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, AVGG or AVS?: Over the window to Sep 30, 2026, AVGG finished 6.2 points from what its multiple implies and AVS finished 1.9 points from its own, so AVS came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are AVGG and AVS levered on the same thing?: Yes. Both are levered on Broadcom, AVGG at +2 times and AVS at -1 times the daily move.
Which one decays faster, AVGG or AVS?: Decay follows how much the underlying moves about. Over this window AVGG’s moved at 39% annualized and AVS’s at 39%, so AVGG has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold AVGG 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.
Which is cheaper, AVGG or AVS?: AVGG charges 0.76% a year and AVS charges 1.03%, so AVGG is cheaper. Fees come from each fund's prospectus.

Other comparisons

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

AVGG on its own →AVS 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 ↗AVS filings on SEC EDGAR ↗AVS 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 AVS, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/avgg-vs-avs

Open data

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