{"url":"https://etfiq.com/compare/leverage/avgx-vs-avl","section":"compare","title":"AVGX vs AVL: which held to its multiple? | ETFIQ","description":"AVGX sets out to return +2 times AVGO each day and AVL +2 times. Over the three months to Sep 30, 2026 they finished \u22125.8 pts and \u22125.3 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, AVGX or AVL?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, AVGX finished 5.8 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."}},{"@type":"Question","name":"Are AVGX and AVL levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Broadcom, AVGX at +2 times and AVL at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, AVGX or AVL?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window AVGX\u2019s moved at 39% annualized and AVL\u2019s at 39%, so AVGX has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold AVGX or AVL for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, AVGX or AVL?","acceptedAnswer":{"@type":"Answer","text":"AVGX charges 1.31% a year and AVL charges 1.00%, so AVL is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"AVGX vs AVL","item":"https://etfiq.com/compare/leverage/avgx-vs-avl"}]},{"@type":"WebPage","name":"AVGX vs AVL: which held to its multiple?","description":"AVGX sets out to return +2 times AVGO each day and AVL +2 times. Over the three months to Sep 30, 2026 they finished \u22125.8 pts and \u22125.3 pts away.","url":"https://etfiq.com/compare/leverage/avgx-vs-avl","dateModified":"2026-09-30","abstract":"Over the days both have traded, AVGX finished 5.8 points from its stated multiple and AVL 5.3.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of AVGX and AVL","description":"AVGX sets out to return +2 times AVGO each day and AVL +2 times. Over the three months to Sep 30, 2026 they finished \u22125.8 pts and \u22125.3 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/avgx-vs-avl","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6496,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / AVGX vs AVL \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n AVGX vs AVL: which held to its multiple?\n\n Over the days both have traded, AVGX finished 5.8 points from its stated multiple and AVL 5.3.\n Copy this for sharing \n \n Defiance Daily Target 2X Long AVGO ETF and Direxion Daily AVGO Bull 2X ETF.\n\n Download as PDF \n\n \u221215.3% AVGX returned, 3 months \n \u221214.8% AVL returned, 3 months \n \u22125.8 pts AVGX from its stated multiple \n \u22125.3 pts AVL from its stated multiple \n\n ETFIQ Decay Resistance Score: AVL scores higher\n Did it keep up wit","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/avgx-vs-avl","a":{"ticker":"AVGX","name":"Defiance Daily Target 2X Long AVGO ETF","issuer":"Defiance","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: AVGX returned \u221215.3% where its own daily promise gave \u221212.6%, 2.6 points short.","url":"https://etfiq.com/funds/avgx","key_facts":[{"label":"What AVGO did","value":"\u22124.7%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221212.6%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221215.3%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22122.6 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$230m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.31%","as_of":"2026-09-30","source":"485BPOS XBRL, Aug 24, 2026"}]},"b":{"ticker":"AVL","name":"Direxion Daily AVGO Bull 2X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: AVL returned \u221214.8% where its own daily promise gave \u221212.6%, 2.2 points short.","url":"https://etfiq.com/funds/avl","key_facts":[{"label":"What AVGO did","value":"\u22124.7%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221212.6%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221214.8%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22122.2 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$290m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.00%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/avgx-vs-avl"}