{"url":"https://etfiq.com/compare/leverage/avl-vs-avs","section":"compare","title":"AVL vs AVS: which held to its multiple? | ETFIQ","description":"AVL sets out to return +2 times AVGO each day and AVS -1 times. Over the three months to Sep 30, 2026 they finished \u22125.3 pts and \u22121.9 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, AVL or AVS?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, AVL finished 5.3 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."}},{"@type":"Question","name":"Are AVL and AVS levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Broadcom, AVL at +2 times and AVS at -1 times the daily move."}},{"@type":"Question","name":"Which one decays faster, AVL or AVS?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window AVL\u2019s moved at 39% annualized and AVS\u2019s at 39%, so AVL has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold AVL or AVS 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, AVL or AVS?","acceptedAnswer":{"@type":"Answer","text":"AVL charges 1.00% a year and AVS charges 1.03%, 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":"AVL vs AVS","item":"https://etfiq.com/compare/leverage/avl-vs-avs"}]},{"@type":"WebPage","name":"AVL vs AVS: which held to its multiple?","description":"AVL sets out to return +2 times AVGO each day and AVS -1 times. Over the three months to Sep 30, 2026 they finished \u22125.3 pts and \u22121.9 pts away.","url":"https://etfiq.com/compare/leverage/avl-vs-avs","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, AVL finished 2.2 points short and AVS 1.8 points over.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of AVL and AVS","description":"AVL sets out to return +2 times AVGO each day and AVS -1 times. Over the three months to Sep 30, 2026 they finished \u22125.3 pts and \u22121.9 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/avl-vs-avs","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":6926,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / AVL vs AVS \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n AVL vs AVS: which held to its multiple?\n\n Over three months against its own daily promise, AVL finished 2.2 points short and AVS 1.8 points over.\n Copy this for sharing \n \n Direxion Daily AVGO Bull 2X ETF and Direxion Daily AVGO Bear 1X ETF.\n\n Download as PDF \n\n \u221214.8% AVL returned, 3 months \n +2.9% AVS returned, 3 months \n \u22125.3 pts AVL from its stated multiple \n \u22121.9 pts AVS from its stated multiple \n\n ETFIQ Decay Resistance Score: AVL scores higher\n Did it keep up with i","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/avl-vs-avs","a":{"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"}]},"b":{"ticker":"AVS","name":"Direxion Daily AVGO Bear 1X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: AVS returned +2.9% where its own daily promise gave +1.1%, 1.8 points over.","url":"https://etfiq.com/funds/avs","key_facts":[{"label":"What AVGO did","value":"\u22124.7%","as_of":"2026-09-30","source":null},{"label":"What \u22121 times a day gives","value":"+1.1%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+2.9%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+1.8 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$8m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.03%","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/avl-vs-avs"}