# AVL (Direxion Daily AVGO Bull 2X ETF)

Direxion · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: AVL returned −16.1% where its own daily promise gave −13.9%, 2.2 points short.

## Key facts

- AVL, what AVGO did: −5.1%, as of Sep 11, 2026.
- AVL, what +2 times a day gives: −13.9%, as of Sep 11, 2026.
- AVL, what the fund returned: −16.1%, as of Sep 11, 2026.
- AVL, the fund itself cost: −2.2 pts, as of Sep 11, 2026.
- AVL, net assets: $189m (source, as filed for Apr 30, 2026).
- AVL, expense ratio: 1.00% (485BPOS XBRL, Feb 26, 2026).

## AVL over each window to Sep 11, 2026

| Window | Fund | AVGO | +2x the move | Difference | AVGO moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −25.9% | −13.0% | −26.0% | +0.1 pts | 36% |
| 3 months | −16.1% | −5.1% | −10.2% | −5.9 pts | 43% |
| 6 months | +7.2% | +12.8% | +25.6% | −18.4 pts | 48% |
| 1 year | −25.9% | +1.4% | +2.8% | −28.7 pts | 46% |
| Since launch | +89.1% | +98.0% | +195.9% | −106.8 pts | 53% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of AVGO, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +3.16 times, against +2 stated | ETFIQ |
| Underlying | AVGO | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $189m | source, as filed for Apr 30, 2026 |
| Expense ratio | 1.00% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Oct 10, 2024 | ETFIQ |
| Underlying volatility over the window | 43% annualized | ETFIQ |

## Questions

### Did AVL return +2 times AVGO?

Over the window to Sep 11, 2026, AVGO moved −5.1% and AVL returned −16.1%. 2 times that move is −10.2%, so the fund came out 5.9 points short of it.

### Why does AVL not return +2 times over a year?

Because it resets daily. AVL aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.

### Which +2x AVGO ETF tracked its stated multiple most closely?

5 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic.


## Cite this page

ETFIQ, AVL, data as of Sep 11, 2026. https://etfiq.com/funds/AVL
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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