# AVS (Direxion Daily AVGO Bear 1X ETF)

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

Three months to Sep 11, 2026: AVS returned +2.5% where its own daily promise gave +0.8%, 1.7 points over.

## Key facts

- AVS, what AVGO did: −5.1%, as of Sep 11, 2026.
- AVS, what −1 times a day gives: +0.8%, as of Sep 11, 2026.
- AVS, what the fund returned: +2.5%, as of Sep 11, 2026.
- AVS, the fund itself added: +1.7 pts, as of Sep 11, 2026.
- AVS, net assets: $7m (source, as filed for Apr 30, 2026).
- AVS, expense ratio: not read by ETFIQ, as of Sep 11, 2026.

## AVS over each window to Sep 11, 2026

| Window | Fund | AVGO | -1x the move | Difference | AVGO moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +14.2% | −13.0% | +13.0% | +1.3 pts | 36% |
| 3 months | +2.5% | −5.1% | +5.1% | −2.6 pts | 43% |
| 6 months | −18.2% | +12.8% | −12.8% | −5.5 pts | 48% |
| 1 year | −14.9% | +1.4% | −1.4% | −13.5 pts | 46% |
| Since launch | −66.0% | +98.0% | −98.0% | +31.9 pts | 53% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -1 times the daily move of AVGO, reset daily | ETFIQ |
| Multiple a holder actually got over the window | -0.49 times, against -1 stated | ETFIQ |
| Underlying | AVGO | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $7m | source, as filed for Apr 30, 2026 |
| Expense ratio | not read by ETFIQ | ETFIQ |
| Launched | Oct 10, 2024 | ETFIQ |
| Underlying volatility over the window | 43% annualized | ETFIQ |

## Questions

### Did AVS return -1 times AVGO?

Over the window to Sep 11, 2026, AVGO moved −5.1% and AVS returned +2.5%. 1 times that move is +5.1%, so the fund came out 2.6 points short of it.

### Why does AVS not return -1 times over a year?

Because it resets daily. AVS aims at -1 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 -1 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.


## Cite this page

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

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