AVAZOverviewHoldingsDividendsFlowsCompare

AVAZ 2x Avalanche ETF

Promise check: MissedOver three months to Oct 21, 2026, AVAZ finished 9.0 points behind twice Avalanche's daily moves, compounded.

Aims to return twice the daily move of AvalancheVolatility Shares1.85% fee$1m on Oct 21, 2026First traded May 15, 2026Fund page at the issuer ↗SEC filings ↗Dividend history

Over the three months to Oct 21, 2026, AVAZ returned 83.1%, against 92.1% for twice Avalanche's daily moves.

+49.3%
What Avalanche did
Report
+92.1%
What 2 times a day gives
Report
+83.1%
What the fund returned
Report
−9.0 pts
Gap to 2 times a day
Report
$0.0078
Last payment (paid monthly), ex-date Oct 21, 2026
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Price since launch, May 15, 2026

$14.31+5.3%1 day, priceClose, Oct 21, 2026

Price only. Total return over the same days, distributions reinvested, was −18.4%. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Oct 21, 2026. Updated every trading night. Report a data error

What it aimed at, and what it did
2.8 pts short of its stated multipleAVAZ returned −25.0% while 2 times Avalanche's move would have been −22.2%. Figures from Sep 21, 2026 to Oct 21, 2026.Avalanche −11.1% ×2 implies−22.2%AVAZ returned−25.0%2.8 pts short of its stated multipleAVAZ returned −25.0% while 2 times Avalanche's move would have been −22.2%. Figures from Sep 21, 2026 to Oct 21, 2026.Avalanche −11.1% ×2 implies−22.2%AVAZ returned−25.0%

Over the 1 month to Oct 21, 2026, AVAZ returned −25.0%, where 2 times that move implies −22.2%. The difference is −2.8 pts. Of that, daily compounding is −1.8 pts and the gap to 2 times each day's move compounded is −1.0 pts.

15.5 pts short of its stated multipleAVAZ returned +83.1% while 2 times Avalanche's move would have been +98.6%. Figures from Jul 22, 2026 to Oct 21, 2026.Avalanche +49.3% ×2 implies+98.6%AVAZ returned+83.1%15.5 pts short of its stated multipleAVAZ returned +83.1% while 2 times Avalanche's move would have been +98.6%. Figures from Jul 22, 2026 to Oct 21, 2026.Avalanche +49.3% ×2 implies+98.6%AVAZ returned+83.1%

Over the 3 months to Oct 21, 2026, AVAZ returned +83.1%, where 2 times that move implies +98.6%. The difference is −15.5 pts. Of that, daily compounding is −6.5 pts and the gap to 2 times each day's move compounded is −9.0 pts.

25 pts short of its stated multipleAVAZ returned −18.4% while 2 times Avalanche's move would have been +6.6%. Figures from May 15, 2026 to Oct 21, 2026.Avalanche +3.3% ×2 implies+6.6%AVAZ returned−18.4%25 pts short of its stated multipleAVAZ returned −18.4% while 2 times Avalanche's move would have been +6.6%. Figures from May 15, 2026 to Oct 21, 2026.Avalanche +3.3% ×2 implies+6.6%AVAZ returned−18.4%

From launch to Oct 21, 2026, AVAZ returned −18.4%, where 2 times that move implies +6.6%. The difference is −25.0 pts. Of that, daily compounding is −20.3 pts and the gap to 2 times each day's move compounded is −4.7 pts.

3.8
IQ Leverage ScoreETFIQ 3-Month Tracking Score489th of 508 · Oct 21, 2026
0.1 · lowest of 508 leveraged ETFs at 2x, over three months99.9 · highest

How closely it delivered its daily multiple over 3 months, ranked against 508 leveraged ETFs at 2x, over three months. 100 is best. How it is computed

AVAZ finished 9 points short of what +2 times Avalanche’s daily move would have given, compounded through the same days.

points against its daily multiple, compounded−9.0 pts · 4th pct
All 508 ranked by this score →
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AVAZ returns by window: total return, cash paid and price change
WindowTotal returnAvalanche+2x the moveDifferenceAvalanche moved about, annualized
1M Sep 21 – Oct 21, 2026−25.0%−11.1%−22.2%−2.8 pts65%
3M Jul 22 – Oct 21, 2026+83.1%+49.3%+98.6%−15.5 pts88%
Since launch May 15 – Oct 21, 2026−18.4%+3.3%+6.6%−25.0 pts77%

Total return at closing prices, distributions reinvested. +2x the move is +2 times the window's move. That is not the fund's objective, which is +2 times each day's move. Not shown: 6 months, year to date, 1 year and 3 years, which the fund has not been listed long enough to fill (listed May 2026); its since-launch row covers all of its record. Source: ETFIQ.

Source: Tiingo end-of-day prices, with distributions reinvested. Data as of Oct 21, 2026. Updated every trading night. Report a data error

Did it keep up with its own daily multiple, compounded day by day, over three months?

Points against its daily multiple, compounded
MRNX −51.5 ptsBLSG −26.5 ptsCRDX −15.9 ptsPUR −14.6 ptsXOVL −13.1 ptsMSTX −13.0 ptsTXXS −13.0 ptsMSTU −11.9 ptsSUIL −11.7 ptsBMNG −11.3 ptsNXPX −11.3 ptsGMEU −10.9 ptsNOWL −10.8 ptsMSTP −10.6 ptsPLTG −10.1 ptsSMCC −9.7 ptsNUG −9.6 ptsTXXD −9.4 ptsBMNU −9.3 ptsSPCU −8.8 ptsPUL −8.7 ptsOSCX −8.6 ptsMSTC −8.3 ptsINFH −8.1 ptsNOWX −8.1 ptsXXRP −8.1 ptsCRMG −7.9 pts, and 2 more at this point: SPCH −7.9 pts, AMPU −7.8 ptsSMCX −7.6 ptsSTLU −7.6 ptsCRCA −7.5 pts, and 2 more at this point: PLTA −7.5 pts, SPCF −7.5 ptsCRCG −7.5 ptsCRMU −7.2 ptsCRWL −7.1 ptsETHT −7.1 ptsBEC −7.0 pts, and 1 more at this point: SPAX −6.9 ptsGLGG −6.8 ptsPOEL −6.6 ptsUMAL −6.5 ptsHPEL −6.4 pts, and 2 more at this point: SBTU −6.4 pts, RDWU −6.3 ptsLOFF −6.4 ptsHIMZ −6.2 pts, and 2 more at this point: OKTG −6.2 pts, XRPT −6.2 ptsIONX −6.1 pts, and 3 more at this point: ONDL −6.1 pts, TEMT −6.1 pts, UXRP −6.1 ptsBTCL −6.0 pts, and 4 more at this point: KMLI −6.0 pts, MVLL −6.0 pts, FIGG −5.9 pts, SMCL −5.9 ptsCOIG −6.0 ptsPLTL −5.7 pts, and 2 more at this point: RGTX −5.7 pts, SNAG −5.7 ptsPTIR −5.7 ptsBNMC −5.6 pts, and 5 more at this point: TEMC −5.5 pts, BITU −5.4 pts, EVMU −5.4 pts, LUNL −5.4 pts, VELL −5.4 ptsETU −5.6 ptsDUOG −5.2 ptsFUTG −5.2 ptsXCOM −5.2 ptsADBG −5.1 pts, and 11 more at this point: AFRU −5.1 pts, ETHU −5.1 pts, PLTU −5.1 pts, SHPU −5.1 pts, TDCL −5.1 pts, BEG −5.0 pts, BTCU −5.0 pts, ONDC −5.0 pts, TARK −5.0 pts, LNOK −4.9 pts, SNDC −4.9 ptsCRMX −4.8 pts, and 2 more at this point: RDTL −4.8 pts, SPOG −4.8 ptsMSFL −4.8 ptsNVDG −4.8 ptsAXTU −4.7 pts, and 9 more at this point: BBUL −4.7 pts, UPLT −4.7 pts, ANEL −4.6 pts, BITX −4.6 pts, MSFC −4.6 pts, NTAL −4.6 pts, COIA −4.5 pts, FDRX −4.5 pts, PBRG −4.5 ptsCONL −4.4 pts, and 4 more at this point: PDDL −4.4 pts, SOFX −4.4 pts, SOUX −4.4 pts, SPAL −4.4 ptsGEVC −4.4 ptsMSFX −4.4 ptsAXTL −4.3 pts, and 21 more at this point: BRZX −4.3 pts, CCUP −4.3 pts, CIR −4.3 pts, IBX −4.3 pts, METG −4.3 pts, PATX −4.3 pts, SLON −4.3 pts, TELG −4.3 pts, XAGI −4.3 pts, APHG −4.2 pts, ENTL −4.2 pts, GEVG −4.2 pts, GMEC −4.2 pts, MSFU −4.2 pts, MULL −4.2 pts, QSU −4.2 pts, KEYG −4.1 pts, NETG −4.1 pts, SOLT −4.1 pts, SPCM −4.1 pts, UCOP −4.1 ptsAMZG −4.0 pts, and 3 more at this point: SKHU −4.0 pts, VSTL −4.0 pts, XLEX −4.0 ptsHOOX −4.0 ptsMRVX −4.0 ptsAXTX −3.9 pts, and 15 more at this point: CRWC −3.9 pts, DRAL −3.9 pts, KTUP −3.9 pts, MSIX −3.9 pts, TSLT −3.9 pts, LLYX −3.8 pts, MUU −3.8 pts, NVDX −3.8 pts, OUSL −3.8 pts, UNHG −3.8 pts, UPAL −3.8 pts, COPZ −3.7 pts, ECHX −3.7 pts, LITU −3.7 pts, SNDU −3.7 ptsAAPE −3.6 pts, and 3 more at this point: RKLX −3.6 pts, ROBN −3.6 pts, SMTG −3.6 ptsAVXX −3.6 ptsFBX −3.6 ptsADIU −3.5 pts, and 27 more at this point: BULG −3.5 pts, CATG −3.5 pts, CONX −3.5 pts, HOOG −3.5 pts, MTSG −3.5 pts, QUBX −3.5 pts, TSMG −3.5 pts, XTAI −3.5 pts, ADBU −3.4 pts, RBLU −3.4 pts, RCAX −3.4 pts, TSMU −3.4 pts, APHU −3.3 pts, ASMG −3.3 pts, ASTG −3.3 pts, COTG −3.3 pts, FOMG −3.3 pts, IRE −3.3 pts, LULG −3.3 pts, MRVU −3.3 pts, NVDB −3.3 pts, ORCX −3.3 pts, PANG −3.3 pts, PYPG −3.3 pts, QCML −3.3 pts, XIWC −3.3 pts, XYZG −3.3 ptsAAPX −3.2 pts, and 11 more at this point: DJTU −3.2 pts, ELIL −3.2 pts, HOOC −3.2 pts, KEYX −3.2 pts, LMTL −3.2 pts, ORAC −3.2 pts, TSLG −3.2 pts, TSLL −3.2 pts, TWSC −3.2 pts, UMCX −3.2 pts, UNX −3.2 ptsAMDG −3.2 ptsBOEG −3.2 ptsIONL −3.1 pts, and 29 more at this point: IOSX −3.1 pts, JBLG −3.1 pts, NBIC −3.1 pts, SKHX −3.1 pts, TESC −3.1 pts, TSLI −3.1 pts, XEUR −3.1 pts, AMDL −3.0 pts, COIX −3.0 pts, ETNG −3.0 pts, FGRU −3.0 pts, HODU −3.0 pts, NVOX −3.0 pts, ONDG −3.0 pts, PYPU −3.0 pts, SNOU −3.0 pts, UPSX −3.0 pts, XBIX −3.0 pts, XLFX −3.0 pts, XW −3.0 pts, CIEG −2.9 pts, INTW −2.9 pts, ISUL −2.9 pts, MNSX −2.9 pts, NFLU −2.9 pts, RAM −2.9 pts, TSMX −2.9 pts, WLDU −2.9 pts, XLBX −2.9 ptsAMZU −2.8 pts, and 7 more at this point: GOOX −2.8 pts, GOU −2.8 pts, MCHG −2.8 pts, NXPG −2.8 pts, SKHL −2.8 pts, TXNU −2.8 pts, UECG −2.8 ptsAVGU −2.8 ptsBAIG −2.8 ptsAMAA −2.7 pts, and 49 more at this point: CARX −2.7 pts, CDNG −2.7 pts, DLLL −2.7 pts, FLYT −2.7 pts, INT −2.7 pts, NVC −2.7 pts, NVDL −2.7 pts, ORCU −2.7 pts, PALU −2.7 pts, TAJX −2.7 pts, TSLR −2.7 pts, XKRE −2.7 pts, XLIX −2.7 pts, XLKX −2.7 pts, XLYX −2.7 pts, ASTY −2.6 pts, BEX −2.6 pts, BTDL −2.6 pts, GRAG −2.6 pts, IREC −2.6 pts, LITX −2.6 pts, METU −2.6 pts, NVDU −2.6 pts, OKLL −2.6 pts, PLU −2.6 pts, QCMU −2.6 pts, RTXG −2.6 pts, SK −2.6 pts, TERG −2.6 pts, TTDU −2.6 pts, UGLD −2.6 pts, USX −2.6 pts, XHOA −2.6 pts, XLPX −2.6 pts, XOMX −2.6 pts, XQTM −2.6 pts, AAPU −2.5 pts, ASMZ −2.5 pts, DIG −2.5 pts, FBL −2.5 pts, HIMC −2.5 pts, ONDU −2.5 pts, OSSL −2.5 pts, RGTU −2.5 pts, RIOX −2.5 pts, SKYU −2.5 pts, SNDG −2.5 pts, VIAG −2.5 pts, WEBX −2.5 ptsACHX −2.4 pts, and 17 more at this point: AMKL −2.4 pts, AMUU −2.4 pts, ASMU −2.4 pts, AVGG −2.4 pts, BOEU −2.4 pts, CCPX −2.4 pts, CIEX −2.4 pts, CSCL −2.4 pts, FPSX −2.4 pts, GFSG −2.4 pts, GGLL −2.4 pts, GOOL −2.4 pts, RMBX −2.4 pts, UNHU −2.4 pts, USLV −2.4 pts, WX −2.4 pts, XPAV −2.4 ptsACLZ −2.4 ptsALBG −2.4 ptsAMA −2.3 pts, and 35 more at this point: ARMG −2.3 pts, AVGC −2.3 pts, EMXX −2.3 pts, GLWG −2.3 pts, LINT −2.3 pts, MPWC −2.3 pts, NVTX −2.3 pts, SMU −2.3 pts, STXL −2.3 pts, UN −2.3 pts, XLVX −2.3 pts, AXTC −2.2 pts, GEVX −2.2 pts, LITC −2.2 pts, NIOG −2.2 pts, ONG −2.2 pts, RDDC −2.2 pts, RMBC −2.2 pts, SIMX −2.2 pts, SKUU −2.2 pts, SOFA −2.2 pts, SOFC −2.2 pts, STXU −2.2 pts, TSEG −2.2 pts, XPEG −2.2 pts, AAPB −2.1 pts, AMAU −2.1 pts, AMDC −2.1 pts, ASUP −2.1 pts, AVGX −2.1 pts, KRWX −2.1 pts, NFX −2.1 pts, NFXL −2.1 pts, NUGT −2.1 pts, NVOC −2.1 ptsAAOG −2.0 pts, and 10 more at this point: EUVX −2.0 pts, IREX −2.0 pts, LABX −2.0 pts, MIC −2.0 pts, NBIG −2.0 pts, PLUL −2.0 pts, RVNL −2.0 pts, TERC −2.0 pts, XLUX −2.0 pts, XSEM −2.0 ptsAPLX −2.0 ptsCEGX −2.0 ptsFNGG −1.9 pts, and 26 more at this point: JNUG −1.9 pts, MPG −1.9 pts, NEBX −1.9 pts, AMZZ −1.8 pts, BABU −1.8 pts, CRUC −1.8 pts, ERX −1.8 pts, FNG −1.8 pts, MPWX −1.8 pts, NEMG −1.8 pts, RIVC −1.8 pts, SPYQ −1.8 pts, UBR −1.8 pts, UPSC −1.8 pts, USGG −1.8 pts, UUUG −1.8 pts, AAOX −1.7 pts, AVL −1.7 pts, BABC −1.7 pts, CRWG −1.7 pts, HUTG −1.7 pts, IONC −1.7 pts, KEEX −1.7 pts, NBIL −1.7 pts, NVTC −1.7 pts, WULX −1.7 ptsARMA −1.6 pts, and 11 more at this point: BIDG −1.6 pts, BRZU −1.6 pts, GLXU −1.6 pts, GOGL −1.6 pts, MRAL −1.6 pts, QBTX −1.6 pts, QNTU −1.6 pts, RKX −1.6 pts, TPLX −1.6 pts, UCC −1.6 pts, URSP −1.6 ptsBABX −1.6 ptsBIB −1.6 ptsAALG −1.5 pts, and 44 more at this point: ALA −1.5 pts, APMI −1.5 pts, ARCX −1.5 pts, ASTX −1.5 pts, COHH −1.5 pts, CRWX −1.5 pts, CWVX −1.5 pts, DDM −1.5 pts, JOBX −1.5 pts, MCHU −1.5 pts, RXL −1.5 pts, SSO −1.5 pts, UPV −1.5 pts, UXI −1.5 pts, UYG −1.5 pts, VRTL −1.5 pts, WYFL −1.5 pts, COZX −1.4 pts, CRD −1.4 pts, EFO −1.4 pts, EZJ −1.4 pts, GLX −1.4 pts, GUSH −1.4 pts, IREG −1.4 pts, LRNX −1.4 pts, OPEX −1.4 pts, QLD −1.4 pts, RGTC −1.4 pts, ROM −1.4 pts, SMUP −1.4 pts, SNXX −1.4 pts, SPUU −1.4 pts, TTMX −1.4 pts, UBRL −1.4 pts, UGE −1.4 pts, URE −1.4 pts, USAX −1.4 pts, UYM −1.4 pts, AGQ −1.3 pts, COHX −1.3 pts, LRCU −1.3 pts, LTL −1.3 pts, ONX −1.3 pts, QQXL −1.3 ptsACMM −1.2 pts, and 11 more at this point: CRWU −1.2 pts, CWEB −1.2 pts, EET −1.2 pts, INDL −1.2 pts, KLAG −1.2 pts, MVV −1.2 pts, OKLC −1.2 pts, ONTX −1.2 pts, SAA −1.2 pts, UWM −1.2 pts, WDCC −1.2 ptsAEHG −1.2 ptsAPPX −1.2 ptsCBRG −1.1 pts, and 17 more at this point: CLSX −1.1 pts, COHC −1.1 pts, CRDU −1.1 pts, UBOT −1.1 pts, WDCX −1.1 pts, XPP −1.1 pts, CAMC −1.0 pts, JOBC −1.0 pts, QUA −1.0 pts, STXX −1.0 pts, UGL −1.0 pts, UUUC −1.0 pts, APPC −0.9 pts, LRCC −0.9 pts, UPW −0.9 pts, UST −0.9 pts, VRC −0.9 ptsASTT −0.8 pts, and 2 more at this point: MHX −0.8 pts, UBT −0.8 ptsEOSU −0.8 ptsFCXG −0.8 ptsAMKX −0.7 pts, and 6 more at this point: LEUX −0.7 pts, CIFG −0.6 pts, CIFU −0.6 pts, CSEX −0.6 pts, CBRX −0.5 pts, UCTX −0.5 ptsCHAU −0.4 ptsCPXR −0.4 ptsTEUP −0.4 ptsXNDX −0.3 pts, and 3 more at this point: CIFC −0.2 pts, LASC −0.1 pts, SMRX −0.1 ptsGEMG 0.0 ptsEO +0.1 ptsKBDU +0.1 ptsUCO +0.1 ptsOPEG +1.0 ptsVALG +1.7 ptsKPDD +2.7 ptsKJD +4.5 ptsKBAB +5.6 ptsPONX +12.4 ptsCPNX +13.1 ptsAVAZ −9.0 ptsAVAZ −9.0 pts−51.5 pts+13.1 pts
−51.5 pts to +13.1 pts across 508

That is the share of the 508 leveraged ETFs at 2x, over three months sitting at or below AVAZ.

Three months only, against the fund's own daily multiple; a different quarter can rank it very differently. Where the fund sits in this set, not a rating. Do not average it with another category's score.

Money in and out

Monthly figures · as of May 31, 2026

AVAZ: in the month to May 31, 2026, net $783k came in, by its SEC filing.

Since Mar 2026
+$783k
Mar 1, 2026 to May 31, 2026
monthly, from SEC filings

Computed by ETFIQ from the monthly sales and redemptions AVAZ files with the SEC on Form N-PORT.

How this is computed

ETFIQ reads no daily figures for this fund, so its flows are monthly, and the latest month filed is May 2026. Every day and month ETFIQ holds for AVAZ, back to Mar 2026, is in its flows file. Flows across every fund · How these flows are computed · Compare AVAZ with other funds in the flows tool

Month by month, money in and money outMar 2026 to May 2026

AVAZ, money in and money out each month from Mar 2026 to May 2026: two bars a month, money in above the line and money out below. Every bar is from AVAZ’s SEC filings (N-PORT item B.6). Of the 3 months listed, money came in on net in 1 and went out in 0.

Every bar is from AVAZ’s SEC filings (N-PORT item B.6). Of the 3 months listed, money came in on net in 1 and went out in 0.

MonthInOutNet
May 2026 SEC Form N-PORT+$783k$0+$783k
Apr 2026 SEC Form N-PORT$0$0$0
Mar 2026 SEC Form N-PORT$0$0$0

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily figures; the Source column names any missing day.

Source: ETFIQ, from the fund’s SEC N-PORT filings. Data as of May 31, 2026. Updated when the fund files its next report. Report a data error

AVAZ key stats

High since May 15, 2026, daily closes to Oct 21, 2026 (ETFIQ)$19.88 on Oct 6, 2026
Low since May 15, 2026, daily closes to Oct 21, 2026 (ETFIQ)$6.70 on Jun 25, 2026
Close on Oct 21, 2026, within that range (ETFIQ)$14.31, 58% of the way from the low to the high
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

About AVAZ

Of that 15.5, daily compounding is −6.5 points, which any 2 times fund would show over the same path, and the fund itself is −9.0 points against 2 times each day's move, compounded.
Sets out to return+2 times the daily move of Avalanche, reset daily
Multiple a holder actually got over the window (ETFIQ)+1.68409 times, against +2 stated
UnderlyingAvalanche
Segmentasset class, crypto
Net assets (issuer page, as of Oct 21, 2026)$1mReport
Expense ratio (497 XBRL, May 15, 2026)1.85%Report
First tradedMay 15, 2026
Underlying volatility over the window (ETFIQ)88% annualized
What the underlying did, 3 monthsAvalanche 49.3%
How we measure
Read the multiple against the whole window instead and 2 times Avalanche's 49.3% implies +98.6%, which makes AVAZ look 15.5 points short. That is not the fund's objective, which is daily. AVAZ aims to return +2 times Avalanche's move each day, then resets. Over one day it does that. Over longer periods the daily results compound, so the total is not +2 times the period's move: it is lower after a fall and recovery, and can be higher in a steady run. Avalanche moved at 88% annualized over that window. The more it moves, the further the two figures separate.
Returns are ETFIQ calculations from Tiingo end-of-day prices, distributions reinvested, measured against the underlying over exactly the same days. How these figures are computed

Questions people ask about AVAZ

Did AVAZ return +2 times Avalanche?
Over the three months to Oct 21, 2026, Avalanche moved +49.3% and AVAZ returned +83.1%. 2 times that move is +98.6%, so the fund came out 15.5 points short of it. That is not its objective, which is daily. Against 2 times each day's move, compounded, it was 9.0 points short.
Why does AVAZ not return +2 times over a year?
Because it resets daily. AVAZ aims at +2 times each day's move, and daily results compound. If the underlying falls and recovers, a holder ends up behind +2 times the period move; in a steady run in one direction, possibly ahead. The longer the holding and the more the underlying swings, the wider the gap.
Sources and dates
Prices, AVAZ and AvalancheTiingo end-of-day prices ↗
Fee, 1.85%497 XBRL · May 15, 2026
Net assets, $1mIssuer page · Oct 21, 2026
IssuerVolatility Shares page for AVAZ ↗
All fund filingsFund filings on SEC EDGAR ↗
SourceSEC investment company series and class file, which lists every registered fund ↗
Volatility Shares’s own site ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement.

How these figures are computed →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, AVAZ, leveraged ETFs, data as of Oct 21, 2026. https://etfiq.com/funds/avaz

Open AVAZ live on ETFIQ

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Stated multiple
What the fund sets out to return against its underlying, each day. A fund at 2x aims to return twice the underlying’s daily move, and an inverse fund at -2x aims to return twice it in the opposite direction.
Daily reset
The fund starts each day aiming at the multiple again, from wherever it now stands. It is the mechanism that makes these funds behave as they do, and the reason the stated multiple applies to a day rather than to a holding period.
Compounding
Daily results multiply together rather than adding up. Two days of the multiple is not twice the multiple, and over a run of days the difference between the two grows with how far the underlying moves about.
Decay
What compounding costs a holder when the underlying falls and rises back to where it started. The underlying is level and the fund is down; the more violently it moved, the further down.
Difference against the stated multiple
The fund’s return minus the stated multiple times the underlying’s return, in percentage points. The one figure that says whether a holder got what the fund’s own multiple describes.
Full definitions: leveraged ETFs vocabulary page. →
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AVAZ: AVAZ returned +83.1% while 2 times Avalanche's move would have been +98.6%. Figures from Jul 22, 2026 to Oct 21, 2026.
<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/avaz"><img src="https://etfiq.com/assistant/api/embed/leverage/avaz.svg" alt="AVAZ: AVAZ returned +83.1% while 2 times Avalanche&#x27;s move would have been +98.6%. Figures from Jul 22, 2026 to Oct 21, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">AVAZ: AVAZ returned +83.1% while 2 times Avalanche&#x27;s move would have been +98.6%. Figures from Jul 22, 2026 to Oct 21, 2026. Data: <a href="https://etfiq.com/funds/avaz">ETFIQ</a></figcaption>
</figure>

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