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AVGX

GradeBNASDAQ Global Market

Daily Target 2X Long AVGO ETF

Leveraged · Single-Stock Leveraged · Defiance · Inception 2024-08-21

This fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$38.76−2.10 (−5.14%)

As of Sep 23, 2026, 2:20 PM EDT

History starts Aug 22, 2024.
Intraday session: down, 59 prints from 40.86 to 38.76. Range 38.56 to 40.04. Use the arrow keys to read each point.$38.50$39.00$39.50$40.0010 AM12 PM2 PM4 PM
Expense ratio
1.31%
Fund size
$226M
1Y return
−18.2%
Yield · Last 12 months
1.90%
Holdings
10
Volume · 30D
0.9M sh
NAV per share
$40.43
52W range
low $30.84high $84.80

The ETF.net AVGX Grade

B

62/ 100

Rank 4 of 6 in 2x Long Broadcom (AVGO)⁠

Confidence Medium

Six-pillar profile for AVGX. Scores out of 100: Cost 27, Risk 48, Mission 100, Tradability 81, Holdings not scored, Durability 69. Strongest: Mission (100). Weakest: Cost (27). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 62 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 27
    Category rank5/6 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank1/5 · top 20%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 48
    Category rank4/5 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 81
    Category rank1/6 · top 17%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 69
    Category rank2/6 · top 33%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on AVGX

ETF.net Research

BDefiance's 2x Broadcom trade in a single ticker: double the chip giant's daily move, reset every night. It has hit that daily target closely since its 2024 debut, though it costs more than most of the AVGO leverage shelf.

Stated mandate

The fund seeks daily investment results equal to two times the daily percentage change in Broadcom Inc.'s share price.

Why people hold it

  1. 01Does the one job on the label: two times Broadcom's daily percentage change, and it has tracked that daily target closely.defianceetfs.com
  2. 02Leverage without a margin account or an options chain. The 2x lives inside the fund, so you buy and sell it like any ordinary share.defianceetfs.com
  3. 03Real assets behind it and active daily trading, which matters for a product built around short holding periods.

Worth knowing

  1. 01At 1.30% a year, it is the pricier route to 2x AVGO. AVGG (0.75%), AVGW (0.99%) and AVL (1.01%) chase the same daily exposure for less.
  2. 02The target resets every day. Over longer stretches compounding takes over, so multi-day results can drift far from twice Broadcom's move, especially in choppy markets.
  3. 03One stock, doubled. A bad day for Broadcom lands twice as hard here, with no other holdings to soften it.

AVGX Holdings

As of Sep 20, 2026, 5:08 AM
Asset class
Other
Holdings
10
Top-10 weight
282%
Largest holding
United States Treasury Bill 11/19/202676.2%

Geography

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—United States Treasury Bill 11/19/202676.22%168,000,000$167M48
002—BROADCOM INC SWAP MS40.69%249,200$89M1
003—BROADCOM INC COM SWAP CS - L31.01%189,896$68M1
004—BROADCOM INC COM SWAP CAN - L30.85%188,942$68M1
005—BROADCOM INC COM SWAP MAREX - L28.38%173,841$62M1
006—BROADCOM INC SWAP NBC-L28.13%172,281$62M1
007—BROADCOM INC COM - SWAP - NM - L27.48%168,328$60M1
008—BROADCOM INC SWAP BMO13.45%82,357$29M1
009—First American Government Obligations Fund 12/01/20316.03%13,206,008$13M625

Showing 1–9 of 9 holdings

AVGX Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

AVGX$8,180
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. AVGX $8,180. SPY $11,723. Use the arrow keys to read each point.$5,537$11,128$16,719Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for AVGX. Periods over one year show the average yearly return.
PeriodAVGX
Year to date−12.9%
1 month−3.7%
3 months−19.6%
1 year−18.2%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for AVGX
YearReturn barAVGX
2026 YTD−12.9%
2025+47.0%
2024+70.0%

History from Aug 22, 2024

AVGX in the news

ETF.net Research hasn’t filed on AVGX yet — coverage lands here as it’s written.

AVGX Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
1.90%Last 12 months
Payout per share
$0.78Last 12 months
Last payment
$0.78 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 31, 2024 $0.26; Dec 30, 2025 $0.78. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Dec 31, 2025$0.78
Dec 31, 2024Jan 3, 2025$0.26

AVGX Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
107.3%
Annualised · 24 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.78
vs 3-month T-bills · 24 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−71.0%
25 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
4.05
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

AVGX Cost

Expense ratio1.31%
  • The middle half of 2x Long Broadcom (AVGO) funds
  • Median 1.00%

4 of the 6 2x Long Broadcom (AVGO) funds charge less.

AVGX costs $131.00 a year on $10,000. The median 2x Long Broadcom (AVGO) fund costs $100.00.