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Launched

Daily Target 2X Long AVGO ETF

AVGXNasdaqBThis 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.

$38.66+0.50 (+1.31%)

At close: Oct 13, 2026, 4:00 PM

B60/ 100

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

B60/100Rank 4 of 6in2x Long Broadcom (AVGO)
Intraday session: up, 79 prints from 38.16 to 38.66. Range 36.92 to 38.91. Use the arrow keys to read each point.37.0037.5039.0010 AM12 PM2 PM4 PM
Expense ratio
1.31%
Fund size
$202M
1Y total return
−15.3%
Yield · Last 12 months
2.03%
Holdings
9
Avg volume · 30D
0.9M sh
NAV per share
$39.64
52W range
low $16.58high $84.80
Launched

The ETF.net AVGX Grade

Based on 5 of 6 pillars

B

Score 60 out of 100

Category
2x Long Broadcom (AVGO)⁠
Rank
4 of 6
Six-pillar profile for AVGX. Scores out of 100: Cost 27, Risk 44, Mission 99, Tradability 74, Holdings not scored, Durability 69. Strongest: Mission (99). Weakest: Cost (27). Based on 5 of 6 pillars.

Score 60 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D27 out of 100
    Rank 5 of 6

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A99 out of 100
    Rank 1 of 5

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C44 out of 100
    Rank 5 of 6

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A74 out of 100
    Rank 1 of 6

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B69 out of 100
    Rank 2 of 6

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 Oct 13, 2026
Asset class
Other
Holdings
9
Top-10 weight
288%
Largest holding
United States Treasury Bill 11/19/202685.1%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—United States Treasury Bill 11/19/202685.13%166,151,000$165M56
002—Broadcom Inc Swap Ms41.10%225,200$80M1
003—Broadcom Inc Com - Swap - Nm - L33.77%185,039$66M1
004—Broadcom Inc Swap Nbc-L32.42%177,636$63M1
005—Broadcom Inc Com Swap Cs - L28.96%158,670$56M1
006—Broadcom Inc Com Swap Marex - L27.44%150,364$53M1
007—Broadcom Inc Com Swap Can - L25.45%139,440$49M1
008—Broadcom Inc Swap Bmo10.91%59,802$21M1
009—First American Government Obligations Fund 12/01/20312.87%5,577,414$6M529

Showing 1–9 of 9 holdings

AVGX Performance

Launched Aug 21, 2024

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

Not enough history yet.Not enough history yet.Not enough history yet.
AVGX$8,472
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. AVGX $8,472. SPY $12,044. Use the arrow keys to read each point.$6,129$12,415$18,702Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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−18.6%
1 month−5.5%
3 months−26.4%
1 year−15.3%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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−18.6%
2025+47.0%
2024+70.0%

History from Aug 22, 2024

AVGX in the news

Filtered to AVGX · Defiance

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 Oct 12, 2026.
2.03%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.
105.8%
Annualised · 25 months to Sep 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.
0.71
vs 3-month T-bills · 25 months to Sep 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 $100.50.

Other funds in 2x Long Broadcom (AVGO)

See others