Skip to content
etf.net

Launched

Direxion Daily AVGO Bull 2X Shares

AVLNasdaqDirexionBThis 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.

$29.30−0.59 (−1.97%)

At close: Nov 2, 2026, 4:00 PM ET

B67/ 100

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

B67/100Rank 2 of 6in2x Long Broadcom (AVGO)
Intraday session: down, 79 prints from 29.89 to 29.30. Range 29.25 to 31.19. Use the arrow keys to read each point.30.5031.0010 AM12 PM2 PM4 PM
Expense ratio
1.00%*
Fund size
$260M
1Y total return
−43.2%
Yield · Last 12 months
43.47%
Holdings
9
Avg volume · 30D
865K sh
52W range
low $28.65high $80.21
Launched

*After a fee waiver that ends Sep 1, 2027. Without it: 1.01%.

The ETF.net AVL Grade

Based on 5 of 6 pillars

B

Score 67 out of 100

Category
2x Long Broadcom (AVGO)⁠
Rank
2 of 6
Six-pillar profile for AVL. Scores out of 100: Cost 50, Risk 54, Mission 98, Tradability 62, Holdings not scored, Durability 77. Strongest: Mission (98). Weakest: Cost (50). Based on 5 of 6 pillars.

Score 67 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.
    C50 out of 100
    Rank 3 of 6

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A98 out of 100
    Rank 1 of 5

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C54 out of 100
    Rank 3 of 6

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B62 out of 100
    Rank 4 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.
    A77 out of 100
    Rank 1 of 6

Our read on AVL

ETF.net Research

In short

BA 2x dial on a single stock: AVL aims for 200% of Broadcom's daily move, reset every night. Direxion's version of the AVGO leverage trade, and one of the closer-tracking builds in a now-crowded field.

Stated mandate

The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of Broadcom Inc. common shares.

Why people hold it

  • Does exactly what the label says: the fund seeks 200% of Broadcom's daily share-price move before fees, and it has stayed close to that stated daily target.direxion.com
  • Fee is 1.00% net of a waiver through September 1, 2027, against 1.01% gross, which sits near the median for 2x Broadcom funds.
  • Actively traded, which matters for a vehicle designed to be entered and exited in day-size pieces rather than parked.
  • Among the stronger implementations in its small group of 2x Broadcom funds, from a shop that has run daily-reset leverage for years.

Worth knowing

  • Leverage resets daily. Hold past one session and returns compound, so a choppy stretch in AVGO can leave you well off 2x the period's move, in either direction.direxion.com
  • AVGG runs the same 2x Broadcom mandate at 0.76% with no waiver attached, so cost is the clearest trade-off here.
  • One stock, one sector, no diversification cushion. The fund launched in 2024, so its track record is short.

AVL Performance

Launched Oct 10, 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.
AVL$5,676
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. AVL $5,676. SPY $11,199. Use the arrow keys to read each point.$5,000$7,500$10,000$12,500Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 AVL. Periods over one year show the average yearly return.
PeriodAVL
Year to date−31.1%
1 month−16.4%
3 months−34.5%
1 year−43.2%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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 AVL
YearReturn barAVL
2026 YTD−31.1%
2025+53.4%
2024+39.9%

Since listing, Oct 10, 2024

AVL in the news

AVL 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 30, 2026.
43.47%Last 12 months
Payout per share
$12.99Last 12 months
Last payment
$0.20 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2024–2026

One bar per payment. 9 payments from 2024 to 2026 YTD. Dec 23, 2024 $0.08; Mar 25, 2025 $0.13; Jun 24, 2025 $0.19; Sep 23, 2025 $0.14; Dec 10, 2025 $12.18; Dec 23, 2025 $0.16; Mar 24, 2026 $0.26; Jun 23, 2026 $0.20; Sep 22, 2026 $0.20. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 29, 2026$0.20
Jun 23, 2026Jun 30, 2026$0.20
Mar 24, 2026Mar 31, 2026$0.26
Dec 23, 2025Dec 31, 2025$0.16
Dec 10, 2025Dec 17, 2025$12.18
Sep 23, 2025Sep 30, 2025$0.14
Jun 24, 2025Jul 1, 2025$0.19
Mar 25, 2025Apr 1, 2025$0.13
Dec 23, 2024Dec 31, 2024$0.08

$10,000 in AVL 1 year ago paid $2,035 in dividends.

AVL Risk

Risk pillarC54 out of 100Rank 3 of 6 in 2x Long Broadcom (AVGO)

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.
110.4%
Annualised · 24 months to Oct 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.
0.66
vs 3-month T-bills · 24 months to Oct 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.
−70.6%
24 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.
4.08
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.

FMP measures it over up to five years of monthly returns.

AVL Cost

Compare AVL and AVGC

Overpaying vs AVGC, cheapest in 2x Long Broadcom (AVGO)

$9,647

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • AVL 1.00%

    $18,688

  • AVGC 0.45% Cheapest

    $9,041

$10,000
30 years

Cost over time

  • AVL 1.00%
  • AVGC 0.45%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530AVL $18,688AVGC $9,041

Year by year

YearAVLAVGCOverpaying
10$1,763$812$951
20$6,625$3,128$3,497
30$18,688$9,041$9,647
How the 1.00% is worked out

Full fee 1.01%− waiver 0.01%= you pay 1.00%

The waiver ends Sep 1, 2027. After that the fee is 1.01% unless Direxion renews it. Source: prospectus, Mar 2026.

Other funds in 2x Long Broadcom (AVGO)

See others