Direxion Daily AVGO Bear 1X Shares
AThis 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.
$8.07−0.06 (−0.68%)
- 1.21%
- $14M
- −22.1%
- 3.31%
- 12.7M sh
- $7.98
- low $6.25high $10.96
The ETF.net AVS Grade
A
Score 81 out of 100
- 3 of 58
Score 81 of 100 falls in the A 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.A74 out of 100Rank 16 of 58Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 32Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A71 out of 100Rank 8 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A85 out of 100Rank 5 of 58Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B66 out of 100Rank 12 of 58
Our read on AVS
ADirexion's straight inverse on Broadcom: it aims for 100% of the opposite of AVGO's daily move, with no leverage stacked on top. The target resets every day, so it behaves like a trading tool.
The fund seeks daily investment results equal to 100% of the inverse performance of Broadcom Inc.'s common shares, before fees and expenses.
Why people hold it
- Unleveraged where much of the shelf is not: AVS targets -1x AVGO's daily move, while rival short-AVGO products such as AVGS aim for -2x.sec.gov
- Charges 1.21% a year, under the median fee for inverse single-stock funds, and it has been one of the more actively traded ways to fade Broadcom.
- Delivery matches the promise: it has tracked its daily inverse target closely, one of the stronger implementations among single-stock bear funds.
Worth knowing
- The daily reset means returns over longer holds drift from -1x, and swings in AVGO compound that gap in either direction.direxion.com
- One stock, one bet: no diversification cushion, so a Broadcom move lands on the fund undiluted.direxion.com
- Launched in October 2024 with a small asset base, so the record is short and the fund is not among the giants of its niche.direxion.com
AVS Holdings
- Other
- 4
- 2161394%
- Dreyfus Govt Cash Man Ins
AVS Performance
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.
AVS$7,794
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.
| Period | AVS |
|---|---|
| Year to date | −12.6% |
| 1 month | +1.2% |
| 3 months | +10.1% |
| 1 year | −22.1% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | AVS |
|---|---|---|
| 2026 YTD | −12.6% | |
| 2025 | −45.9% | |
| 2024 | −26.5% |
AVS in the news
AVS Dividends
- 3.31%
- $0.27
- $0.04 per share
- Quarterly
Distribution history
AVS 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.
- 45.6%
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.
- −1.11
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.
- −75.7%
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.
- −1.48
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
AVS Cost
1.21%
AVS1.21%
- The middle half of Single-Stock Inverse funds
- Median 1.35%
15 of the 43 Single-Stock Inverse funds charge less.
Other funds in Single-Stock Inverse
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- ATSDDGraniteShares 2x Short TSLA Daily ETFExpense ratio 1.13%1 year return −31.5%
- ATSLSDirexion Daily TSLA Bear 1X ETFExpense ratio 0.95%1 year return −3.6%
- APLTDDirexion Shares ETF Trust - Direxion Daily PLTR Bear 1X ETFExpense ratio 0.99%1 year return −36.9%
- ATSLQTradr 2X Short TSLA Daily ETFExpense ratio 1.23%1 year return −29.7%