AVGW vs AVGX: Grades, Fees and Holdings Compared

Roundhill AVGO WeeklyPay ETF

AVGWBCboe

Daily Target 2X Long AVGO ETF

AVGXBNasdaq

Overlap

0.0%by weight

Expense ratio

AVGW −0.31pt a year

AVGW1.00%AVGX1.31%

Avg volume · 30D

AVGX 25.1×the volume

AVGW26.2KAVGX658K

AVGW vs AVGX Performance

Oct 31, 2025 – Oct 30, 2026

−18.7%AVGW−44.6%AVGX

Expense ratio: AVGW 1.00%, better; AVGX 1.31%
Fund size: AVGW $44M; AVGX $157M
1Y total return: AVGW −18.7%, better; AVGX −44.6%
Yield (12M): AVGW 76.35%, better; AVGX 2.45%
Holdings: AVGW 4; AVGX 9
Avg volume (30D): AVGW 26.2K sh; AVGX 658K sh, better
NAV per share: AVGW $28.33; AVGX $31.62
52W range

ETF.net Grade

Pillar letters and Scores for AVGW, AVGX, with each pillar’s weight
Pillar	AVGW	AVGX
Cost30% weight	C50Higher	D27
Mission25% weight	A93	A98Higher
Risk15% weight	A77Higher	C41
Tradability15% weight	D37	A73Higher
Holdings10% weight	F20	Not scored
Durability5% weight	C53	B69Higher

Rank among 2x Long Broadcom (AVGO) funds

How we build Categories ›

Same Category. AVGW and AVGX are both graded against the same 6 2x Long Broadcom (AVGO) funds, so their Grades compare head to head.

2x Long Broadcom (AVGO)⁠

Category · 6 funds

See all 6 ›

AVGW ranks 3rd and AVGX 4th of 6 funds in the 2x Long Broadcom (AVGO) Category.

Rank 1AAVGGLeverage Shares 2X Long AVGO Daily ETFScore 72
Rank 2BAVLDirexion Daily AVGO Bull 2X SharesScore 67
Rank 3BAVGWRoundhill AVGO WeeklyPay ETFScore 64
Rank 4BAVGXDaily Target 2X Long AVGO ETFScore 59
Rank 5CAVGUGraniteShares 2x Long AVGO Daily ETFScore 50

Our read on each fund

ETF.net Research

AVGWBRoundhill AVGO WeeklyPay ETF

AVGXBDaily Target 2X Long AVGO ETF

In short

AVGW The rest of the AVGO leverage shelf chases 2x with a daily reset. AVGW dials the multiple down to 1.2x, resets on the calendar week, and exists to cut a weekly check. Broadcom exposure with a paycheck bolted on, for 1.00%.

AVGX The original 2x Broadcom trade. Defiance listed AVGX in August 2024, ahead of the copycats, and it aims to deliver two times AVGO's daily move, reset every single day, for 1.31%.

Stated mandate

AVGW The Fund seeks to pay weekly distributions and deliver calendar-week returns, before fees and expenses, equal to 1.2 times the calendar-week total return of Broadcom Inc. common shares.

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

Why people hold it

AVGW Built around the payout: its stated job is weekly distributions, funded by 1.2x exposure to Broadcom's calendar-week total return. No other AVGO leverage fund is wired that way.sec.gov
The leverage resets weekly, not daily. Compounding gets measured once per calendar week rather than every session, a different ride from the 2x daily peers in the group.sec.gov
Does what it advertises: calendar-week results have hugged the stated 1.2x mandate closely, and it sits in the upper half of the AVGO leveraged bull group.

AVGX First mover in its lane: AVGX listed in August 2024, before the Direxion, Leverage Shares and GraniteShares 2x AVGO funds arrived.stockanalysis.com stockanalysis.com 2 graniteshares.com
It hits its mark. Day to day the fund has tracked the stated two times AVGO move closely, which is the entire job of a daily leveraged product.
Volume is healthy for a single-stock leveraged fund, so getting in and back out is rarely the hard part of the trade.

Worth knowing

AVGW The weekly payout floats. A formula using AVGO's recent total return and implied volatility sets it, and the adviser expects much of it to be return of capital.roundhillinvestments.com
1.00% with no fee waiver, near the typical fee for AVGO leverage funds. AVGG charges 0.76%; AVL is 1.00% net of a waiver through September 1, 2027.
Leverage cuts both ways: the prospectus warns you can lose the full value of your investment within a single week. Launched in 2025, so the track record is short.sec.gov

AVGX Pricier seat: 1.31% versus 0.76% for AVGG and 1.00% for AVL (net of a waiver through September 1, 2027), though GraniteShares' AVGU runs 1.51%.
The 2x target resets daily. Hold through a choppy stretch in AVGO and your return can land well away from twice the stock's move.defianceetfs.com
One stock, doubled: Broadcom's swings arrive magnified, and cash distributions show up only once or twice a year.

Full AVGW profile⁠

Full AVGX profile⁠

AVGW vs AVGX Holdings

How AVGW and AVGX differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of AVGW and 0.0% of AVGX.

Level by level

Asset classEquity, Leveraged/Inverse0.0%
Holdings0 in both0.0%
Countryby domicile100%

Sector

No Sector split for AVGW and AVGX.

Country, concentration and asset class

Country by domicile

Country weights in AVGW and AVGX, widest gap first
Country	More in AVGWMore in AVGX	AVGW	AVGX
United States	Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

AVGW221.3%
AVGX298.6%

Securities held

AVGW3
AVGX2

Asset class

AVGW: Equity
AVGX: Leveraged/Inverse

Holdings

Only in AVGW3
In both0
Only in AVGX2

Only in AVGW

3 securities, 100% of AVGW by weight

United States Treasury Bill 12/03/202692.07%
Broadcom Inc19.97%
First American Government Obligations Fund 12/01/20319.40%

Only in AVGX

2 securities, 98.5% of AVGX by weight

United States Treasury Bill 11/19/202696.67%
First American Government Obligations Fund 12/01/20311.80%

Weight gaps

AVGW and AVGX share no securities.

All 5 AVGW holdings⁠All 10 AVGX holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AVGW vs AVGX Cost

Overpaying AVGX vs AVGW

$4,831

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

AVGW 1.00%
$18,688
AVGX 1.31%
$23,519

Amount$10,000

Years30 years

Cost over time

AVGW 1.00%
AVGX 1.31%
Overpaying

Year by year

Year	AVGW	AVGX	Overpaying
10	$1,763	$2,280	$517
20	$6,625	$8,450	$1,825
30	$18,688	$23,519	$4,831

Expense ratio

1.00%AVGW, cheaper
1.31%AVGX

AVGW1.00%AVGX1.31%

0.45%1.66%

Middle half of 2x Long Broadcom (AVGO) funds
Median 1.00%

AVGW 3rd cheapest of 6 funds

AVGX 5th cheapest of 6 funds

AVGW vs AVGX Dividends

Last 12 months to Oct 30, 2026

Yield (12M): AVGW 76.35%, better; AVGX 2.45%
Payout (12M): AVGW $21.66; AVGX $0.78
Last payment: AVGW $0.10; AVGX $0.78
Ex-dividend: AVGW Oct 26, 2026; AVGX Dec 30, 2025
Paid on: AVGW Oct 27, 2026; AVGX Dec 31, 2025
Frequency: AVGW Weekly; AVGX Irregular

Distribution history

Per share, 2026, same scale for both

AVGWWeekly · 43 paymentsAll AVGW payments⁠

AVGXIrregularAll AVGX payments⁠

No distribution history available.

AVGW vs AVGX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: AVGW 52.4%since Aug 2025AVGX 104.9%since Sep 2024
Return per unit of riskSharpe ratio, 3 years: AVGW 0.23since Aug 2025AVGX 0.61since Sep 2024
Worst fallMax drawdown, 5 years: AVGW −40.0%since Jul 2025AVGX −71.0%since Aug 2024
Market sensitivityBeta, 5 years: AVGW 3.21AVGX 4.05; Market = 1

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