AVL vs FBL
Direxion Daily AVGO Bull 2X ETF vs GraniteShares 2x Long META Daily ETF
Which is better, AVL or FBL?
Each has led over a different period.
AVL has a lower expense ratio. AVL led over the full window, FBL over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AVL | FBL |
|---|---|---|
| Expense Ratio | 1.00%Best | 1.09% |
| AUM | $184M | $140M |
| Dividend Yield | 43.37% | 3.01% |
| Holdings | 23 | 4 |
| YTD Return | -25.09%Best | -26.49% |
| 1Y Return | -30.78% | -22.58%Best |
| 3Y Return (annualized) | - | +18.75% |
| Volatility (annualized) | 108.0% | 74.3%Best |
| Max Drawdown | -70.6% | -63.2%Best |
| $10,000 over 2.1 years | $16,331Best | $6,995 |
| Fund Family | Direxion Shares ETF Trust | GraniteShares |
| Category | Alternative | Alternative |
| Style | Trading-Leveraged Equity | Trading-Leveraged Equity |
| Inception | Oct 10, 2024 | Dec 13, 2022 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Oct 10, 2024 to Nov 11, 2026 (2.1 years).
AVL vs FBL growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.1 years both funds cover.
AVL vs FBL Performance
Direxion Daily AVGO Bull 2X ETF (AVL) is an ETF from Direxion Shares ETF Trust and GraniteShares 2x Long META Daily ETF (FBL) is an ETF from GraniteShares. Over the past year AVL returned -30.78% while FBL returned -22.58%. Year to date, AVL is down 25.09% versus a loss of 26.49% for FBL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVL has been the more volatile fund, with annualized monthly volatility of 108.0% compared with 74.3% for FBL. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -70.6% for AVL and -63.2% for FBL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.26. They move largely independently of each other.
Fees and Cost Over Time
AVL charges 1.00% per year while FBL charges 1.09%. On a $10,000 position that is $100 vs $109 annually, a gap of $9 per year that compounds over a long holding period. On income, AVL currently yields 43.37% against 3.01% for FBL.
Holdings Overlap
We hold position weights for 2 holdings in AVL and 1 in FBL, totalling 45.6% and 200.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 2 positions we hold weights for in AVL and 1 in FBL, against full books of 23 and 4.
You are not choosing between two funds in isolation.
Whichever of AVL and FBL you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AVL or FBL?
AVL has an expense ratio of 1.00% while FBL charges 1.09%. AVL is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, AVL or FBL?
Over the past year AVL returned -30.78% vs -22.58% for FBL, so FBL leads on 1-year performance. Over the longest common window we track (2 years), AVL annualized +26.31% vs -15.65% for FBL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AVL or FBL?
AVL has been the more volatile fund at 108.0% annualized versus 74.3% for FBL. Worst drawdown: AVL -70.6% vs FBL -63.2%.
Should I hold both AVL and FBL?
AVL and FBL have a monthly-return correlation of 0.26, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, AVL or FBL?
AVL yields 43.37% while FBL yields 3.01%, so AVL currently pays the higher dividend yield.
Is FBL better than AVL?
AVL has a lower expense ratio. AVL led over the full window, FBL over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.