AVL vs QQQ
Direxion Daily AVGO Bull 2X ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | AVL | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.00% | 0.18% | |
| AUM | $186M | $496.3B | |
| Dividend Yield | 28.25% | 0.44% | |
| Holdings | 10 | 108 | |
| YTD Return | -8.28% | +16.64% | |
| 1Y Return | +17.43% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 113.5% | 30.6% | |
| Max Drawdown | -70.6% | -83.0% | |
| Fund Family | Direxion Shares ETF Trust | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 10, 2024 | Mar 10, 1999 |
AVL vs QQQ Performance
Direxion Daily AVGO Bull 2X ETF (AVL) is a ETF from Direxion Shares ETF Trust and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year AVL returned +17.43% while QQQ returned +27.27%. Year to date, AVL is down 8.28% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
AVL has been the more volatile fund, with annualized monthly volatility of 113.5% compared with 30.6% for QQQ. 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 -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AVL charges 1.00% per year while QQQ charges 0.18%. On a $10,000 position that is $100 vs $18 annually, a gap of $82 per year that compounds over a long holding period. On income, AVL currently yields 28.25% against 0.44% for QQQ.
Holdings Overlap
AVL and QQQ share 1 holdings out of 106 unique holdings combined, representing a 3.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in AVL | Weight in QQQ | Difference |
|---|---|---|---|
| AVGO | 15.97% | 3.16% | 12.81% |
Frequently Asked Questions
Which is cheaper, AVL or QQQ?
AVL has an expense ratio of 1.00% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $82 per year of difference.
Which performed better, AVL or QQQ?
Over the past year AVL returned +17.43% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), AVL annualized +45.03% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, AVL or QQQ?
AVL has been the more volatile fund at 113.5% annualized versus 30.6% for QQQ. Worst drawdown: AVL -70.6% vs QQQ -83.0%.
Should I hold both AVL and QQQ?
AVL and QQQ have a monthly-return correlation of 0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVL and QQQ?
AVL and QQQ share 1 common holdings with a 3.2% weight overlap. Combined, they hold 106 unique securities.
Which pays a higher dividend, AVL or QQQ?
AVL yields 28.25% while QQQ yields 0.44%, so AVL currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.