AVGG +2x Leverage Shares 2X Long AVGO Daily ETF

AVGG

ETF +2x BULL standard
Leverage Shares 2X Long AVGO Daily ETF
Issuer: Leverage Shares · Tracks: AVGO · Listed: 2025-05-15
Implied AUM
$55.1M
Last Close
$26.80
20260720
30d Avg Vol
367,940
Options
available
Realized return vs theoretical +2x AVGO
Other leveraged products tracking AVGO
Symbol Factor Direction Issuer Name Implied AUM 30d Vol Options
AVGX +2x BULL Defiance Defiance Daily Target 2X Long AVGO ETF $252.7M 1,034,254
AVL +2x BULL Direxion Direxion Shares ETF Trust Direxion Daily AVGO Bull 2X ETF $191.6M 576,441
AVGU +2x BULL GraniteShares GraniteShares 2x Long AVGO Daily ETF $33.2M 150,318

How AVGG works

AVGG targets +2x the daily return of AVGO — not the cumulative return over multi-day windows. The fund rebalances at the close each day using swaps or futures, which is what creates the volatility drag the chart above visualizes.

Mathematical headline: drag ≈ −0.5 × N × (N−1) × σ² per period. For a +2x product on an underlying with 25% annualized vol, expected annual drag is around 6.2%. Add expense ratio and the realized number is typically worse.

  • Short-term tactical: daily and intraday holds are where these products were designed to live.
  • Premium selling: options on AVGG carry very rich IV — see the quote page for IV rank and straddle pricing.
  • Multi-day directional: works in strong trends; gets eaten alive in chop. Use the chart above to gauge the realized vs theoretical track record.