Direxion Daily AVGO Bear 1X Shares (AVS) Performance
AVS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −3.9% since Dec 31, 2025
- 1 year
- −8.0% total return
- Since first price
- −61.8% since 2024
AVS trailing returns vs SPY, QQQ, AGG
| Period | AVS total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +9.8% | +9.8% | −1.0% | −5.0% | +0.9% |
| 3 months | +19.5% | +18.8% | +3.2% | +1.9% | −0.4% |
| 6 months | +21.0% | +19.8% | +7.8% | +8.4% | −1.5% |
| YTD | −3.9% | −5.4% | +12.3% | +15.1% | −1.0% |
| 1 year | −8.0% | −10.7% | +14.4% | +15.9% | −1.1% |
| Since inceptionOct 10, 2024 | −61.8% | −64.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: AVS vs SPY
From Oct 10, 2024: AVS grew to $3,818, SPY to $13,495.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
AVS returns by calendar year
0 of 1 full years positive. Best 2025 (−46.0%), worst 2025 (−46.0%). 2026 is year to date.
AVS annual returns table
| Year | AVS | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −3.9% | −40.6% | +12.3% | +15.1% | −1.0% |
| 2025 | −46.0% | −68.6% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
AVS largest drawdowns
Now 65.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 9, 2024 | −75.7% | Jun 2, 2026 | not yet | 1.5 years | 1.9 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
AVS risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | −44.6% |
| Volatility (annualized) | 45.6% |
| Sharpe ratio | -1.10 |
| Sortino ratio | -1.19 |
| Best month | +16.3% |
| Worst month | −34.3% |
| Best 12 months | −19.9% |
| Worst 12 months | −68.9% |
| Positive months | 48% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
AVS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 13 | −68.9% | −46.0% | −1.0% | 0% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
AVS performance overview
Direxion Daily AVGO Bear 1X Shares (AVS) returned −8.0% over the past year, with distributions reinvested. Since its first recorded price on Oct 10, 2024 it has returned −61.8%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −75.7%, from Dec 9, 2024 to Jun 2, 2026; the fund has not yet regained that high. Volatility has been 45.6% a year.
Related: AVS chart, AVS dividends. See the AVS overview for the latest quote and fund facts.
AVS performance FAQ
What is the AVS return over the past year?
AVS returned −8.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 10.7%.
How much would $10,000 invested in AVS be worth?
$10,000 invested in AVS at its first recorded close on October 10, 2024 would be worth about $3,818 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of AVS?
The largest peak-to-trough decline was −75.7% between December 9, 2024 and June 2, 2026. It has not yet recovered to that high; it is 65.9% below its peak.
How volatile is AVS?
Over the past history AVS had an annualized volatility of 45.6% and a Sharpe ratio of -1.10 (excess return over 1–3 month T-bills per unit of risk).