AVS vs BRKD
Direxion Daily AVGO Bear 1X ETF vs Direxion Daily BRKB Bear 1X ETF
Which is better, AVS or BRKD?
BRKD has been ahead.
BRKD has a lower expense ratio. BRKD led over 1Y and the full window.
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 | AVS | BRKD |
|---|---|---|
| Expense Ratio | 1.03% | 1.00%Best |
| AUM | $14M | $1M |
| Dividend Yield | 3.26% | 2.82% |
| Holdings | 16 | 7 |
| Volatility (annualized) | 40.3% | 16.8%Best |
| Max Drawdown | -68.5% | -17.9%Best |
| $10,000 over 1.3 years | $3,639 | $10,083Best |
| Fund Family | Direxion Shares ETF Trust | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Trading-Inverse Equity | Trading-Inverse Equity |
| Inception | Oct 10, 2024 | Dec 11, 2024 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 187 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. AVS has data through Oct 14, 2026 and BRKD through Apr 10, 2026.
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Dec 11, 2024 to Apr 10, 2026 (1.3 years).
Risk: Volatility and Drawdowns
AVS has been the more volatile fund, with annualized monthly volatility of 40.3% compared with 16.8% for BRKD. 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 -68.5% for AVS and -17.9% for BRKD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.32. They move together some of the time, and apart the rest.
Fees and Cost Over Time
AVS charges 1.03% per year while BRKD charges 1.00%. On a $10,000 position that is $103 vs $100 annually, a gap of $3 per year that compounds over a long holding period. On income, AVS currently yields 3.26% against 2.82% for BRKD.
Holdings Overlap
We hold position weights for 3 holdings in AVS and 3 in BRKD, totalling 116.4% and 99.9% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 2 positions appear in both.
The two holdings books were reported 248 days apart, AVS as of Oct 5, 2026 and BRKD as of Jan 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
2 positions in common, counted across the 3 positions we hold weights for in AVS and 3 in BRKD, against full books of 16 and 7.
You are not choosing between two funds in isolation.
Whichever of AVS and BRKD 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, AVS or BRKD?
AVS has an expense ratio of 1.03% while BRKD charges 1.00%. BRKD is the cheaper option, by $3 a year on a $10,000 investment.
Which is riskier, AVS or BRKD?
AVS has been the more volatile fund at 40.3% annualized versus 16.8% for BRKD. Worst drawdown: AVS -68.5% vs BRKD -17.9%.
Should I hold both AVS and BRKD?
AVS and BRKD have a monthly-return correlation of -0.32, 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, AVS or BRKD?
AVS yields 3.26% while BRKD yields 2.82%, so AVS currently pays the higher dividend yield.
Is BRKD better than AVS?
BRKD has a lower expense ratio. BRKD led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.