AVS vs SH
Direxion Daily AVGO Bear 1X ETF vs ProShares Short S&P500
Which is better, AVS or SH?
SH has been ahead.
SH has a lower expense ratio. SH 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 | SH |
|---|---|---|
| Expense Ratio | 1.03% | 0.88%Best |
| AUM | $14M | $964M |
| Dividend Yield | 3.26% | 3.92% |
| Holdings | 16 | 16 |
| YTD Return | -10.04% | -8.49%Best |
| 1Y Return | -14.28% | -10.36%Best |
| 3Y Return (annualized) | - | -13.82% |
| 5Y Return (annualized) | - | -8.55% |
| Volatility (annualized) | 45.5% | 11.7%Best |
| Max Drawdown | -76.6% | -32.9%Best |
| $10,000 over 2 years | $3,575 | $7,944Best |
| Fund Family | Direxion Shares ETF Trust | ProShares |
| Category | Alternative | Alternative |
| Style | Trading-Inverse Equity | Trading-Inverse Equity |
| Inception | Oct 10, 2024 | Jun 19, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Oct 10, 2024 to Oct 14, 2026 (2 years).
AVS vs SH 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 years both funds cover.
AVS vs SH Performance
Direxion Daily AVGO Bear 1X ETF (AVS) is an ETF from Direxion Shares ETF Trust and ProShares Short S&P500 (SH) is an ETF from ProShares. Over the past year AVS returned -14.28% while SH returned -10.36%. Year to date, AVS is down 10.04% versus a loss of 8.49% for SH.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVS has been the more volatile fund, with annualized monthly volatility of 45.5% compared with 11.7% for SH. 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 -76.6% for AVS and -32.9% for SH. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.50. They move together some of the time, and apart the rest.
Fees and Cost Over Time
AVS charges 1.03% per year while SH charges 0.88%. On a $10,000 position that is $103 vs $88 annually, a gap of $15 per year that compounds over a long holding period. On income, AVS currently yields 3.26% against 3.92% for SH.
Holdings Overlap
We hold position weights for 3 holdings in AVS and 1 in SH, totalling 116.4% and 87.7% 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 3 positions we hold weights for in AVS and 1 in SH, against full books of 16 and 16.
You are not choosing between two funds in isolation.
Whichever of AVS and SH 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 SH?
AVS has an expense ratio of 1.03% while SH charges 0.88%. SH is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, AVS or SH?
Over the past year AVS returned -14.28% vs -10.36% for SH, so SH leads on 1-year performance. Over the longest common window we track (2 years), AVS annualized -40.21% vs -10.87% for SH. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AVS or SH?
AVS has been the more volatile fund at 45.5% annualized versus 11.7% for SH. Worst drawdown: AVS -76.6% vs SH -32.9%.
Should I hold both AVS and SH?
AVS and SH have a monthly-return correlation of 0.50, 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 SH?
AVS yields 3.26% while SH yields 3.92%, so SH currently pays the higher dividend yield.
Is SH better than AVS?
SH has a lower expense ratio. SH 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.