Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares
Snapshot*
Top 10 Holdings
What is EVAV?
The Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares seeks daily investment results before fees and expenses of 200 of the performance of the Indxx US Electric and Autonomous Vehicles Index The Indxx US Electric and Autonomous Vehicles Index IUEAV is designed to track the performance of electric and autonomous vehicles companies The Index Provider defines electric and autonomous vehicles companies as those companies that derive at least 50 of their revenues from the following activities or subthemes: Manufacturers companies that manufacture and sell electric or autonomous vehicles Enablers companies that build infrastructure or create technology for electric or autonomous vehicles such as charging docks and batteries and Software and Technology Services companies that engage in the development of software and technology for electric or autonomous vehicles.
EVAVPerformance Measures**
for the time period Dec 5, 2024 to Dec 4, 2025
1M Trailing Return: —
The percent change in the value over the most recent 1-month period.
3M Trailing Return: 64282.9%
The percent change in the value over the most recent 3-month period.
Max Drawdown: -63.2%
The greatest percent loss from peak to trough in value over the time period.
Standard Deviation: 55116.7%
The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.
Sharpe Ratio: 1.01
The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.
Calmar Ratio: 1271.00
The annualized return divided by the max drawdown for the selected time period.
ETFs related toEVAV
ETFs correlated to EVAV include IDRV, PBW, ARKK
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
FAQ
Disclaimers
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.