BATT vs. EVAV

Last updated Jun 4, 2026

BATT (Amplify Lithium & Battery Technology ETF) and EVAV (Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares) are both exchange-traded funds - BATT is a Commodity Producers Equities fund actively managed by Amplify, while EVAV is a Leveraged Equities fund tracking the Indxx US Electric and Autonomous Vehicles Index - Benchmark TR Gross (200%). BATT is actively managed, while EVAV is passively managed. A 0.69 correlation means they provide meaningful diversification when combined. BATT charges 0.59%/yr vs 0.98%/yr for EVAV.

Performance

BATT vs. EVAV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Lithium & Battery Technology ETF (BATT) and Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BATT

• 1D: -1.64%
• 1M: 4.50%
• YTD: 26.16%
• 6M: 29.61%
• 1Y: 103.56%
• 3Y*: 14.36%
• 5Y*: 3.45%
• 10Y*: —

EVAV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BATT vs. EVAV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BATT Amplify Lithium & Battery Technology ETF	26.16%	59.70%	-13.93%	-7.05%	-23.01%
EVAV Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares	0.00%	33.87%	-50.31%	-22.79%	-75.60%

Correlation

The correlation between BATT and EVAV is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (All Time) Calculated using the full available price history since Aug 12, 2022	0.69

Over the past year, the correlation between BATT and EVAV has dropped to 0.41 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

BATT vs. EVAV - Sectors Allocation Comparison

Sectors	BATT	EVAV
Basic Materials	57.0%	-
Consumer Cyclical	18.9%	22.3%
Industrials	16.9%	2.6%
Technology	5.6%	2.7%
Communication Services	0.0%	-
Financial Services	0.0%	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

BATT vs. EVAV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BATT

BATT Risk / Return Rank: 87
BATT Sharpe Ratio Rank: 92
BATT Sortino Ratio Rank: 81
BATT Omega Ratio Rank: 82
BATT Calmar Ratio Rank: 92
BATT Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BATT vs. EVAV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Lithium & Battery Technology ETF (BATT) and Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BATT	EVAV	Difference
Sharpe ratio: Return per unit of total volatility	3.38	—	—
Sortino ratio: Return per unit of downside risk	3.69	—	—
Omega ratio: Gain probability vs. loss probability	1.50	—	—
Calmar ratio: Return relative to maximum drawdown	6.12	—	—
Martin ratio: Return relative to average drawdown	22.20	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BATT	EVAV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.38	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	—	—

Drawdowns

Drawdown Indicators

	BATT	EVAV	Difference
Max Drawdown Largest peak-to-trough decline	-69.38%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-17.03%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-47.65%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-61.98%	—	—
Current Drawdown Current decline from peak	-3.44%	—	—
Average Drawdown Average peak-to-trough decline	-34.78%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.68%	—	—

Volatility

Volatility by Period

	BATT	EVAV	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	24.67%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	30.80%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.57%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.60%	—	—

BATT vs. EVAV - Expense Ratio Comparison

BATT has a 0.59% expense ratio, which is lower than EVAV's 0.98% expense ratio.

Dividends

BATT vs. EVAV - Dividend Comparison

BATT's dividend yield for the trailing twelve months is around 1.47%, more than EVAV's 0.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BATT Amplify Lithium & Battery Technology ETF	1.47%	1.85%	3.17%	3.23%	4.14%	2.32%	0.21%	3.22%	0.89%
EVAV Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares	0.81%	0.97%	2.52%	2.34%	0.51%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BATT and EVAV in my portfolio?

BATT and EVAV have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BATT or EVAV?

On fees, BATT is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BATT or EVAV?

BATT is cheaper with a 0.59% expense ratio, compared with 0.98% for EVAV.

Which ETF pays a higher dividend yield, BATT or EVAV?

BATT has the higher dividend yield at 1.47%, compared with 0.81% for EVAV.

What is the main difference between BATT and EVAV?

BATT is categorized as Commodity Producers Equities, while EVAV is Leveraged Equities. They also come from different issuers: Amplify and Direxion. Their fees differ too: 0.59% for BATT and 0.98% for EVAV.