CLDL vs. EVAV

Last updated Jun 4, 2026

CLDL (Direxion Daily Cloud Computing Bull 2X Shares) and EVAV (Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares) are both Leveraged Equities funds from Direxion. CLDL is actively managed, while EVAV is passively managed. A 0.55 correlation means they provide meaningful diversification when combined. CLDL charges 0.95%/yr vs 0.98%/yr for EVAV.

Performance

CLDL vs. EVAV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Cloud Computing Bull 2X Shares (CLDL) 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

CLDL

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

EVAV

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

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

CLDL vs. EVAV - Yearly Performance Comparison

	2025 (YTD)	2024	2023	2022
CLDL Direxion Daily Cloud Computing Bull 2X Shares	3.74%	25.41%	84.75%	-38.61%
EVAV Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares	33.87%	-50.31%	-22.79%	-75.60%

Correlation

The correlation between CLDL and EVAV is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (All Time) Calculated using the full available price history since Aug 12, 2022	0.55

The correlation between CLDL and EVAV has been stable across timeframes, ranging from 0.45 to 0.55 - a consistent structural relationship.

CLDL vs. EVAV - Sectors Allocation Comparison

Sectors	CLDL	EVAV
Technology	94.5%	2.7%
Healthcare	5.5%	-
Communication Services	1.1%	-
Basic Materials	-	-
Consumer Cyclical	-	22.3%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Industrials	-	2.6%
Real Estate	-	-
Utilities	-	-

Return for Risk

CLDL vs. EVAV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Cloud Computing Bull 2X Shares (CLDL) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

Volatility

CLDL vs. EVAV - Expense Ratio Comparison

CLDL has a 0.95% expense ratio, which is lower than EVAV's 0.98% expense ratio.

Dividends

CLDL vs. EVAV - Dividend Comparison

CLDL's dividend yield for the trailing twelve months is around 0.21%, less than EVAV's 0.81% yield.

Position	TTM	2024	2023	2022	2021
CLDL Direxion Daily Cloud Computing Bull 2X Shares	0.21%	0.00%	0.00%	0.00%	4.78%
EVAV Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares	0.81%	2.52%	2.34%	0.51%	0.00%

Frequently Asked Questions

Can I hold both CLDL and EVAV in my portfolio?

CLDL and EVAV have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CLDL or EVAV?

On fees, CLDL is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CLDL or EVAV?

CLDL is cheaper with a 0.95% expense ratio, compared with 0.98% for EVAV.

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

EVAV has the higher dividend yield at 0.81%, compared with 0.21% for CLDL.

What is the main difference between CLDL and EVAV?

Their fees differ too: 0.95% for CLDL and 0.98% for EVAV.