EVAV vs. BSMW

Last updated Jun 5, 2026

EVAV (Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares) and BSMW (Invesco BulletShares 2032 Municipal Bond ETF) are both exchange-traded funds - EVAV is a Leveraged Equities fund tracking the Indxx US Electric and Autonomous Vehicles Index - Benchmark TR Gross (200%), while BSMW is a Municipal Bonds fund tracking the Invesco BulletShares USD Municipal Bond 2032 Index. Both are passively managed. At a 0.05 correlation, their price movements are largely independent. EVAV charges 0.98%/yr vs 0.18%/yr for BSMW.

Performance

EVAV vs. BSMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV) and Invesco BulletShares 2032 Municipal Bond ETF (BSMW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EVAV

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

BSMW

• 1D: -0.02%
• 1M: 0.65%
• YTD: 1.28%
• 6M: 1.64%
• 1Y: 6.54%
• 3Y*: 3.23%
• 5Y*: —
• 10Y*: —

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

EVAV vs. BSMW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EVAV Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares	0.00%	33.87%	-50.31%	-36.32%
BSMW Invesco BulletShares 2032 Municipal Bond ETF	1.28%	3.42%	-0.35%	7.00%

Correlation

The correlation between EVAV and BSMW is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (All Time) Calculated using the full available price history since Mar 2, 2023	0.05

The correlation between EVAV and BSMW shifts across timeframes, from -0.16 (1 year) to 0.07 (3 years), reflecting how their relationship changes across market environments.

EVAV vs. BSMW - Sectors Allocation Comparison

Sectors	EVAV	BSMW
Consumer Cyclical	22.3%	0.3%
Technology	2.7%	0.1%
Industrials	2.6%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	1.7%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

EVAV vs. BSMW — Risk / Return Rank

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

BSMW

BSMW Risk / Return Rank: 64
BSMW Sharpe Ratio Rank: 74
BSMW Sortino Ratio Rank: 76
BSMW Omega Ratio Rank: 81
BSMW Calmar Ratio Rank: 47
BSMW Martin Ratio Rank: 45

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.

EVAV vs. BSMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV) and Invesco BulletShares 2032 Municipal Bond ETF (BSMW). 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.

Sharpe Ratios by Period

	EVAV	BSMW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.69	—

Drawdowns

Drawdown Indicators

	EVAV	BSMW	Difference
Max Drawdown Largest peak-to-trough decline	—	-7.57%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-2.92%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-7.34%	—
Current Drawdown Current decline from peak	—	-1.00%	—
Average Drawdown Average peak-to-trough decline	—	-1.72%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.92%	—

Volatility

Volatility by Period

	EVAV	BSMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.92%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	2.81%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	5.00%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	5.00%	—

EVAV vs. BSMW - Expense Ratio Comparison

EVAV has a 0.98% expense ratio, which is higher than BSMW's 0.18% expense ratio.

Dividends

EVAV vs. BSMW - Dividend Comparison

EVAV's dividend yield for the trailing twelve months is around 0.81%, less than BSMW's 3.20% yield.

Position	TTM	2025	2024	2023	2022
BSMW Invesco BulletShares 2032 Municipal Bond ETF	3.20%	3.24%	3.48%	2.36%	0.00%
EVAV Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares	0.81%	0.97%	2.52%	2.34%	0.51%

Frequently Asked Questions

Can I hold both EVAV and BSMW in my portfolio?

EVAV and BSMW have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EVAV or BSMW?

On fees, BSMW is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EVAV or BSMW?

BSMW is cheaper with a 0.18% expense ratio, compared with 0.98% for EVAV.

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

BSMW has the higher dividend yield at 3.20%, compared with 0.81% for EVAV.

What is the main difference between EVAV and BSMW?

EVAV is categorized as Leveraged Equities, while BSMW is Municipal Bonds. EVAV tracks Indxx US Electric and Autonomous Vehicles Index - Benchmark TR Gross (200%), while BSMW tracks Invesco BulletShares USD Municipal Bond 2032 Index. They also come from different issuers: Direxion and Invesco. Their fees differ too: 0.98% for EVAV and 0.18% for BSMW.