EVAV vs. BSSX

Last updated Jun 4, 2026

EVAV (Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares) and BSSX (Invesco BulletShares 2033 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 BSSX is a Municipal Bonds fund tracking the Invesco BulletShares USD Municipal Bond 2033 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 BSSX.

Performance

EVAV vs. BSSX - 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 2033 Municipal Bond ETF (BSSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EVAV

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

BSSX

• 1D: -0.25%
• 1M: 0.47%
• YTD: 0.90%
• 6M: 1.50%
• 1Y: 6.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EVAV vs. BSSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EVAV Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares	0.00%	33.87%	-50.31%	-23.79%
BSSX Invesco BulletShares 2033 Municipal Bond ETF	0.90%	3.79%	-0.09%	7.50%

Correlation

The correlation between EVAV and BSSX is -0.13, 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	-0.13
Correlation (All Time) Calculated using the full available price history since Sep 21, 2023	0.05

The correlation between EVAV and BSSX shifts across timeframes, from -0.13 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.

EVAV vs. BSSX - Sectors Allocation Comparison

Sectors	EVAV	BSSX
Consumer Cyclical	22.3%	-
Technology	2.7%	-
Industrials	2.6%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	3.1%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

EVAV vs. BSSX — Risk / Return Rank

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

BSSX

BSSX Risk / Return Rank: 59
BSSX Sharpe Ratio Rank: 64
BSSX Sortino Ratio Rank: 69
BSSX Omega Ratio Rank: 74
BSSX Calmar Ratio Rank: 44
BSSX Martin Ratio Rank: 42

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. BSSX - 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 2033 Municipal Bond ETF (BSSX). 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	BSSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.57	—

Drawdowns

Drawdown Indicators

	EVAV	BSSX	Difference
Max Drawdown Largest peak-to-trough decline	—	-8.12%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-3.28%	—
Current Drawdown Current decline from peak	—	-1.12%	—
Average Drawdown Average peak-to-trough decline	—	-3.26%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.05%	—

Volatility

Volatility by Period

	EVAV	BSSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.16%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.38%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	3.36%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	7.83%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	7.83%	—

EVAV vs. BSSX - Expense Ratio Comparison

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

Dividends

EVAV vs. BSSX - Dividend Comparison

EVAV's dividend yield for the trailing twelve months is around 0.81%, less than BSSX's 3.31% yield.

Position	TTM	2025	2024	2023	2022
BSSX Invesco BulletShares 2033 Municipal Bond ETF	3.31%	3.27%	3.29%	0.95%	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 BSSX in my portfolio?

EVAV and BSSX have a correlation of -0.13, 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 BSSX?

On fees, BSSX 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 BSSX?

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

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

BSSX has the higher dividend yield at 3.31%, compared with 0.81% for EVAV.

What is the main difference between EVAV and BSSX?

EVAV is categorized as Leveraged Equities, while BSSX is Municipal Bonds. EVAV tracks Indxx US Electric and Autonomous Vehicles Index - Benchmark TR Gross (200%), while BSSX tracks Invesco BulletShares USD Municipal Bond 2033 Index. They also come from different issuers: Direxion and Invesco. Their fees differ too: 0.98% for EVAV and 0.18% for BSSX.