EVAV vs. CLDL

Last updated Jun 4, 2026

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

Performance

EVAV vs. CLDL - 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 Direxion Daily Cloud Computing Bull 2X Shares (CLDL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EVAV

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

CLDL

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

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

EVAV vs. CLDL - Yearly Performance Comparison

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

Correlation

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

EVAV vs. CLDL - Sectors Allocation Comparison

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

Return for Risk

EVAV vs. CLDL - 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 Direxion Daily Cloud Computing Bull 2X Shares (CLDL). 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

EVAV vs. CLDL - Expense Ratio Comparison

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

Dividends

EVAV vs. CLDL - Dividend Comparison

EVAV's dividend yield for the trailing twelve months is around 0.81%, more than CLDL's 0.21% 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 EVAV and CLDL in my portfolio?

EVAV and CLDL 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, EVAV or CLDL?

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, EVAV or CLDL?

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

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

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

What is the main difference between EVAV and CLDL?

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