EVAV vs. CLDL

Last updated Apr 1, 2026

Compare and contrast key facts about Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV) and Direxion Daily Cloud Computing Bull 2X Shares (CLDL).

EVAV and CLDL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EVAV is a passively managed fund by Direxion that tracks the performance of the Indxx US Electric and Autonomous Vehicles Index - Benchmark TR Gross (200%). It was launched on Aug 10, 2022. CLDL is an actively managed fund by Direxion. It was launched on Jan 8, 2021.

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.

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%

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 - Expense Ratio Comparison

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

EVAV

Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares

CLDL

Direxion Daily Cloud Computing Bull 2X Shares

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.

Correlation

The correlation between EVAV and CLDL is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

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.

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

Drawdowns

Volatility