EVAV vs. COTG

Last updated Jun 4, 2026

EVAV (Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares) and COTG (Leverage Shares 2X Long COST Daily ETF) are both Leveraged Equities funds. EVAV is passively managed, while COTG is actively managed. At a correlation of -0.01, they often move in opposite directions. EVAV charges 0.98%/yr vs 0.75%/yr for COTG.

Performance

EVAV vs. COTG - 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 Leverage Shares 2X Long COST Daily ETF (COTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EVAV

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

COTG

• 1D: 1.39%
• 1M: -11.21%
• YTD: 17.32%
• 6M: 1.51%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EVAV vs. COTG - Yearly Performance Comparison

	2026 (YTD)	2025
EVAV Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares	0.00%	-6.59%
COTG Leverage Shares 2X Long COST Daily ETF	17.32%	-21.71%

Correlation

The correlation between EVAV and COTG is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 19, 2025	-0.01

Return for Risk

EVAV vs. COTG - 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 Leverage Shares 2X Long COST Daily ETF (COTG). 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	COTG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.28	—

Drawdowns

Drawdown Indicators

	EVAV	COTG	Difference
Max Drawdown Largest peak-to-trough decline	—	-25.69%	—
Current Drawdown Current decline from peak	—	-23.48%	—
Average Drawdown Average peak-to-trough decline	—	-8.35%	—

Volatility

Volatility by Period

	EVAV	COTG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	40.65%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	40.65%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	40.65%	—

EVAV vs. COTG - Expense Ratio Comparison

EVAV has a 0.98% expense ratio, which is higher than COTG's 0.75% expense ratio.

Dividends

EVAV vs. COTG - Dividend Comparison

EVAV's dividend yield for the trailing twelve months is around 0.81%, while COTG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
COTG Leverage Shares 2X Long COST Daily ETF	0.00%	0.00%	0.00%	0.00%	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 COTG in my portfolio?

EVAV and COTG have a correlation of -0.01, 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 COTG?

On fees, COTG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EVAV or COTG?

COTG is cheaper with a 0.75% expense ratio, compared with 0.98% for EVAV.

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

EVAV has the higher dividend yield at 0.81%, compared with 0.00% for COTG.

What is the main difference between EVAV and COTG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.98% for EVAV and 0.75% for COTG.