EVAV vs. IVES

Last updated Jun 4, 2026

EVAV (Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares) and IVES (Dan IVES Wedbush AI Revolution 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 IVES is a Technology Equities fund tracking the Solactive Wedbush Artificial Intelligence Index. Both are passively managed. At a 0.31 correlation, their price movements are largely independent. EVAV charges 0.98%/yr vs 0.75%/yr for IVES.

Performance

EVAV vs. IVES - 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 Dan IVES Wedbush AI Revolution ETF (IVES). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EVAV

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

IVES

• 1D: -2.92%
• 1M: 18.28%
• YTD: 27.14%
• 6M: 24.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EVAV vs. IVES - Yearly Performance Comparison

	2026 (YTD)	2025
EVAV Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares	0.00%	42.22%
IVES Dan IVES Wedbush AI Revolution ETF	27.14%	25.06%

Correlation

The correlation between EVAV and IVES is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	0.31

EVAV vs. IVES - Sectors Allocation Comparison

Sectors	EVAV	IVES
Consumer Cyclical	22.3%	12.9%
Technology	2.7%	67.8%
Industrials	2.6%	4.3%
Basic Materials	-	-
Communication Services	-	11.8%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	1.7%
Healthcare	-	-
Real Estate	-	-
Utilities	-	1.7%

Return for Risk

EVAV vs. IVES - 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 Dan IVES Wedbush AI Revolution ETF (IVES). 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	IVES	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	2.32	—

Drawdowns

Drawdown Indicators

	EVAV	IVES	Difference
Max Drawdown Largest peak-to-trough decline	—	-22.64%	—
Current Drawdown Current decline from peak	—	-3.69%	—
Average Drawdown Average peak-to-trough decline	—	-5.63%	—

Volatility

Volatility by Period

	EVAV	IVES	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	25.77%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	25.77%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	25.77%	—

EVAV vs. IVES - Expense Ratio Comparison

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

Dividends

EVAV vs. IVES - Dividend Comparison

EVAV's dividend yield for the trailing twelve months is around 0.81%, more than IVES's 0.33% yield.

Position	TTM	2025	2024	2023	2022
EVAV Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares	0.81%	0.97%	2.52%	2.34%	0.51%
IVES Dan IVES Wedbush AI Revolution ETF	0.33%	0.41%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EVAV and IVES in my portfolio?

EVAV and IVES have a correlation of 0.31, 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 IVES?

On fees, IVES 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 IVES?

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

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

EVAV has the higher dividend yield at 0.81%, compared with 0.33% for IVES.

What is the main difference between EVAV and IVES?

EVAV is categorized as Leveraged Equities, while IVES is Technology Equities. EVAV tracks Indxx US Electric and Autonomous Vehicles Index - Benchmark TR Gross (200%), while IVES tracks Solactive Wedbush Artificial Intelligence Index. They also come from different issuers: Direxion and Wedbush. Their fees differ too: 0.98% for EVAV and 0.75% for IVES.