EVAV vs. NUGT

Last updated Apr 1, 2026

Compare and contrast key facts about Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV) and Direxion Daily Gold Miners Bull 2X Shares (NUGT).

EVAV and NUGT 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. NUGT is a passively managed fund by Direxion that tracks the performance of the NYSE Arca Gold Miners Index (300%). It was launched on Apr 1, 2020. Both EVAV and NUGT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

EVAV vs. NUGT - 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 Gold Miners Bull 2X Shares (NUGT). The values are adjusted to include any dividend payments, if applicable.

EVAV vs. NUGT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EVAV Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares	0.00%	33.87%	-50.31%	-22.79%	-75.60%
NUGT Direxion Daily Gold Miners Bull 2X Shares	2.59%	425.05%	2.89%	2.60%	8.82%

Returns By Period

EVAV

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

NUGT

• 1D: 14.02%
• 1M: -39.84%
• YTD: 2.59%
• 6M: 22.25%
• 1Y: 204.10%
• 3Y*: 67.13%
• 5Y*: 27.67%
• 10Y*: -1.76%

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

EVAV vs. NUGT - Expense Ratio Comparison

EVAV has a 0.98% expense ratio, which is lower than NUGT's 1.23% expense ratio.

NUGT

Direxion Daily Gold Miners Bull 2X Shares

EVAV

Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares

Return for Risk

EVAV vs. NUGT — Risk / Return Rank

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

NUGT

NUGT Risk / Return Rank: 91
NUGT Sharpe Ratio Rank: 94
NUGT Sortino Ratio Rank: 88
NUGT Omega Ratio Rank: 87
NUGT Calmar Ratio Rank: 95
NUGT Martin Ratio Rank: 92

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. NUGT - 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 Gold Miners Bull 2X Shares (NUGT). 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	NUGT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.25	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.39	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.33	—

Correlation

The correlation between EVAV and NUGT is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

EVAV vs. NUGT - Dividend Comparison

EVAV's dividend yield for the trailing twelve months is around 0.81%, more than NUGT's 0.29% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EVAV Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares	0.81%	0.97%	2.52%	2.34%	0.51%	0.00%	0.00%	0.00%	0.00%
NUGT Direxion Daily Gold Miners Bull 2X Shares	0.29%	0.22%	1.79%	1.67%	0.70%	0.00%	0.00%	0.63%	0.57%

Drawdowns

Drawdown Indicators

	EVAV	NUGT	Difference
Max Drawdown Largest peak-to-trough decline	—	-99.97%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-53.58%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-73.79%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-96.91%	—
Current Drawdown Current decline from peak	—	-99.76%	—
Average Drawdown Average peak-to-trough decline	—	-91.43%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.61%	—

Volatility

Volatility by Period

	EVAV	NUGT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	36.87%	—
Volatility (6M) Calculated over the trailing 6-month period	—	77.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	91.23%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	70.70%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	89.95%	—