Correlation
The correlation between EVAV and SGOV is 0.01, 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.
EVAV vs. SGOV
Compare and contrast key facts about Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV) and iShares 0-3 Month Treasury Bond ETF (SGOV).
EVAV and SGOV 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. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020. Both EVAV and SGOV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EVAV or SGOV.
Performance
EVAV vs. SGOV - Performance Comparison
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Key characteristics
EVAV:
0.28
SGOV:
21.63
EVAV:
1.24
SGOV:
474.39
EVAV:
1.14
SGOV:
475.39
EVAV:
0.35
SGOV:
485.71
EVAV:
1.10
SGOV:
7,710.35
EVAV:
30.74%
SGOV:
0.00%
EVAV:
101.31%
SGOV:
0.22%
EVAV:
-95.27%
SGOV:
-0.03%
EVAV:
-91.35%
SGOV:
0.00%
Returns By Period
In the year-to-date period, EVAV achieves a 1.65% return, which is significantly lower than SGOV's 1.75% return.
EVAV
1.65%
35.09%
2.04%
28.01%
N/A
N/A
N/A
SGOV
1.75%
0.35%
2.15%
4.82%
4.55%
2.74%
N/A
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EVAV vs. SGOV - Expense Ratio Comparison
EVAV has a 0.98% expense ratio, which is higher than SGOV's 0.03% expense ratio.
Risk-Adjusted Performance
EVAV vs. SGOV — Risk-Adjusted Performance Rank
EVAV
SGOV
EVAV vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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.
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Dividends
EVAV vs. SGOV - Dividend Comparison
EVAV's dividend yield for the trailing twelve months is around 2.13%, less than SGOV's 4.69% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
EVAV Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares | 2.13% | 2.52% | 2.34% | 0.51% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 4.69% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Drawdowns
EVAV vs. SGOV - Drawdown Comparison
The maximum EVAV drawdown since its inception was -95.27%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for EVAV and SGOV.
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Volatility
EVAV vs. SGOV - Volatility Comparison
Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV) has a higher volatility of 26.69% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that EVAV's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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