EVAV vs. VOO

Last updated Jun 4, 2026

EVAV (Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares) and VOO (Vanguard S&P 500 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 VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. A 0.53 correlation means they provide meaningful diversification when combined. EVAV charges 0.98%/yr vs 0.03%/yr for VOO.

Performance

EVAV vs. VOO - 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 Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EVAV

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

VOO

• 1D: -0.70%
• 1M: 5.04%
• YTD: 10.91%
• 6M: 10.93%
• 1Y: 28.04%
• 3Y*: 22.44%
• 5Y*: 13.90%
• 10Y*: 15.56%

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

EVAV vs. VOO - 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%
VOO Vanguard S&P 500 ETF	10.91%	17.82%	24.98%	26.32%	-8.16%

Correlation

The correlation between EVAV and VOO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (All Time) Calculated using the full available price history since Aug 12, 2022	0.53

Over the past year, the correlation between EVAV and VOO has dropped to 0.25 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.

EVAV vs. VOO - Sectors Allocation Comparison

Sectors	EVAV	VOO
Consumer Cyclical	22.3%	10.2%
Technology	2.7%	35.7%
Industrials	2.6%	8.3%
Basic Materials	-	1.8%
Communication Services	-	11.3%
Consumer Defensive	-	4.9%
Energy	-	3.5%
Financial Services	-	11.6%
Healthcare	-	8.5%
Real Estate	-	1.9%
Utilities	-	2.4%

Return for Risk

EVAV vs. VOO — Risk / Return Rank

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

VOO

VOO Risk / Return Rank: 70
VOO Sharpe Ratio Rank: 71
VOO Sortino Ratio Rank: 70
VOO Omega Ratio Rank: 70
VOO Calmar Ratio Rank: 62
VOO Martin Ratio Rank: 75

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. VOO - 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 Vanguard S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.39	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.83	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.89	—

Drawdowns

Drawdown Indicators

	EVAV	VOO	Difference
Max Drawdown Largest peak-to-trough decline	—	-33.99%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.90%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.69%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.52%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	—	-0.70%	—
Average Drawdown Average peak-to-trough decline	—	-3.69%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.91%	—

Volatility

Volatility by Period

	EVAV	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.90%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	11.80%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.81%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	18.01%	—

EVAV vs. VOO - Expense Ratio Comparison

EVAV has a 0.98% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

EVAV vs. VOO - Dividend Comparison

EVAV's dividend yield for the trailing twelve months is around 0.81%, less than VOO's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.03%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both EVAV and VOO in my portfolio?

EVAV and VOO have a correlation of 0.25, 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 VOO?

On fees, VOO is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EVAV or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.98% for EVAV.

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

VOO has the higher dividend yield at 1.03%, compared with 0.81% for EVAV.

What is the main difference between EVAV and VOO?

EVAV is categorized as Leveraged Equities, while VOO is S&P 500. EVAV tracks Indxx US Electric and Autonomous Vehicles Index - Benchmark TR Gross (200%), while VOO tracks S&P 500 Index. They also come from different issuers: Direxion and Vanguard. Their fees differ too: 0.98% for EVAV and 0.03% for VOO.