EVAV vs. VOO
Compare and contrast key facts about Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV) and Vanguard S&P 500 ETF (VOO).
EVAV and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both EVAV and VOO 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 VOO.
Correlation
The correlation between EVAV and VOO is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
EVAV vs. VOO - Performance Comparison
Key characteristics
EVAV:
-0.01
VOO:
1.98
EVAV:
0.71
VOO:
2.65
EVAV:
1.08
VOO:
1.36
EVAV:
-0.01
VOO:
2.98
EVAV:
-0.02
VOO:
12.44
EVAV:
33.61%
VOO:
2.02%
EVAV:
95.42%
VOO:
12.69%
EVAV:
-94.86%
VOO:
-33.99%
EVAV:
-90.25%
VOO:
0.00%
Returns By Period
In the year-to-date period, EVAV achieves a 14.64% return, which is significantly higher than VOO's 4.06% return.
EVAV
14.64%
0.22%
69.32%
-12.32%
N/A
N/A
VOO
4.06%
2.87%
10.75%
23.12%
14.36%
13.30%
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EVAV vs. VOO - Expense Ratio Comparison
EVAV has a 0.98% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
EVAV vs. VOO — Risk-Adjusted Performance Rank
EVAV
VOO
EVAV vs. VOO - 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 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.
Dividends
EVAV vs. VOO - Dividend Comparison
EVAV's dividend yield for the trailing twelve months is around 2.19%, more than VOO's 1.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVAV Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares | 2.19% | 2.52% | 2.34% | 0.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.20% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
EVAV vs. VOO - Drawdown Comparison
The maximum EVAV drawdown since its inception was -94.86%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for EVAV and VOO. For additional features, visit the drawdowns tool.
Volatility
EVAV vs. VOO - Volatility Comparison
Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV) has a higher volatility of 18.76% compared to Vanguard S&P 500 ETF (VOO) at 3.13%. This indicates that EVAV's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.