IVES vs. EVAV

Last updated Jun 4, 2026

IVES (Dan IVES Wedbush AI Revolution ETF) and EVAV (Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares) are both exchange-traded funds - IVES is a Technology Equities fund tracking the Solactive Wedbush Artificial Intelligence Index, while EVAV is a Leveraged Equities fund tracking the Indxx US Electric and Autonomous Vehicles Index - Benchmark TR Gross (200%). Both are passively managed. At a 0.31 correlation, their price movements are largely independent. IVES charges 0.75%/yr vs 0.98%/yr for EVAV.

Performance

IVES vs. EVAV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dan IVES Wedbush AI Revolution ETF (IVES) and Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IVES

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

EVAV

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

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

IVES vs. EVAV - Yearly Performance Comparison

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

Correlation

The correlation between IVES and EVAV 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

IVES vs. EVAV - Sectors Allocation Comparison

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

Return for Risk

IVES vs. EVAV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dan IVES Wedbush AI Revolution ETF (IVES) and Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV). 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

	IVES	EVAV	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.32	—	—

Drawdowns

Drawdown Indicators

	IVES	EVAV	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

	IVES	EVAV	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%	—	—

IVES vs. EVAV - Expense Ratio Comparison

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

Dividends

IVES vs. EVAV - Dividend Comparison

IVES's dividend yield for the trailing twelve months is around 0.33%, less than EVAV's 0.81% 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 IVES and EVAV in my portfolio?

IVES and EVAV 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, IVES or EVAV?

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, IVES or EVAV?

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

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

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

What is the main difference between IVES and EVAV?

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