EVAV vs. COPA ETF Comparison
Comparison of Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV) to Themes Copper Miners ETF (COPA)
EVAV
Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares
EVAV Description
Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares is an exchange traded fund launched by Direxion Investments. The fund is managed by Rafferty Asset Management, LLC. The fund invests in public equity markets of the United States. The fund invests through derivatives and through other funds in stocks of companies operating across diversified sectors. The fund uses derivatives such as swaps and futures to create its portfolio. The fund invests in growth and value stocks of companies across diversified market capitalization. The fund seeks to track twice the daily performance of the Indxx US Electric and Autonomous Vehicles Index. Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares is domiciled in the United States.
Grade (RS Rating)
Last Trade
$18.06
Average Daily Volume
24,411
15
COPA
Themes Copper Miners ETF
COPA Description
COPA invests in companies with substantial exposure to the copper mining industry. It uses a replication strategy, aiming to own the same stocks in the same proportion as its underlying index. The index is comprised of global firms classified under the subthemes copper mining, exploration, refining, and royalties. It is constructed based on revenue exposure as derived from the copper mining industry to identify Purity Leaders and Revenue Leaders. The former is defined as having a thematic exposure score equal to or greater than 30% of their total revenue, while the latter being in the top 5 companies ranked by their thematic revenue dollar amount. Final constituents are weighted based on market-cap, modified by thematic exposure using revenue. Country capping constraints and flooring conditions are also implemented to ensure proper allocation to significant revenue earners. The index is reconstituted and rebalanced quarterly starting in March.Grade (RS Rating)
Last Trade
$26.19
Average Daily Volume
366
4
Performance
Period | EVAV | COPA |
---|---|---|
30 Days | -15.79% | -8.37% |
60 Days | 6.62% | |
90 Days | 15.54% | |
12 Months | -53.71% |
0 Overlapping Holdings
Symbol | Grade | Weight in EVAV | Weight in COPA | Overlap |
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EVAV: Top Represented Industries & Keywords
COPA: Top Represented Industries & Keywords