EVAV vs. IPO ETF Comparison

Comparison of Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV) to Renaissance IPO ETF (IPO)

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

$22.73

Average Daily Volume

18,216

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IPO

Renaissance IPO ETF

IPO Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Renaissance IPO Index (the "index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index, the Renaissance IPO Index. The remaining 20% may be used to purchase securities not in the index that are an appropriate substitute for certain securities in the index in order to track the index. The index is comprised of common stocks, American Depositary Receipts ("ADRs"), real estate investment trusts ("REITS") and master limited partnerships ("MLPs"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$42.43

Average Daily Volume

42,489

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EVAV	IPO
30 Days	44.43%	5.12%
60 Days	55.35%	18.48%
90 Days	26.00%	3.66%
12 Months	-54.36%	38.40%

1 Overlapping Holdings

	Symbol	Grade	Weight in EVAV	Weight in IPO	Overlap
	RIVN	F	6.17%	6.83%	6.17%

EVAV Overweight 8 Positions Relative to IPO

Symbol	Grade	Weight
LI	C	7.45%
XPEV	C	6.97%
TSLA	C	6.81%
NIO	C	6.53%
PSNY	D	5.73%
EH	C	4.93%
LCID	F	4.84%
EVGO	B	4.77%

EVAV Underweight 16 Positions Relative to IPO

Symbol	Grade	Weight
NU	D	-10.11%
KVUE	C	-9.95%
ARM	C	-9.79%
CRBG	B	-5.16%
GTLB	D	-4.41%
TPG	A	-3.46%
HCP	A	-3.35%
GFS	F	-2.69%
BRZE	F	-1.5%
BIRK	F	-1.38%
RBRK	D	-1.31%
RDDT	B	-1.19%
INFA	D	-1.16%
FLNC	C	-0.95%
BLCO	C	-0.54%
ZK	C	-0.27%

EVAV: Top Represented Industries & Keywords

Industries: Auto Manufacturers Aerospace & Defense Specialty Retail