Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
Upturn AI SWOT - About
Direxion Shares ETF Trust - Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
04/01/2025: EVAV (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type ETF | Historic Profit -33.5% | Avg. Invested days 23 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Volume (30-day avg) 5956 | Beta - | 52 Weeks Range 12.98 - 39.35 | Updated Date 04/1/2025 |
52 Weeks Range 12.98 - 39.35 | Updated Date 04/1/2025 |
Upturn AI SWOT
Direxion Shares ETF Trust - Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares
ETF Overview
Overview
The Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (KARS) seeks daily investment results, before fees and expenses, of 200% of the performance of the S&P Kensho Electric Vehicles Index. It focuses on the electric and autonomous vehicle sector, aiming for leveraged returns.
Reputation and Reliability
Direxion is a well-known issuer of leveraged and inverse ETFs, with a history of providing various specialized investment products.
Management Expertise
Direxion has experience managing leveraged ETFs, which require sophisticated risk management and trading strategies.
Investment Objective
Goal
To seek daily investment results, before fees and expenses, of 200% of the performance of the S&P Kensho Electric Vehicles Index.
Investment Approach and Strategy
Strategy: The ETF employs a leveraged strategy to amplify the daily returns of the underlying index.
Composition The ETF holds financial instruments, such as swaps and futures, to achieve its 2x leveraged exposure to the S&P Kensho Electric Vehicles Index, which comprises companies involved in the electric and autonomous vehicle industries.
Market Position
Market Share: Due to the leveraged nature and specific niche, KARS holds a small market share within the broader thematic ETF landscape.
Total Net Assets (AUM): 23540000
Competitors
Key Competitors
- IDRV
- HAIL
Competitive Landscape
The competitive landscape includes other ETFs focused on electric and autonomous vehicles, but KARS stands out due to its 2x leveraged strategy. This leverage can lead to higher potential returns but also significantly higher risk. Competitors like IDRV offer non-leveraged exposure, which may be more suitable for risk-averse investors.
Financial Performance
Historical Performance: Historical performance is highly volatile due to the leveraged nature of the ETF. Past performance is not indicative of future results.
Benchmark Comparison: The ETF aims to achieve 200% of the daily performance of its benchmark index, but deviations may occur due to fees, expenses, and tracking error.
Expense Ratio: 0.95
Liquidity
Average Trading Volume
The average trading volume of KARS suggests moderate liquidity, which can impact trading costs and execution.
Bid-Ask Spread
The bid-ask spread can fluctuate depending on market conditions and trading volume, potentially affecting short-term trading profitability.
Market Dynamics
Market Environment Factors
The ETF's performance is affected by factors such as government regulations, technological advancements, consumer demand, and the overall economic outlook for the electric and autonomous vehicle industries.
Growth Trajectory
The ETF's growth trajectory depends on the sustained growth and adoption of electric and autonomous vehicle technologies, as well as the ability of the ETF to accurately track its leveraged benchmark.
Moat and Competitive Advantages
Competitive Edge
KARS's primary competitive advantage is its 2x leveraged exposure, attracting investors seeking amplified returns on the electric and autonomous vehicle sector. This leverage, however, also magnifies losses, making it a higher-risk investment. Unlike unleveraged competitors, KARS offers the potential for outsized gains in rapidly rising markets. However, KARS is designed for short-term trading and not buy-and-hold investment strategies due to the effects of compounding and potential for significant losses.
Risk Analysis
Volatility
The ETF exhibits high volatility due to its leveraged nature, making it susceptible to significant price swings.
Market Risk
Market risk is significant, as the ETF's performance is tied to the performance of the electric and autonomous vehicle sector, which can be influenced by various factors.
Investor Profile
Ideal Investor Profile
The ideal investor is a sophisticated trader with a high-risk tolerance, a short-term investment horizon, and a strong understanding of leveraged ETFs.
Market Risk
KARS is best suited for active traders seeking short-term gains, not long-term investors or passive index followers.
Summary
The Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (KARS) offers leveraged exposure to the electric and autonomous vehicle sector, aiming for 200% of the daily performance of its benchmark. While it presents opportunities for high returns, it also carries significant risks due to its leveraged nature. It's designed for short-term, active trading strategies by investors who are prepared to potentially lose a significant part of their investment. Its high volatility makes it unsuitable for risk-averse or long-term investors.
Similar Companies
- IDRV
- HAIL
- ECAR
- VCLN
- ACES
Sources and Disclaimers
Data Sources:
- Direxion
- S&P Kensho
- ETF.com
- Bloomberg
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Investing in ETFs involves risk, including the potential loss of principal. Leveraged ETFs are not suitable for all investors. Consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Direxion Shares ETF Trust - Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The index is designed to track the performance of electric and autonomous vehicles companies. The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index, that, in combination, provide 2X daily leveraged exposure to the index, consistent with the fund's investment objective. It is non-diversified.
Upturn is now on iOS and Android!
Experience Upturn on your mobile. Install it now!
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.