DRIV vs. IDRV
Compare and contrast key facts about Global X Autonomous & Electric Vehicles ETF (DRIV) and iShares Self-driving EV & Tech ETF (IDRV).
DRIV and IDRV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DRIV is a passively managed fund by Global X that tracks the performance of the Solactive Autonomous & Electric Vehicles Index. It was launched on Apr 13, 2018. IDRV is a passively managed fund by iShares that tracks the performance of the NYSE FactSet Global Autonomous Driving and Electric Vehicle Index. It was launched on Apr 16, 2019. Both DRIV and IDRV 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: DRIV or IDRV.
Performance
DRIV vs. IDRV - Performance Comparison
Returns By Period
In the year-to-date period, DRIV achieves a -4.33% return, which is significantly higher than IDRV's -16.91% return.
DRIV
-4.33%
2.40%
-2.99%
3.81%
11.87%
N/A
IDRV
-16.91%
-1.65%
-1.96%
-10.58%
3.92%
N/A
Key characteristics
| DRIV | IDRV | |
|---|---|---|
| Sharpe Ratio | 0.18 | -0.41 |
| Sortino Ratio | 0.39 | -0.42 |
| Omega Ratio | 1.05 | 0.95 |
| Calmar Ratio | 0.12 | -0.22 |
| Martin Ratio | 0.51 | -0.73 |
| Ulcer Index | 7.68% | 14.99% |
| Daily Std Dev | 22.09% | 26.78% |
| Max Drawdown | -39.24% | -50.37% |
| Current Drawdown | -24.32% | -44.94% |
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DRIV vs. IDRV - Expense Ratio Comparison
DRIV has a 0.68% expense ratio, which is higher than IDRV's 0.47% expense ratio.
Correlation
The correlation between DRIV and IDRV is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
DRIV vs. IDRV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Autonomous & Electric Vehicles ETF (DRIV) and iShares Self-driving EV & Tech ETF (IDRV). 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
DRIV vs. IDRV - Dividend Comparison
DRIV's dividend yield for the trailing twelve months is around 1.74%, less than IDRV's 2.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
DRIV Global X Autonomous & Electric Vehicles ETF | 1.74% | 1.62% | 1.24% | 0.32% | 0.29% | 1.23% | 2.79% |
IDRV iShares Self-driving EV & Tech ETF | 2.54% | 2.17% | 2.29% | 1.12% | 0.69% | 1.29% | 0.00% |
Drawdowns
DRIV vs. IDRV - Drawdown Comparison
The maximum DRIV drawdown since its inception was -39.24%, smaller than the maximum IDRV drawdown of -50.37%. Use the drawdown chart below to compare losses from any high point for DRIV and IDRV. For additional features, visit the drawdowns tool.
Volatility
DRIV vs. IDRV - Volatility Comparison
The current volatility for Global X Autonomous & Electric Vehicles ETF (DRIV) is 5.74%, while iShares Self-driving EV & Tech ETF (IDRV) has a volatility of 8.44%. This indicates that DRIV experiences smaller price fluctuations and is considered to be less risky than IDRV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.