DRIV vs. TAN
Compare and contrast key facts about Global X Autonomous & Electric Vehicles ETF (DRIV) and Invesco Solar ETF (TAN).
DRIV and TAN 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. TAN is a passively managed fund by Invesco that tracks the performance of the MAC Global Solar Energy Index. It was launched on Apr 15, 2008. Both DRIV and TAN 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 TAN.
Key characteristics
| DRIV | TAN | |
|---|---|---|
| YTD Return | -7.74% | -24.09% |
| 1Y Return | 3.32% | -47.81% |
| 3Y Return (Ann) | -5.26% | -23.66% |
| 5Y Return (Ann) | 11.30% | 9.83% |
| Sharpe Ratio | 0.17 | -1.28 |
| Daily Std Dev | 21.50% | 37.26% |
| Max Drawdown | -39.24% | -95.29% |
| Current Drawdown | -27.02% | -81.49% |
Correlation
The correlation between DRIV and TAN is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
DRIV vs. TAN - Performance Comparison
In the year-to-date period, DRIV achieves a -7.74% return, which is significantly higher than TAN's -24.09% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DRIV vs. TAN - Expense Ratio Comparison
DRIV has a 0.68% expense ratio, which is lower than TAN's 0.69% expense ratio.
Risk-Adjusted Performance
DRIV vs. TAN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Autonomous & Electric Vehicles ETF (DRIV) and Invesco Solar ETF (TAN). 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. TAN - Dividend Comparison
DRIV's dividend yield for the trailing twelve months is around 1.75%, more than TAN's 0.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRIV Global X Autonomous & Electric Vehicles ETF | 1.75% | 1.62% | 1.24% | 0.32% | 0.29% | 1.23% | 2.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TAN Invesco Solar ETF | 0.12% | 0.09% | 0.00% | 0.00% | 0.09% | 0.29% | 0.69% | 1.77% | 5.04% | 1.60% | 1.88% | 1.28% |
Drawdowns
DRIV vs. TAN - Drawdown Comparison
The maximum DRIV drawdown since its inception was -39.24%, smaller than the maximum TAN drawdown of -95.29%. Use the drawdown chart below to compare losses from any high point for DRIV and TAN. For additional features, visit the drawdowns tool.
Volatility
DRIV vs. TAN - Volatility Comparison
The current volatility for Global X Autonomous & Electric Vehicles ETF (DRIV) is 5.85%, while Invesco Solar ETF (TAN) has a volatility of 10.88%. This indicates that DRIV experiences smaller price fluctuations and is considered to be less risky than TAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.