DRVE.L vs. DGIT.L

Last updated Jun 24, 2026

DRVE.L (Global X Autonomous & Electric Vehicles UCITS ETF USD Accumulating) and DGIT.L (iShares Digitalisation UCITS Acc) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from Global X and iShares respectively. Both are passively managed. Over the past 3 years, DRVE.L returned 17.26%/yr vs 12.63%/yr for DGIT.L. A 0.71 correlation means they provide meaningful diversification when combined. DRVE.L charges 0.50%/yr vs 0.40%/yr for DGIT.L.

Performance

DRVE.L vs. DGIT.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Autonomous & Electric Vehicles UCITS ETF USD Accumulating (DRVE.L) and iShares Digitalisation UCITS Acc (DGIT.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

DRVE.L is traded in USD, while DGIT.L is traded in GBp. To make them comparable, the DGIT.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, DRVE.L achieves a 29.56% return, which is significantly higher than DGIT.L's -3.60% return.

DRVE.L

• 1D: -4.84%
• 1M: -4.61%
• YTD: 29.56%
• 6M: 28.28%
• 1Y: 73.75%
• 3Y*: 17.26%
• 5Y*: —
• 10Y*: —

DGIT.L

• 1D: -0.60%
• 1M: -1.86%
• YTD: -3.60%
• 6M: -3.86%
• 1Y: -6.00%
• 3Y*: 12.63%
• 5Y*: -1.22%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DRVE.L vs. DGIT.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DRVE.L Global X Autonomous & Electric Vehicles UCITS ETF USD Accumulating	29.56%	29.04%	-5.06%	27.62%	-34.01%	-4.17%
DGIT.L iShares Digitalisation UCITS Acc	-3.60%	4.89%	21.96%	32.15%	-36.43%	-7.35%

Correlation

The correlation between DRVE.L and DGIT.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021	0.71

Over the past year, the correlation between DRVE.L and DGIT.L has dropped to 0.49 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.

DRVE.L vs. DGIT.L - Sectors Allocation Comparison

Sectors	DRVE.L	DGIT.L
Technology	37.3%	42.9%
Consumer Cyclical	25.3%	16.0%
Industrials	18.0%	10.1%
Basic Materials	13.7%	-
Communication Services	5.7%	19.6%
Consumer Defensive	-	0.0%
Energy	-	-
Financial Services	-	5.5%
Healthcare	-	0.1%
Real Estate	-	5.8%
Utilities	-	-

Return for Risk

DRVE.L vs. DGIT.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DRVE.L

DRVE.L Risk / Return Rank: 87
DRVE.L Sharpe Ratio Rank: 90
DRVE.L Sortino Ratio Rank: 86
DRVE.L Omega Ratio Rank: 81
DRVE.L Calmar Ratio Rank: 93
DRVE.L Martin Ratio Rank: 87

DGIT.L

DGIT.L Risk / Return Rank: 7
DGIT.L Sharpe Ratio Rank: 7
DGIT.L Sortino Ratio Rank: 6
DGIT.L Omega Ratio Rank: 6
DGIT.L Calmar Ratio Rank: 7
DGIT.L Martin Ratio Rank: 7

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DRVE.L vs. DGIT.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Autonomous & Electric Vehicles UCITS ETF USD Accumulating (DRVE.L) and iShares Digitalisation UCITS Acc (DGIT.L). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DRVE.L	DGIT.L	Difference
Sharpe ratio: Return per unit of total volatility	2.82	-0.34	+3.16
Sortino ratio: Return per unit of downside risk	3.53	-0.37	+3.90
Omega ratio: Gain probability vs. loss probability	1.44	0.96	+0.48
Calmar ratio: Return relative to maximum drawdown	6.09	-0.25	+6.34
Martin ratio: Return relative to average drawdown	17.05	-0.56	+17.61

DRVE.L vs. DGIT.L - Sharpe Ratio Comparison

The current DRVE.L Sharpe Ratio is 2.82, which is higher than the DGIT.L Sharpe Ratio of -0.34. The chart below compares the historical Sharpe Ratios of DRVE.L and DGIT.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DRVE.L vs. DGIT.L - Drawdown Comparison

The maximum DRVE.L drawdown since its inception was -41.48%, smaller than the maximum DGIT.L drawdown of -46.83%. Use the drawdown chart below to compare losses from any high point for DRVE.L and DGIT.L.

Drawdown Indicators

	DRVE.L	DGIT.L	Difference
Max Drawdown Largest peak-to-trough decline	-41.48%	-46.83%	+5.35%
Max Drawdown (1Y) Largest decline over 1 year	-12.04%	-23.91%	+11.87%
Max Drawdown (3Y) Largest decline over 3 years	-33.23%	-23.91%	-9.32%
Max Drawdown (5Y) Largest decline over 5 years	—	-46.83%	—
Current Drawdown Current decline from peak	-9.87%	-11.55%	+1.68%
Average Drawdown Average peak-to-trough decline	-20.71%	-15.39%	-5.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.31%	10.78%	-6.47%

Volatility

DRVE.L vs. DGIT.L - Volatility Comparison

Global X Autonomous & Electric Vehicles UCITS ETF USD Accumulating (DRVE.L) has a higher volatility of 11.20% compared to iShares Digitalisation UCITS Acc (DGIT.L) at 6.23%. This indicates that DRVE.L's price experiences larger fluctuations and is considered to be riskier than DGIT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRVE.L	DGIT.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.20%	6.23%	+4.97%
Volatility (6M) Calculated over the trailing 6-month period	20.80%	14.24%	+6.56%
Volatility (1Y) Calculated over the trailing 1-year period	26.05%	17.42%	+8.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.56%	25.21%	+7.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.56%	23.96%	+8.60%

DRVE.L vs. DGIT.L - Expense Ratio Comparison

DRVE.L has a 0.50% expense ratio, which is higher than DGIT.L's 0.40% expense ratio.

Dividends

DRVE.L vs. DGIT.L - Dividend Comparison

Neither DRVE.L nor DGIT.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DRVE.L and DGIT.L in my portfolio?

DRVE.L and DGIT.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DRVE.L or DGIT.L?

On fees, DGIT.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DRVE.L or DGIT.L?

DGIT.L is cheaper with a 0.40% expense ratio, compared with 0.50% for DRVE.L.

What is the main difference between DRVE.L and DGIT.L?

Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: Global X and iShares. Their fees differ too: 0.50% for DRVE.L and 0.40% for DGIT.L.