DRVE.L vs. DRVG.L

Last updated Jun 4, 2026

DRVE.L (Global X Autonomous & Electric Vehicles UCITS ETF USD Accumulating) and DRVG.L (Global X Autonomous & Electric Vehicles UCITS ETF USD Distributing) are both Technology Equities funds from Global X tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 3 years, DRVE.L returned 22.09%/yr vs 21.42%/yr for DRVG.L. A 0.80 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.

Performance

DRVE.L vs. DRVG.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 Global X Autonomous & Electric Vehicles UCITS ETF USD Distributing (DRVG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

The year-to-date returns for both stocks are quite close, with DRVE.L having a 42.61% return and DRVG.L slightly lower at 41.98%.

DRVE.L

• 1D: -0.78%
• 1M: 12.44%
• YTD: 42.61%
• 6M: 43.87%
• 1Y: 94.06%
• 3Y*: 22.09%
• 5Y*: —
• 10Y*: —

DRVG.L

• 1D: -0.75%
• 1M: 12.73%
• YTD: 41.98%
• 6M: 43.74%
• 1Y: 93.44%
• 3Y*: 21.42%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
DRVE.L Global X Autonomous & Electric Vehicles UCITS ETF USD Accumulating	42.61%	29.05%	-5.06%	27.62%	-34.64%	-1.80%
DRVG.L Global X Autonomous & Electric Vehicles UCITS ETF USD Distributing	41.98%	29.52%	-5.72%	25.91%	-34.38%	-3.51%

Correlation

The correlation between DRVE.L and DRVG.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (All Time) Calculated using the full available price history since Nov 19, 2021	0.80

The correlation between DRVE.L and DRVG.L shifts across timeframes, from 0.80 (all time) to 0.98 (1 year), reflecting how their relationship changes across market environments.

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

Sectors	DRVE.L	DRVG.L
Technology	34.0%	37.7%
Consumer Cyclical	26.8%	25.2%
Industrials	19.4%	18.0%
Basic Materials	14.4%	13.4%
Communication Services	5.4%	5.7%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

DRVE.L vs. DRVG.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: 93
DRVE.L Sharpe Ratio Rank: 95
DRVE.L Sortino Ratio Rank: 93
DRVE.L Omega Ratio Rank: 89
DRVE.L Calmar Ratio Rank: 95
DRVE.L Martin Ratio Rank: 92

DRVG.L

DRVG.L Risk / Return Rank: 95
DRVG.L Sharpe Ratio Rank: 96
DRVG.L Sortino Ratio Rank: 95
DRVG.L Omega Ratio Rank: 93
DRVG.L Calmar Ratio Rank: 96
DRVG.L Martin Ratio Rank: 94

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. DRVG.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 Global X Autonomous & Electric Vehicles UCITS ETF USD Distributing (DRVG.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.

	DRVE.L	DRVG.L	Difference
Sharpe ratio: Return per unit of total volatility	3.84	3.91	-0.07
Sortino ratio: Return per unit of downside risk	4.69	4.82	-0.12
Omega ratio: Gain probability vs. loss probability	1.57	1.59	-0.02
Calmar ratio: Return relative to maximum drawdown	7.76	7.48	+0.28
Martin ratio: Return relative to average drawdown	23.76	23.43	+0.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current DRVE.L Sharpe Ratio is 3.84, which is comparable to the DRVG.L Sharpe Ratio of 3.91. The chart below compares the historical Sharpe Ratios of DRVE.L and DRVG.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.

Sharpe Ratios by Period

	DRVE.L	DRVG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.84	3.91	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.27	0.00

Drawdowns

DRVE.L vs. DRVG.L - Drawdown Comparison

The maximum DRVE.L drawdown since its inception was -41.48%, roughly equal to the maximum DRVG.L drawdown of -42.84%. Use the drawdown chart below to compare losses from any high point for DRVE.L and DRVG.L.

Drawdown Indicators

	DRVE.L	DRVG.L	Difference
Max Drawdown Largest peak-to-trough decline	-41.48%	-42.84%	+1.36%
Max Drawdown (1Y) Largest decline over 1 year	-12.05%	-12.42%	+0.37%
Max Drawdown (3Y) Largest decline over 3 years	-33.23%	-34.61%	+1.38%
Current Drawdown Current decline from peak	-0.78%	-0.75%	-0.03%
Average Drawdown Average peak-to-trough decline	-20.63%	-21.47%	+0.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.94%	3.97%	-0.03%

Volatility

DRVE.L vs. DRVG.L - Volatility Comparison

Global X Autonomous & Electric Vehicles UCITS ETF USD Accumulating (DRVE.L) has a higher volatility of 10.57% compared to Global X Autonomous & Electric Vehicles UCITS ETF USD Distributing (DRVG.L) at 9.37%. This indicates that DRVE.L's price experiences larger fluctuations and is considered to be riskier than DRVG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRVE.L	DRVG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.57%	9.37%	+1.20%
Volatility (6M) Calculated over the trailing 6-month period	18.33%	17.52%	+0.81%
Volatility (1Y) Calculated over the trailing 1-year period	24.39%	23.81%	+0.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.62%	27.23%	+8.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.62%	27.23%	+8.39%

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

Both DRVE.L and DRVG.L have an expense ratio of 0.50%.

Dividends

DRVE.L vs. DRVG.L - Dividend Comparison

DRVE.L has not paid dividends to shareholders, while DRVG.L's dividend yield for the trailing twelve months is around 0.43%.

Position	TTM	2025	2024	2023	2022
DRVE.L Global X Autonomous & Electric Vehicles UCITS ETF USD Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%
DRVG.L Global X Autonomous & Electric Vehicles UCITS ETF USD Distributing	0.43%	0.94%	0.58%	0.01%	0.01%

Frequently Asked Questions

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

With a correlation of 0.98, DRVE.L and DRVG.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

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

Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

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

DRVE.L and DRVG.L have the same expense ratio: 0.50% per year.

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

Both ETFs track MSCI World/Information Tech NR USD.