DRVG.L vs. CLO6.L
DRVG.L (Global X Autonomous & Electric Vehicles UCITS ETF USD Distributing) and CLO6.L (Global X Cloud Computing UCITS ETF) 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, DRVG.L returned 18.40%/yr vs 6.76%/yr for CLO6.L. A 0.60 correlation means they provide meaningful diversification when combined. DRVG.L charges 0.50%/yr vs 0.55%/yr for CLO6.L.
Performance
DRVG.L vs. CLO6.L - Performance Comparison
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Returns By Period
In the year-to-date period, DRVG.L achieves a 42.32% return, which is significantly higher than CLO6.L's 8.89% return.
DRVG.L
- 1D
- -0.48%
- 1M
- 13.93%
- YTD
- 42.32%
- 6M
- 42.97%
- 1Y
- 94.73%
- 3Y*
- 18.40%
- 5Y*
- —
- 10Y*
- —
CLO6.L
- 1D
- -2.29%
- 1M
- 20.46%
- YTD
- 8.89%
- 6M
- 7.55%
- 1Y
- 7.96%
- 3Y*
- 6.76%
- 5Y*
- —
- 10Y*
- —
DRVG.L vs. CLO6.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DRVG.L Global X Autonomous & Electric Vehicles UCITS ETF USD Distributing | 42.32% | 20.43% | -4.12% | 19.60% | -26.53% | -3.79% |
CLO6.L Global X Cloud Computing UCITS ETF | 8.89% | -12.30% | 7.37% | 36.74% | -34.03% | -11.02% |
Correlation
The correlation between DRVG.L and CLO6.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2021 | 0.60 |
Over the past year, the correlation between DRVG.L and CLO6.L has dropped to 0.31 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
DRVG.L vs. CLO6.L — Risk / Return Rank
DRVG.L
CLO6.L
DRVG.L vs. CLO6.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Autonomous & Electric Vehicles UCITS ETF USD Distributing (DRVG.L) and Global X Cloud Computing UCITS ETF (CLO6.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.
| DRVG.L | CLO6.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.91 | ||
| Sortino ratioReturn per unit of downside risk | +4.54 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 1.08 | +0.57 |
| Calmar ratioReturn relative to maximum drawdown | 9.03 | 0.29 | +8.75 |
| Martin ratioReturn relative to average drawdown | 25.73 | 0.67 | +25.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DRVG.L | CLO6.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.19 | 0.28 | +3.91 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | -0.18 | +0.48 |
Drawdowns
DRVG.L vs. CLO6.L - Drawdown Comparison
The maximum DRVG.L drawdown since its inception was -40.24%, smaller than the maximum CLO6.L drawdown of -45.50%. Use the drawdown chart below to compare losses from any high point for DRVG.L and CLO6.L.
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Drawdown Indicators
| DRVG.L | CLO6.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.24% | -45.50% | +5.26% |
Max Drawdown (1Y)Largest decline over 1 year | -10.43% | -27.75% | +17.32% |
Max Drawdown (3Y)Largest decline over 3 years | -34.13% | -37.31% | +3.18% |
Current DrawdownCurrent decline from peak | -0.48% | -21.04% | +20.56% |
Average DrawdownAverage peak-to-trough decline | -17.79% | -31.00% | +13.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 11.88% | -8.21% |
Volatility
DRVG.L vs. CLO6.L - Volatility Comparison
The current volatility for Global X Autonomous & Electric Vehicles UCITS ETF USD Distributing (DRVG.L) is 9.19%, while Global X Cloud Computing UCITS ETF (CLO6.L) has a volatility of 13.28%. This indicates that DRVG.L experiences smaller price fluctuations and is considered to be less risky than CLO6.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRVG.L | CLO6.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.19% | 13.28% | -4.09% |
Volatility (6M)Calculated over the trailing 6-month period | 16.39% | 24.75% | -8.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.54% | 28.14% | -5.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.06% | 28.55% | -3.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.06% | 28.55% | -3.49% |
DRVG.L vs. CLO6.L - Expense Ratio Comparison
DRVG.L has a 0.50% expense ratio, which is lower than CLO6.L's 0.55% expense ratio.
Dividends
DRVG.L vs. CLO6.L - Dividend Comparison
DRVG.L's dividend yield for the trailing twelve months is around 0.43%, while CLO6.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CLO6.L Global X Cloud Computing UCITS ETF | 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
DRVG.L and CLO6.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DRVG.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DRVG.L is cheaper with a 0.50% expense ratio, compared with 0.55% for CLO6.L.
Both ETFs track MSCI World/Information Tech NR USD. Their fees differ too: 0.50% for DRVG.L and 0.55% for CLO6.L.
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