ECAR.L vs. ^GSPC
ECAR.L (iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc)) is Technology Equities fund tracking the MSCI World/Information Tech NR USD, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, ECAR.L returned 10.79%/yr vs 11.44%/yr for ^GSPC. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
ECAR.L vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, ECAR.L achieves a 45.44% return, which is significantly higher than ^GSPC's 7.48% return.
ECAR.L
- 1D
- 0.00%
- 1M
- -4.99%
- YTD
- 45.44%
- 6M
- 44.97%
- 1Y
- 71.04%
- 3Y*
- 23.07%
- 5Y*
- 10.79%
- 10Y*
- —
^GSPC
- 1D
- -0.01%
- 1M
- -2.15%
- YTD
- 7.48%
- 6M
- 6.14%
- 1Y
- 20.77%
- 3Y*
- 19.34%
- 5Y*
- 11.44%
- 10Y*
- 13.91%
ECAR.L vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ECAR.L iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) | 45.44% | 24.27% | -0.92% | 27.13% | -27.28% | 16.16% | 33.68% | 6.58% |
^GSPC S&P 500 Index | 7.48% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 16.23% |
Correlation
The correlation between ECAR.L and ^GSPC is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.52 |
The correlation between ECAR.L and ^GSPC has been stable across timeframes, ranging from 0.49 to 0.58 - a consistent structural relationship.
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Return for Risk
ECAR.L vs. ^GSPC — Risk / Return Rank
ECAR.L
^GSPC
ECAR.L vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) (ECAR.L) and S&P 500 Index (^GSPC). 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.
| ECAR.L | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.30 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 5.43 | 2.29 | +3.13 |
| Martin ratioReturn relative to average drawdown | 15.54 | 10.09 | +5.46 |
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Drawdowns
ECAR.L vs. ^GSPC - Drawdown Comparison
The maximum ECAR.L drawdown since its inception was -42.77%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ECAR.L and ^GSPC.
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Drawdown Indicators
| ECAR.L | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.77% | -56.78% | +14.01% |
Max Drawdown (1Y)Largest decline over 1 year | -13.02% | -9.10% | -3.92% |
Max Drawdown (3Y)Largest decline over 3 years | -29.31% | -18.90% | -10.41% |
Max Drawdown (5Y)Largest decline over 5 years | -36.21% | -25.43% | -10.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -9.63% | -3.32% | -6.31% |
Average DrawdownAverage peak-to-trough decline | -11.50% | -10.71% | -0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 2.06% | +2.50% |
Volatility
ECAR.L vs. ^GSPC - Volatility Comparison
iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) (ECAR.L) has a higher volatility of 12.19% compared to S&P 500 Index (^GSPC) at 4.82%. This indicates that ECAR.L's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ECAR.L | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.19% | 4.82% | +7.37% |
Volatility (6M)Calculated over the trailing 6-month period | 23.91% | 9.88% | +14.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.84% | 12.50% | +15.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.22% | 17.00% | +8.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.91% | 18.07% | +7.84% |
Frequently Asked Questions
ECAR.L and ^GSPC have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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