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 12.46%/yr vs 12.39%/yr for ^GSPC. A 0.51 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 57.85% return, which is significantly higher than ^GSPC's 10.79% return.
ECAR.L
- 1D
- -1.93%
- 1M
- 20.58%
- YTD
- 57.85%
- 6M
- 59.03%
- 1Y
- 91.94%
- 3Y*
- 27.13%
- 5Y*
- 12.46%
- 10Y*
- —
^GSPC
- 1D
- 0.41%
- 1M
- 4.48%
- YTD
- 10.79%
- 6M
- 10.60%
- 1Y
- 27.02%
- 3Y*
- 21.07%
- 5Y*
- 12.39%
- 10Y*
- 13.65%
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) | 57.85% | 24.33% | -0.93% | 27.09% | -27.28% | 16.16% | 33.68% | 5.26% |
^GSPC S&P 500 Index | 10.79% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 15.69% |
Correlation
The correlation between ECAR.L and ^GSPC is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2019 | 0.51 |
The correlation between ECAR.L and ^GSPC has been stable across timeframes, ranging from 0.48 to 0.56 - 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.
| ECAR.L | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.41 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 7.02 | 2.98 | +4.04 |
| Martin ratioReturn relative to average drawdown | 21.74 | 13.78 | +7.96 |
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
| ECAR.L | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.53 | 2.28 | +1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.74 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.47 | +0.15 |
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 | -13.03% | -9.10% | -3.93% |
Max Drawdown (3Y)Largest decline over 3 years | -29.34% | -18.90% | -10.44% |
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 | -1.93% | -0.33% | -1.60% |
Average DrawdownAverage peak-to-trough decline | -11.56% | -10.72% | -0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.21% | 1.97% | +2.24% |
Volatility
ECAR.L vs. ^GSPC - Volatility Comparison
iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) (ECAR.L) has a higher volatility of 12.68% compared to S&P 500 Index (^GSPC) at 2.88%. 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 | 12.68% | 2.88% | +9.80% |
Volatility (6M)Calculated over the trailing 6-month period | 21.36% | 9.00% | +12.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.91% | 11.89% | +14.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.72% | 16.90% | +7.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.69% | 18.06% | +7.63% |
Frequently Asked Questions
ECAR.L and ^GSPC have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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