ECAR.L vs. FTEK.L

Last updated Jun 5, 2026

ECAR.L (iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc)) and FTEK.L (Invesco KBW NASDAQ Fintech UCITS ETF) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from iShares and Invesco respectively. Both are passively managed. Over the past 5 years, ECAR.L returned 12.46%/yr vs 1.34%/yr for FTEK.L. A 0.68 correlation means they provide meaningful diversification when combined. ECAR.L charges 0.40%/yr vs 0.49%/yr for FTEK.L.

Performance

ECAR.L vs. FTEK.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) (ECAR.L) and Invesco KBW NASDAQ Fintech UCITS ETF (FTEK.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ECAR.L achieves a 57.85% return, which is significantly higher than FTEK.L's -12.71% 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*: —

FTEK.L

• 1D: 3.04%
• 1M: -5.73%
• YTD: -12.71%
• 6M: -12.95%
• 1Y: -13.15%
• 3Y*: 12.08%
• 5Y*: 1.34%
• 10Y*: —

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

ECAR.L vs. FTEK.L - 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%
FTEK.L Invesco KBW NASDAQ Fintech UCITS ETF	-12.71%	-0.53%	33.52%	34.99%	-32.28%	11.05%	24.59%	16.42%

Correlation

The correlation between ECAR.L and FTEK.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since Feb 25, 2019	0.68

Over the past year, the correlation between ECAR.L and FTEK.L has dropped to 0.37 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.

ECAR.L vs. FTEK.L - Sectors Allocation Comparison

Sectors	ECAR.L	FTEK.L
Technology	66.1%	16.7%
Consumer Cyclical	28.6%	-
Industrials	4.8%	32.9%
Basic Materials	0.2%	-
Communication Services	-	1.7%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	48.1%
Healthcare	-	-
Real Estate	-	2.2%
Utilities	-	-

Return for Risk

ECAR.L vs. FTEK.L — Risk / Return Rank

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

ECAR.L

ECAR.L Risk / Return Rank: 92
ECAR.L Sharpe Ratio Rank: 94
ECAR.L Sortino Ratio Rank: 93
ECAR.L Omega Ratio Rank: 89
ECAR.L Calmar Ratio Rank: 94
ECAR.L Martin Ratio Rank: 91

FTEK.L

FTEK.L Risk / Return Rank: 4
FTEK.L Sharpe Ratio Rank: 4
FTEK.L Sortino Ratio Rank: 4
FTEK.L Omega Ratio Rank: 4
FTEK.L Calmar Ratio Rank: 5
FTEK.L Martin Ratio Rank: 4

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.

ECAR.L vs. FTEK.L - 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 Invesco KBW NASDAQ Fintech UCITS ETF (FTEK.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.

	ECAR.L	FTEK.L	Difference
Sharpe ratio: Return per unit of total volatility	3.53	-0.60	+4.13
Sortino ratio: Return per unit of downside risk	4.60	-0.71	+5.31
Omega ratio: Gain probability vs. loss probability	1.55	0.91	+0.64
Calmar ratio: Return relative to maximum drawdown	7.02	-0.52	+7.54
Martin ratio: Return relative to average drawdown	21.74	-1.03	+22.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ECAR.L vs. FTEK.L - Sharpe Ratio Comparison

The current ECAR.L Sharpe Ratio is 3.53, which is higher than the FTEK.L Sharpe Ratio of -0.60. The chart below compares the historical Sharpe Ratios of ECAR.L and FTEK.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

	ECAR.L	FTEK.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.53	-0.60	+4.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.06	+0.45
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.46	+0.16

Drawdowns

ECAR.L vs. FTEK.L - Drawdown Comparison

The maximum ECAR.L drawdown since its inception was -42.77%, which is greater than FTEK.L's maximum drawdown of -39.74%. Use the drawdown chart below to compare losses from any high point for ECAR.L and FTEK.L.

Drawdown Indicators

	ECAR.L	FTEK.L	Difference
Max Drawdown Largest peak-to-trough decline	-42.77%	-39.74%	-3.03%
Max Drawdown (1Y) Largest decline over 1 year	-13.03%	-25.27%	+12.24%
Max Drawdown (3Y) Largest decline over 3 years	-29.34%	-25.27%	-4.07%
Max Drawdown (5Y) Largest decline over 5 years	-36.21%	-38.26%	+2.05%
Current Drawdown Current decline from peak	-1.93%	-20.54%	+18.61%
Average Drawdown Average peak-to-trough decline	-11.56%	-10.37%	-1.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.21%	12.76%	-8.55%

Volatility

ECAR.L vs. FTEK.L - Volatility Comparison

iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) (ECAR.L) has a higher volatility of 12.68% compared to Invesco KBW NASDAQ Fintech UCITS ETF (FTEK.L) at 8.44%. This indicates that ECAR.L's price experiences larger fluctuations and is considered to be riskier than FTEK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ECAR.L	FTEK.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.68%	8.44%	+4.24%
Volatility (6M) Calculated over the trailing 6-month period	21.36%	18.19%	+3.17%
Volatility (1Y) Calculated over the trailing 1-year period	25.91%	21.83%	+4.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.72%	23.33%	+1.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.69%	22.15%	+3.54%

ECAR.L vs. FTEK.L - Expense Ratio Comparison

ECAR.L has a 0.40% expense ratio, which is lower than FTEK.L's 0.49% expense ratio.

Dividends

ECAR.L vs. FTEK.L - Dividend Comparison

Neither ECAR.L nor FTEK.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ECAR.L and FTEK.L in my portfolio?

ECAR.L and FTEK.L have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ECAR.L or FTEK.L?

On fees, ECAR.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, ECAR.L or FTEK.L?

ECAR.L is cheaper with a 0.40% expense ratio, compared with 0.49% for FTEK.L.

What is the main difference between ECAR.L and FTEK.L?

Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.40% for ECAR.L and 0.49% for FTEK.L.