ECAR.L vs. IEVD.DE
Compare and contrast key facts about iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) (ECAR.L) and iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) (IEVD.DE).
ECAR.L and IEVD.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ECAR.L is a passively managed fund by iShares that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Feb 20, 2019. IEVD.DE is a passively managed fund by iShares that tracks the performance of the STOXX® Global Electric Vehicles & Driving Technology. It was launched on Feb 20, 2019. Both ECAR.L and IEVD.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ECAR.L or IEVD.DE.
Correlation
The correlation between ECAR.L and IEVD.DE is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ECAR.L vs. IEVD.DE - Performance Comparison
Key characteristics
ECAR.L:
0.12
IEVD.DE:
0.26
ECAR.L:
0.31
IEVD.DE:
0.47
ECAR.L:
1.04
IEVD.DE:
1.06
ECAR.L:
0.12
IEVD.DE:
0.28
ECAR.L:
0.31
IEVD.DE:
0.67
ECAR.L:
8.24%
IEVD.DE:
7.40%
ECAR.L:
21.23%
IEVD.DE:
19.06%
ECAR.L:
-42.77%
IEVD.DE:
-42.37%
ECAR.L:
-10.66%
IEVD.DE:
-5.80%
Returns By Period
In the year-to-date period, ECAR.L achieves a 2.16% return, which is significantly higher than IEVD.DE's -0.47% return.
ECAR.L
2.16%
0.17%
4.56%
2.53%
8.49%
N/A
IEVD.DE
-0.47%
-3.44%
7.56%
3.25%
8.65%
N/A
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ECAR.L vs. IEVD.DE - Expense Ratio Comparison
Both ECAR.L and IEVD.DE have an expense ratio of 0.40%.
Risk-Adjusted Performance
ECAR.L vs. IEVD.DE — Risk-Adjusted Performance Rank
ECAR.L
IEVD.DE
ECAR.L vs. IEVD.DE - Risk-Adjusted Performance 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 iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) (IEVD.DE). 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.
Dividends
ECAR.L vs. IEVD.DE - Dividend Comparison
Neither ECAR.L nor IEVD.DE has paid dividends to shareholders.
Drawdowns
ECAR.L vs. IEVD.DE - Drawdown Comparison
The maximum ECAR.L drawdown since its inception was -42.77%, roughly equal to the maximum IEVD.DE drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for ECAR.L and IEVD.DE. For additional features, visit the drawdowns tool.
Volatility
ECAR.L vs. IEVD.DE - Volatility Comparison
iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) (ECAR.L) has a higher volatility of 7.47% compared to iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) (IEVD.DE) at 6.48%. This indicates that ECAR.L's price experiences larger fluctuations and is considered to be riskier than IEVD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.