ECAR.L vs. KROP.L
ECAR.L (iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc)) and KROP.L (Global X AgTech & Food Innovation UCITS ETF USD Acc) are both Technology Equities funds - ECAR.L tracks the MSCI World/Information Tech NR USD while KROP.L tracks the Global X AgTech & Food Innovation UCITS ETF USD Acc. Both are passively managed. Over the past 3 years, ECAR.L returned 17.50%/yr vs -1.04%/yr for KROP.L. A 0.56 correlation means they provide meaningful diversification when combined. ECAR.L charges 0.40%/yr vs 0.50%/yr for KROP.L.
Performance
ECAR.L vs. KROP.L - Performance Comparison
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Returns By Period
In the year-to-date period, ECAR.L achieves a 38.96% return, which is significantly higher than KROP.L's 14.16% return.
ECAR.L
- 1D
- -1.21%
- 1M
- -11.13%
- 6M
- 34.95%
- YTD
- 38.96%
- 1Y
- 56.58%
- 3Y*
- 17.50%
- 5Y*
- 10.77%
- 10Y*
- —
KROP.L
- 1D
- 0.00%
- 1M
- 1.11%
- 6M
- 6.61%
- YTD
- 14.16%
- 1Y
- 9.77%
- 3Y*
- -1.04%
- 5Y*
- —
- 10Y*
- —
ECAR.L vs. KROP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ECAR.L iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) | 38.96% | 24.27% | -0.92% | 27.13% | -21.19% |
KROP.L Global X AgTech & Food Innovation UCITS ETF USD Acc | 14.16% | 7.62% | -8.33% | -22.51% | -24.21% |
Correlation
The correlation between ECAR.L and KROP.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 | 0.48 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022 | 0.56 |
The correlation between ECAR.L and KROP.L shifts across timeframes, from 0.37 (1 year) to 0.56 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ECAR.L vs. KROP.L — Risk / Return Rank
ECAR.L
KROP.L
ECAR.L vs. KROP.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 Global X AgTech & Food Innovation UCITS ETF USD Acc (KROP.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.
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 | KROP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.38 | ||
| Sortino ratioReturn per unit of downside risk | +1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.11 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 0.91 | +2.95 |
| Martin ratioReturn relative to average drawdown | 10.64 | 1.87 | +8.76 |
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Drawdowns
ECAR.L vs. KROP.L - Drawdown Comparison
The maximum ECAR.L drawdown since its inception was -42.77%, smaller than the maximum KROP.L drawdown of -52.04%. Use the drawdown chart below to compare losses from any high point for ECAR.L and KROP.L.
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Drawdown Indicators
| ECAR.L | KROP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.77% | -52.04% | +9.27% |
Max Drawdown (1Y)Largest decline over 1 year | -14.58% | -10.68% | -3.90% |
Max Drawdown (3Y)Largest decline over 3 years | -29.31% | -27.32% | -1.99% |
Max Drawdown (5Y)Largest decline over 5 years | -36.21% | — | — |
Current DrawdownCurrent decline from peak | -13.65% | -38.04% | +24.39% |
Average DrawdownAverage peak-to-trough decline | -11.50% | -36.93% | +25.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.30% | 5.21% | +0.09% |
Volatility
ECAR.L vs. KROP.L - Volatility Comparison
iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) (ECAR.L) has a higher volatility of 10.14% compared to Global X AgTech & Food Innovation UCITS ETF USD Acc (KROP.L) at 4.31%. This indicates that ECAR.L's price experiences larger fluctuations and is considered to be riskier than KROP.L 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 | KROP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.14% | 4.31% | +5.83% |
Volatility (6M)Calculated over the trailing 6-month period | 25.01% | 12.96% | +12.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.66% | 16.56% | +12.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.39% | 21.25% | +4.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.96% | 21.25% | +4.71% |
ECAR.L vs. KROP.L - Expense Ratio Comparison
ECAR.L has a 0.40% expense ratio, which is lower than KROP.L's 0.50% expense ratio.
Dividends
ECAR.L vs. KROP.L - Dividend Comparison
Neither ECAR.L nor KROP.L has paid dividends to shareholders.
Frequently Asked Questions
ECAR.L and KROP.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.
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.
ECAR.L is cheaper with a 0.40% expense ratio, compared with 0.50% for KROP.L.
ECAR.L tracks MSCI World/Information Tech NR USD, while KROP.L tracks Global X AgTech & Food Innovation UCITS ETF USD Acc. They also come from different issuers: iShares and Global X. Their fees differ too: 0.40% for ECAR.L and 0.50% for KROP.L.
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