ECAR.L vs. ^GSPC
Compare and contrast key facts about iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) (ECAR.L) and S&P 500 (^GSPC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ECAR.L or ^GSPC.
Correlation
The correlation between ECAR.L and ^GSPC is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ECAR.L vs. ^GSPC - Performance Comparison
Key characteristics
ECAR.L:
0.21
^GSPC:
1.74
ECAR.L:
0.43
^GSPC:
2.35
ECAR.L:
1.05
^GSPC:
1.32
ECAR.L:
0.22
^GSPC:
2.61
ECAR.L:
0.55
^GSPC:
10.66
ECAR.L:
8.27%
^GSPC:
2.08%
ECAR.L:
21.21%
^GSPC:
12.77%
ECAR.L:
-42.77%
^GSPC:
-56.78%
ECAR.L:
-9.79%
^GSPC:
0.00%
Returns By Period
In the year-to-date period, ECAR.L achieves a 3.15% return, which is significantly lower than ^GSPC's 4.46% return.
ECAR.L
3.15%
-0.08%
3.11%
4.76%
8.86%
N/A
^GSPC
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
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Risk-Adjusted Performance
ECAR.L vs. ^GSPC — Risk-Adjusted Performance Rank
ECAR.L
^GSPC
ECAR.L vs. ^GSPC - 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 S&P 500 (^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.
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. For additional features, visit the drawdowns tool.
Volatility
ECAR.L vs. ^GSPC - Volatility Comparison
iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) (ECAR.L) has a higher volatility of 7.16% compared to S&P 500 (^GSPC) at 2.97%. 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.