EVX vs. DRIV
Compare and contrast key facts about VanEck Vectors Environmental Services ETF (EVX) and Global X Autonomous & Electric Vehicles ETF (DRIV).
EVX and DRIV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EVX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Environmental Services Index. It was launched on Oct 16, 2006. DRIV is a passively managed fund by Global X that tracks the performance of the Solactive Autonomous & Electric Vehicles Index. It was launched on Apr 13, 2018. Both EVX and DRIV 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: EVX or DRIV.
Performance
EVX vs. DRIV - Performance Comparison
Returns By Period
In the year-to-date period, EVX achieves a 20.41% return, which is significantly higher than DRIV's -5.72% return.
EVX
20.41%
-1.00%
9.45%
28.44%
12.73%
13.57%
DRIV
-5.72%
0.92%
-5.83%
1.51%
11.28%
N/A
Key characteristics
| EVX | DRIV | |
|---|---|---|
| Sharpe Ratio | 2.03 | 0.06 |
| Sortino Ratio | 2.77 | 0.23 |
| Omega Ratio | 1.36 | 1.03 |
| Calmar Ratio | 2.14 | 0.04 |
| Martin Ratio | 14.19 | 0.17 |
| Ulcer Index | 2.03% | 7.61% |
| Daily Std Dev | 14.15% | 22.20% |
| Max Drawdown | -55.91% | -39.24% |
| Current Drawdown | -4.16% | -25.42% |
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EVX vs. DRIV - Expense Ratio Comparison
EVX has a 0.55% expense ratio, which is lower than DRIV's 0.68% expense ratio.
Correlation
The correlation between EVX and DRIV is 0.66, 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.
Risk-Adjusted Performance
EVX vs. DRIV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Environmental Services ETF (EVX) and Global X Autonomous & Electric Vehicles ETF (DRIV). 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
EVX vs. DRIV - Dividend Comparison
EVX's dividend yield for the trailing twelve months is around 0.79%, less than DRIV's 1.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVX VanEck Vectors Environmental Services ETF | 0.79% | 0.95% | 0.41% | 0.24% | 0.33% | 0.44% | 0.38% | 0.89% | 0.70% | 1.16% | 1.58% | 1.15% |
DRIV Global X Autonomous & Electric Vehicles ETF | 1.76% | 1.62% | 1.24% | 0.32% | 0.29% | 1.23% | 2.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EVX vs. DRIV - Drawdown Comparison
The maximum EVX drawdown since its inception was -55.91%, which is greater than DRIV's maximum drawdown of -39.24%. Use the drawdown chart below to compare losses from any high point for EVX and DRIV. For additional features, visit the drawdowns tool.
Volatility
EVX vs. DRIV - Volatility Comparison
The current volatility for VanEck Vectors Environmental Services ETF (EVX) is 5.03%, while Global X Autonomous & Electric Vehicles ETF (DRIV) has a volatility of 5.78%. This indicates that EVX experiences smaller price fluctuations and is considered to be less risky than DRIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.