FDRV vs. ARKQ

Last updated Jun 4, 2026

FDRV (Fidelity Electric Vehicles and Future Transportation ETF) and ARKQ (ARK Autonomous Technology & Robotics ETF) are both exchange-traded funds - FDRV is a Transportation Equities fund actively managed by Fidelity, while ARKQ is a Technology Equities fund actively managed by ARK. Both are actively managed. Over the past 3 years, FDRV returned 7.13%/yr vs 39.07%/yr for ARKQ. Their correlation of 0.82 suggests significant overlap in exposure. FDRV charges 0.39%/yr vs 0.75%/yr for ARKQ.

Performance

FDRV vs. ARKQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Electric Vehicles and Future Transportation ETF (FDRV) and ARK Autonomous Technology & Robotics ETF (ARKQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDRV achieves a 30.92% return, which is significantly higher than ARKQ's 21.08% return.

FDRV

• 1D: -0.86%
• 1M: 11.72%
• YTD: 30.92%
• 6M: 29.26%
• 1Y: 53.50%
• 3Y*: 7.13%
• 5Y*: —
• 10Y*: —

ARKQ

• 1D: -2.13%
• 1M: 8.33%
• YTD: 21.08%
• 6M: 23.88%
• 1Y: 72.69%
• 3Y*: 39.07%
• 5Y*: 11.40%
• 10Y*: 22.53%

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

FDRV vs. ARKQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FDRV Fidelity Electric Vehicles and Future Transportation ETF	30.92%	24.32%	-21.73%	12.27%	-44.23%	7.00%
ARKQ ARK Autonomous Technology & Robotics ETF	21.08%	48.81%	33.88%	40.70%	-46.75%	-1.83%

Correlation

The correlation between FDRV and ARKQ is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (All Time) Calculated using the full available price history since Oct 8, 2021	0.82

The correlation between FDRV and ARKQ shifts across timeframes, from 0.70 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.

FDRV vs. ARKQ - Sectors Allocation Comparison

Sectors	FDRV	ARKQ
Consumer Cyclical	42.8%	16.9%
Technology	40.7%	32.6%
Industrials	12.3%	37.1%
Basic Materials	4.3%	-
Communication Services	-	8.1%
Consumer Defensive	-	-
Energy	-	1.9%
Financial Services	-	-
Healthcare	-	2.2%
Real Estate	-	-
Utilities	-	1.3%

Return for Risk

FDRV vs. ARKQ — Risk / Return Rank

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

FDRV

FDRV Risk / Return Rank: 62
FDRV Sharpe Ratio Rank: 65
FDRV Sortino Ratio Rank: 60
FDRV Omega Ratio Rank: 58
FDRV Calmar Ratio Rank: 69
FDRV Martin Ratio Rank: 60

ARKQ

ARKQ Risk / Return Rank: 62
ARKQ Sharpe Ratio Rank: 66
ARKQ Sortino Ratio Rank: 58
ARKQ Omega Ratio Rank: 54
ARKQ Calmar Ratio Rank: 70
ARKQ Martin Ratio Rank: 59

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.

FDRV vs. ARKQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Electric Vehicles and Future Transportation ETF (FDRV) and ARK Autonomous Technology & Robotics ETF (ARKQ). 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.

	FDRV	ARKQ	Difference
Sharpe ratio: Return per unit of total volatility	2.15	2.25	-0.10
Sortino ratio: Return per unit of downside risk	2.83	2.79	+0.04
Omega ratio: Gain probability vs. loss probability	1.36	1.34	+0.01
Calmar ratio: Return relative to maximum drawdown	3.44	3.55	-0.11
Martin ratio: Return relative to average drawdown	10.66	10.75	-0.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDRV vs. ARKQ - Sharpe Ratio Comparison

The current FDRV Sharpe Ratio is 2.15, which is comparable to the ARKQ Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of FDRV and ARKQ, 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

	FDRV	ARKQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	2.25	-0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.36	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.76	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.11	0.66	-0.77

Drawdowns

FDRV vs. ARKQ - Drawdown Comparison

The maximum FDRV drawdown since its inception was -63.89%, which is greater than ARKQ's maximum drawdown of -59.89%. Use the drawdown chart below to compare losses from any high point for FDRV and ARKQ.

Drawdown Indicators

	FDRV	ARKQ	Difference
Max Drawdown Largest peak-to-trough decline	-63.89%	-59.89%	-4.00%
Max Drawdown (1Y) Largest decline over 1 year	-15.62%	-20.58%	+4.96%
Max Drawdown (3Y) Largest decline over 3 years	-48.45%	-30.76%	-17.69%
Max Drawdown (5Y) Largest decline over 5 years	—	-55.71%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-59.89%	—
Current Drawdown Current decline from peak	-27.57%	-3.47%	-24.10%
Average Drawdown Average peak-to-trough decline	-42.35%	-17.24%	-25.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.03%	6.78%	-1.75%

Volatility

FDRV vs. ARKQ - Volatility Comparison

The current volatility for Fidelity Electric Vehicles and Future Transportation ETF (FDRV) is 9.01%, while ARK Autonomous Technology & Robotics ETF (ARKQ) has a volatility of 10.45%. This indicates that FDRV experiences smaller price fluctuations and is considered to be less risky than ARKQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDRV	ARKQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.01%	10.45%	-1.44%
Volatility (6M) Calculated over the trailing 6-month period	18.49%	24.44%	-5.95%
Volatility (1Y) Calculated over the trailing 1-year period	25.09%	32.49%	-7.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.03%	32.23%	-0.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.03%	29.84%	+2.19%

FDRV vs. ARKQ - Expense Ratio Comparison

FDRV has a 0.39% expense ratio, which is lower than ARKQ's 0.75% expense ratio.

Dividends

FDRV vs. ARKQ - Dividend Comparison

FDRV's dividend yield for the trailing twelve months is around 1.02%, more than ARKQ's 0.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARKQ ARK Autonomous Technology & Robotics ETF	0.22%	0.27%	0.00%	0.00%	0.00%	0.80%	0.86%	0.00%	2.86%	1.54%	0.00%	0.98%
FDRV Fidelity Electric Vehicles and Future Transportation ETF	1.02%	1.14%	0.43%	0.24%	0.33%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FDRV and ARKQ in my portfolio?

FDRV and ARKQ have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDRV or ARKQ?

ARKQ has higher volatility (10.45%) compared to FDRV (9.01%). In terms of maximum drawdown, FDRV dropped -63.89% vs ARKQ's -59.89%.

Which ETF is better, FDRV or ARKQ?

On 3-year performance, ARKQ leads with 39.07% vs 7.13% for FDRV. On fees, FDRV is cheaper at 0.39% per year. On volatility, FDRV has been the lower-risk option at 9.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDRV or ARKQ?

Over the 3-year period, ARKQ has performed better with a 39.07% return vs 7.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDRV or ARKQ?

FDRV is cheaper with a 0.39% expense ratio, compared with 0.75% for ARKQ.

Which ETF pays a higher dividend yield, FDRV or ARKQ?

FDRV has the higher dividend yield at 1.02%, compared with 0.22% for ARKQ.

What is the main difference between FDRV and ARKQ?

FDRV is categorized as Transportation Equities, while ARKQ is Technology Equities. They also come from different issuers: Fidelity and ARK. Their fees differ too: 0.39% for FDRV and 0.75% for ARKQ.

Which has better risk-adjusted returns?

ARKQ currently has the higher Sharpe Ratio (2.25 vs 2.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.