FDRV vs. DRIV

Last updated Jun 4, 2026

FDRV (Fidelity Electric Vehicles and Future Transportation ETF) and DRIV (Global X Autonomous & Electric Vehicles ETF) are both exchange-traded funds - FDRV is a Transportation Equities fund actively managed by Fidelity, while DRIV is a Global Equities fund tracking the Solactive Autonomous & Electric Vehicles Index. FDRV is actively managed, while DRIV is passively managed. Over the past 3 years, FDRV returned 7.13%/yr vs 21.80%/yr for DRIV. Their correlation of 0.94 suggests significant overlap in exposure. FDRV charges 0.39%/yr vs 0.68%/yr for DRIV.

Performance

FDRV vs. DRIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Electric Vehicles and Future Transportation ETF (FDRV) and Global X Autonomous & Electric Vehicles ETF (DRIV). 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 lower than DRIV's 42.27% return.

FDRV

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

DRIV

• 1D: -1.04%
• 1M: 12.34%
• YTD: 42.27%
• 6M: 41.87%
• 1Y: 92.43%
• 3Y*: 21.80%
• 5Y*: 9.49%
• 10Y*: —

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

FDRV vs. DRIV - 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%
DRIV Global X Autonomous & Electric Vehicles ETF	42.27%	30.42%	-5.04%	26.14%	-34.13%	10.37%

Correlation

The correlation between FDRV and DRIV is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (All Time) Calculated using the full available price history since Oct 8, 2021	0.94

The correlation between FDRV and DRIV has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

FDRV vs. DRIV - Sectors Allocation Comparison

Sectors	FDRV	DRIV
Consumer Cyclical	42.8%	26.8%
Technology	40.7%	34.0%
Industrials	12.3%	19.4%
Basic Materials	4.3%	14.4%
Communication Services	-	5.4%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

FDRV vs. DRIV — 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

DRIV

DRIV Risk / Return Rank: 92
DRIV Sharpe Ratio Rank: 94
DRIV Sortino Ratio Rank: 91
DRIV Omega Ratio Rank: 87
DRIV Calmar Ratio Rank: 93
DRIV Martin Ratio Rank: 92

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. DRIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Electric Vehicles and Future Transportation ETF (FDRV) 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.

	FDRV	DRIV	Difference
Sharpe ratio Return per unit of total volatility	2.15	3.70	-1.55
Sortino ratio Return per unit of downside risk	2.83	4.35	-1.52
Omega ratio Gain probability vs. loss probability	1.36	1.55	-0.20
Calmar ratio Return relative to maximum drawdown	3.44	6.92	-3.48
Martin ratio Return relative to average drawdown	10.66	24.10	-13.44
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. DRIV - Sharpe Ratio Comparison

The current FDRV Sharpe Ratio is 2.15, which is lower than the DRIV Sharpe Ratio of 3.70. The chart below compares the historical Sharpe Ratios of FDRV and DRIV, 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	DRIV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	3.70	-1.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.11	0.54	-0.65

Drawdowns

FDRV vs. DRIV - Drawdown Comparison

The maximum FDRV drawdown since its inception was -63.89%, which is greater than DRIV's maximum drawdown of -41.93%. Use the drawdown chart below to compare losses from any high point for FDRV and DRIV.

Drawdown Indicators

	FDRV	DRIV	Difference
Max Drawdown Largest peak-to-trough decline	-63.89%	-41.93%	-21.96%
Max Drawdown (1Y) Largest decline over 1 year	-15.62%	-13.43%	-2.19%
Max Drawdown (3Y) Largest decline over 3 years	-48.45%	-34.18%	-14.27%
Max Drawdown (5Y) Largest decline over 5 years	—	-41.93%	—
Current Drawdown Current decline from peak	-27.57%	-1.04%	-26.53%
Average Drawdown Average peak-to-trough decline	-42.35%	-15.13%	-27.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.03%	3.85%	+1.18%

Volatility

FDRV vs. DRIV - Volatility Comparison

Fidelity Electric Vehicles and Future Transportation ETF (FDRV) and Global X Autonomous & Electric Vehicles ETF (DRIV) have volatilities of 9.01% and 9.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDRV	DRIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.01%	9.36%	-0.35%
Volatility (6M) Calculated over the trailing 6-month period	18.49%	19.29%	-0.80%
Volatility (1Y) Calculated over the trailing 1-year period	25.09%	25.14%	-0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.03%	27.07%	+4.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.03%	27.40%	+4.63%

FDRV vs. DRIV - Expense Ratio Comparison

FDRV has a 0.39% expense ratio, which is lower than DRIV's 0.68% expense ratio.

Dividends

FDRV vs. DRIV - Dividend Comparison

FDRV's dividend yield for the trailing twelve months is around 1.02%, more than DRIV's 0.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DRIV Global X Autonomous & Electric Vehicles ETF	0.75%	1.07%	2.07%	1.62%	1.24%	0.32%	0.29%	1.23%	2.79%
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%

Frequently Asked Questions

Can I hold both FDRV and DRIV in my portfolio?

With a correlation of 0.92, FDRV and DRIV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FDRV or DRIV?

DRIV has higher volatility (9.36%) compared to FDRV (9.01%). In terms of maximum drawdown, FDRV dropped -63.89% vs DRIV's -41.93%.

Which ETF is better, FDRV or DRIV?

On 3-year performance, DRIV leads with 21.80% 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 DRIV?

Over the 3-year period, DRIV has performed better with a 21.80% 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 DRIV?

FDRV is cheaper with a 0.39% expense ratio, compared with 0.68% for DRIV.

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

FDRV has the higher dividend yield at 1.02%, compared with 0.75% for DRIV.

What is the main difference between FDRV and DRIV?

FDRV is categorized as Transportation Equities, while DRIV is Global Equities. They also come from different issuers: Fidelity and Global X. Their fees differ too: 0.39% for FDRV and 0.68% for DRIV.

Which has better risk-adjusted returns?

DRIV currently has the higher Sharpe Ratio (3.70 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.