FDRV vs. GINN

Last updated Aug 4, 2026

FDRV (Fidelity Electric Vehicles and Future Transportation ETF) and GINN (Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF) are both Technology Equities funds. FDRV is actively managed, while GINN is passively managed. Over the past 3 years, FDRV returned -2.81%/yr vs 18.35%/yr for GINN. Their correlation of 0.87 means they have usually moved in the same direction. FDRV charges 0.39%/yr vs 0.50%/yr for GINN.

Performance

FDRV vs. GINN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Electric Vehicles and Future Transportation ETF (FDRV) and Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FDRV having a 9.64% return and GINN slightly lower at 9.33%.

FDRV

• 1D: 0.74%
• 1M: -5.30%
• 6M: 8.32%
• YTD: 9.64%
• 1Y: 21.47%
• 3Y*: -2.81%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -6.71%

GINN

• 1D: 1.55%
• 1M: 1.06%
• 6M: 7.30%
• YTD: 9.33%
• 1Y: 21.13%
• 3Y*: 18.35%
• 5Y*: 6.21%
• 10Y*: —
• ALL TIME*: 8.96%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FDRV Fidelity Electric Vehicles and Future Transportation ETF	$89.45K	$140.01K	$198.80K
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF	$141.87K	$128.01K	$214.74K

FDRV vs. GINN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FDRV Fidelity Electric Vehicles and Future Transportation ETF	9.64%	24.32%	-21.73%	12.27%	-44.23%	7.10%
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF	9.33%	20.25%	18.71%	29.94%	-32.40%	2.72%

Correlation

The correlation between FDRV and GINN is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.78
Correlation (3Y) Balances recent behavior with more history.	0.80
Correlation (All Time) Calculated using the full available price history since Oct 7, 2021	0.87

The correlation between FDRV and GINN has been stable across timeframes, ranging from 0.78 to 0.87 - a consistent structural relationship.

FDRV vs. GINN - Sectors Allocation Comparison

Sectors	FDRV	GINN
Consumer Cyclical	48.6%	12.2%
Technology	37.2%	33.0%
Industrials	10.9%	5.0%
Basic Materials	3.2%	0.1%
Communication Services	-	9.6%
Consumer Defensive	-	1.7%
Energy	-	1.3%
Financial Services	-	12.5%
Healthcare	-	22.0%
Real Estate	-	0.6%
Utilities	-	1.7%

Return for Risk

FDRV vs. GINN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FDRV

FDRV Risk / Return Rank: 32
FDRV Sharpe Ratio Rank: 31
FDRV Sortino Ratio Rank: 31
FDRV Omega Ratio Rank: 31
FDRV Calmar Ratio Rank: 33
FDRV Martin Ratio Rank: 32

GINN

GINN Risk / Return Rank: 46
GINN Sharpe Ratio Rank: 49
GINN Sortino Ratio Rank: 48
GINN Omega Ratio Rank: 45
GINN Calmar Ratio Rank: 43
GINN Martin Ratio Rank: 46

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FDRV vs. GINN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Electric Vehicles and Future Transportation ETF (FDRV) and Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN). 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.

	FDRV	GINN	Difference
Sharpe ratio: Return per unit of total volatility	0.78	1.28	-0.50
Sortino ratio: Return per unit of downside risk	1.20	1.82	-0.62
Omega ratio: Gain probability vs. loss probability	1.15	1.22	-0.07
Calmar ratio: Return relative to maximum drawdown	1.14	1.61	-0.47
Martin ratio: Return relative to average drawdown	2.98	5.47	-2.49

FDRV vs. GINN - Sharpe Ratio Comparison

The current FDRV Sharpe Ratio is 0.78, which is lower than the GINN Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of FDRV and GINN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FDRV vs. GINN - Drawdown Comparison

The maximum FDRV drawdown since its inception was -63.89%, which is greater than GINN's maximum drawdown of -41.25%. Use the drawdown chart below to compare losses from any high point for FDRV and GINN.

Drawdown Indicators

	FDRV	GINN	Difference
Max Drawdown Largest peak-to-trough decline	-63.89%	-41.25%	-22.64%
Max Drawdown (1Y) Largest decline over 1 year	-18.84%	-13.18%	-5.66%
Max Drawdown (3Y) Largest decline over 3 years	-45.42%	-22.25%	-23.17%
Max Drawdown (5Y) Largest decline over 5 years	—	-41.25%	—
Current Drawdown Current decline from peak	-39.34%	-1.00%	-38.34%
Average Drawdown Average peak-to-trough decline	-42.10%	-13.08%	-29.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.22%	3.87%	+3.35%

Volatility

FDRV vs. GINN - Volatility Comparison

Fidelity Electric Vehicles and Future Transportation ETF (FDRV) has a higher volatility of 7.75% compared to Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) at 4.15%. This indicates that FDRV's price experiences larger fluctuations and is considered to be riskier than GINN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDRV	GINN	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.75%	4.15%	+3.60%
Volatility (6M) Calculated over the trailing 6-month period	22.53%	13.00%	+9.53%
Volatility (1Y) Calculated over the trailing 1-year period	27.71%	16.63%	+11.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.16%	21.45%	+10.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.16%	20.95%	+11.21%

FDRV vs. GINN - Expense Ratio Comparison

FDRV has a 0.39% expense ratio, which is lower than GINN's 0.50% expense ratio.

Dividends

FDRV vs. GINN - Dividend Comparison

FDRV's dividend yield for the trailing twelve months is around 1.30%, more than GINN's 1.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
FDRV Fidelity Electric Vehicles and Future Transportation ETF	1.30%	1.14%	0.43%	0.24%	0.33%	0.04%	0.00%
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF	1.15%	1.26%	1.26%	1.01%	0.69%	0.67%	0.07%

Frequently Asked Questions

Can I hold both FDRV and GINN in my portfolio?

FDRV and GINN have a correlation of 0.78, 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 GINN?

FDRV has higher volatility (7.75%) compared to GINN (4.15%). In terms of maximum drawdown, FDRV dropped -63.89% vs GINN's -41.25%.

Which ETF is better, FDRV or GINN?

On 3-year performance, GINN leads with 18.35% vs -2.81% for FDRV. On fees, FDRV is cheaper at 0.39% per year. On volatility, GINN has been the lower-risk option at 4.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDRV or GINN?

Over the 3-year period, GINN has performed better with a 18.35% return vs -2.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDRV or GINN?

FDRV is cheaper with a 0.39% expense ratio, compared with 0.50% for GINN.

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

FDRV has the higher dividend yield at 1.30%, compared with 1.15% for GINN.

What is the main difference between FDRV and GINN?

They also come from different issuers: Fidelity and Goldman Sachs. Their fees differ too: 0.39% for FDRV and 0.50% for GINN.

Which has better risk-adjusted returns?

GINN currently has the higher Sharpe Ratio (1.28 vs 0.78), 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.