FDRV vs. IYT
Compare and contrast key facts about Fidelity Electric Vehicles and Future Transportation ETF (FDRV) and iShares Transportation Average ETF (IYT).
FDRV and IYT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDRV is an actively managed fund by Fidelity. It was launched on Oct 5, 2021. IYT is a passively managed fund by iShares that tracks the performance of the Dow Jones Transportation Average Index. It was launched on Oct 10, 2003.
Performance
FDRV vs. IYT - Performance Comparison
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FDRV vs. IYT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FDRV Fidelity Electric Vehicles and Future Transportation ETF | 1.81% | 24.32% | -21.73% | 12.27% | -44.23% | 7.00% |
IYT iShares Transportation Average ETF | 1.39% | 11.48% | 4.10% | 24.62% | -21.74% | 9.76% |
Returns By Period
In the year-to-date period, FDRV achieves a 1.81% return, which is significantly higher than IYT's 1.39% return.
FDRV
- 1D
- 1.12%
- 1M
- -3.04%
- YTD
- 1.81%
- 6M
- -5.75%
- 1Y
- 28.31%
- 3Y*
- -3.28%
- 5Y*
- —
- 10Y*
- —
IYT
- 1D
- 0.90%
- 1M
- -7.82%
- YTD
- 1.39%
- 6M
- 6.28%
- 1Y
- 19.03%
- 3Y*
- 11.04%
- 5Y*
- 4.22%
- 10Y*
- 9.12%
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FDRV vs. IYT - Expense Ratio Comparison
FDRV has a 0.39% expense ratio, which is lower than IYT's 0.42% expense ratio.
Return for Risk
FDRV vs. IYT — Risk / Return Rank
FDRV
IYT
FDRV vs. IYT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Electric Vehicles and Future Transportation ETF (FDRV) and iShares Transportation Average ETF (IYT). 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 | IYT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.95 | 0.73 | +0.21 |
Sortino ratioReturn per unit of downside risk | 1.51 | 1.22 | +0.29 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.16 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.62 | 1.26 | +0.37 |
Martin ratioReturn relative to average drawdown | 5.21 | 4.24 | +0.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FDRV | IYT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 0.73 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.19 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.27 | 0.40 | -0.67 |
Correlation
The correlation between FDRV and IYT is 0.69, 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.
Dividends
FDRV vs. IYT - Dividend Comparison
FDRV's dividend yield for the trailing twelve months is around 1.32%, more than IYT's 1.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDRV Fidelity Electric Vehicles and Future Transportation ETF | 1.32% | 1.14% | 0.43% | 0.24% | 0.33% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IYT iShares Transportation Average ETF | 1.06% | 1.00% | 1.08% | 1.26% | 1.40% | 0.77% | 0.93% | 1.29% | 1.35% | 0.92% | 0.96% | 1.28% |
Drawdowns
FDRV vs. IYT - Drawdown Comparison
The maximum FDRV drawdown since its inception was -63.89%, which is greater than IYT's maximum drawdown of -60.39%. Use the drawdown chart below to compare losses from any high point for FDRV and IYT.
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Drawdown Indicators
| FDRV | IYT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.89% | -60.39% | -3.50% |
Max Drawdown (1Y)Largest decline over 1 year | -18.04% | -15.01% | -3.03% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.28% | — |
Current DrawdownCurrent decline from peak | -43.67% | -8.32% | -35.35% |
Average DrawdownAverage peak-to-trough decline | -42.62% | -9.37% | -33.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.62% | 4.45% | +1.17% |
Volatility
FDRV vs. IYT - Volatility Comparison
Fidelity Electric Vehicles and Future Transportation ETF (FDRV) has a higher volatility of 9.66% compared to iShares Transportation Average ETF (IYT) at 7.84%. This indicates that FDRV's price experiences larger fluctuations and is considered to be riskier than IYT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDRV | IYT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.66% | 7.84% | +1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 18.87% | 14.66% | +4.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.05% | 26.03% | +4.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.17% | 22.07% | +10.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.17% | 23.04% | +9.13% |