FDRV vs. MOTO

Last updated Jun 26, 2026

FDRV (Fidelity Electric Vehicles and Future Transportation ETF) and MOTO (SmartETFs Smart Transportation & Technology ETF) are both Transportation Equities funds. Both are actively managed. Over the past 3 years, FDRV returned 2.21%/yr vs 17.23%/yr for MOTO. Their correlation of 0.89 suggests significant overlap in exposure. FDRV charges 0.39%/yr vs 0.68%/yr for MOTO.

Performance

FDRV vs. MOTO - Performance Comparison

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

Returns By Period

In the year-to-date period, FDRV achieves a 15.91% return, which is significantly lower than MOTO's 21.63% return.

FDRV

• 1D: -0.04%
• 1M: -8.40%
• YTD: 15.91%
• 6M: 14.00%
• 1Y: 30.18%
• 3Y*: 2.21%
• 5Y*: —
• 10Y*: —

MOTO

• 1D: 0.83%
• 1M: -5.66%
• YTD: 21.63%
• 6M: 20.72%
• 1Y: 41.10%
• 3Y*: 17.23%
• 5Y*: 9.02%
• 10Y*: —

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

FDRV vs. MOTO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FDRV Fidelity Electric Vehicles and Future Transportation ETF	15.91%	24.32%	-21.73%	12.27%	-44.23%	7.10%
MOTO SmartETFs Smart Transportation & Technology ETF	21.63%	27.38%	2.01%	27.10%	-27.20%	8.52%

Correlation

The correlation between FDRV and MOTO is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (All Time) Calculated using the full available price history since Oct 7, 2021	0.89

The correlation between FDRV and MOTO has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.

FDRV vs. MOTO - Sectors Allocation Comparison

Sectors	FDRV	MOTO
Technology	48.6%	45.1%
Consumer Cyclical	38.8%	26.4%
Industrials	8.8%	18.7%
Basic Materials	3.5%	3.6%
Communication Services	-	4.1%
Consumer Defensive	-	2.1%
Energy	-	-
Financial Services	-	1.0%
Healthcare	-	-
Real Estate	-	-
Utilities	-	0.7%

Return for Risk

FDRV vs. MOTO — Risk / Return Rank

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

FDRV

FDRV Risk / Return Rank: 36
FDRV Sharpe Ratio Rank: 34
FDRV Sortino Ratio Rank: 32
FDRV Omega Ratio Rank: 33
FDRV Calmar Ratio Rank: 44
FDRV Martin Ratio Rank: 38

MOTO

MOTO Risk / Return Rank: 62
MOTO Sharpe Ratio Rank: 62
MOTO Sortino Ratio Rank: 55
MOTO Omega Ratio Rank: 58
MOTO Calmar Ratio Rank: 70
MOTO Martin Ratio Rank: 65

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. MOTO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Electric Vehicles and Future Transportation ETF (FDRV) and SmartETFs Smart Transportation & Technology ETF (MOTO). 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	MOTO	Difference
Sharpe ratio: Return per unit of total volatility	1.13	1.79	-0.66
Sortino ratio: Return per unit of downside risk	1.61	2.35	-0.75
Omega ratio: Gain probability vs. loss probability	1.21	1.31	-0.11
Calmar ratio: Return relative to maximum drawdown	1.94	3.09	-1.15
Martin ratio: Return relative to average drawdown	5.48	10.36	-4.88

FDRV vs. MOTO - Sharpe Ratio Comparison

The current FDRV Sharpe Ratio is 1.13, which is lower than the MOTO Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of FDRV and MOTO, 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. MOTO - Drawdown Comparison

The maximum FDRV drawdown since its inception was -63.89%, which is greater than MOTO's maximum drawdown of -38.24%. Use the drawdown chart below to compare losses from any high point for FDRV and MOTO.

Drawdown Indicators

	FDRV	MOTO	Difference
Max Drawdown Largest peak-to-trough decline	-63.89%	-38.24%	-25.65%
Max Drawdown (1Y) Largest decline over 1 year	-15.62%	-13.36%	-2.26%
Max Drawdown (3Y) Largest decline over 3 years	-48.45%	-26.43%	-22.02%
Max Drawdown (5Y) Largest decline over 5 years	—	-37.34%	—
Current Drawdown Current decline from peak	-35.87%	-7.52%	-28.35%
Average Drawdown Average peak-to-trough decline	-42.20%	-9.92%	-32.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.52%	3.98%	+1.54%

Volatility

FDRV vs. MOTO - Volatility Comparison

Fidelity Electric Vehicles and Future Transportation ETF (FDRV) has a higher volatility of 12.60% compared to SmartETFs Smart Transportation & Technology ETF (MOTO) at 10.65%. This indicates that FDRV's price experiences larger fluctuations and is considered to be riskier than MOTO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDRV	MOTO	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.60%	10.65%	+1.95%
Volatility (6M) Calculated over the trailing 6-month period	21.63%	19.16%	+2.47%
Volatility (1Y) Calculated over the trailing 1-year period	26.86%	23.03%	+3.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.26%	23.99%	+8.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.26%	26.46%	+5.80%

FDRV vs. MOTO - Expense Ratio Comparison

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

Dividends

FDRV vs. MOTO - Dividend Comparison

FDRV's dividend yield for the trailing twelve months is around 1.23%, more than MOTO's 0.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
FDRV Fidelity Electric Vehicles and Future Transportation ETF	1.23%	1.14%	0.43%	0.24%	0.33%	0.04%	0.00%
MOTO SmartETFs Smart Transportation & Technology ETF	0.87%	1.06%	1.07%	2.73%	2.33%	0.55%	2.71%

Frequently Asked Questions

Can I hold both FDRV and MOTO in my portfolio?

FDRV and MOTO have a correlation of 0.86, 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 MOTO?

FDRV has higher volatility (12.60%) compared to MOTO (10.65%). In terms of maximum drawdown, FDRV dropped -63.89% vs MOTO's -38.24%.

Which ETF is better, FDRV or MOTO?

On 3-year performance, MOTO leads with 17.23% vs 2.21% for FDRV. On fees, FDRV is cheaper at 0.39% per year. On volatility, MOTO has been the lower-risk option at 10.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDRV or MOTO?

Over the 3-year period, MOTO has performed better with a 17.23% return vs 2.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDRV or MOTO?

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

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

FDRV has the higher dividend yield at 1.23%, compared with 0.87% for MOTO.

What is the main difference between FDRV and MOTO?

They also come from different issuers: Fidelity and Guinness Atkinson Asset Management. Their fees differ too: 0.39% for FDRV and 0.68% for MOTO.

Which has better risk-adjusted returns?

MOTO currently has the higher Sharpe Ratio (1.79 vs 1.13), 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.