PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
IDRV vs. DRIV
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


IDRVDRIV
YTD Return-15.27%-7.31%
1Y Return-8.64%3.42%
3Y Return (Ann)-17.12%-9.56%
5Y Return (Ann)4.16%10.92%
Sharpe Ratio-0.240.28
Sortino Ratio-0.160.54
Omega Ratio0.981.06
Calmar Ratio-0.130.19
Martin Ratio-0.440.85
Ulcer Index14.55%7.45%
Daily Std Dev27.01%22.51%
Max Drawdown-50.37%-39.24%
Current Drawdown-43.85%-26.68%

Correlation

-0.50.00.51.00.9

The correlation between IDRV and DRIV is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Performance

IDRV vs. DRIV - Performance Comparison

In the year-to-date period, IDRV achieves a -15.27% return, which is significantly lower than DRIV's -7.31% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-15.00%-10.00%-5.00%0.00%5.00%JuneJulyAugustSeptemberOctoberNovember
-4.62%
-6.13%
IDRV
DRIV

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


IDRV vs. DRIV - Expense Ratio Comparison

IDRV has a 0.47% expense ratio, which is lower than DRIV's 0.68% expense ratio.


DRIV
Global X Autonomous & Electric Vehicles ETF
Expense ratio chart for DRIV: current value at 0.68% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.68%
Expense ratio chart for IDRV: current value at 0.47% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.47%

Risk-Adjusted Performance

IDRV vs. DRIV - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Self-driving EV & Tech ETF (IDRV) 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.


IDRV
Sharpe ratio
The chart of Sharpe ratio for IDRV, currently valued at -0.24, compared to the broader market0.002.004.00-0.24
Sortino ratio
The chart of Sortino ratio for IDRV, currently valued at -0.16, compared to the broader market0.005.0010.00-0.16
Omega ratio
The chart of Omega ratio for IDRV, currently valued at 0.98, compared to the broader market1.001.502.002.503.003.500.98
Calmar ratio
The chart of Calmar ratio for IDRV, currently valued at -0.13, compared to the broader market0.005.0010.0015.0020.00-0.13
Martin ratio
The chart of Martin ratio for IDRV, currently valued at -0.44, compared to the broader market0.0020.0040.0060.0080.00100.00120.00-0.44
DRIV
Sharpe ratio
The chart of Sharpe ratio for DRIV, currently valued at 0.28, compared to the broader market0.002.004.000.28
Sortino ratio
The chart of Sortino ratio for DRIV, currently valued at 0.54, compared to the broader market0.005.0010.000.54
Omega ratio
The chart of Omega ratio for DRIV, currently valued at 1.06, compared to the broader market1.001.502.002.503.003.501.06
Calmar ratio
The chart of Calmar ratio for DRIV, currently valued at 0.19, compared to the broader market0.005.0010.0015.0020.000.19
Martin ratio
The chart of Martin ratio for DRIV, currently valued at 0.85, compared to the broader market0.0020.0040.0060.0080.00100.00120.000.85

IDRV vs. DRIV - Sharpe Ratio Comparison

The current IDRV Sharpe Ratio is -0.24, which is lower than the DRIV Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of IDRV and DRIV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.50-1.00-0.500.000.50JuneJulyAugustSeptemberOctoberNovember
-0.24
0.28
IDRV
DRIV

Dividends

IDRV vs. DRIV - Dividend Comparison

IDRV's dividend yield for the trailing twelve months is around 2.49%, more than DRIV's 1.80% yield.


TTM202320222021202020192018
IDRV
iShares Self-driving EV & Tech ETF
2.49%2.17%2.29%1.11%0.69%1.29%0.00%
DRIV
Global X Autonomous & Electric Vehicles ETF
1.80%1.62%1.24%0.32%0.29%1.23%2.79%

Drawdowns

IDRV vs. DRIV - Drawdown Comparison

The maximum IDRV drawdown since its inception was -50.37%, which is greater than DRIV's maximum drawdown of -39.24%. Use the drawdown chart below to compare losses from any high point for IDRV and DRIV. For additional features, visit the drawdowns tool.


-50.00%-40.00%-30.00%-20.00%JuneJulyAugustSeptemberOctoberNovember
-43.85%
-26.68%
IDRV
DRIV

Volatility

IDRV vs. DRIV - Volatility Comparison

iShares Self-driving EV & Tech ETF (IDRV) has a higher volatility of 7.72% compared to Global X Autonomous & Electric Vehicles ETF (DRIV) at 5.19%. This indicates that IDRV's price experiences larger fluctuations and is considered to be riskier than DRIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%5.00%6.00%7.00%8.00%9.00%10.00%11.00%JuneJulyAugustSeptemberOctoberNovember
7.72%
5.19%
IDRV
DRIV