IDRV vs. FDRR
Compare and contrast key facts about iShares Self-driving EV & Tech ETF (IDRV) and Fidelity Dividend ETF for Rising Rates (FDRR).
IDRV and FDRR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IDRV is a passively managed fund by iShares that tracks the performance of the NYSE FactSet Global Autonomous Driving and Electric Vehicle Index. It was launched on Apr 16, 2019. FDRR is a passively managed fund by Fidelity that tracks the performance of the Fidelity Dividend Index for Rising Rates. It was launched on Sep 12, 2016. Both IDRV and FDRR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IDRV or FDRR.
Key characteristics
| IDRV | FDRR | |
|---|---|---|
| YTD Return | -15.27% | 19.03% |
| 1Y Return | -8.64% | 30.40% |
| 3Y Return (Ann) | -17.12% | 8.00% |
| 5Y Return (Ann) | 4.16% | 12.00% |
| Sharpe Ratio | -0.24 | 2.80 |
| Sortino Ratio | -0.16 | 3.80 |
| Omega Ratio | 0.98 | 1.51 |
| Calmar Ratio | -0.13 | 3.68 |
| Martin Ratio | -0.44 | 18.42 |
| Ulcer Index | 14.55% | 1.72% |
| Daily Std Dev | 27.01% | 11.30% |
| Max Drawdown | -50.37% | -36.52% |
| Current Drawdown | -43.85% | -2.96% |
Correlation
The correlation between IDRV and FDRR is 0.77, 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. FDRR - Performance Comparison
In the year-to-date period, IDRV achieves a -15.27% return, which is significantly lower than FDRR's 19.03% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IDRV vs. FDRR - Expense Ratio Comparison
IDRV has a 0.47% expense ratio, which is higher than FDRR's 0.29% expense ratio.
Risk-Adjusted Performance
IDRV vs. FDRR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Self-driving EV & Tech ETF (IDRV) and Fidelity Dividend ETF for Rising Rates (FDRR). 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.
Dividends
IDRV vs. FDRR - Dividend Comparison
IDRV's dividend yield for the trailing twelve months is around 2.49%, more than FDRR's 2.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
IDRV iShares Self-driving EV & Tech ETF | 2.49% | 2.17% | 2.29% | 1.11% | 0.69% | 1.29% | 0.00% | 0.00% | 0.00% |
FDRR Fidelity Dividend ETF for Rising Rates | 2.24% | 2.93% | 2.75% | 2.09% | 2.85% | 2.89% | 3.20% | 2.89% | 0.61% |
Drawdowns
IDRV vs. FDRR - Drawdown Comparison
The maximum IDRV drawdown since its inception was -50.37%, which is greater than FDRR's maximum drawdown of -36.52%. Use the drawdown chart below to compare losses from any high point for IDRV and FDRR. For additional features, visit the drawdowns tool.
Volatility
IDRV vs. FDRR - Volatility Comparison
iShares Self-driving EV & Tech ETF (IDRV) has a higher volatility of 7.72% compared to Fidelity Dividend ETF for Rising Rates (FDRR) at 2.50%. This indicates that IDRV's price experiences larger fluctuations and is considered to be riskier than FDRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.