IDRV vs. FDRR

Last updated Jun 23, 2026

IDRV (iShares Self-Driving EV and Tech ETF) and FDRR (Fidelity Dividend ETF for Rising Rates) are both exchange-traded funds - IDRV is a Technology Equities fund tracking the NYSE FactSet Global Autonomous Driving and Electric Vehicle Index, while FDRR is a Large Cap Blend Equities fund tracking the Fidelity Dividend Index for Rising Rates. Both are passively managed. Over the past 5 years, IDRV returned -1.98%/yr vs 12.27%/yr for FDRR. A 0.74 correlation means they provide meaningful diversification when combined. IDRV charges 0.48%/yr vs 0.15%/yr for FDRR.

Performance

IDRV vs. FDRR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Self-Driving EV and Tech ETF (IDRV) and Fidelity Dividend ETF for Rising Rates (FDRR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IDRV achieves a 5.68% return, which is significantly lower than FDRR's 7.91% return.

IDRV

• 1D: -1.46%
• 1M: -6.22%
• YTD: 5.68%
• 6M: 3.86%
• 1Y: 37.31%
• 3Y*: 3.47%
• 5Y*: -1.98%
• 10Y*: —

FDRR

• 1D: -0.34%
• 1M: -0.34%
• YTD: 7.91%
• 6M: 7.91%
• 1Y: 27.62%
• 3Y*: 20.09%
• 5Y*: 12.27%
• 10Y*: —

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

IDRV vs. FDRR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
IDRV iShares Self-Driving EV and Tech ETF	5.68%	32.24%	-16.05%	7.83%	-36.37%	26.99%	59.46%	7.24%
FDRR Fidelity Dividend ETF for Rising Rates	7.91%	21.70%	20.24%	13.66%	-9.73%	26.06%	8.23%	10.80%

Correlation

The correlation between IDRV and FDRR is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (All Time) Calculated using the full available price history since Apr 18, 2019	0.74

The correlation between IDRV and FDRR shifts across timeframes, from 0.63 (3 years) to 0.74 (all time), reflecting how their relationship changes across market environments.

IDRV vs. FDRR - Sectors Allocation Comparison

Sectors	IDRV	FDRR
Consumer Cyclical	56.7%	8.2%
Industrials	24.5%	8.3%
Basic Materials	16.8%	2.0%
Technology	2.0%	38.2%
Communication Services	-	10.1%
Consumer Defensive	-	4.5%
Energy	-	3.2%
Financial Services	-	11.3%
Healthcare	-	9.3%
Real Estate	-	2.8%
Utilities	-	2.1%

Return for Risk

IDRV vs. FDRR — Risk / Return Rank

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

IDRV

IDRV Risk / Return Rank: 45
IDRV Sharpe Ratio Rank: 42
IDRV Sortino Ratio Rank: 39
IDRV Omega Ratio Rank: 40
IDRV Calmar Ratio Rank: 54
IDRV Martin Ratio Rank: 52

FDRR

FDRR Risk / Return Rank: 76
FDRR Sharpe Ratio Rank: 81
FDRR Sortino Ratio Rank: 81
FDRR Omega Ratio Rank: 79
FDRR Calmar Ratio Rank: 67
FDRR Martin Ratio Rank: 73

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.

IDRV vs. FDRR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Self-Driving EV and 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.

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.

	IDRV	FDRR	Difference
Sharpe ratio: Return per unit of total volatility	1.43	2.47	-1.04
Sortino ratio: Return per unit of downside risk	1.94	3.42	-1.48
Omega ratio: Gain probability vs. loss probability	1.25	1.45	-0.19
Calmar ratio: Return relative to maximum drawdown	2.63	3.26	-0.63
Martin ratio: Return relative to average drawdown	8.61	13.39	-4.78

IDRV vs. FDRR - Sharpe Ratio Comparison

The current IDRV Sharpe Ratio is 1.43, which is lower than the FDRR Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of IDRV and FDRR, 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

IDRV vs. FDRR - Drawdown Comparison

The maximum IDRV drawdown since its inception was -53.00%, 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.

Drawdown Indicators

	IDRV	FDRR	Difference
Max Drawdown Largest peak-to-trough decline	-53.00%	-36.52%	-16.48%
Max Drawdown (1Y) Largest decline over 1 year	-14.25%	-8.52%	-5.73%
Max Drawdown (3Y) Largest decline over 3 years	-44.00%	-18.04%	-25.96%
Max Drawdown (5Y) Largest decline over 5 years	-53.00%	-20.92%	-32.08%
Current Drawdown Current decline from peak	-22.24%	-3.03%	-19.21%
Average Drawdown Average peak-to-trough decline	-22.35%	-4.00%	-18.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.34%	2.07%	+2.27%

Volatility

IDRV vs. FDRR - Volatility Comparison

iShares Self-Driving EV and Tech ETF (IDRV) has a higher volatility of 11.16% compared to Fidelity Dividend ETF for Rising Rates (FDRR) at 3.80%. 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.

Volatility by Period

	IDRV	FDRR	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.16%	3.80%	+7.36%
Volatility (6M) Calculated over the trailing 6-month period	21.22%	8.68%	+12.54%
Volatility (1Y) Calculated over the trailing 1-year period	26.33%	11.27%	+15.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.02%	15.02%	+13.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.23%	16.86%	+11.37%

IDRV vs. FDRR - Expense Ratio Comparison

IDRV has a 0.48% expense ratio, which is higher than FDRR's 0.15% expense ratio.

Dividends

IDRV vs. FDRR - Dividend Comparison

IDRV's dividend yield for the trailing twelve months is around 1.61%, less than FDRR's 2.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FDRR Fidelity Dividend ETF for Rising Rates	2.16%	2.21%	2.61%	2.93%	2.75%	2.09%	2.85%	2.89%	3.20%	2.89%	0.61%
IDRV iShares Self-Driving EV and Tech ETF	1.61%	1.70%	2.68%	2.17%	2.29%	1.12%	0.69%	1.29%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IDRV and FDRR in my portfolio?

IDRV and FDRR have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IDRV or FDRR?

IDRV has higher volatility (11.16%) compared to FDRR (3.80%). In terms of maximum drawdown, IDRV dropped -53.00% vs FDRR's -36.52%.

Which ETF is better, IDRV or FDRR?

On 5-year performance, FDRR leads with 12.27% vs -1.98% for IDRV. On fees, FDRR is cheaper at 0.15% per year. On volatility, FDRR has been the lower-risk option at 3.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IDRV or FDRR?

Over the 5-year period, FDRR has performed better with a 12.27% return vs -1.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDRV or FDRR?

FDRR is cheaper with a 0.15% expense ratio, compared with 0.48% for IDRV.

Which ETF pays a higher dividend yield, IDRV or FDRR?

FDRR has the higher dividend yield at 2.16%, compared with 1.61% for IDRV.

What is the main difference between IDRV and FDRR?

IDRV is categorized as Technology Equities, while FDRR is Large Cap Blend Equities. IDRV tracks NYSE FactSet Global Autonomous Driving and Electric Vehicle Index, while FDRR tracks Fidelity Dividend Index for Rising Rates. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.48% for IDRV and 0.15% for FDRR.

Which has better risk-adjusted returns?

FDRR currently has the higher Sharpe Ratio (2.47 vs 1.43), 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.