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IDRV vs. KARS
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


IDRVKARS
YTD Return-15.27%-11.13%
1Y Return-8.64%-7.93%
3Y Return (Ann)-17.12%-22.91%
5Y Return (Ann)4.16%2.53%
Sharpe Ratio-0.24-0.18
Sortino Ratio-0.16-0.06
Omega Ratio0.980.99
Calmar Ratio-0.13-0.08
Martin Ratio-0.44-0.29
Ulcer Index14.55%17.78%
Daily Std Dev27.01%28.98%
Max Drawdown-50.37%-64.60%
Current Drawdown-43.85%-54.83%

Correlation

-0.50.00.51.00.9

The correlation between IDRV and KARS is 0.88, 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. KARS - Performance Comparison

In the year-to-date period, IDRV achieves a -15.27% return, which is significantly lower than KARS's -11.13% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-20.00%-10.00%0.00%10.00%JuneJulyAugustSeptemberOctoberNovember
-4.62%
-0.21%
IDRV
KARS

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IDRV vs. KARS - Expense Ratio Comparison

IDRV has a 0.47% expense ratio, which is lower than KARS's 0.70% expense ratio.


KARS
KraneShares Electric Vehicles & Future Mobility Index ETF
Expense ratio chart for KARS: current value at 0.70% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.70%
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. KARS - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Self-driving EV & Tech ETF (IDRV) and KraneShares Electric Vehicles & Future Mobility Index ETF (KARS). 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
KARS
Sharpe ratio
The chart of Sharpe ratio for KARS, currently valued at -0.18, compared to the broader market0.002.004.00-0.18
Sortino ratio
The chart of Sortino ratio for KARS, currently valued at -0.06, compared to the broader market0.005.0010.00-0.06
Omega ratio
The chart of Omega ratio for KARS, currently valued at 0.99, compared to the broader market1.001.502.002.503.003.500.99
Calmar ratio
The chart of Calmar ratio for KARS, currently valued at -0.08, compared to the broader market0.005.0010.0015.0020.00-0.08
Martin ratio
The chart of Martin ratio for KARS, currently valued at -0.29, compared to the broader market0.0020.0040.0060.0080.00100.00120.00-0.29

IDRV vs. KARS - Sharpe Ratio Comparison

The current IDRV Sharpe Ratio is -0.24, which is lower than the KARS Sharpe Ratio of -0.18. The chart below compares the historical Sharpe Ratios of IDRV and KARS, 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-1.50-1.00-0.500.00JuneJulyAugustSeptemberOctoberNovember
-0.24
-0.18
IDRV
KARS

Dividends

IDRV vs. KARS - Dividend Comparison

IDRV's dividend yield for the trailing twelve months is around 2.49%, more than KARS's 0.99% yield.


TTM202320222021202020192018
IDRV
iShares Self-driving EV & Tech ETF
2.49%2.17%2.29%1.11%0.69%1.29%0.00%
KARS
KraneShares Electric Vehicles & Future Mobility Index ETF
0.99%0.88%1.13%6.73%0.14%1.85%1.38%

Drawdowns

IDRV vs. KARS - Drawdown Comparison

The maximum IDRV drawdown since its inception was -50.37%, smaller than the maximum KARS drawdown of -64.60%. Use the drawdown chart below to compare losses from any high point for IDRV and KARS. For additional features, visit the drawdowns tool.


-65.00%-60.00%-55.00%-50.00%-45.00%-40.00%JuneJulyAugustSeptemberOctoberNovember
-43.85%
-54.83%
IDRV
KARS

Volatility

IDRV vs. KARS - Volatility Comparison

The current volatility for iShares Self-driving EV & Tech ETF (IDRV) is 7.72%, while KraneShares Electric Vehicles & Future Mobility Index ETF (KARS) has a volatility of 12.80%. This indicates that IDRV experiences smaller price fluctuations and is considered to be less risky than KARS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%14.00%16.00%JuneJulyAugustSeptemberOctoberNovember
7.72%
12.80%
IDRV
KARS