IDRV vs. KARS
Compare and contrast key facts about iShares Self-driving EV & Tech ETF (IDRV) and KraneShares Electric Vehicles & Future Mobility Index ETF (KARS).
IDRV and KARS 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. KARS is a passively managed fund by CICC that tracks the performance of the KARS-US - Bloomberg Electric Vehicles Index. It was launched on Jan 18, 2018. Both IDRV and KARS 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 KARS.
Performance
IDRV vs. KARS - Performance Comparison
Returns By Period
In the year-to-date period, IDRV achieves a -17.03% return, which is significantly lower than KARS's -13.39% return.
IDRV
-17.03%
-1.52%
-4.60%
-11.02%
3.90%
N/A
KARS
-13.39%
3.06%
1.78%
-10.53%
2.06%
N/A
Key characteristics
| IDRV | KARS | |
|---|---|---|
| Sharpe Ratio | -0.49 | -0.40 |
| Sortino Ratio | -0.55 | -0.39 |
| Omega Ratio | 0.94 | 0.96 |
| Calmar Ratio | -0.26 | -0.19 |
| Martin Ratio | -0.88 | -0.67 |
| Ulcer Index | 14.95% | 17.97% |
| Daily Std Dev | 26.88% | 30.24% |
| Max Drawdown | -50.37% | -64.60% |
| Current Drawdown | -45.01% | -55.98% |
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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.
Correlation
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.
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.
Dividends
IDRV vs. KARS - Dividend Comparison
IDRV's dividend yield for the trailing twelve months is around 2.54%, more than KARS's 1.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
IDRV iShares Self-driving EV & Tech ETF | 2.54% | 2.17% | 2.29% | 1.12% | 0.69% | 1.29% | 0.00% |
KARS KraneShares Electric Vehicles & Future Mobility Index ETF | 1.02% | 0.88% | 1.13% | 6.73% | 0.14% | 1.85% | 1.39% |
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.
Volatility
IDRV vs. KARS - Volatility Comparison
The current volatility for iShares Self-driving EV & Tech ETF (IDRV) is 8.44%, while KraneShares Electric Vehicles & Future Mobility Index ETF (KARS) has a volatility of 12.71%. 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.