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

Correlation

The correlation between IDRV and LIT is 0.79, 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.


-0.50.00.51.00.8

Performance

IDRV vs. LIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Self-driving EV & Tech ETF (IDRV) and Global X Lithium & Battery Tech ETF (LIT). The values are adjusted to include any dividend payments, if applicable.

-10.00%0.00%10.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
4.22%
5.17%
IDRV
LIT

Key characteristics

Sharpe Ratio

IDRV:

-0.59

LIT:

-0.45

Sortino Ratio

IDRV:

-0.70

LIT:

-0.48

Omega Ratio

IDRV:

0.92

LIT:

0.95

Calmar Ratio

IDRV:

-0.31

LIT:

-0.24

Martin Ratio

IDRV:

-1.00

LIT:

-0.80

Ulcer Index

IDRV:

15.60%

LIT:

18.56%

Daily Std Dev

IDRV:

26.30%

LIT:

33.05%

Max Drawdown

IDRV:

-50.37%

LIT:

-62.61%

Current Drawdown

IDRV:

-43.90%

LIT:

-55.25%

Returns By Period

In the year-to-date period, IDRV achieves a -15.36% return, which is significantly higher than LIT's -17.23% return.


IDRV

YTD

-15.36%

1M

1.53%

6M

4.22%

1Y

-12.75%

5Y*

3.28%

10Y*

N/A

LIT

YTD

-17.23%

1M

-7.32%

6M

5.17%

1Y

-12.32%

5Y*

9.85%

10Y*

7.94%

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. LIT - Expense Ratio Comparison

IDRV has a 0.47% expense ratio, which is lower than LIT's 0.75% expense ratio.


LIT
Global X Lithium & Battery Tech ETF
Expense ratio chart for LIT: current value at 0.75% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.75%
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. LIT - 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 Lithium & Battery Tech ETF (LIT). 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.


Sharpe ratio
The chart of Sharpe ratio for IDRV, currently valued at -0.59, compared to the broader market0.002.004.00-0.59-0.45
The chart of Sortino ratio for IDRV, currently valued at -0.70, compared to the broader market-2.000.002.004.006.008.0010.00-0.70-0.48
The chart of Omega ratio for IDRV, currently valued at 0.92, compared to the broader market0.501.001.502.002.503.000.920.95
The chart of Calmar ratio for IDRV, currently valued at -0.31, compared to the broader market0.005.0010.0015.00-0.31-0.24
The chart of Martin ratio for IDRV, currently valued at -1.00, compared to the broader market0.0020.0040.0060.0080.00100.00-1.00-0.80
IDRV
LIT

The current IDRV Sharpe Ratio is -0.59, which is lower than the LIT Sharpe Ratio of -0.45. The chart below compares the historical Sharpe Ratios of IDRV and LIT, 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-1.50-1.00-0.500.00JulyAugustSeptemberOctoberNovemberDecember
-0.59
-0.45
IDRV
LIT

Dividends

IDRV vs. LIT - Dividend Comparison

IDRV's dividend yield for the trailing twelve months is around 2.66%, more than LIT's 1.45% yield.


TTM20232022202120202019201820172016201520142013
IDRV
iShares Self-driving EV & Tech ETF
2.66%2.17%2.29%1.12%0.69%1.29%0.00%0.00%0.00%0.00%0.00%0.00%
LIT
Global X Lithium & Battery Tech ETF
1.45%1.11%0.99%0.22%0.40%1.85%2.52%3.26%2.15%0.24%1.07%0.32%

Drawdowns

IDRV vs. LIT - Drawdown Comparison

The maximum IDRV drawdown since its inception was -50.37%, smaller than the maximum LIT drawdown of -62.61%. Use the drawdown chart below to compare losses from any high point for IDRV and LIT. For additional features, visit the drawdowns tool.


-60.00%-55.00%-50.00%-45.00%-40.00%JulyAugustSeptemberOctoberNovemberDecember
-43.90%
-55.25%
IDRV
LIT

Volatility

IDRV vs. LIT - Volatility Comparison

The current volatility for iShares Self-driving EV & Tech ETF (IDRV) is 6.13%, while Global X Lithium & Battery Tech ETF (LIT) has a volatility of 8.78%. This indicates that IDRV experiences smaller price fluctuations and is considered to be less risky than LIT 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%JulyAugustSeptemberOctoberNovemberDecember
6.13%
8.78%
IDRV
LIT
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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