IDRV vs. LIT
Compare and contrast key facts about iShares Self-driving EV & Tech ETF (IDRV) and Global X Lithium & Battery Tech ETF (LIT).
IDRV and LIT 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. LIT is a passively managed fund by Global X that tracks the performance of the Solactive Global Lithium Index. It was launched on Jul 22, 2010. Both IDRV and LIT 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 LIT.
Performance
IDRV vs. LIT - Performance Comparison
Returns By Period
In the year-to-date period, IDRV achieves a -16.91% return, which is significantly lower than LIT's -9.98% return.
IDRV
-16.91%
-1.65%
-1.96%
-10.58%
3.92%
N/A
LIT
-9.98%
5.85%
4.57%
-5.36%
13.77%
8.03%
Key characteristics
| IDRV | LIT | |
|---|---|---|
| Sharpe Ratio | -0.41 | -0.20 |
| Sortino Ratio | -0.42 | -0.07 |
| Omega Ratio | 0.95 | 0.99 |
| Calmar Ratio | -0.22 | -0.11 |
| Martin Ratio | -0.73 | -0.36 |
| Ulcer Index | 14.99% | 18.12% |
| Daily Std Dev | 26.78% | 32.77% |
| Max Drawdown | -50.37% | -62.61% |
| Current Drawdown | -44.94% | -51.34% |
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IDRV vs. LIT - Expense Ratio Comparison
IDRV has a 0.47% expense ratio, which is lower than LIT's 0.75% expense ratio.
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.
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.
Dividends
IDRV vs. LIT - Dividend Comparison
IDRV's dividend yield for the trailing twelve months is around 2.54%, more than LIT's 1.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDRV iShares Self-driving EV & Tech ETF | 2.54% | 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 | 1.33% | 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.
Volatility
IDRV vs. LIT - Volatility Comparison
The current volatility for iShares Self-driving EV & Tech ETF (IDRV) is 8.44%, while Global X Lithium & Battery Tech ETF (LIT) has a volatility of 10.48%. 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.