IDRV vs. RIO
Compare and contrast key facts about iShares Self-driving EV & Tech ETF (IDRV) and Rio Tinto Group (RIO).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IDRV or RIO.
Correlation
The correlation between IDRV and RIO is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IDRV vs. RIO - Performance Comparison
Key characteristics
IDRV:
-0.59
RIO:
-0.55
IDRV:
-0.70
RIO:
-0.65
IDRV:
0.92
RIO:
0.92
IDRV:
-0.31
RIO:
-0.74
IDRV:
-1.00
RIO:
-1.28
IDRV:
15.60%
RIO:
9.91%
IDRV:
26.30%
RIO:
23.16%
IDRV:
-50.37%
RIO:
-88.97%
IDRV:
-43.90%
RIO:
-17.05%
Returns By Period
The year-to-date returns for both investments are quite close, with IDRV having a -15.36% return and RIO slightly higher at -14.60%.
IDRV
-15.36%
1.53%
4.22%
-12.75%
3.28%
N/A
RIO
-14.60%
-4.48%
-7.84%
-13.82%
9.05%
10.77%
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Risk-Adjusted Performance
IDRV vs. RIO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Self-driving EV & Tech ETF (IDRV) and Rio Tinto Group (RIO). 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. RIO - Dividend Comparison
IDRV's dividend yield for the trailing twelve months is around 2.66%, less than RIO's 7.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RIO Rio Tinto Group | 7.33% | 5.40% | 10.48% | 14.39% | 5.13% | 10.70% | 6.32% | 4.45% | 3.96% | 7.79% | 4.46% | 3.15% |
Drawdowns
IDRV vs. RIO - Drawdown Comparison
The maximum IDRV drawdown since its inception was -50.37%, smaller than the maximum RIO drawdown of -88.97%. Use the drawdown chart below to compare losses from any high point for IDRV and RIO. For additional features, visit the drawdowns tool.
Volatility
IDRV vs. RIO - Volatility Comparison
The current volatility for iShares Self-driving EV & Tech ETF (IDRV) is 6.13%, while Rio Tinto Group (RIO) has a volatility of 7.43%. This indicates that IDRV experiences smaller price fluctuations and is considered to be less risky than RIO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.