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.
Key characteristics
| IDRV | RIO | |
|---|---|---|
| YTD Return | -15.27% | -6.43% |
| 1Y Return | -8.64% | 5.08% |
| 3Y Return (Ann) | -17.12% | 10.84% |
| 5Y Return (Ann) | 4.16% | 12.28% |
| Sharpe Ratio | -0.24 | 0.23 |
| Sortino Ratio | -0.16 | 0.48 |
| Omega Ratio | 0.98 | 1.06 |
| Calmar Ratio | -0.13 | 0.31 |
| Martin Ratio | -0.44 | 0.57 |
| Ulcer Index | 14.55% | 8.94% |
| Daily Std Dev | 27.01% | 22.35% |
| Max Drawdown | -50.37% | -88.97% |
| Current Drawdown | -43.85% | -9.12% |
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
In the year-to-date period, IDRV achieves a -15.27% return, which is significantly lower than RIO's -6.43% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 2.49%, less than RIO's 6.69% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDRV iShares Self-driving EV & Tech ETF | 2.49% | 2.17% | 2.29% | 1.11% | 0.69% | 1.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RIO Rio Tinto Group | 6.69% | 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
iShares Self-driving EV & Tech ETF (IDRV) has a higher volatility of 7.72% compared to Rio Tinto Group (RIO) at 6.05%. This indicates that IDRV's price experiences larger fluctuations and is considered to be riskier than RIO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.