IDRV vs. RIO
IDRV (iShares Self-Driving EV and Tech ETF) is Technology Equities fund tracking the NYSE FactSet Global Autonomous Driving and Electric Vehicle Index, while RIO (Rio Tinto Group) is a stock. Over the past 5 years, IDRV returned -0.25%/yr vs 11.69%/yr for RIO. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
IDRV vs. RIO - Performance Comparison
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Returns By Period
In the year-to-date period, IDRV achieves a 17.17% return, which is significantly lower than RIO's 38.54% return.
IDRV
- 1D
- -2.29%
- 1M
- 3.06%
- YTD
- 17.17%
- 6M
- 18.17%
- 1Y
- 49.83%
- 3Y*
- 7.75%
- 5Y*
- -0.25%
- 10Y*
- —
RIO
- 1D
- -3.41%
- 1M
- 9.36%
- YTD
- 38.54%
- 6M
- 49.27%
- 1Y
- 92.97%
- 3Y*
- 27.11%
- 5Y*
- 11.69%
- 10Y*
- 22.38%
IDRV vs. RIO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IDRV iShares Self-Driving EV and Tech ETF | 17.17% | 32.24% | -16.05% | 7.83% | -36.37% | 26.99% | 59.46% | 7.24% |
RIO Rio Tinto Group | 38.54% | 44.47% | -15.36% | 11.06% | 18.48% | -3.67% | 36.22% | 1.87% |
Correlation
The correlation between IDRV and RIO is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Apr 22, 2019 | 0.54 |
The correlation between IDRV and RIO has been stable across timeframes, ranging from 0.52 to 0.58 - a consistent structural relationship.
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Return for Risk
IDRV vs. RIO — Risk / Return Rank
IDRV
RIO
IDRV vs. RIO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Self-Driving EV and 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.
| IDRV | RIO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.50 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.97 | 6.16 | -2.19 |
| Martin ratioReturn relative to average drawdown | 13.15 | 24.21 | -11.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IDRV | RIO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | 3.29 | -1.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.40 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.34 | +0.01 |
Drawdowns
IDRV vs. RIO - Drawdown Comparison
The maximum IDRV drawdown since its inception was -53.00%, 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.
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Drawdown Indicators
| IDRV | RIO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.00% | -88.97% | +35.97% |
Max Drawdown (1Y)Largest decline over 1 year | -12.62% | -15.19% | +2.57% |
Max Drawdown (3Y)Largest decline over 3 years | -44.00% | -24.19% | -19.81% |
Max Drawdown (5Y)Largest decline over 5 years | -53.00% | -35.25% | -17.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.47% | — |
Current DrawdownCurrent decline from peak | -13.79% | -3.73% | -10.06% |
Average DrawdownAverage peak-to-trough decline | -22.38% | -23.78% | +1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.80% | 3.85% | -0.05% |
Volatility
IDRV vs. RIO - Volatility Comparison
The current volatility for iShares Self-Driving EV and Tech ETF (IDRV) is 9.41%, while Rio Tinto Group (RIO) has a volatility of 11.49%. 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.
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Volatility by Period
| IDRV | RIO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.41% | 11.49% | -2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 18.86% | 23.38% | -4.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.81% | 28.44% | -3.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.70% | 29.16% | -1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.09% | 30.66% | -2.57% |
Dividends
IDRV vs. RIO - Dividend Comparison
IDRV's dividend yield for the trailing twelve months is around 1.45%, less than RIO's 3.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDRV iShares Self-Driving EV and Tech ETF | 1.45% | 1.70% | 2.68% | 2.17% | 2.29% | 1.12% | 0.69% | 1.29% | 0.00% | 0.00% | 0.00% | 0.00% |
RIO Rio Tinto Group | 3.73% | 4.66% | 7.40% | 5.40% | 10.48% | 10.23% | 5.13% | 7.68% | 6.32% | 4.47% | 3.93% | 7.58% |
Frequently Asked Questions
IDRV and RIO have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RIO has higher volatility (11.49%) compared to IDRV (9.41%). In terms of maximum drawdown, IDRV dropped -53.00% vs RIO's -88.97%.
RIO currently has the higher Sharpe Ratio (3.29 vs 2.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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