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

Key characteristics


IDRVSPY
YTD Return-15.27%21.01%
1Y Return-8.64%32.86%
3Y Return (Ann)-17.12%8.37%
5Y Return (Ann)4.16%14.97%
Sharpe Ratio-0.242.83
Sortino Ratio-0.163.76
Omega Ratio0.981.53
Calmar Ratio-0.134.05
Martin Ratio-0.4418.38
Ulcer Index14.55%1.85%
Daily Std Dev27.01%12.02%
Max Drawdown-50.37%-55.19%
Current Drawdown-43.85%-2.53%

Correlation

-0.50.00.51.00.8

The correlation between IDRV and SPY 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.

Performance

IDRV vs. SPY - Performance Comparison

In the year-to-date period, IDRV achieves a -15.27% return, which is significantly lower than SPY's 21.01% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-15.00%-10.00%-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
-4.62%
11.00%
IDRV
SPY

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IDRV vs. SPY - Expense Ratio Comparison

IDRV has a 0.47% expense ratio, which is higher than SPY's 0.09% expense ratio.


IDRV
iShares Self-driving EV & Tech ETF
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%
Expense ratio chart for SPY: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%

Risk-Adjusted Performance

IDRV vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Self-driving EV & Tech ETF (IDRV) and SPDR S&P 500 ETF (SPY). 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
Sharpe ratio
The chart of Sharpe ratio for IDRV, currently valued at -0.24, compared to the broader market0.002.004.00-0.24
Sortino ratio
The chart of Sortino ratio for IDRV, currently valued at -0.16, compared to the broader market0.005.0010.00-0.16
Omega ratio
The chart of Omega ratio for IDRV, currently valued at 0.98, compared to the broader market1.001.502.002.503.003.500.98
Calmar ratio
The chart of Calmar ratio for IDRV, currently valued at -0.13, compared to the broader market0.005.0010.0015.0020.00-0.13
Martin ratio
The chart of Martin ratio for IDRV, currently valued at -0.44, compared to the broader market0.0020.0040.0060.0080.00100.00120.00-0.44
SPY
Sharpe ratio
The chart of Sharpe ratio for SPY, currently valued at 2.83, compared to the broader market0.002.004.002.83
Sortino ratio
The chart of Sortino ratio for SPY, currently valued at 3.76, compared to the broader market0.005.0010.003.76
Omega ratio
The chart of Omega ratio for SPY, currently valued at 1.53, compared to the broader market1.001.502.002.503.003.501.53
Calmar ratio
The chart of Calmar ratio for SPY, currently valued at 4.05, compared to the broader market0.005.0010.0015.0020.004.05
Martin ratio
The chart of Martin ratio for SPY, currently valued at 18.38, compared to the broader market0.0020.0040.0060.0080.00100.00120.0018.38

IDRV vs. SPY - Sharpe Ratio Comparison

The current IDRV Sharpe Ratio is -0.24, which is lower than the SPY Sharpe Ratio of 2.83. The chart below compares the historical Sharpe Ratios of IDRV and SPY, 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-1.000.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
-0.24
2.83
IDRV
SPY

Dividends

IDRV vs. SPY - Dividend Comparison

IDRV's dividend yield for the trailing twelve months is around 2.49%, more than SPY's 1.23% yield.


TTM20232022202120202019201820172016201520142013
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%
SPY
SPDR S&P 500 ETF
1.23%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

IDRV vs. SPY - Drawdown Comparison

The maximum IDRV drawdown since its inception was -50.37%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IDRV and SPY. For additional features, visit the drawdowns tool.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-43.85%
-2.53%
IDRV
SPY

Volatility

IDRV vs. SPY - Volatility Comparison

iShares Self-driving EV & Tech ETF (IDRV) has a higher volatility of 7.72% compared to SPDR S&P 500 ETF (SPY) at 3.15%. This indicates that IDRV's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
7.72%
3.15%
IDRV
SPY