IEVD.DE vs. ECAR.L
Compare and contrast key facts about iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) (IEVD.DE) and iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) (ECAR.L).
IEVD.DE and ECAR.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IEVD.DE is a passively managed fund by iShares that tracks the performance of the STOXX® Global Electric Vehicles & Driving Technology. It was launched on Feb 20, 2019. ECAR.L is a passively managed fund by iShares that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Feb 20, 2019. Both IEVD.DE and ECAR.L 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: IEVD.DE or ECAR.L.
Correlation
The correlation between IEVD.DE and ECAR.L is 0.94, 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
IEVD.DE vs. ECAR.L - Performance Comparison
Key characteristics
IEVD.DE:
0.26
ECAR.L:
0.16
IEVD.DE:
0.47
ECAR.L:
0.36
IEVD.DE:
1.06
ECAR.L:
1.04
IEVD.DE:
0.28
ECAR.L:
0.17
IEVD.DE:
0.67
ECAR.L:
0.42
IEVD.DE:
7.40%
ECAR.L:
8.25%
IEVD.DE:
19.06%
ECAR.L:
21.25%
IEVD.DE:
-42.37%
ECAR.L:
-42.77%
IEVD.DE:
-5.80%
ECAR.L:
-10.20%
Returns By Period
In the year-to-date period, IEVD.DE achieves a -0.47% return, which is significantly lower than ECAR.L's 2.68% return.
IEVD.DE
-0.47%
-3.44%
6.70%
3.25%
8.38%
N/A
ECAR.L
2.68%
0.68%
3.30%
3.05%
8.35%
N/A
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IEVD.DE vs. ECAR.L - Expense Ratio Comparison
Both IEVD.DE and ECAR.L have an expense ratio of 0.40%.
Risk-Adjusted Performance
IEVD.DE vs. ECAR.L — Risk-Adjusted Performance Rank
IEVD.DE
ECAR.L
IEVD.DE vs. ECAR.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) (IEVD.DE) and iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) (ECAR.L). 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
IEVD.DE vs. ECAR.L - Dividend Comparison
Neither IEVD.DE nor ECAR.L has paid dividends to shareholders.
Drawdowns
IEVD.DE vs. ECAR.L - Drawdown Comparison
The maximum IEVD.DE drawdown since its inception was -42.37%, roughly equal to the maximum ECAR.L drawdown of -42.77%. Use the drawdown chart below to compare losses from any high point for IEVD.DE and ECAR.L. For additional features, visit the drawdowns tool.
Volatility
IEVD.DE vs. ECAR.L - Volatility Comparison
The current volatility for iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) (IEVD.DE) is 6.28%, while iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) (ECAR.L) has a volatility of 7.28%. This indicates that IEVD.DE experiences smaller price fluctuations and is considered to be less risky than ECAR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.