IEVD.DE vs. XNNV.DE
IEVD.DE (iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc)) and XNNV.DE (Xtrackers MSCI Innovation UCITS ETF 1C) are both Technology Equities funds - IEVD.DE tracks the STOXX® Global Electric Vehicles & Driving Technology while XNNV.DE tracks the MSCI ACWI IMI Innovation Select ESG Screened 200. Both are passively managed. Over the past 3 years, IEVD.DE returned 23.68%/yr vs 13.35%/yr for XNNV.DE. A 0.76 correlation means they provide meaningful diversification when combined. IEVD.DE charges 0.40%/yr vs 0.30%/yr for XNNV.DE.
Performance
IEVD.DE vs. XNNV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IEVD.DE achieves a 58.66% return, which is significantly higher than XNNV.DE's 5.08% return.
IEVD.DE
- 1D
- -1.86%
- 1M
- 18.11%
- YTD
- 58.66%
- 6M
- 57.41%
- 1Y
- 88.40%
- 3Y*
- 23.68%
- 5Y*
- 13.50%
- 10Y*
- —
XNNV.DE
- 1D
- 1.03%
- 1M
- 5.50%
- YTD
- 5.08%
- 6M
- 3.47%
- 1Y
- 15.03%
- 3Y*
- 13.35%
- 5Y*
- —
- 10Y*
- —
IEVD.DE vs. XNNV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IEVD.DE iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) | 58.66% | 10.81% | 5.27% | 23.03% | -8.87% |
XNNV.DE Xtrackers MSCI Innovation UCITS ETF 1C | 5.08% | 2.05% | 29.19% | 29.66% | -13.17% |
Correlation
The correlation between IEVD.DE and XNNV.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2022 | 0.76 |
The correlation between IEVD.DE and XNNV.DE has been stable across timeframes, ranging from 0.68 to 0.76 - a consistent structural relationship.
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Return for Risk
IEVD.DE vs. XNNV.DE — Risk / Return Rank
IEVD.DE
XNNV.DE
IEVD.DE vs. XNNV.DE - Risk-Adjusted Trends 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 Xtrackers MSCI Innovation UCITS ETF 1C (XNNV.DE). 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.
| IEVD.DE | XNNV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.68 | ||
| Sortino ratioReturn per unit of downside risk | +2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.18 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 4.17 | 1.01 | +3.17 |
| Martin ratioReturn relative to average drawdown | 9.74 | 2.80 | +6.94 |
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
| IEVD.DE | XNNV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.71 | 1.03 | +1.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.67 | -0.06 |
Drawdowns
IEVD.DE vs. XNNV.DE - Drawdown Comparison
The maximum IEVD.DE drawdown since its inception was -42.37%, which is greater than XNNV.DE's maximum drawdown of -25.90%. Use the drawdown chart below to compare losses from any high point for IEVD.DE and XNNV.DE.
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Drawdown Indicators
| IEVD.DE | XNNV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.37% | -25.90% | -16.47% |
Max Drawdown (1Y)Largest decline over 1 year | -21.18% | -15.02% | -6.16% |
Max Drawdown (3Y)Largest decline over 3 years | -30.23% | -25.90% | -4.33% |
Max Drawdown (5Y)Largest decline over 5 years | -30.39% | — | — |
Current DrawdownCurrent decline from peak | -1.86% | -0.91% | -0.95% |
Average DrawdownAverage peak-to-trough decline | -10.27% | -6.64% | -3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.09% | 5.41% | +3.68% |
Volatility
IEVD.DE vs. XNNV.DE - Volatility Comparison
iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) (IEVD.DE) has a higher volatility of 11.17% compared to Xtrackers MSCI Innovation UCITS ETF 1C (XNNV.DE) at 3.84%. This indicates that IEVD.DE's price experiences larger fluctuations and is considered to be riskier than XNNV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEVD.DE | XNNV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.17% | 3.84% | +7.33% |
Volatility (6M)Calculated over the trailing 6-month period | 19.50% | 10.61% | +8.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.58% | 14.72% | +17.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.27% | 18.07% | +6.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.27% | 18.07% | +7.20% |
IEVD.DE vs. XNNV.DE - Expense Ratio Comparison
IEVD.DE has a 0.40% expense ratio, which is higher than XNNV.DE's 0.30% expense ratio.
Dividends
IEVD.DE vs. XNNV.DE - Dividend Comparison
Neither IEVD.DE nor XNNV.DE has paid dividends to shareholders.
Frequently Asked Questions
IEVD.DE and XNNV.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XNNV.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XNNV.DE is cheaper with a 0.30% expense ratio, compared with 0.40% for IEVD.DE.
IEVD.DE tracks STOXX® Global Electric Vehicles & Driving Technology, while XNNV.DE tracks MSCI ACWI IMI Innovation Select ESG Screened 200. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.40% for IEVD.DE and 0.30% for XNNV.DE.
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