PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
KARS vs. DRIV
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


KARSDRIV
YTD Return-14.12%-7.68%
1Y Return-11.03%3.01%
3Y Return (Ann)-23.94%-9.58%
5Y Return (Ann)1.61%10.66%
Sharpe Ratio-0.210.40
Sortino Ratio-0.110.70
Omega Ratio0.991.08
Calmar Ratio-0.100.27
Martin Ratio-0.351.22
Ulcer Index17.76%7.42%
Daily Std Dev28.97%22.82%
Max Drawdown-64.60%-39.24%
Current Drawdown-56.35%-26.97%

Correlation

-0.50.00.51.00.8

The correlation between KARS and DRIV is 0.85, 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

KARS vs. DRIV - Performance Comparison

In the year-to-date period, KARS achieves a -14.12% return, which is significantly lower than DRIV's -7.68% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-20.00%0.00%20.00%40.00%60.00%80.00%JuneJulyAugustSeptemberOctoberNovember
4.18%
61.01%
KARS
DRIV

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


KARS vs. DRIV - Expense Ratio Comparison

KARS has a 0.70% expense ratio, which is higher than DRIV's 0.68% expense ratio.


KARS
KraneShares Electric Vehicles & Future Mobility Index ETF
Expense ratio chart for KARS: current value at 0.70% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.70%
Expense ratio chart for DRIV: current value at 0.68% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.68%

Risk-Adjusted Performance

KARS vs. DRIV - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares Electric Vehicles & Future Mobility Index ETF (KARS) and Global X Autonomous & Electric Vehicles ETF (DRIV). 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.


KARS
Sharpe ratio
The chart of Sharpe ratio for KARS, currently valued at -0.21, compared to the broader market-2.000.002.004.006.00-0.21
Sortino ratio
The chart of Sortino ratio for KARS, currently valued at -0.11, compared to the broader market0.005.0010.00-0.11
Omega ratio
The chart of Omega ratio for KARS, currently valued at 0.99, compared to the broader market1.001.502.002.503.003.500.99
Calmar ratio
The chart of Calmar ratio for KARS, currently valued at -0.10, compared to the broader market0.005.0010.0015.0020.00-0.10
Martin ratio
The chart of Martin ratio for KARS, currently valued at -0.35, compared to the broader market0.0020.0040.0060.0080.00100.00120.00-0.35
DRIV
Sharpe ratio
The chart of Sharpe ratio for DRIV, currently valued at 0.40, compared to the broader market-2.000.002.004.006.000.40
Sortino ratio
The chart of Sortino ratio for DRIV, currently valued at 0.70, compared to the broader market0.005.0010.000.70
Omega ratio
The chart of Omega ratio for DRIV, currently valued at 1.08, compared to the broader market1.001.502.002.503.003.501.08
Calmar ratio
The chart of Calmar ratio for DRIV, currently valued at 0.27, compared to the broader market0.005.0010.0015.0020.000.27
Martin ratio
The chart of Martin ratio for DRIV, currently valued at 1.22, compared to the broader market0.0020.0040.0060.0080.00100.00120.001.22

KARS vs. DRIV - Sharpe Ratio Comparison

The current KARS Sharpe Ratio is -0.21, which is lower than the DRIV Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of KARS and DRIV, 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-1.50-1.00-0.500.000.50JuneJulyAugustSeptemberOctoberNovember
-0.21
0.40
KARS
DRIV

Dividends

KARS vs. DRIV - Dividend Comparison

KARS's dividend yield for the trailing twelve months is around 1.02%, less than DRIV's 1.80% yield.


TTM202320222021202020192018
KARS
KraneShares Electric Vehicles & Future Mobility Index ETF
1.02%0.88%1.13%6.73%0.14%1.85%1.38%
DRIV
Global X Autonomous & Electric Vehicles ETF
1.80%1.62%1.24%0.32%0.29%1.23%2.79%

Drawdowns

KARS vs. DRIV - Drawdown Comparison

The maximum KARS drawdown since its inception was -64.60%, which is greater than DRIV's maximum drawdown of -39.24%. Use the drawdown chart below to compare losses from any high point for KARS and DRIV. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%JuneJulyAugustSeptemberOctoberNovember
-56.35%
-26.97%
KARS
DRIV

Volatility

KARS vs. DRIV - Volatility Comparison

KraneShares Electric Vehicles & Future Mobility Index ETF (KARS) has a higher volatility of 12.68% compared to Global X Autonomous & Electric Vehicles ETF (DRIV) at 5.47%. This indicates that KARS's price experiences larger fluctuations and is considered to be riskier than DRIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%14.00%16.00%JuneJulyAugustSeptemberOctoberNovember
12.68%
5.47%
KARS
DRIV