KLMT vs. DRIV

Last updated Jun 25, 2026

KLMT (Invesco MSCI Global Climate 500 ETF) and DRIV (Global X Autonomous & Electric Vehicles ETF) are both Global Equities funds - KLMT tracks the MSCI ACWI Select Climate 500 Index while DRIV tracks the Solactive Autonomous & Electric Vehicles Index. Both are passively managed. Over the past year, KLMT returned 23.15% vs 66.02% for DRIV. Their correlation of 0.82 suggests significant overlap in exposure. KLMT charges 0.10%/yr vs 0.68%/yr for DRIV.

Performance

KLMT vs. DRIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco MSCI Global Climate 500 ETF (KLMT) and Global X Autonomous & Electric Vehicles ETF (DRIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KLMT achieves a 10.09% return, which is significantly lower than DRIV's 28.07% return.

KLMT

• 1D: -0.33%
• 1M: 0.00%
• YTD: 10.09%
• 6M: 9.12%
• 1Y: 23.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DRIV

• 1D: -1.13%
• 1M: -6.23%
• YTD: 28.07%
• 6M: 25.63%
• 1Y: 66.02%
• 3Y*: 16.77%
• 5Y*: 7.51%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

KLMT vs. DRIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
KLMT Invesco MSCI Global Climate 500 ETF	10.09%	21.31%	4.94%
DRIV Global X Autonomous & Electric Vehicles ETF	28.07%	30.42%	-1.16%

Correlation

The correlation between KLMT and DRIV is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (All Time) Calculated using the full available price history since Jun 26, 2024	0.82

The correlation between KLMT and DRIV has been stable across timeframes, ranging from 0.80 to 0.82 - a consistent structural relationship.

KLMT vs. DRIV - Sectors Allocation Comparison

Sectors	KLMT	DRIV
Technology	33.8%	37.3%
Financial Services	16.2%	-
Industrials	9.9%	18.0%
Communication Services	8.6%	5.7%
Consumer Cyclical	8.0%	25.3%
Healthcare	7.5%	-
Consumer Defensive	4.7%	-
Energy	3.2%	-
Basic Materials	2.7%	13.7%
Real Estate	2.6%	-
Utilities	1.8%	-

Return for Risk

KLMT vs. DRIV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KLMT

KLMT Risk / Return Rank: 60
KLMT Sharpe Ratio Rank: 60
KLMT Sortino Ratio Rank: 59
KLMT Omega Ratio Rank: 59
KLMT Calmar Ratio Rank: 57
KLMT Martin Ratio Rank: 65

DRIV

DRIV Risk / Return Rank: 81
DRIV Sharpe Ratio Rank: 84
DRIV Sortino Ratio Rank: 73
DRIV Omega Ratio Rank: 74
DRIV Calmar Ratio Rank: 90
DRIV Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KLMT vs. DRIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Global Climate 500 ETF (KLMT) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	KLMT	DRIV	Difference
Sharpe ratio: Return per unit of total volatility	1.75	2.41	-0.66
Sortino ratio: Return per unit of downside risk	2.43	2.93	-0.50
Omega ratio: Gain probability vs. loss probability	1.32	1.39	-0.07
Calmar ratio: Return relative to maximum drawdown	2.44	4.94	-2.50
Martin ratio: Return relative to average drawdown	10.30	15.51	-5.21

KLMT vs. DRIV - Sharpe Ratio Comparison

The current KLMT Sharpe Ratio is 1.75, which is comparable to the DRIV Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of KLMT and DRIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

KLMT vs. DRIV - Drawdown Comparison

The maximum KLMT drawdown since its inception was -16.87%, smaller than the maximum DRIV drawdown of -41.93%. Use the drawdown chart below to compare losses from any high point for KLMT and DRIV.

Drawdown Indicators

	KLMT	DRIV	Difference
Max Drawdown Largest peak-to-trough decline	-16.87%	-41.93%	+25.06%
Max Drawdown (1Y) Largest decline over 1 year	-9.54%	-13.43%	+3.89%
Max Drawdown (3Y) Largest decline over 3 years	—	-34.18%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-41.93%	—
Current Drawdown Current decline from peak	-2.50%	-10.92%	+8.42%
Average Drawdown Average peak-to-trough decline	-1.91%	-15.07%	+13.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	4.27%	-2.02%

Volatility

KLMT vs. DRIV - Volatility Comparison

The current volatility for Invesco MSCI Global Climate 500 ETF (KLMT) is 5.41%, while Global X Autonomous & Electric Vehicles ETF (DRIV) has a volatility of 13.38%. This indicates that KLMT experiences smaller price fluctuations and is considered to be less risky than DRIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KLMT	DRIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.41%	13.38%	-7.97%
Volatility (6M) Calculated over the trailing 6-month period	11.08%	22.72%	-11.64%
Volatility (1Y) Calculated over the trailing 1-year period	13.38%	27.65%	-14.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.02%	27.57%	-11.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.02%	27.63%	-11.61%

KLMT vs. DRIV - Expense Ratio Comparison

KLMT has a 0.10% expense ratio, which is lower than DRIV's 0.68% expense ratio.

Dividends

KLMT vs. DRIV - Dividend Comparison

KLMT's dividend yield for the trailing twelve months is around 1.79%, more than DRIV's 0.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DRIV Global X Autonomous & Electric Vehicles ETF	0.83%	1.07%	2.07%	1.62%	1.24%	0.32%	0.29%	1.23%	2.79%
KLMT Invesco MSCI Global Climate 500 ETF	1.79%	1.95%	0.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KLMT and DRIV in my portfolio?

KLMT and DRIV have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KLMT or DRIV?

DRIV has higher volatility (13.38%) compared to KLMT (5.41%). In terms of maximum drawdown, KLMT dropped -16.87% vs DRIV's -41.93%.

Which ETF is better, KLMT or DRIV?

On 1-year performance, DRIV leads with 66.02% vs 23.15% for KLMT. On fees, KLMT is cheaper at 0.10% per year. On volatility, KLMT has been the lower-risk option at 5.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KLMT or DRIV?

Over the 1-year period, DRIV has performed better with a 66.02% return vs 23.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KLMT or DRIV?

KLMT is cheaper with a 0.10% expense ratio, compared with 0.68% for DRIV.

Which ETF pays a higher dividend yield, KLMT or DRIV?

KLMT has the higher dividend yield at 1.79%, compared with 0.83% for DRIV.

What is the main difference between KLMT and DRIV?

KLMT tracks MSCI ACWI Select Climate 500 Index, while DRIV tracks Solactive Autonomous & Electric Vehicles Index. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.10% for KLMT and 0.68% for DRIV.

Which has better risk-adjusted returns?

DRIV currently has the higher Sharpe Ratio (2.41 vs 1.75), 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.