RIVN vs. ICLN
Compare and contrast key facts about Rivian Automotive, Inc. (RIVN) and iShares Global Clean Energy ETF (ICLN).
ICLN is a passively managed fund by iShares that tracks the performance of the S&P Global Clean Energy Index. It was launched on Jun 24, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RIVN or ICLN.
Performance
RIVN vs. ICLN - Performance Comparison
Returns By Period
In the year-to-date period, RIVN achieves a -57.12% return, which is significantly lower than ICLN's -21.88% return.
RIVN
-57.12%
-1.76%
-4.19%
-38.62%
N/A
N/A
ICLN
-21.88%
-10.08%
-14.10%
-12.36%
3.61%
3.67%
Key characteristics
| RIVN | ICLN | |
|---|---|---|
| Sharpe Ratio | -0.56 | -0.47 |
| Sortino Ratio | -0.47 | -0.53 |
| Omega Ratio | 0.94 | 0.94 |
| Calmar Ratio | -0.44 | -0.17 |
| Martin Ratio | -0.90 | -1.06 |
| Ulcer Index | 46.32% | 11.11% |
| Daily Std Dev | 74.87% | 24.92% |
| Max Drawdown | -95.12% | -87.16% |
| Current Drawdown | -94.15% | -68.03% |
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Correlation
The correlation between RIVN and ICLN is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
RIVN vs. ICLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rivian Automotive, Inc. (RIVN) and iShares Global Clean Energy ETF (ICLN). 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
RIVN vs. ICLN - Dividend Comparison
RIVN has not paid dividends to shareholders, while ICLN's dividend yield for the trailing twelve months is around 1.81%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RIVN Rivian Automotive, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ICLN iShares Global Clean Energy ETF | 1.81% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% | 2.83% | 2.11% |
Drawdowns
RIVN vs. ICLN - Drawdown Comparison
The maximum RIVN drawdown since its inception was -95.12%, which is greater than ICLN's maximum drawdown of -87.16%. Use the drawdown chart below to compare losses from any high point for RIVN and ICLN. For additional features, visit the drawdowns tool.
Volatility
RIVN vs. ICLN - Volatility Comparison
Rivian Automotive, Inc. (RIVN) has a higher volatility of 25.98% compared to iShares Global Clean Energy ETF (ICLN) at 9.44%. This indicates that RIVN's price experiences larger fluctuations and is considered to be riskier than ICLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.