SMOG vs. DRIV

Last updated Jun 24, 2026

SMOG (VanEck Low Carbon Energy ETF) and DRIV (Global X Autonomous & Electric Vehicles ETF) are both exchange-traded funds - SMOG is a Alternative Energy Equities fund tracking the MVIS Global Low Carbon Energy Index, while DRIV is a Global Equities fund tracking the Solactive Autonomous & Electric Vehicles Index. Both are passively managed. Over the past 5 years, SMOG returned -0.48%/yr vs 7.67%/yr for DRIV. Their correlation of 0.82 suggests significant overlap in exposure. SMOG charges 0.61%/yr vs 0.68%/yr for DRIV.

Performance

SMOG vs. DRIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Low Carbon Energy ETF (SMOG) 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, SMOG achieves a 10.83% return, which is significantly lower than DRIV's 29.53% return.

SMOG

• 1D: -3.46%
• 1M: -5.46%
• YTD: 10.83%
• 6M: 10.00%
• 1Y: 33.70%
• 3Y*: 8.57%
• 5Y*: -0.48%
• 10Y*: 12.89%

DRIV

• 1D: -4.82%
• 1M: -5.16%
• YTD: 29.53%
• 6M: 27.42%
• 1Y: 72.16%
• 3Y*: 17.21%
• 5Y*: 7.67%
• 10Y*: —

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

SMOG vs. DRIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SMOG VanEck Low Carbon Energy ETF	10.83%	33.36%	-9.33%	1.42%	-29.92%	-2.75%	118.38%	38.86%	-10.49%
DRIV Global X Autonomous & Electric Vehicles ETF	29.53%	30.42%	-5.04%	26.14%	-34.13%	27.80%	62.76%	28.54%	-21.03%

Correlation

The correlation between SMOG and DRIV is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Apr 17, 2018	0.82

The correlation between SMOG and DRIV has been stable across timeframes, ranging from 0.82 to 0.83 - a consistent structural relationship.

SMOG vs. DRIV - Sectors Allocation Comparison

Sectors	SMOG	DRIV
Utilities	34.4%	-
Industrials	30.1%	18.0%
Consumer Cyclical	20.6%	25.3%
Technology	7.4%	37.3%
Energy	5.6%	-
Basic Materials	1.3%	13.7%
Financial Services	0.6%	-
Communication Services	-	5.7%
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

SMOG vs. DRIV — Risk / Return Rank

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

SMOG

SMOG Risk / Return Rank: 52
SMOG Sharpe Ratio Rank: 47
SMOG Sortino Ratio Rank: 43
SMOG Omega Ratio Rank: 44
SMOG Calmar Ratio Rank: 65
SMOG Martin Ratio Rank: 58

DRIV

DRIV Risk / Return Rank: 82
DRIV Sharpe Ratio Rank: 85
DRIV Sortino Ratio Rank: 74
DRIV Omega Ratio Rank: 75
DRIV Calmar Ratio Rank: 90
DRIV Martin Ratio Rank: 86

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.

SMOG vs. DRIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Low Carbon Energy ETF (SMOG) 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.

	SMOG	DRIV	Difference
Sharpe ratio: Return per unit of total volatility	1.56	2.63	-1.06
Sortino ratio: Return per unit of downside risk	2.09	3.13	-1.04
Omega ratio: Gain probability vs. loss probability	1.27	1.42	-0.15
Calmar ratio: Return relative to maximum drawdown	2.99	5.40	-2.41
Martin ratio: Return relative to average drawdown	9.70	17.18	-7.48

SMOG vs. DRIV - Sharpe Ratio Comparison

The current SMOG Sharpe Ratio is 1.56, which is lower than the DRIV Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of SMOG 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

SMOG vs. DRIV - Drawdown Comparison

The maximum SMOG drawdown since its inception was -84.39%, which is greater than DRIV's maximum drawdown of -41.93%. Use the drawdown chart below to compare losses from any high point for SMOG and DRIV.

Drawdown Indicators

	SMOG	DRIV	Difference
Max Drawdown Largest peak-to-trough decline	-84.39%	-41.93%	-42.46%
Max Drawdown (1Y) Largest decline over 1 year	-11.32%	-13.43%	+2.11%
Max Drawdown (3Y) Largest decline over 3 years	-28.72%	-34.18%	+5.46%
Max Drawdown (5Y) Largest decline over 5 years	-47.86%	-41.93%	-5.93%
Max Drawdown (10Y) Largest decline over 10 years	-51.10%	—	—
Current Drawdown Current decline from peak	-19.91%	-9.90%	-10.01%
Average Drawdown Average peak-to-trough decline	-52.37%	-15.07%	-37.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.48%	4.21%	-0.73%

Volatility

SMOG vs. DRIV - Volatility Comparison

The current volatility for VanEck Low Carbon Energy ETF (SMOG) is 9.15%, while Global X Autonomous & Electric Vehicles ETF (DRIV) has a volatility of 13.60%. This indicates that SMOG 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

	SMOG	DRIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.15%	13.60%	-4.45%
Volatility (6M) Calculated over the trailing 6-month period	17.34%	22.71%	-5.37%
Volatility (1Y) Calculated over the trailing 1-year period	21.70%	27.63%	-5.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.36%	27.57%	-2.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.74%	27.63%	-1.89%

SMOG vs. DRIV - Expense Ratio Comparison

SMOG has a 0.61% expense ratio, which is lower than DRIV's 0.68% expense ratio.

Dividends

SMOG vs. DRIV - Dividend Comparison

SMOG's dividend yield for the trailing twelve months is around 1.42%, more than DRIV's 0.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%
SMOG VanEck Low Carbon Energy ETF	1.42%	1.57%	1.64%	1.58%	1.32%	0.44%	0.06%	0.00%	0.62%	1.25%	2.12%	0.56%

Frequently Asked Questions

Can I hold both SMOG and DRIV in my portfolio?

SMOG and DRIV have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SMOG or DRIV?

DRIV has higher volatility (13.60%) compared to SMOG (9.15%). In terms of maximum drawdown, SMOG dropped -84.39% vs DRIV's -41.93%.

Which ETF is better, SMOG or DRIV?

On 5-year performance, DRIV leads with 7.67% vs -0.48% for SMOG. On fees, SMOG is cheaper at 0.61% per year. On volatility, SMOG has been the lower-risk option at 9.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SMOG or DRIV?

Over the 5-year period, DRIV has performed better with a 7.67% return vs -0.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SMOG or DRIV?

SMOG is cheaper with a 0.61% expense ratio, compared with 0.68% for DRIV.

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

SMOG has the higher dividend yield at 1.42%, compared with 0.83% for DRIV.

What is the main difference between SMOG and DRIV?

SMOG is categorized as Alternative Energy Equities, while DRIV is Global Equities. SMOG tracks MVIS Global Low Carbon Energy Index, while DRIV tracks Solactive Autonomous & Electric Vehicles Index. They also come from different issuers: VanEck and Global X. Their fees differ too: 0.61% for SMOG and 0.68% for DRIV.

Which has better risk-adjusted returns?

DRIV currently has the higher Sharpe Ratio (2.63 vs 1.56), 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.