Snapshot*
Top 10 Holdings
What is IDRV?
The iShares Self-Driving EV and Tech ETF seeks to track the investment results of an index composed of developed and emerging market companies that may benefit from growth and innovation in and around electric vehicles, battery technologies and autonomous driving technologies.
ETFs related toIDRV
ETFs correlated to IDRV include DRIV, XT, KOMP
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
Automated Strategies
Related toIDRV
Pick the Trending Commodity
Opus-12
Create your own algorithmic trading strategy with IDRV using Composer
News Related to IDRV
Gary Black Doubles Down On Uber's Autonomy Upside, Reflects Debates With Tesla Faithful: 'I Was Right'
May 12, 2025 • by Vishaal Sanjay
GraniteShares Unleashes 2x Lucid And Rivian ETFs, But Are DRIV And IDRV The Smarter EV Plays?
Apr 22, 2025 • by Chandrima Sanyal
Gates And Bezos-Backed Startup Makes Move For DR Congo's Lithium
Mar 24, 2025 • by Stjepan Kalinic
FAQ
Disclaimers
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.