Which stocks are most correlated with IDRV?

Based on one year of daily returns, the stocks most correlated with iShares Self-Driving EV and Tech ETF (IDRV) are FDRV (0.89), DRIV (0.89) and KARS (0.89). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with IDRV?

Over the past year, the stocks most inversely correlated with iShares Self-Driving EV and Tech ETF (IDRV) are EUM (-0.80), EEV (-0.80) and EDZ (-0.80). A negative correlation means the two stocks have tended to move in opposite directions.

iShares Self-Driving EV and Tech ETF (IDRV) — Stock Correlations & Overview

Over the past year, IDRV has moved most closely with FDRV, DRIV, KARS. Explore the stocks most correlated and inversely correlated with IDRV below, along with its price, financials, and company profile.

Stocks correlated with IDRV

Correlation of daily returns. Higher positive values move with IDRV; negative values move opposite it. Informational only, not investment advice.

Most correlated with IDRV

Symbol	Company	Correlation
FDRV	Fidelity Electric Vehicles and Future Transportation ETF	0.89
DRIV	Global X Autonomous & Electric Vehicles ETF	0.89
KARS	KraneShares Electric Vehicles and Future Mobility Index ETF	0.89
SMOG	VanEck Low Carbon Energy ETF	0.86
ERTH	Invesco MSCI Sustainable Future ETF	0.86

Most inversely correlated with IDRV

Symbol	Company	Correlation
EUM	ProShares Trust Short MSCI Emerging Markets	-0.80
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.80
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.80
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.77
SPXU	ProShares UltraPro Short S&P 500	-0.74

Frequently asked questions about IDRV correlations

Which stocks are most correlated with IDRV?: Based on one year of daily returns, the stocks most correlated with iShares Self-Driving EV and Tech ETF (IDRV) are FDRV (0.89), DRIV (0.89) and KARS (0.89). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with IDRV?: Over the past year, the stocks most inversely correlated with iShares Self-Driving EV and Tech ETF (IDRV) are EUM (-0.80), EEV (-0.80) and EDZ (-0.80). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these IDRV correlations calculated?: We compute the correlation of daily returns between IDRV and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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