Have you ever given your car keys to a valet?
Cheers.
And those are publicly known capabilities. You should assume that potential adversaries will have more than that. Am I certain that such exploits are known for the very most recent iPhone/iOS? No. But it would still be foolish to bet on them not being known.
Stealing it may be more difficult, but it's much easier to lose a phone than a car. I've never lost my car, but I've lost 2 phones (I got one of them back).
Even if you think of the people you're giving the phone to are trust worthy there's just no good goddamn reason to risk it.