DRIV
Global X Autonomous & Electric Vehicles ETF
DRIV seeks to invest in companies involved in the development of autonomous vehicle technology, electric vehicles (EVs), and EV components and materials. This includes companies involved in the development of autonomous vehicle software and hardware, as well as companies that produce EVs, EV components such as lithium batteries, and critical EV materials such as lithium and cobalt.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
68 bp
EXPENSES
$486.3 M
ASSETS UNDER MGMT
Fund Basics
Fund sponsor | Global X |
Category | Global |
Asset class | Equity |
Website | link... |
Inception date | Apr 13, 2018 |
Assets (mns) | $486 |
Expense ratio | 68 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | |
Taxation | 1099 |
Stock selection | Proprietary |
Weighting | Market Cap |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
NVIDIA CORP | 6.3 % |
ALPHABET INC. CLASS A | 3.6 % |
APPLE INC | 3.5 % |
QUALCOMM INC | 3.3 % |
MICROSOFT CORP | 3.3 % |
TESLA MOTORS INC | 3.2 % |
TOYOTA MOTOR CORP | 2.9 % |
HITACHI LTD | 2.5 % |
HONEYWELL INTERNATIONAL INC | 2.4 % |
INTEL CORP | 2.1 % |
Constituent Breakdown
Number of holdings | 75 |
Herfindahl-Hirschman Index | 207 |
Wgt avg mkt cap (mns) | $406,699 |
Large cap (>$10bn) | 64.6% |
Mid cap ($2-10bn) | 16.2% |
Small cap (<$2bn) | 18.0% |
Developed mkts. | 89.9% |
Emerging mkts. | 10.1% |
Country Exposure
UNITED STATES | 58.5 % | |
JAPAN | 11.2 % | |
SOUTH KOREA | 4.8 % | |
CANADA | 3.8 % | |
GERMANY | 3.4 % | |
CHINA | 3.2 % | |
NETHERLANDS | 2.7 % | |
BRITAIN | 2.4 % | |
FRANCE | 2.0 % | |
AUSTRALIA | 1.6 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | -6.2% | -10.3% | 5.0% | -5.6% | 12.6% | -- | 8.9% | Volatility | 19.4% | 21.0% | 26.5% | 27.1% | 29.0% | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.41 | 75% |
MSCI EAFE | 1.37 | 66% |
MSCI Emg Mkts | 1.16 | 49% |
Liquidity Measures
Avg. volume (000) | 89 |
Turnover | 0.4% |
Avg. Bid/Ask (% of price) | 0.32% |
ADV of underlying (mns) | $100,679 |
Technical Indicators
Recent close | $22.94 |
30d moving avg. | $24.20 |
Annualized volatility | 29.4% |
Relative strength (RSI) | 54 |
Short interest (ETF) | 0.2% |
Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. DRIV |
Expenses vs. DRIV |
ALTAR Score™ vs. DRIV |
---|---|---|---|---|
CARZ | First Trust NASDAQ Global Auto Index Fund | 43.1% | +2 bp | -2.7% |
CLNR | IQ Cleaner Transport ETF | 29.5% | -23 bp | +0.7% |
HAIL | SPDR S&P Kensho Smart Mobility ETF | 25.8% | -23 bp | -8.4% |
AIQ | Global X Artificial Intelligence & Technology ETF | 25.4% | 0 bp | -1.6% |
NACP | Impact Shares NAACP Minority Empowerment ETF | 24.9% | -19 bp | -0.5% |
SFYF | SoFi Social 50 ETF | 24.0% | -39 bp | -9.0% |
MOTO | SmartETFs Smart Transportation & Technology ETF | 23.0% | 0 bp | +1.5% |
QQQ | Invesco QQQ Trust Series I | 22.9% | -48 bp | -1.0% |
QQQM | Invesco NASDAQ 100 ETF | 22.9% | -53 bp | -0.9% |
MVPS | Amplify Thematic All-Stars ETF | 22.8% | -19 bp | -2.6% |
Risk and Returns: DRIV vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 7/25/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
DRIV
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
DRIV
5.7%
Cat. Avg
4.0%
Fund Category: Global
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 5.7% |
Recommendation
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
Category Overview
There are 352 funds in the Global category, with an average ALTAR Score™
of 4.0% and a standard deviation of
4.8%. DRIV's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places DRIV in the 63rd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
DRIV
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
Peer Group | Rules-Based Global Equity ETFs |
# of ETFs | 191 |
Avg. Expense Ratio | 55.4 bp |
Std. Deviation | 17.5 bp |
DRIV (68 bp) Percentile rank | 76 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
DRIV | 68.0 | 32.4 | 100.4 |
Peer Avg. | 51.3 | 36.4 | 87.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .