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
422.3 M
ASSETS UNDER MGMT
68 bp
EXPENSES
Fund Basics
| Fund sponsor | Global X |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 13, 2018 |
| Assets (mns) | $422 |
| 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 +
| TESLA MOTORS INC | 4.1 % |
| NVIDIA CORP | 3.6 % |
| ALPHABET INC. CLASS A | 3.0 % |
| MICROSOFT CORP | 3.0 % |
| HONEYWELL INTERNATIONAL INC | 2.8 % |
| TOYOTA MOTOR CORP | 2.7 % |
| QUALCOMM INC | 2.5 % |
| HITACHI LTD | 2.5 % |
| GENERAL MOTORS CO | 2.0 % |
| INTEL CORP | 1.9 % |
Constituent Breakdown
| Number of holdings | 75 |
| Herfindahl-Hirschman Index | 168 |
| Wgt avg mkt cap (mns) | $238,950 |
| Large cap (>$10bn) | 57.9% |
| Mid cap ($2-10bn) | 22.4% |
| Small cap (<$2bn) | 19.7% |
| Developed mkts. | 87.2% |
| Emerging mkts. | 12.8% |
Country Exposure
 |
UNITED STATES | 52.3 % |
 |
JAPAN | 12.9 % |
 |
CHINA | 5.7 % |
 |
SOUTH KOREA | 4.1 % |
 |
CANADA | 4.0 % |
 |
GERMANY | 3.6 % |
 |
NETHERLANDS | 2.6 % |
 |
AUSTRALIA | 2.1 % |
 |
BRITAIN | 2.0 % |
 |
HONG KONG | 1.9 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -10.3% | 7.0% | 3.1% | -8.9% | 11.1% | -- | 7.7% | Volatility | 22.7% | 22.8% | 24.3% | 28.1% | 29.5% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.43 | 73% |
| MSCI EAFE | 1.30 | 63% |
| MSCI Emg Mkts | 1.20 | 52% |
Liquidity Measures
| Avg. volume (000) | 78 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.32% |
| ADV of underlying (mns) | $63,864 |
Technical Indicators
| Recent close | $23.42 |
| 30d moving avg. | $23.06 |
| Annualized volatility | 28.9% |
| Relative strength (RSI) | 47 |
| Short interest (ETF) | 0.1% |
| 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 | 38.9% | +2 bp | -1.0% |
| CLNR | IQ Cleaner Transport ETF | 29.5% | -23 bp | +2.0% |
| HAIL | SPDR S&P Kensho Smart Mobility ETF | 27.3% | -23 bp | -7.8% |
| FDRV | Fidelity Electric Vehicles and Future Transportation ETF | 24.5% | -29 bp | -6.5% |
| BATT | Amplify Lithium & Battery Technology ETF | 24.4% | -9 bp | -4.9% |
| MOTO | SmartETFs Smart Transportation & Technology ETF | 20.8% | 0 bp | +2.4% |
| IDRV | iShares Self-driving EV & Tech ETF | 18.8% | -21 bp | -5.2% |
| AIQ | Global X Artificial Intelligence & Technology ETF | 18.4% | 0 bp | -0.8% |
| WRND | IQ Global Equity R&D Leaders ETF | 17.8% | -50 bp | +2.7% |
| MVPS | Amplify Thematic All-Stars ETF | 17.8% | -19 bp | -2.2% |
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 11/21/2024
Peer Group Comparison Sample data. Subscribe for access.
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 Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
DRIV
4.8%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 376 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.7%. DRIV's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places DRIV in the 56th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
DRIVSELL
U/W
HOLD
O/W
BUY
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. | 51.8 | 32.7 | 84.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .