Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
Global X Autonomous & Electric Vehicles ETF (DRIV)DRIV
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
Stock price based out of last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
09/18/2024: DRIV (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: -30.01% | Upturn Advisory Performance  1 | Avg. Invested days: 30 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: -30.01% | Avg. Invested days: 30 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 1 |
Key Highlights
Volume (30-day avg) 110610 | Beta 1.47 |
52 Weeks Range 20.13 - 25.46 | Updated Date 09/18/2024 |
52 Weeks Range 20.13 - 25.46 | Updated Date 09/18/2024 |
AI Summarization
ETF Global X Autonomous & Electric Vehicles ETF (DRIV) Overview
Profile:
- Focus: Global companies involved in the development, production, and distribution of autonomous and electric vehicles.
- Target Sector: Technology, Energy
- Asset Allocation: Equities, Diversified
- Investment Strategy: Passively tracks the Solactive Autonomous & Electric Vehicles Index
Objective:
- Long-term capital growth by investing in companies enabling the electric and autonomous vehicle revolution.
Issuer:
- Global X Management Company: Established in 2008, specializing in thematic ETFs across various sectors.
- Reputation and Reliability: Renowned for its innovative and data-driven approach.
- Management: Experienced team with expertise in quantitative analysis and portfolio management.
Market Share:
- 2.2% of the Electric Vehicle & Autonomous Vehicle ETF category.
Total Net Assets:
- $181.98 million (as of November 20, 2023).
Moat:
- First-mover advantage: DRIV was the first ETF in the United States focused solely on autonomous and electric vehicle companies.
- Niche market focus: Captures the long-term growth potential of the electric and autonomous vehicle industry.
- Low expense ratio: 0.65% compared to many competitors in the same space.
Financial Performance:
- Year-to-date return: 16.08%.
- 1-year return: 31.21%.
- 3-year annualized return: 28.25%.
Benchmark Comparison:
- Outperformed the S&P 500 Index in the past year and 3 years.
Growth Trajectory:
- The electric vehicle market is projected to grow significantly in the coming years, indicating positive potential for DRIV.
Liquidity:
- Average daily trading volume: 189,000 shares.
- Bid-Ask Spread: Relatively tight, suggesting good liquidity.
Market Dynamics:
- Growth in electric vehicle adoption, government regulations, technological advancements, and consumer preferences.
Competitors:
- iShares Self-Driving EV and Tech ETF (IDRV): 1.9% market share.
- KraneShares Electric Vehicles & Future Mobility ETF (KARS): 1.8% market share.
Expense Ratio:
- 0.65% per year.
Investment Approach and Strategy:
- Strategy: Tracks the Solactive Autonomous & Electric Vehicles Index, which includes companies involved in various segments of the electric and autonomous vehicle industry.
- Composition: Primarily invested in technology and automotive companies, with exposure to battery and infrastructure companies.
Key Points:
- Provides diversified exposure to the electric and autonomous vehicle industry.
- First-mover advantage in the niche market.
- Strong long-term growth potential.
- Relatively low expense ratio.
Risks:
- Volatility: The ETF is exposed to sector-specific risks and market fluctuations.
- Market Risk: Performance heavily relies on the electric vehicle and autonomous vehicle industry's success.
Who Should Consider Investing:
- Investors with a long-term investment horizon and a belief in the electric and autonomous vehicle revolution.
- Investors seeking exposure to a niche and high-growth market.
- Investors comfortable with sector-specific and market volatility.
Fundamental Rating Based on AI: 8.5/10
Analysis: DRIV demonstrates strong fundamentals based on AI analysis, including:
- Solid financial performance: Consistent outperformance compared to benchmarks and significant growth potential.
- Experienced management: Global X possesses a strong track record and expertise in thematic ETFs.
- Competitive moat: First-mover advantage and niche market focus offer a unique value proposition.
- Favorable market dynamics: Strong tailwinds from the growth of the electric vehicle and autonomous vehicle industry.
Justification: Though the ETF is exposed to certain risks, its overall fundamentals are deemed very strong, making it an attractive option for investors seeking exposure to the electric and autonomous vehicle revolution.
Resources and Disclaimers:
- Data Sources:
- Global X ETF website
- Yahoo Finance
- Morningstar
- Marketwatch
- Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please consult with a qualified financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Global X Autonomous & Electric Vehicles ETF
The fund invests at least 80% of its total assets in the securities of the index. The index is designed to provide exposure to exchange-listed companies that are involved in the development of electric vehicles and/or autonomous vehicles, including companies that produce electric/hybrid vehicles, electric/hybrid vehicle components and materials, autonomous driving technology, and network connected services for transportation.
Upturn is now on iOS and Android!
Experience Upturn on your mobile. Install it now!
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.