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IDRV
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iShares Self-Driving EV and Tech ETF (IDRV)

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$30.51
Delayed price
Profit since last BUY4.34%
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Consider higher Upturn Star rating
BUY since 128 days
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Upturn Advisory Summary

03/27/2025: IDRV (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type ETF
Historic Profit -28.96%
Avg. Invested days 37
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
ETF Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 03/27/2025

Key Highlights

Volume (30-day avg) 28643
Beta 1.57
52 Weeks Range 25.34 - 32.10
Updated Date 03/28/2025
52 Weeks Range 25.34 - 32.10
Updated Date 03/28/2025

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iShares Self-Driving EV and Tech ETF

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ETF Overview

Overview

The iShares Self-Driving EV and Tech ETF (IDRV) seeks to track the investment results of an index composed of companies that may benefit from the development of autonomous vehicles and electric vehicles technologies and driving, as well as related technologies.

Reputation and Reliability

iShares is a well-established brand under BlackRock, known for its broad range of ETFs and a solid track record.

Management Expertise

BlackRock has extensive experience in managing ETFs, providing a deep pool of expertise for fund management.

Investment Objective

Goal

To track the investment results of an index composed of companies that may benefit from the development of autonomous vehicles, electric vehicles, and related technologies.

Investment Approach and Strategy

Strategy: IDRV aims to track the ICE FactSet Global Autonomous Driving and Electric Vehicle Index.

Composition The ETF holds stocks of companies involved in self-driving and electric vehicle technology, including component manufacturers, technology providers, and vehicle producers.

Market Position

Market Share: Relatively moderate market share compared to broader technology ETFs.

Total Net Assets (AUM): 314934976

Competitors

Key Competitors

  • DRIV
  • KARS
  • LIT

Competitive Landscape

The competitive landscape includes several ETFs focusing on autonomous vehicles and EV technology. IDRV offers a broader scope including technology enablers, while others may focus more on vehicle manufacturers. DRIV is the closest competitor with a very similar focus, while KARS is focused on auto manufacturers and LIT focuses more on battery technology.

Financial Performance

Historical Performance: Historical performance data is dependent on market conditions and growth in the EV and autonomous driving sectors. Return values depend on the selected period.

Benchmark Comparison: The ETF's performance should be compared against the ICE FactSet Global Autonomous Driving and Electric Vehicle Index.

Expense Ratio: 0.47

Liquidity

Average Trading Volume

Average daily trading volume varies but is generally sufficient for most investors, ensuring ease of buying and selling shares.

Bid-Ask Spread

The bid-ask spread is typically tight, reflecting the fund's liquidity and efficiency of trading.

Market Dynamics

Market Environment Factors

Economic growth, government regulations supporting EV adoption, technological advancements in autonomous driving, and consumer demand significantly influence IDRV.

Growth Trajectory

The ETF's growth is tied to the increasing adoption of EVs and advancements in self-driving technology, with potential adjustments in holdings to reflect evolving market trends.

Moat and Competitive Advantages

Competitive Edge

IDRV benefits from the strong brand recognition and distribution network of iShares. Its broad exposure to the entire self-driving and EV ecosystem, including technology providers and component manufacturers, offers diversification. BlackRock's established expertise in managing ETFs provides a level of investor confidence. It offers a comprehensive approach to investing in the future of transportation technology with a global focus.

Risk Analysis

Volatility

Volatility can be influenced by the rapidly evolving technology sector and market sentiment towards electric and autonomous vehicles.

Market Risk

Specific risks include technological obsolescence, regulatory changes, and market downturns affecting the EV and autonomous driving industries.

Investor Profile

Ideal Investor Profile

Investors with a long-term investment horizon seeking exposure to the high-growth potential of the autonomous vehicle and electric vehicle industries would be most interested.

Market Risk

This ETF is suitable for long-term investors looking to capitalize on the growth of the EV and autonomous vehicle sectors.

Summary

The iShares Self-Driving EV and Tech ETF (IDRV) offers investors exposure to companies involved in the development and production of autonomous and electric vehicle technologies. Its performance depends on the growth of the EV and autonomous driving sectors, as well as technological advancements. With a relatively moderate expense ratio and good liquidity, it's a suitable investment vehicle for investors seeking long-term growth in this sector. As the ETF seeks to track the ICE FactSet Global Autonomous Driving and Electric Vehicle Index, it provides diversified investment in the rapidly growing electric vehicle and autonomous driving technology market. Investors should also consider the high volatility associated with the technology sector.

Similar Companies

  • DRIV
  • KARS
  • LIT
  • HAIL

Sources and Disclaimers

Data Sources:

  • iShares official website
  • ETF.com
  • Morningstar

Disclaimers:

Past performance is not indicative of future results. Investment involves risk, including the potential loss of principal.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About iShares Self-Driving EV and Tech ETF

Exchange NYSE ARCA
Headquaters -
IPO Launch date -
CEO -
Sector -
Industry -
Full time employees -
Website
Full time employees -
Website

The index is composed of equity securities of companies listed in one of 43 developed or emerging market countries that derive a certain specified percentage of their revenue from selected autonomous or electric vehicle-related industries, as defined by IDI. The fund generally will invest at least 80% of its assets in the component securities of the index and in investments that have economic characteristics that are substantially identical to the component securities of the index.

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