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ETFs

Global X Funds Global X Autonomous & Electric Vehicles ETF

DRIV
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 13 2018
Expense Ratio
0.68%
Type
Global Ex. US Equities
Fund Owner
Global X
Volume (1m avg. daily)
$2,261,351
AUM
$744,970,959
Associated Index
Solactive Autonomous & Electric Vehicles Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

GOOGL
Alphabet Inc - Ordinary Shares - Class A
3.64%
7203
Toyota Motor Corporation
3.49%
AAPL
Apple Inc
3.19%
NVDA
NVIDIA Corp
3.15%
TSLA
Tesla Inc
3.07%
INTC
Intel Corp.
2.92%
HON
Honeywell International Inc
2.60%
QCOM
Qualcomm, Inc.
2.49%
MSFT
Microsoft Corporation
2.14%
7267
Honda Motor
1.96%
Invest with DRIV

What is DRIV?

The 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.

ETFs related toDRIV

ETFs correlated to DRIV include HIBL, SPHB, XT

DRIV
Global X Funds - Global X Autonomous & Electric Vehicles ETF
HIBL
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bull 3X Shares
SPHB
Invesco Capital Management LLC - Invesco S&P 500 High Beta ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
IDRV
iShares Trust - iShares Self-Driving EV and Tech ETF
ROBO
Exchange Traded Concepts Trust - ROBO Global Robotics and Automation Index ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

DRIV is a Global Ex. US Equities ETF. The 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.

DRIV tracks the Solactive Autonomous & Electric Vehicles Index.

No, DRIV is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, DRIV is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DRIV is -0.013%. This is the percent change in the value of DRIV over the most recent 1-month period. The 3-month return on DRIV is -0.0501%. This is the percent change in the value of DRIV over the most recent 3-month period.

The standard deviation of DRIV for the past year is 0.2735%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to DRIV include PBW, IGF, and ARKK.

ETFs correlated to DRIV include HIBL, SPHB, and XT.

ETFs that are inversely correlated to DRIV include HIBS, SDS, and SPXS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.