Global X Autonomous & Electric Vehicles ETF (DRIV)
| Assets | $398.00M |
| Expense Ratio | 0.68% |
| PE Ratio | 12.58 |
| Shares Out | 17.06M |
| Dividend (ttm) | $0.41 |
| Dividend Yield | 1.75% |
| Ex-Dividend Date | Jun 27, 2024 |
| Payout Ratio | 21.84% |
| 1-Year Return | -6.03% |
| Volume | 162,149 |
| Open | 22.77 |
| Previous Close | 22.98 |
| Day's Range | 22.76 - 23.48 |
| 52-Week Low | 20.13 |
| 52-Week High | 25.46 |
| Beta | 1.36 |
| Holdings | 79 |
| Inception Date | Apr 13, 2018 |
About DRIV
Fund Home PageThe Global X Autonomous & Electric Vehicles ETF (DRIV) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index that uses artificial intelligence to select global stocks involved in the development, production, or supporting technology of autonomous and electronic vehicles. DRIV was launched on Apr 13, 2018 and is issued by Global X.
Top 10 Holdings
29.69% of assets| Name | Symbol | Weight |
|---|---|---|
| Tesla, Inc. | TSLA | 5.65% |
| Alphabet Inc. | GOOGL | 3.26% |
| NVIDIA Corporation | NVDA | 3.25% |
| Microsoft Corporation | MSFT | 3.12% |
| Honeywell International Inc. | HON | 2.79% |
| Toyota Motor Corporation | 7203 | 2.74% |
| Hitachi, Ltd. | 6501 | 2.46% |
| QUALCOMM Incorporated | QCOM | 2.38% |
| Geely Automobile Holdings Limited | 0175 | 2.22% |
| Bloom Energy Corporation | BE | 1.81% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 27, 2024 | $0.183 | Jul 5, 2024 |
| Dec 28, 2023 | $0.224 | Jan 8, 2024 |
| Jun 29, 2023 | $0.175 | Jul 10, 2023 |
| Dec 29, 2022 | $0.139 | Jan 9, 2023 |
| Jun 29, 2022 | $0.108 | Jul 8, 2022 |
| Dec 30, 2021 | $0.042 | Jan 7, 2022 |
News
Where EV Stocks Are Going In 2025
The electric vehicle market lost some juice earlier in 2024, but October showed a sector comeback with some serious battery power.
Power Shift Part 2: Western Brands In China's EV Market
The Chinese market is increasingly dominated by domestic brands in the electric vehicle (EV) sector, posing a threat to Western manufacturers. This article provides an updated analysis of the EV marke...
An Update On The DRIV ETF Product
DRIV edged higher since November 2023, but remains in a sideways trading range. Composition of holdings has shifted towards chipmakers over car manufacturers. Concerns over oil prices and the upcoming...
Thinking Hard About The China Overproduction Narrative
Concerns about “overcapacity” arise primarily for goods linked to high-wage jobs, not for low-wage industries like clothing or toys. China sees its success as a result of a system that blends state co...
DRIV: Electric Vehicle ETF Passes My Road Test
Crude oil prices reached a record high in June 2022, leading to increased interest in electric vehicles. Electric vehicle sales increased to 18% of total car sales in 2023, up from 4% in 2020. DRIV ge...
REV to wind down transit-bus manufacturer ENC
Shares of REV Group Inc. rallied Monday, after the maker of electric- and hydrogen-powered commercial vehicles said it will pay out a special dividend with the cash generated by strategic actions, inc...
DRIV Dive: At The Trading Range Midpoint, This ETF Could Offer Value
Car dealers sold a record high of approximately 295,000 electric vehicles in the US from April to June 2023. The Global X Autonomous & Electric Vehicles ETF experienced a peak in demand for EVs in lat...
DRIV: Good Theme But Weak Momentum And Challenged Consumer
Global X Autonomous & Electric Vehicles ETF provides exposure to companies in the electric vehicles and autonomous driving segments. DRIV offers high growth potential in the expanding EV market and ad...
Bumpy September for auto ETFs as UAW strike, higher rates weigh
Exchange-traded funds tracking automakers saw net outflows last month on worries over the United Auto Workers' (UAW) strike against the "Detroit Three" and higher interest rates.
Going beyond Tesla: ETF bets solely on electric vehicle makers
Defiance ETFs is trying to change up the EV ETF market with an all-electric carmaker fund.
Beyond "Nvidia", broader AI beneficiaries
Beyond "Nvidia", broader AI beneficiaries.
Battery Electric Vehicle Share Growth Stalls, Hitting Ford Motor And Detroit Three Hardest
BEV sales growth in the U.S. is slowing, leading automakers to implement measures such as price cuts and production adjustments. Insufficient charging infrastructure, range anxiety, and high prices ar...
Unit Economics Suggest That The Cost Of Traveling By Electric Air Taxi Should Drop Precipitously
Electric air taxi companies have made significant strides since ARK estimated the industry's progress five years ago. he Federal Aviation Administration (FAA) has collaborated closely with the electri...
Utility EV maker Ev Transportation pulls IPO filing, citing a bad market for smaller companies
Ev Transportation Services Inc. EVTS filed Wednesday to withdraw its plan for an initial public offering, due to “adverse market conditions for smaller companies.” The withdrawal comes nearly a year a...
DRIV: Less About EV And More About Tech
The Global X Autonomous & Electric Vehicles ETF has experienced significant outflows in the past year, likely due to investors cashing out from significant gains. The ETF's portfolio is fairly diversi...
Autonomous Taxis May Have The Most Impact On GDP Of Any Innovation In History
Autonomous vehicles could be one of the most productive innovations of all time, impacting global gross domestic product (GDP) by approximately 20% over the next decade. Weighing the potential positiv...
EV stocks get a broad boost after Tesla, Rivian, Nio report upbeat deliveries data
Shares of electric vehicle makers got a broad boost Monday, after upbeat delivery and production data from a host of companies, including industry leader Tesla Inc. and those based in China.
Here's where BlackRock sees a top thematic ETF investing opportunity as tech soars
Hello! This week's ETF wrap shines the light on electric vehicles, an industry that BlackRock's Jay Jacobs says has taken off but still has a way to go — the kind of “inflection point” the firm looks ...
Power Shift: China's EV Market, Impact On Western Brands, And Some Trading Ideas
China is the most important car market, about as big as the US and Europe combined. It is an essential market for several brands.
U.S. Electric Vehicle Market Set For Sustained Growth Despite Stricter Subsidy Rules
Despite tougher rules for tax credits, US electric vehicle sales (including plug-in hybrids) are expected to grow to 1.4mn in 2023, accounting for 10% of total light-duty vehicle sales. This puts the ...
Carmakers Are Chasing Miners
The mining sector has underinvested over the last few years due, in part, to COVID and an emphasis on capital discipline. The speed at which regulators and carmakers want to drive the transition to EV...
EV ETFs: Ford, Affordability, And Looking Forward
This note takes a brief look at Ford's data, examines EVs from a thematic ETF perspective, and looks deeper into profitability issues from an ex sell-side analyst perspective. U.S. battery electric ve...
EV Market Growth Trend May Not Be So Inevitable
ETF structure offers investors exposure to a growing market with multiple variables.
DRIV: An Uninspiring Outlook Ahead
DRIV is a highly diversified autonomous vehicle and EV ETF. It is on my watchlist as leading indicators are not printing a favorable outlook currently. Leading consumer sentiment indicators suggest a ...
DRIV May Offer Road Map for Electric Car Investing
The Global X fund spreads electric vehicle risk beyond Tesla to Nvidia, Apple, GM.