DRIV: Global X Autonomous & Electric Vehicles ETF
What this ETF is trying to do
The Global X Autonomous & Electric Vehicles ETF (ticker: DRIV) is designed to invest in companies involved in the autonomous and electric vehicle industries. This includes technology and manufacturing companies that support self-driving cars and electric transportation.
What the numbers show
The data shows that DRIV has experienced significant growth over several timeframes. When looking at the share-price movement alone (the price return), here is how it has performed:
• Year-to-Date (YTD) Price Return: Approximately 14.72%
• One-Year Price Return: Approximately 14.81%
• Three-Year Price Return: Approximately 46.85%
It is important to distinguish between price return and total return. Total return includes both the change in share price and any cash distributions paid out. For DRIV, the total returns are higher than the price returns:
• YTD Total Return: Approximately 14.94%
• One-Year Total Return: Approximately 15.59%
• Three-Year Total Return: Approximately 53.35%
An estimated price from roughly one year ago was $29.56, compared to the current price of $33.94.
Income and distribution explanation
DRIV provides some level of cash income through distributions, but it is not a frequent payer. The distribution yield is approximately 0.64%. Over the last 12 months, there were 2 payouts. The distribution frequency is described as "irregular" or "less frequent."
NAV erosion explanation
NAV erosion refers to a decline in the Net Asset Value (the actual value of the fund's underlying assets). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
However, regarding price-based evidence, the fund has an erosion score of 100, which is labeled as "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag.
Top Holdings
The following are the top holdings in the portfolio (note that this list is partial):
• MICROSOFT CORP: 4.09%
• INTEL CORP: 3.69%
• NVIDIA CORP: 3.38%
• ALPHABET INC CLASS A: 2.93%
• TESLA INC: 2.84%
• QUALCOMM INC: 2.76%
• TOYOTA MOTOR CORP: 2.52%
• BLOOM ENERGY CORP CLASS A: 1.92%
• RIO TINTO PLC ORDINARY SHARES: 1.80%
• SKYWORKS SOLUTIONS INC: 1.79%
Holdings can change over time.
Pros
• Strong positive price and total returns over the one-year and three-year periods.
• No detected price erosion based on the provided erosion score.
Cons
• The distribution yield is relatively low (0.64%).
• Distributions are irregular and occur less frequently.
Beginner takeaway
DRIV focuses on the future of transportation, specifically electric and self-driving vehicles. While it offers some cash distributions, its primary performance has been driven by share-price growth. Investors should remember that a low distribution yield means most of the fund's value comes from the price of the shares increasing rather than regular cash payments.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | MICROSOFT CORP | MSFT | 4.09% |
| 2 | INTEL CORP | INTC | 3.69% |
| 3 | NVIDIA CORP | NVDA | 3.38% |
| 4 | ALPHABET INC CLASS A | GOOGL | 2.93% |
| 5 | TESLA INC | TSLA | 2.84% |
| 6 | QUALCOMM INC | QCOM | 2.76% |
| 7 | TOYOTA MOTOR CORP | n/a | 2.52% |
| 8 | BLOOM ENERGY CORP CLASS A | BE | 1.92% |
| 9 | RIO TINTO PLC ORDINARY SHARES | n/a | 1.80% |
| 10 | SKYWORKS SOLUTIONS INC | SWKS | 1.79% |