Global X Autonomous & Electric Vehicles ETF
ALTAR
Score™
6.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
24.9x P/Sales
ratio
1.1x
P/BV
ratio
2.0x Div.
yield
1.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
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.

FUND BASICS
Category Global Equities
Fund Sponsor Global X
Website www.globalxfunds.com
Inception date Mar 27, 2018
Assets (mns) $19
Currency USD
Expense ratio 68 bp
Distributions

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 76
Wgt avg mkt cap (mns) $281,384
Large cap (>$10bn) 80.5%
Mid cap ($2-10bn) 13.6%
Small cap (<$2bn) 5.9%
Developed mkts 91.0%
Emerging mkts 9.0%

TOP TEN HOLDINGS
MICROSOFT CORP 5.9 %
APPLE INC 5.7 %
NVIDIA CORP 4.9 %
TESLA MOTORS INC 4.5 %
INTEL CORP 4.1 %
QUALCOMM INC 4.0 %
ALPHABET INC. CLASS A 4.0 %
ADVANCED MICRO DEVICES 3.8 %
CISCO SYSTEMS INC 3.7 %
TEXAS INSTRUMENTS INC 3.4 %
Total 44.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 74.3 %
SOUTH KOREA 7.1 %
JAPAN 6.4 %
GERMANY 3.9 %
SWITZERLAND 2.5 %
IRELAND 2.4 %
CHINA 2.3 %
NETHERLANDS 1.6 %
AUSTRALIA 1.3 %
BRITAIN 1.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-14.2% -8.0% -- -- -5.4%

Market Correlations
versus... Beta R-squared
S&P500 1.29 90%
MSCI EAFE 1.41 87%
MSCI Emg. Mkts. 1.12 83%

Technical Indicators
Recent close $13.72
30d moving avg. $12.47
Annualized volatility 27.0%
Short interest (ETF) 0.4%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 17
Turnover 1.2%
Bid/Ask (% of price) 0.59%
ADV underlying (mns) $57,975

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Global X Autonomous & Electric Vehicles ETF ETF based on the alternatives' overlap in portfolio holdings with DRIV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DRIV Expense: 68 bp ALTAR Score™: 6.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DRIV
Ticker Fund
Name
Overlap1
vs DRIV
(%)
Expense
ratio
(bp)
Savings
vs DRIV
(bp)
ALTAR
Score™
(%)
ALTAR
vs DRIV
(%)
IDRV iShares Self-driving EV & Tech ETF 55.2 47 21 7.3 +1.2
EKAR Innovation Shares NextGen Vehicles & Technology ETF 37.9 65 3 9.3 +3.2
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 36.2 70 -2 6.1 -0.1
XNTK SPDR Morgan Stanley Technology ETF 34.5 35 33 4.1 -2.1
JHMT John Hancock Multifactor Technology ETF 31.5 40 28 5.2 -0.9
IYW iShares U.S. Technology ETF 30.8 42 26 4.4 -1.8
QYLD Global X NASDAQ 100 Covered Call ETF 29.3 60 8 3.8 -2.4
NUSI Nationwide Risk-Managed Income ETF 28.9 68 0 3.8 -2.4
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 28.8 57 11 5.2 -1.0
QQQ Invesco QQQ Trust 28.5 20 48 4.2 -2.0
TDIV First Trust NASDAQ Technology Dividend Index Fund 28.4 50 18 5.9 -0.3
IGM iShares North American Tech ETF 28.1 46 22 4.1 -2.1
XLK Technology Select Sector SPDR Fund 28.0 13 55 5.1 -1.1
SOXX iShares PHLX Semiconductor ETF 27.7 46 22 5.5 -0.7
GDAT Goldman Sachs Motif Data-Driven World Etf 27.6 50 18 5.4 -0.8
IXN iShares Global Tech ETF 27.5 46 22 4.9 -1.3
AIQ Global X Future Analytics Tech ETF 27.4 68 0 4.3 -1.9
SMH VanEck Vectors Semiconductor ETF 26.9 35 33 5.8 -0.3
XKST SPDR Kensho Smart Mobility ETF 26.6 45 23 2.8 -3.4
VGT Vanguard Information Technology Index Fund 26.2 10 58 4.9 -1.3
FTEC Fidelity MSCI Information Technology Index ETF 26.1 8 60 4.9 -1.3
PSI Invesco Dynamic Semiconductors ETF 25.9 58 10 5.1 -1.1
TECB iShares US Tech Breakthrough Multisector ETF 25.8 40 28 4.2 -2.0
MTUM iShares Edge MSCI USA Momentum Factor ETF 25.6 15 53 4.8 -1.3
XSD SPDR S&P Semiconductor ETF 25.1 35 33 4.1 -2.1
IETC iShares Evolved U.S. Technology ETF 24.8 18 50 4.2 -2.0
VEGN US Vegan Climate ETF 24.4 60 8 5.4 -0.8
MOTO SmartETFs Smart Transportation & Technology ETF 24.1 68 0 8.6 +2.4
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 23.6 21 47 3.3 -2.9
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 23.4 49 19 4.3 -1.9
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 22.9 50 18 4.5 -1.6
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 21.9 15 53 6.4 +0.3
IOO iShares Global 100 ETF 21.5 40 28 5.0 -1.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 21.5 60 8 4.6 -1.5
KOIN Innovation Shares NextGen Protocol ETF 21.4 95 -27 4.5 -1.7
IQSU IQ Candriam ESG US Equity ETF 21.3 9 59 5.4 -0.8
TDV ProShares S&P Technology Dividend Aristocrats ETF 21.2 45 23 4.9 -1.3
LRGE ClearBridge Large Cap Growth ESG ETF 21.2 60 8 4.0 -2.1
IWY iShares Russell Top 200 Growth ETF 21.1 20 48 4.4 -1.8
FTXL First Trust Nasdaq Semiconductor ETF 21.0 60 8 5.2 -0.9
NACP Impact Shares NAACP Minority Empowerment ETF 20.8 75 -7 4.7 -1.5
OEF iShares S&P 100 ETF 20.8 20 48 5.0 -1.2
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 20.8 75 -7 2.2 -3.9
SUSA iShares MSCI USA ESG Select ETF 20.7 25 43 4.9 -1.2
FQAL Fidelity Quality Factor ETF 20.7 29 39 5.5 -0.6
QTUM Defiance Quantum ETF 20.4 40 28 5.6 -0.5
FVAL Fidelity Value Factor ETF 20.4 29 39 8.4 +2.2
QDYN FlexShares Quality Dividend Dynamic Index Fund 20.3 37 31 6.9 +0.7
SNPE Xtrackers S&P 500 ESG ETF 20.2 11 57 5.3 -0.9
SPXV ProShares S&P 500 Ex-Health Care ETF 20.2 27 41 5.3 -0.9
IWL iShares Russell Top 200 ETF 20.1 15 53 5.3 -0.9
SPXN ProShares S&P 500 Ex-Financials ETF 20.0 27 41 5.2 -1.0
MGC Vanguard Mega Cap Index Fund 19.9 7 61 5.4 -0.7
VONG Vanguard Russell 1000 Growth Index Fund 19.9 8 60 4.5 -1.7
IWF iShares Russell 1000 Growth ETF 19.8 19 49 4.4 -1.8
VOOG Vanguard S&P 500 Growth ETF 19.7 10 58 4.5 -1.7
SPYG SPDR Portfolio S&P 500 Growth ETF 19.7 4 64 4.5 -1.6
IVW iShares S&P 500 Growth ETF 19.7 18 50 4.4 -1.8
QDF FlexShares Quality Dividend Index Fund 19.6 37 31 6.9 +0.8
FDMO Fidelity Momentum Factor ETF 19.5 29 39 4.0 -2.2
MGK Vanguard Mega Cap Growth ETF 19.5 7 61 4.4 -1.8
RFFC RiverFront Dynamic US Flex-Cap ETF 19.4 52 16 5.6 -0.5
FDRR Fidelity Dividend ETF for Rising Rates 19.4 29 39 7.1 +1.0
IUS Invesco Strategic US ETF 19.4 19 49 6.4 +0.2
PBP Invesco S&P 500 BuyWrite ETF 19.3 49 19 5.3 -0.9
IUSG iShares Core S&P US Growth ETF 19.3 4 64 4.6 -1.6
ESG FlexShares STOXX US ESG Impact Index Fund 19.2 32 36 5.3 -0.9
HSPX Global X S&P 500 Covered Call ETF 19.2 65 3 5.2 -1.0
EPS WisdomTree U.S. Earnings 500 Fund 19.2 8 60 6.6 +0.4
ESGU iShares MSCI USA ESG Optimized ETF 19.0 15 53 5.3 -0.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 19.0 20 48 5.6 -0.6
XLG Invesco S&P 500 Top 50 ETF 19.0 20 48 4.7 -1.4
SPXE ProShares S&P 500 Ex-Energy ETF 19.0 27 41 5.5 -0.7
VUG Vanguard Growth Index Fund 18.9 4 64 4.3 -1.9
SPHQ Invesco S&P 500 Quality ETF 18.6 15 53 5.2 -1.0
SPMO Invesco S&P 500 Momentum ETF 18.6 13 55 4.5 -1.6
DGRW WisdomTree U.S. Quality Dividend Growth Fund 18.5 28 40 6.6 +0.5
ESGV Vanguard ESG U.S. Stock ETF 18.5 12 56 5.4 -0.7
SPLG SPDR Portfolio Large Cap ETF 18.4 3 65 5.6 -0.5
SPY SPDR S&P 500 ETF Trust 18.4 9 59 5.6 -0.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 18.4 12 56 5.2 -1.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 18.4 20 48 5.2 -1.0
IVV iShares Core S&P 500 ETF 18.4 4 64 5.6 -0.6
VOO VANGUARD S&P 500 ETF 18.4 3 65 5.6 -0.5
LEGR First Trust Index Digital Transaction & Process Technology E 18.2 65 3 7.5 +1.3
CATH Global X S&P 500 Catholic Values Custom ETF 18.2 29 39 5.5 -0.7
VV Vanguard Large-Cap Index Fund 18.2 4 64 5.5 -0.7
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 18.2 19 49 5.8 -0.4
RECS Columbia Research Enhanced Core ETF 18.1 15 53 5.8 -0.4
CARZ First Trust NASDAQ Global Auto Index Fund 18.1 70 -2 16.8 +10.6
PBUS Invesco PureBeta MSCI USA ETF 18.0 4 64 5.6 -0.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 18.0 2 66 5.6 -0.6
LRNZ TrueMark Technology, AI & Deep Learning ETF 17.9 68 0 0.9 -5.2
DIVB iShares U.S. Dividend & Buyback ETF 17.7 25 43 6.6 +0.4
NULC Nuveen ESG Large-Cap ETF 17.6 20 48 5.4 -0.8
SCHX Schwab U.S. Large-Cap ETF 17.6 3 65 5.5 -0.6
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 17.6 29 39 4.4 -1.8
SYE SPDR MFS Systematic Core Equity ETF 17.4 60 8 6.0 -0.1
FDLO Fidelity Low Volatility Factor ETF 17.4 29 39 5.3 -0.8
RYT Invesco S&P 500 Equal Weight Technology ETF 17.4 40 28 7.5 +1.3

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Global X Autonomous & Electric Vehicles ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.1 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 68 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.50 CATEGORY
AVERAGE
1.51
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.