Global X Autonomous & Electric Vehicles
ALTAR
Score™
7.5% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
16.5x P/Sales
ratio
1.0x
P/BV
ratio
2.0x Div.
yield
2.0%


  • 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) $15
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) $213,449
Large cap (>$10bn) 78.2%
Mid cap ($2-10bn) 16.6%
Small cap (<$2bn) 5.2%
Developed mkts 91.3%
Emerging mkts 8.7%

TOP TEN HOLDINGS
MICROSOFT CORP 4.5 %
APPLE INC 4.5 %
QUALCOMM INC 3.9 %
HONEYWELL INTERNATIONAL INC 3.8 %
ALPHABET INC. CLASS A 3.5 %
TOYOTA MOTOR CORP 3.5 %
INTEL CORP 3.4 %
TEXAS INSTRUMENTS INC 3.3 %
CISCO SYSTEMS INC 3.3 %
SAMSUNG ELECTRONICS CO LTD 3.2 %
Total 36.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 67.6 %
JAPAN 7.7 %
SOUTH KOREA 6.6 %
GERMANY 5.4 %
IRELAND 3.0 %
SWITZERLAND 2.7 %
CHINA 2.2 %
BRITAIN 1.8 %
NETHERLANDS 1.8 %
FRANCE 1.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
22.3% 10.6% -- -- -0.4%

Market Correlations
versus... Beta R-squared
S&P500 1.38 87%
MSCI EAFE 1.59 84%
MSCI Emg. Mkts. 1.23 73%

Technical Indicators
Recent close $14.16
30d moving avg. $14.09
Annualized volatility 22.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 26
Turnover 2.5%
Bid/Ask (% of price) 0.35%
ADV underlying (mns) $29,090

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Global X Autonomous & Electric Vehicles 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™: 7.5%


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 52.4 47 21 8.9 +1.4
EKAR Innovation Shares NextGen Vehicles & Technology 34.1 95 -27 6.9 -0.6
KARS KraneShares Electric Vehicles & Future Mobility Index 31.7 70 -2 6.5 -1.0
XNTK SPDR NYSE Technology 29.8 35 33 5.6 -1.9
QTEC First Trust NASDAQ 100 Tech 29.4 57 11 6.0 -1.5
JHMT John Hancock Multifactor Technology 28.5 40 28 6.1 -1.5
IYW iShares US Technology 27.3 42 26 5.2 -2.3
GDAT Goldman Sachs Motif Data-Driven World 26.2 50 18 6.0 -1.6
TDIV First Trust NASDAQ Technology Dividend 26.1 50 18 6.7 -0.8
XKST SPDR Kensho Smart Mobility 25.3 45 23 5.9 -1.6
IXN iShares S&P Global Technology 24.8 46 22 5.3 -2.2
XLK Technology Select Sector SPDR 24.5 13 55 5.6 -1.9
QYLD Global X NASDAQ 100 Covered Call ETF 24.3 60 8 4.8 -2.7
IGM iShares S&P N. American Technology 24.3 46 22 4.6 -2.9
QQQ Invesco QQQ 24.1 20 48 5.2 -2.3
SOXX iShares PHLX SOX Semiconductor 23.6 46 22 6.1 -1.5
FTEC Fidelity MSCI Info Technology 23.3 8 60 5.5 -2.1
VGT Vanguard Info Tech ETF 23.3 10 58 5.4 -2.1
AIQ Global X Future Analytics Tech 23.1 68 0 4.5 -3.0
SMH VanEck Vectors Semiconductors 22.9 35 33 6.3 -1.2

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

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
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
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.8 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 68 bp
Equals: ALTAR Score 7.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.55
 
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.