Global X Autonomous & Electric Vehicles ETF
ALTAR
Score™
5.8% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
57.9x P/Sales
ratio
1.1x
P/BV
ratio
1.9x Div.
yield
1.2%


  • 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 Apr 13, 2018
Assets (mns) $33
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 73
Wgt avg mkt cap (mns) $252,778
Large cap (>$10bn) 73.4%
Mid cap ($2-10bn) 14.9%
Small cap (<$2bn) 11.7%
Developed mkts 91.5%
Emerging mkts 8.5%

TOP TEN HOLDINGS
TESLA MOTORS INC 6.0 %
NVIDIA CORP 5.4 %
APPLE INC 4.2 %
MICROSOFT CORP 4.0 %
QUALCOMM INC 3.3 %
ALPHABET INC. CLASS A 3.1 %
CISCO SYSTEMS INC 3.0 %
ADVANCED MICRO DEVICES 2.8 %
SAMSUNG ELECTRONICS CO LTD 2.8 %
TOYOTA MOTOR CORP 2.6 %
Total 37.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 66.3 %
JAPAN 6.1 %
CHINA 5.1 %
GERMANY 4.4 %
SOUTH KOREA 3.9 %
NETHERLANDS 3.3 %
IRELAND 2.4 %
CANADA 1.9 %
BRITAIN 1.6 %
AUSTRALIA 1.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
5.0% 17.1% -- -- 4.2%

Market Correlations
versus... Beta R-squared
S&P500 1.31 88%
MSCI EAFE 1.43 88%
MSCI Emg. Mkts. 1.09 82%

Technical Indicators
Recent close $16.33
30d moving avg. $15.46
Annualized volatility 26.6%
Short interest (ETF) 0.5%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 29
Turnover 1.5%
Bid/Ask (% of price) 0.46%
ADV underlying (mns) $72,837

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™: 5.8%


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 51.7 47 21 6.7 +0.8
EKAR Innovation Shares NextGen Vehicles & Technology ETF 38.6 95 -27 7.6 +1.7
XNTK SPDR NYSE Technology ETF 33.8 35 33 3.5 -2.4
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 32.9 70 -2 7.2 +1.3
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 27.8 57 11 4.8 -1.1
GDAT Goldman Sachs Motif Data-Driven World Etf 26.6 50 18 4.6 -1.2
IYW iShares U.S. Technology ETF 26.0 42 26 3.8 -2.0
AIQ Global X Future Analytics Tech ETF 25.8 68 0 3.7 -2.2
QYLD Global X NASDAQ 100 Covered Call ETF 24.6 60 8 3.4 -2.5
JHMT John Hancock Multifactor Technology ETF 24.5 40 28 4.8 -1.1
NUSI Nationwide Risk-Managed Income ETF 24.5 68 0 3.3 -2.5
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 24.2 50 18 3.8 -2.1
QQQ Invesco QQQ Trust 24.1 20 48 3.7 -2.2
XKST SPDR Kensho Smart Mobility ETF 23.3 45 23 5.1 -0.8
TECB iShares US Tech Breakthrough Multisector ETF 23.3 40 28 3.9 -2.0
SPHQ Invesco S&P 500 Quality ETF 23.2 15 53 4.5 -1.3
MTUM iShares Edge MSCI USA Momentum Factor ETF 22.7 15 53 4.1 -1.8
XLK Technology Select Sector SPDR Fund 22.4 13 55 4.5 -1.3
SOXX iShares PHLX Semiconductor ETF 22.4 46 22 5.1 -0.8
SMH VanEck Vectors Semiconductor ETF 22.4 35 33 5.2 -0.7
IXN iShares Global Tech ETF 22.4 46 22 4.2 -1.6
VEGN US Vegan Climate ETF 22.3 60 8 5.0 -0.9
IGM iShares Expanded Tech Sector ETF 22.2 46 22 3.6 -2.2
SFYF SoFi 50 ETF 22.0 29 39 1.7 -4.2
MOTO SmartETFs Smart Transportation & Technology ETF 21.4 68 0 7.2 +1.3
FTEC Fidelity MSCI Information Technology Index ETF 21.2 8 60 4.3 -1.5
CARZ First Trust NASDAQ Global Auto Index Fund 21.1 70 -2 13.4 +7.6
VGT Vanguard Information Technology Index Fund 21.0 10 58 4.3 -1.5
TDIV First Trust NASDAQ Technology Dividend Index Fund 20.8 50 18 5.6 -0.2
XSD SPDR S&P Semiconductor ETF 20.3 35 33 3.7 -2.1
KOIN Innovation Shares NextGen Protocol ETF 20.1 95 -27 4.1 -1.8
TDV ProShares S&P Technology Dividend Aristocrats ETF 19.8 45 23 4.6 -1.2
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 19.8 21 47 3.0 -2.9
IETC iShares Evolved U.S. Technology ETF 19.7 18 50 3.6 -2.2
FTXL First Trust Nasdaq Semiconductor ETF 18.9 60 8 4.8 -1.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 18.9 49 19 3.8 -2.0
QTUM Defiance Quantum ETF 18.5 40 28 5.4 -0.4
FMK First Trust Mega Cap AlphaDEX Fund 18.2 70 -2 4.7 -1.2
LOUP Innovator Loup Frontier Tech ETF 18.1 70 -2 3.7 -2.1
JKE iShares Morningstar Large-Cap Growth ETF 17.9 25 43 2.7 -3.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 17.7 60 8 4.0 -1.9
HIPR Direxion High Growth ETF 17.7 40 28 4.3 -1.5
SUSA iShares MSCI USA ESG Select ETF 17.5 25 43 4.6 -1.2
PSI Invesco Dynamic Semiconductors ETF 17.5 58 10 4.5 -1.4
LEGR First Trust Index Digital Transaction & Process Technology E 17.4 65 3 6.8 +1.0
NACP Impact Shares NAACP Minority Empowerment ETF 17.3 75 -7 4.5 -1.3
IQSU IQ Candriam ESG US Equity ETF 17.1 9 59 4.9 -1.0
FQAL Fidelity Quality Factor ETF 17.0 29 39 5.4 -0.5
QDF FlexShares Quality Dividend Index Fund 16.9 37 31 6.0 +0.2
IOO iShares Global 100 ETF 16.7 40 28 4.6 -1.3
OEF iShares S&P 100 ETF 16.7 20 48 4.6 -1.2
EPS WisdomTree U.S. Earnings 500 Fund 16.7 8 60 6.3 +0.4
QDYN FlexShares Quality Dividend Dynamic Index Fund 16.7 37 31 6.0 +0.2
LRGE ClearBridge Large Cap Growth ESG ETF 16.7 59 9 3.6 -2.2
MGK Vanguard Mega Cap Growth ETF 16.6 7 61 3.9 -2.0
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 16.6 15 53 6.0 +0.2
IUS Invesco Strategic US ETF 16.4 19 49 6.3 +0.5
BKLC BNY Mellon US Large Cap Core Equity ETF 16.4 0 68 4.9 -0.9
FDMO Fidelity Momentum Factor ETF 16.4 29 39 3.7 -2.2
IWL iShares Russell Top 200 ETF 16.3 15 53 4.8 -1.1
IWY iShares Russell Top 200 Growth ETF 16.3 20 48 3.7 -2.2
WUGI Esoterica NextG Economy ETF 16.2 75 -7 1.6 -4.2
MGC Vanguard Mega Cap Index Fund 16.0 7 61 5.0 -0.8
SPXV ProShares S&P 500 Ex-Health Care ETF 16.0 27 41 4.8 -1.1
SNPE Xtrackers S&P 500 ESG ETF 16.0 11 57 4.9 -0.9
ESG FlexShares STOXX US ESG Impact Index Fund 15.9 32 36 4.9 -1.0
EXT WisdomTree U.S. Total Earnings Fund 15.9 28 40 5.0 -0.8
RYT Invesco S&P 500 Equal Weight Technology ETF 15.9 40 28 6.5 +0.6
SPXN ProShares S&P 500 Ex-Financials ETF 15.8 27 41 4.8 -1.1
PWB Invesco Dynamic Large Cap Growth ETF 15.8 55 13 3.3 -2.6
FVAL Fidelity Value Factor ETF 15.8 29 39 7.7 +1.9
KRMA Global X Conscious Companies ETF 15.7 43 25 5.0 -0.8
SPMO Invesco S&P 500 Momentum ETF 15.7 13 55 4.1 -1.7
SPYG SPDR Portfolio S&P 500 Growth ETF 15.7 4 64 4.2 -1.7
IVW iShares S&P 500 Growth ETF 15.7 18 50 4.0 -1.8
VOOG Vanguard S&P 500 Growth ETF 15.7 10 58 4.1 -1.8
VUG Vanguard Growth Index Fund 15.5 4 64 3.8 -2.1
RFDA RiverFront Dynamic US Dividend Advantage ETF 15.5 52 16 4.8 -1.0
XLG Invesco S&P 500 Top 50 ETF 15.5 20 48 4.3 -1.6
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 15.4 75 -7 3.8 -2.1
PBUS Invesco PureBeta MSCI USA ETF 15.4 4 64 5.1 -0.8
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 15.4 7 61 5.0 -0.8
ESGU iShares MSCI USA ESG Optimized ETF 15.3 15 53 4.9 -0.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 15.3 2 66 5.1 -0.7
IUSG iShares Core S&P US Growth ETF 15.3 4 64 4.2 -1.7
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 15.3 19 49 5.9 +0.0
QLC FlexShares US Quality Large Cap Index Fund 15.2 32 36 5.2 -0.6
SCHX Schwab U.S. Large-Cap ETF 15.2 3 65 5.1 -0.7
DIVB iShares U.S. Dividend & Buyback ETF 15.2 25 43 6.4 +0.6
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 15.2 59 9 4.0 -1.8
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 15.2 35 33 4.3 -1.6
VV Vanguard Large-Cap Index Fund 15.1 4 64 5.0 -0.8
PBP Invesco S&P 500 BuyWrite ETF 15.1 49 19 4.8 -1.0
SPXE ProShares S&P 500 Ex-Energy ETF 15.0 27 41 5.1 -0.8
VONG Vanguard Russell 1000 Growth Index Fund 15.0 8 60 3.7 -2.2
IWF iShares Russell 1000 Growth ETF 15.0 19 49 3.6 -2.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 15.0 20 48 5.1 -0.7
DGRW WisdomTree U.S. Quality Dividend Growth Fund 15.0 28 40 6.3 +0.5
ESGV Vanguard ESG U.S. Stock ETF 15.0 12 56 4.9 -0.9
IYY iShares Dow Jones U.S. ETF 14.9 20 48 5.0 -0.9

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:

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 12.0 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 68 bp
Equals: ALTAR Score 5.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 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.