DRIV


Autonomous & Electric Vehicles ETF

Reasons to Consider DRIV

High Growth Potential

While global EV registrations surpassed 13mm units in 2023,1 EVs still accounted for less than 15% of new vehicle sales worldwide,2 highlighting the opportunity for growth.

Advancing Clean Technologies

EVs produce zero direct emissions, meaning broader adoption could result in reduced greenhouse gas emissions and improved urban air quality. Further advances in autonomous driving could also enhance roadway safety.3

Unconstrained Approach

This theme is bigger than any single company. DRIV invests accordingly, with global exposure across multiple sectors and industries.

1Reuters, Jan 2024
2Wards Intelligence, Jan 2024
3Mckinsey & Company, Jan 2023

Key Information As of 02/28/24

Inception Date 04/13/18
Total Expense Ratio 0.68%
Net Assets $622.82 million
NAV $23.85
Fact Sheet View the document

ETF Summary

The Global X Autonomous & Electric Vehicles ETF (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.

ETF Objective

The Global X Autonomous & Electric Vehicles ETF (DRIV) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Autonomous & Electric Vehicles Index.

Trading Details As of 02/27/24

Ticker DRIV
Bloomberg Index Ticker SOLDRIV
CUSIP 37954Y624
ISIN US37954Y6243
Primary Exchange Nasdaq
Shares Outstanding 26,110,002
Number of Holdings 75
30-Day Median Bid-Ask Spread 0.18%

Distributions As of 02/28/24

30-Day SEC Yield 0.75%
Distribution Frequency Semi-Annually

ETF Prices As of 02/28/24

NAV $23.85 Daily Change -$0.10 -0.42%
Market Price $23.79 Daily Change -$0.12 -0.50%

Performance History

As of recent
(12/31/23)
As of recent
(12/31/23)
Fund NAV Market Price Index
1 Year 25.60% 26.13% 25.75%
3 Years 2.18% 2.01% 2.43%
5 Years 17.25% 17.24% 17.49%
Since Inception 10.60% 10.55% 10.78%
1 Year -1.92% -2.77% -1.87%
3 Years -2.93% -3.25% -2.71%
5 Years 13.23% 13.06% 13.46%
Since Inception 8.98% 8.85% 9.17%
Year-to-Date 25.60% 26.13% 25.75%
1 Month 7.64% 7.66% 7.78%
3 Months 5.86% 5.97% 6.02%
Since Inception 77.94% 77.45% 79.66%
Year-to-Date -7.40% -7.82% -7.38%
1 Month -7.40% -7.82% -7.38%
3 Months 11.03% 9.99% 11.24%
Since Inception 64.78% 63.57% 66.40%

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings As of 02/28/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
4.19 NVDA NVIDIA CORP 2379504 776.63 33,611 26,103,310.93
3.47 7203 JP TOYOTA MOTOR CORP 6900643 23.67 913,580 21,625,704.34
3.10 MSFT MICROSOFT CORP 2588173 407.72 47,371 19,314,104.12
2.88 AAPL APPLE INC 2046251 181.42 98,936 17,948,969.12
2.83 GOOGL ALPHABET INC-CL A BYVY8G0 136.38 129,004 17,593,565.52
2.82 QCOM QUALCOMM INC 2714923 155.85 112,761 17,573,801.85
2.73 TSLA TESLA INC B616C79 202.04 84,064 16,984,290.56
2.63 INTC INTEL CORP 2463247 41.99 390,471 16,395,877.29
2.25 HON HONEYWELL INTL 2020459 196.49 71,232 13,996,375.68
1.83 6501 JP HITACHI LTD 6429104 84.34 135,335 11,414,389.82
1.78 NXPI NXP SEMICONDUCTORS NV B505PN7 243.98 45,312 11,055,221.76
1.73 STLAM IM STELLANTIS NV BMD8KX7 26.40 408,418 10,781,495.34
1.68 GM GENERAL MOTORS CO B665KZ5 40.51 258,614 10,476,453.14
1.56 7267 JP HONDA MOTOR CO LTD 6435145 11.76 826,189 9,718,259.36
1.55 005380 KS HYUNDAI MOTOR CO 6451055 185.97 51,764 9,626,539.69
1.54 F FORD MOTOR CO 2615468 12.30 778,649 9,577,382.70
1.51 000270 KS KIA CORP 6490928 88.26 106,275 9,379,901.39
1.47 6902 JP DENSO CORP 6640381 18.29 501,325 9,169,545.55
1.46 COHR COHERENT CORP BNG8Z81 57.97 156,311 9,061,348.67
1.41 IFX GR INFINEON TECHNOLOGIES AG 5889505 35.94 243,863 8,763,933.90
1.37 VOW3 GR Volkswagen AG 5497168 136.38 62,479 8,521,155.95
1.35 ON ON SEMICONDUCTOR 2583576 76.47 110,121 8,420,952.87
1.32 WAB WABTEC CORP 2955733 139.49 58,907 8,216,937.43
1.32 6674 JP GS YUASA CORP 6744250 18.88 433,760 8,188,275.17
1.31 STMPA FP STMICROELECTRONICS NV 5962332 45.17 181,221 8,185,554.93
1.23 BIDU BAIDU INC - SPON ADR B0FXT17 103.31 73,859 7,630,373.29
1.20 THRM GENTHERM INC B8JFD24 57.07 131,389 7,498,370.23
1.19 ALB ALBEMARLE CORP 2046853 132.06 56,022 7,398,265.32
1.18 APTV APTIV PLC B783TY6 78.77 93,329 7,351,525.33
1.18 ATI ATI Inc 2526117 48.61 151,000 7,340,110.00
1.17 RNO FP RENAULT SA 4712798 41.92 174,207 7,302,508.00
1.16 ITT ITT INC BZBY209 125.61 57,322 7,200,216.42
1.15 TOM2 NA TOMTOM NV BFY1TC8 8.05 891,639 7,177,704.58
1.13 PLS AU PILBARA MINERALS LTD B2368L5 2.71 2,605,101 7,054,621.90
1.13 CBT CABOT CORP 2162500 83.68 84,005 7,029,538.40
1.11 LEA LEAR CORP B570P91 136.62 50,795 6,939,612.90
1.09 NKLA NIKOLA CORP BMBM6H7 0.77 8,846,541 6,797,682.10
1.09 LCID LUCID GROUP INC BP0TR77 3.23 2,099,503 6,781,394.69
1.09 175 HK GEELY AUTOMOBILE 6531827 1.08 6,274,100 6,764,960.40
1.08 CON GR CONTINENTAL AG 4598589 80.96 83,257 6,740,084.34
1.06 373220 KS LG ENERGY SOLUTION BNSP8W5 300.33 21,943 6,590,057.74
1.06 006400 KS SAMSUNG SDI CO LTD 6771645 286.08 22,962 6,568,934.80
1.05 7201 JP NISSAN MOTOR CO LTD 6642860 3.90 1,681,649 6,556,440.75
1.05 CEVA CEVA INC 2986937 22.14 295,306 6,538,074.84
1.03 6781 TT ADVANCED ENERGY BMXC4S2 21.37 301,000 6,431,013.20
1.03 SQM QUIMICA Y-SP ADR 2771122 46.02 139,573 6,423,149.46
1.03 AMBA AMBARELLA INC B7KH3G6 57.99 110,726 6,421,000.74
1.02 LUN CN LUNDIN MINING CORP 2866857 7.81 811,378 6,333,610.75
1.01 VC VISTEON CORP B4N0JJ6 112.55 55,622 6,260,256.10
1.00 PLUG PLUG POWER INC 2508386 3.43 1,820,209 6,243,316.87
0.99 IGO AU IGO LTD 6439567 5.29 1,168,600 6,177,367.07
0.96 APAM NA APERAM B58C6H1 30.28 196,831 5,960,504.51
0.95 JMAT LN JOHNSON MATTHEY PLC BZ4BQC7 19.59 301,883 5,913,132.79
0.95 ENS ENERSYS B020GQ5 90.46 65,194 5,897,449.24
0.94 LAZR LUMINAR TECHNOLOGIES INC BNG96D6 2.38 2,469,720 5,877,933.60
0.89 ALTM ARCADIUM LITHIUM PLC BM9HZ11 5.15 1,081,639 5,570,440.85
0.89 HY HYSTER-YALE MATERIALS B7LG306 58.01 95,996 5,568,247.98
0.88 BLDP BALLARD POWER SYSTEMS INC 2120371 3.05 1,792,548 5,467,271.40
0.87 MVIS MICROVISION INC B7N96Q0 2.15 2,532,120 5,444,058.00
0.87 INDI INDIE SEMICONDUCTOR INC-A BP4W0C8 6.08 891,967 5,418,699.53
0.87 NIO NIO INC - ADR BFZX9H8 5.43 992,862 5,391,240.66
0.86 1772 HK GANFENG LITHIU-H BZ9NS11 3.04 1,765,833 5,369,056.34
0.85 LAAC CN LITHIUM AMERICAS BRBS2X8 4.75 1,120,681 5,319,858.21
0.85 QS QUANTUMSCAPE CORP BMC73Z8 6.23 849,727 5,293,799.21
0.85 LAC CN LITHIUM AMERICAS CORP BRBS357 4.75 1,110,942 5,281,816.16
0.84 LTM AU ARCADIUM LITHIUM PLC-CDI BS715X9 4.94 1,063,329 5,254,911.87
0.83 1316 HK NEXTEER BBPD5F0 0.46 11,223,700 5,161,904.03
0.82 AXL AMER AXLE & MFG 2382416 6.62 773,316 5,119,351.92
0.82 7276 JP KOITO MFG CO 6496324 12.68 403,035 5,109,590.69
0.81 SITM SITIME CORP BKS48R6 93.15 53,869 5,017,897.35
0.80 XPEV XPENG INC - ADR BMXR2T4 8.73 569,109 4,968,321.57
0.79 BB BLACKBERRY LTD BCBHZ42 2.69 1,833,233 4,931,396.77
0.71 BE BLOOM ENERGY CORP- A BDD1BB8 8.99 492,345 4,426,181.55
0.69 FRVIA FP FORVIA 4400446 14.64 295,087 4,320,896.23
0.60 PLL PIEDMONT LITHIUM INC BMGHM13 13.86 269,338 3,733,024.68
0.21 OTHER PAYABLE & RECEIVABLES 1.00 1,289,772 1,289,772.10
0.01 EURO 1.08 59,802 64,792.32
0.00 CASH 1.00 3,404 3,404.18
0.00 HONG KONG DOLLAR 0.13 6,762 863.87
0.00 CANADIAN DOLLAR 0.74 472 347.66
0.00 TAIWAN DOLLAR 0.03 1 0.03
0.00 BRITISH STERLING POUND 1.00 0 0.01
0.00 KOREAN WON 0.00 -1 0.00
0.00 JAPANESE YEN 0.01 -291,747 -1,934.47
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 01/31/24

Sector Weight (%)
Consumer Discretionary 37.5
Information Technology 29.1
Industrials 16.0
Materials 12.2
Communication Services 4.3
Energy 0.8
Other 0.1

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Motor Vehicles 24.0
Semiconductors 17.1
Auto Parts: OEM 12.0
Electrical Products 7.6
Telecommunications Equipment 7.4
Internet Software/Services 4.7
Industrial Conglomerates 4.5
Packaged Software 4.4
Electronic Components 2.7
Trucks/Construction/Farm Machinery 2.6
Steel 2.2
Other 10.8

Source: new windowAltaVista Research, LLC

Country Weight (%)
United States 55.7
Japan 10.9
South Korea 5.3
Canada 4.5
Germany 4.0
China 3.8
Netherlands 2.8
Britain 2.6
France 2.0
Australia 1.9
Switzerland 1.3
Other 5.2

Source: new windowAltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Characteristics As of 02/27/24

Return on Equity 12.10%
Weighted Avg. Market Cap 405,691 M
2023 2024
Price-to-earnings 15.65 13.52
Price-to-book value 1.72 1.57

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 01/31/24

Versus Beta
S&P 500 1.41
NASDAQ-100 1.11
MSCI EAFE 1.34
MSCI Emg. Mkts 1.13
Standard Deviation 28.30%

Source: new windowAltaVista Research, LLC

ETF Research

Investing involves risk, including the possible loss of principal. The investable universe of companies in which DRIV may invest may be limited. The companies in which the Fund invests may be subject to rapid changes in technology, intense competition, rapid obsolescence of products and services, loss of intellectual property protections, evolving industry standards and frequent new product productions, and changes in business cycles and government regulation. There are additional risks associated with investing in mining industries.

International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. DRIV is non-diversified.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Beginning October 15, 2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share. Prior to October 15, 2020, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Solactive AG, nor does Solactive AG make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with Solactive AG.