DRIV: An ETF to Buy for the Autonomous Vehicle Revolution | StockNews.com (2024)

FAQs

What is the best ETF for autonomous vehicles? ›

The iShares Self-Driving EV and Tech ETF seeks to track the investment results of an index composed of developed and emerging market companies that may benefit from growth and innovation in and around electric vehicles, battery technologies and autonomous driving technologies.

The ETF lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -7.42% during the next 3 months and, with a 90% probability hold a price between $19.50 and $21.50 at the end of this 3-month period.

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.

DRIV - Performance Comparison. In the year-to-date period, IDRV achieves a 11.14% return, which is significantly lower than DRIV's 14.59% return. Over the past 10 years, IDRV has outperformed DRIV with an annualized return of 11.15%, while DRIV has yielded a comparatively lower 9.53% annualized return.

1. Alphabet – Waymo. To the general public, Tesla and Waymo are perhaps the brand names most linked to self-driving cars.

Argo AI is a technology platform company that is working with leading automakers to deliver a fully integrated self-driving system that can be manufactured at scale for safe and reliable deployment in ride sharing and goods delivery services.

Which ETF has high Tesla holding? ›

DRIV's previous ex-dividend date was on Dec 28, 2022. DRIV shareholders who own DRIV ETF before this date received DRIV's last dividend payment of $0.14 per share on Jan 08, 2023.

The two key ways to invest in electric vehicles are to buy the stock of automakers that focus on making EVs, such as Tesla, or buy an exchange-traded fund that invests primarily in companies tied to EVs.

2019. In January 2019, Apple laid off more than 200 employees from their 'Project Titan' autonomous vehicle team. In June 2019, Apple acquired autonomous vehicle startup Drive.ai.

What is the highest traded ETF? ›

Mobileye. Mobileye, a pioneer in ADAS and other life-saving technologies, is the market leader in self-driving enablement. Using its skillsets in active driver safety and machine vision, Mobileye has created a world-class autonomous vehicle platform.

The 2023 Corsair, starting at about $40,000, will be the lowest-priced vehicle in the company to offer the technology. Ford's system uses a suite of cameras and sensors in addition to mapping for hands-free driving on more than 130,000 miles of dedicated highways in North America.

Waymo LLC, formerly known as the Google Self-Driving Car Project, is an American autonomous driving technology company headquartered in Mountain View, California. It is a subsidiary of Alphabet Inc., the parent company of Google.

Self-driving cars are good business investments because

The majority of individuals with typical incomes will move from a standard car to a self-driven car when technology reaches a point where it offers safety.

Through his holding company Berkshire Hathaway, Warren Buffett only owns one type of ETF: the S&P 500 ETF -- specifically, the Vanguard S&P 500 ETF (NYSEMKT: VOO) and the SPDR S&P 500 ETF Trust (NYSEMKT: SPY).

What Is the TSLA Bear Daily ETF? TSLQ, which launched in July 2022, is a single-stock exchange-traded fund that seeks to produce the inverse daily performance of Tesla stock.

Which ETF has the highest 10 year return? ›

SPDR S&P 500 Trust ETF (SPY)

Top holdings: Apple, Microsoft, Amazon, Facebook, Netflix, Alphabet, Tesla, Berkshire Hathaway, JP Morgan Chase, Johnson & Johnson.

Stock Price Forecast

The 35 analysts offering 12-month price forecasts for Tesla Inc have a median target of 187.40, with a high estimate of 300.00 and a low estimate of 71.00. The median estimate represents a +11.33% increase from the last price of 168.33.

DRIV has a dividend yield of 1.11% and paid $0.25 per share in the past year. The last ex-dividend date was Dec 29, 2022.

VDE-Vanguard Energy ETF | Vanguard.

After a tough 2022, investors are wondering if there is any value in the EV space. Tesla (TSLA): Tesla has to be at the top of every EV investor's radar. It's the leader in the space.

Is there an ETF for EV charging companies? ›

iShares Self Driving EV and Tech ETF (IDRV)

The ETF primarily focuses on investments in self-driving, electric vehicle, EV batteries and EV-related technology companies. The fund is fairly liquid (about 69,000 shares are traded daily), while it also maintains a low expense ratio of 0.47% (according to Yahoo Finance.)

1. Tesla. With a market cap of over $580 billion, Tesla is the largest EV manufacturer in the world. There are various attributes that differentiate Tesla from other automakers, but the most notable is its supply chain.

What is the DRIV ETF? The DRIV ETF is a passively managed fund that technically tracks the "Solactive Autonomous & Electric Vehicles Index".

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.

Polestar is the latest electric vehicle company to go public, listing its stock on the Nasdaq exchange Friday after successfully merging with a special-purpose acquisition company, or SPAC.

ARK Autonomous Technology & Robotics ETF (ARKQ)

ARKQ stock has benefited from its large Tesla position with a gain of 17.5% year-to-date, and the average ARKQ price target of $58.56 implies even more upside of 22.8% ahead. As you can see, Tesla is ARKQ's largest position, with a weighting of 13.7%.

Investors looking to build a portfolio around Tesla might be interested in the Consumer Discretionary Select Sector SPDR Fund (XLY 2.02%), the Ark Innovation ETF (ARKK 4.62%), or the First Trust Nasdaq Clean Edge Green Energy Index Fund (QCLN 3.90%).

Does QQQ have Tesla? ›

ARK Industrial Innovation ETF (ARKQ)

Tesla is the fund's top allocation at 9.5%.

TSLQ, which launched in July 2022, is a single-stock exchange-traded fund that seeks to produce the inverse daily performance of Tesla stock.