DRIVGlobal X Autonomous & Electric Vehicles ETF
DRIV Fund Description
DRIV tracks an index that uses artificial intelligence to select global stocks involved in the development, production, or supporting technology of autonomous and electronic vehicles.
DRIV Factset Analytics Insight
DRIV uses a proprietary natural language processing algorithm to identify companies with exposure to one of three segments: electronic vehicles (EV), electric vehicle components (EVC), and autonomous vehicle technology (AVT). The EVC segment is further split into two sub-groups: components and materials. Holdings may span the market-cap spectrum and come from across the globe, including some emerging markets. The algorithm scores eligible companies within each segment based on how frequently each firm is referenced in relation to specific keywords in public documents, such as financial news. The index is comprised of the top 15 companies in EV, top 30 in EVC (15 in each sub-group) and top 30 in AVT. The index uses a modified market-cap weighting, assigning 2% weight to each company in the bottom 20% of its segment, and capping all others at 3%. The index is reconstituted semi-annually.
DRIV MSCI ESG Analytics Insight
Global X Autonomous & Electric Vehicles ETF has an MSCI ESG Fund Rating of BBB based on a score of 6.17 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Global X Autonomous & Electric Vehicles ETF ranks in the 46th percentile within its peer group and in the 50th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
DRIV MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
DRIV Summary Data
DRIV Portfolio Data
DRIV Index Data
DRIV Portfolio Management
DRIV Tax Exposures
DRIV Fund Structure
DRIV Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of DRIV. DRIV is rated a 5 out of 5.
DRIV Economic Development
DRIV Performance Statistics
DRIV MSCI ESG Ratings
DRIV Benchmark Comparison Summary
DRIV Benchmark Comparison Market Cap Size