This is a passive thematic ETF that tracks an index of global companies in the future mobility industry, including electric vehicle makers, parts and battery companies, and autonomous driving technology firms. It offers broad exposure to the autonomous driving and electric vehicle themes.

It suits growth-oriented investors who want broad exposure to autonomous driving and electric vehicles and are willing to accept the volatility that comes with a concentrated theme.

It is managed by Global X and follows a passive (index-tracking) approach.

The fund tracks an index of global companies in the future mobility industry, including electric vehicle makers, parts and battery companies, and autonomous driving technology firms. It spreads its holdings across related companies in multiple countries within the two themes of autonomous driving and electric vehicles, giving investors exposure to the growth of the future mobility industry.

• Combines the autonomous driving and electric vehicle themes
• Diversified across related companies worldwide

Assets under management (AUM) stand at $327.6M, and the expense ratio is 0.68% per year.

The main point of comparison versus single-theme electric vehicle ETFs or other thematic ETFs is the broader theme scope that combines autonomous driving and electric vehicles.

Autonomous driving and electric vehicle companies are sensitive to technological progress, policy support, and market risk appetite, and high growth expectations tend to come with high volatility. Because the fund concentrates on a single theme, performance can diverge widely depending on industry momentum.

Fund flows into autonomous driving and electric vehicle products vary with investor preference for growth stocks, the policy environment, and risk appetite, and money sometimes moves into this product group when expectations for future mobility growth rise. It is also worth noting that performance can differ significantly depending on policy and the pace of technological progress.

Its strength is broad exposure to the autonomous driving and electric vehicle themes, while theme concentration, high volatility, and dependence on policy and technology are the considerations.

For a focus on batteries and lithium, LIT is a direct substitute, and for a different approach to autonomous driving and electric vehicle exposure, products such as IDRV are also worth comparing. To broaden out to clean energy overall, products such as QCLN can be considered as well. Among KARS, FIW, and AQWA shown in the table, KARS shares the same electric vehicle and future mobility theme, while the other two invest in the water industry and so have a different theme. This ETF is differentiated by its combined exposure to autonomous driving and electric vehicles.

Here are the points to review before investing in DRIV. Its exposure to the autonomous driving and electric vehicle themes is attractive, but theme concentration, high volatility, and dependence on policy and technology should be checked in advance. It is also a good idea to compare it with battery and clean energy thematic products.

Changes in policy support, the pace of technological progress, and theme concentration are the main variables for short-term performance, and the autonomous driving and electric vehicle themes are volatile because growth expectations are high. Given its concentrated theme, the fund can fall sharply during market crashes.

This is a suitable candidate for growth-oriented investors who want broad exposure to the autonomous driving and electric vehicle themes. For a focus on batteries or clean energy, compare products such as LIT and QCLN, and if you want a combined autonomous driving and electric vehicle theme, it is advisable to weigh this fund alongside them before choosing.