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RIVN - DRIV: Buy The Dip In This Outperforming EV ETF
Rivian Automotive Inc.
Over the past year, the Global X Autonomous & EV ETF has been outperforming the S&P500 and some of its more well-known ETF peers.
The ETF is down ~3.6% over the past week and that presents investors with an excellent entry point: buy the dip.
With the exception of #1 holding Tesla (4.5%), the ETF is relatively underweight arguably over-valued EV-makers and is instead heavy on the EV semiconductor suppliers.