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DRIV - IDRV: Tariffs And Lack Of U.S. Tech Are Significant Drawbacks
Global X Autonomous & Electric Vehicles ETF
2024-06-14 05:29:15 ET
Summary
iShares Self-Driving EV and Tech ETF is a hold due to challenges in the autonomous vehicle industry, lack of U.S. large tech companies, and risk of import tariffs.
The Fund is globally diversified with even weights on U.S., European, and Asian companies, but lacks well-established U.S. large tech companies.
Performance, expenses, and dividends of IDRV compared to peer funds show suboptimal returns despite a lower expense ratio and growing dividend yield.