- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 605 Third Avenue, 43rd Floor New York NY United States of America 10158
- IPO Date
- Apr 17, 2018
- Business
- Global X Autonomous & Electric Vehicles ETF (DRIV) is an exchange-traded fund that provides investment exposure to companies involved in the development and production of autonomous vehicle technology, electric vehicles (EVs), EV components such as lithium batteries, and critical materials including lithium and cobalt; it tracks the Solactive Autonomous & Electric Vehicles Index with a total expense ratio of 0.68% and approximately 80 holdings across sectors like information technology (29.1%), consumer discretionary (28.6%), materials (21.0%), and industrials (15.7%). Top holdings include Alphabet Inc., Tesla Inc., NVIDIA Corp., Toyota Motor Corp., and Qualcomm Inc., offering global diversification beyond individual companies in the autonomous and EV ecosystem. Launched on April 13, 2018, and listed on Nasdaq, DRIV operates with net assets of around $329 million and targets investors seeking thematic growth in electrification and autonomy, projected to drive EVs to 60% of global vehicle sales by 2035.
DRIV forms part of the product suite offered by Global X ETFs, a New York-based provider founded in 2008 and acquired by Mirae Asset Global Investments in July 2018 for $488 million; Global X manages over $40 billion in assets across more than 80 ETFs focused on thematic growth, income, commodities, and international strategies. The ETF emphasizes worldwide operations through its holdings, spanning U.S., Japanese, Australian, and other international firms serving automakers, tech developers, and materials suppliers.
In recent developments, Global X has expanded its thematic offerings, including the launch of new AI and semiconductor-focused ETFs like CHPX in October 2025 to capture next-generation computing demand, alongside ongoing enhancements to EV-related strategies amid policy shifts in U.S. EV incentives. The firm appointed Ryan O'Connor as CEO in April 2024 following a leadership transition, supporting broader product innovation; DRIV itself maintains steady performance with 1-year returns of 22.74% as of late 2025, reflecting resilience in the EV sector despite market volatility. No major acquisitions, funding rounds, or index changes specific to DRIV were reported in the last 1-2 years.