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3 Autonomous Vehicles ETFs to Know About
ETFs that contain companies that will change land transportation
Autonomous vehicles, also known as self-driving vehicles, are vehicles that can sense their environment and move safely with little to no human input. Experiments regarding automated driving systems date back to the 1920s. The modern era of autonomous vehicles can be said to begin in the early 2010s with major automotive and technology companies testing driverless car systems.
The automotive industry’s autonomous vehicles segment is difficult to ignore due to the multitude of benefits it can bring, such as reducing human-caused traffic deaths, emissions, and travel time. There are risks, of course, such as hacking vulnerabilities and algorithm malfunction leading to accidents.
For those that want to get an early edge in the autonomous vehicles space regarding understanding it, or investing in it, the 3 following ETFs will give you the exposure you are looking for:
1. Global X Autonomous & Electric Vehicles ETF (DRIV)
2. KraneShares Electric Vehicles and Future Mobility Index ETF (KARS)
3. Ideanomics Shares NextGen Vehicle and Technology ETF (EKAR)
1. Global X Autonomous & Electric Vehicles ETF (DRIV)
DRIV is an ETF that seeks to provide investment results that correspond to the Solactive Autonomous & Electric Vehicles Index, which is an index designed to provide exposure to exchange-listed companies involved in the development of electric and/or autonomous vehicles. Companies in DRIV include Tesla, Qualcomm, NIO, NVIDIA, and Apple.
As of December 23rd, 2020, DRIV has a price of $23.62 and an expense ratio of 0.68%. DRIV’s year-to-date return is approximately 58%.
2. KraneShares Electric Vehicles and Future Mobility Index ETF (KARS)
KARS is an ETF that seeks to provide investment results that correspond to the Solactive Electric…
