As the world shifts toward EVs, autonomous transport and cleaner mobility, the companies leading this transition could be positioned for strong growth. The DRIV ETF offers a simple way for local investors to access this global trend, providing exposure to mobility-tech leaders across the US, Europe and Asia through a single ASX-listed investment — without the complexity of buying foreign shares directly.
- The ETF holds 49 stocks, with its 5 largest positions currently PACCAR, Volvo AB, BYD, Bloom Energy, and Sumitomo.
- It’s very small with $13mn market cap, while its fees are okay at 0.67%.
- Note this ETF is not hedged, so local investors are carrying FX exposure: 36% in the US, 18% China, and 12% Germany.
The biggest issue we have with this ETF is its size; although the thematic has legs, the ETF hasn’t yet caught on. Also, within the ETF’s holdings, stocks like PACCAR and Volvo receive a relatively low portion of their revenue from EVs, although it’s clearly the future. Backing the right horse at the right time has paid off in this space with BYD more than doubling in 15 months into its May high.
- We can see the DRIV ETF making new 3-year highs into 2026, but prefer investing in individual stocks to gain exposure to the sector.
