DRIV vs FDRV

DRIVBGlobal X Autonomous & Electric Vehicles ETF

FDRVBFidelity Electric Vehicles and Future Transportation ETF

In short

DRIV Most EV funds pick a lane: batteries or carmakers. DRIV buys the whole road, self-driving technology, electric vehicles, and the parts and materials underneath, in roughly 80 stocks from around the world.

FDRV Fidelity's in-house index take on electric vehicles and future transportation: about 60 companies worldwide, wrapped at 0.39%, one of the cheaper tickets in the EV aisle.

Stated mandate

DRIV The fund invests in companies developing autonomous-vehicle technology, electric vehicles, and related EV components and materials.

FDRV The fund seeks returns that generally correspond, before fees and expenses, to the performance of the Fidelity Electric Vehicles and Future Transportation Index.

Why people hold it

• DRIV Three layers of one theme in a single ticker: autonomous-driving technology, EV makers, and the components and materials feeding both.
• Roughly 80 names spread across the chain, so no single carmaker steers the whole portfolio. One of the better-built baskets in its peer group.
• Global by mandate, not US-only, so the index can reach automakers and suppliers listed outside the States.
• Trading since 2018, with a rules-based Solactive index behind it rather than a manager's stock picks.

• FDRV At 0.39%, it undercuts the typical fee in its EV and battery peer group, and sits below iShares' IDRV (0.48%) and Global X's DRIV (0.68%).
• About 60 companies, global by mandate, so the electric-vehicle theme isn't riding on one carmaker or one country.
• Plain index wrapper: a 1940 Act fund tracking Fidelity's own Electric Vehicles and Future Transportation Index, and one of the stronger builds in its cohort.
• Pays distributions quarterly, so income timing is predictable even though this is a growth-themed basket.

Worth knowing

• DRIV The 0.68% fee sits right at the category median, but cheaper wrappers on nearby themes exist: FDRV charges 0.39% and IDRV 0.48%.
• One industry, one capital cycle. A concentrated theme fund moves harder in both directions than a broad market index.
• Not an income holding: distributions come once or twice a year, and trading volume is moderate rather than mega-liquid.

• FDRV A small fund whose shares trade lightly, so spreads can run wider than at the category's biggest names.
• One theme, tied to the auto and battery cycle. Expect bigger swings than a broad-market index.
• Launched in 2021, so the track record is short and covers only a slice of the EV cycle.

Full DRIV profile⁠

Full FDRV profile⁠