FDRV vs KARS

FDRVBFidelity Electric Vehicles and Future Transportation ETF

KARSDKraneShares Electric Vehicles & Future Mobility Index ETF

In short

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.

KARS A 2018-vintage global take on electric vehicles that buys the whole chain, not just the badge on the hood: batteries, autonomous driving, hydrogen fuel cells, charging and shared mobility, in a tight book of about 60 names.

Stated mandate

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

KARS The fund seeks to track the Bloomberg Electric Vehicles Index, investing in companies involved in electric vehicles, their components, and related future-mobility technologies such as batteries, autonomous driving, shared mobility, hydrogen fuel cells, and electric infrastructure.

Why people hold it

• 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.

• KARS Reaches past the carmakers: the index also covers batteries, autonomous driving, shared mobility, hydrogen fuel cells and electric infrastructure.kraneshares.com
• Global by mandate rather than US-only, so the roster can hold makers and suppliers wherever they happen to be listed.kraneshares.com
• About 60 holdings keeps the theme concentrated enough to actually show up, instead of being diluted across hundreds of loosely related names.
• Rules-based: it follows the Bloomberg Electric Vehicles Index, so the lineup comes from a published methodology, not a manager's mood.kraneshares.com

Worth knowing

• 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.

• KARS The 0.69% expense ratio sits mid-pack for EV funds, and neighbors like FDRV (0.39%) and IBAT (0.47%) charge less for adjacent exposure.
• Trades lightly next to the biggest thematic ETFs, which can mean wider bid-ask spreads at the moment of execution.
• One theme, roughly 60 stocks: EV demand cycles, battery input costs and policy shifts all land in the same portfolio at the same time.

Full FDRV profile⁠

Full KARS profile⁠