Find Comparable ETFs for Global X Autonomous & Electric Vehicles ETF
Global X Autonomous & Electric Vehicles ETF
DRIV - NGMFirst Trust S-Network Future Vehicles & Technology ETF
CARZ - NGMThis ETF focuses on companies involved in the development and manufacturing of electric vehicles and related technologies, aligning well with CARZ's focus on future vehicles.
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 83%
R-squared: 70%
This indicates a strong positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 4
- CARZ in DRIV's comparables: Yes
- DRIV in CARZ's comparables: Yes
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
valuation
Compares valuation metrics to assess if the assets are valued similarly by the market, indicating comparable investor expectations and perceived growth potential.
- P/E Ratio: 15.49 vs 14.78
A high score indicates that the market values these assets similarly relative to their financials, suggesting comparable growth expectations and risk profiles.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- CARZ Beta: 1.27 (High)
- DRIV Beta: 1.36 (High)
- CARZ 200-day Volatility: 24.73%
- DRIV 200-day Volatility: 21.66%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- CARZ Price vs 200-day MA: 99%
- DRIV Price vs 200-day MA: 97%
Performance Comparison:
| Period | CARZ | DRIV |
|---|---|---|
| Year_1 | -6% | -18% |
| Year_3 | -3% | -8% |
| Year_5 | 13% | 11% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: NGM vs NGM
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
sector
Compares the sector, industry, and other classifications of both assets.
- ETF Category: Consumer Discretionary Equities vs Global Equities
A high score indicates that the assets operate in similar business areas, facing comparable market conditions, regulatory environments, and industry trends.
Partial matches are considered for more nuanced comparisons, allowing for a higher score even when classifications are not identical but closely related.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- CARZ Dividend Yield: 1%
- DRIV Dividend Yield: 1%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
GRID - NGMThis ETF invests in companies involved in renewable energy and electrification, which are essential for the growth of electric vehicles, connecting it to DRIV's focus.
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 77%
R-squared: 59%
This indicates a strong positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 2
- DRIV in GRID's comparables: No
- GRID in DRIV's comparables: Yes
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
valuation
Compares valuation metrics to assess if the assets are valued similarly by the market, indicating comparable investor expectations and perceived growth potential.
- P/E Ratio: 14.78 vs 24.89
A high score indicates that the market values these assets similarly relative to their financials, suggesting comparable growth expectations and risk profiles.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- DRIV Beta: 1.36 (High)
- GRID Beta: 1.25 (High)
- DRIV 200-day Volatility: 21.66%
- GRID 200-day Volatility: 17.90%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- DRIV Price vs 200-day MA: 97%
- GRID Price vs 200-day MA: 95%
Performance Comparison:
| Period | DRIV | GRID |
|---|---|---|
| Year_1 | -18% | 12% |
| Year_3 | -8% | 7% |
| Year_5 | 11% | 20% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: NGM vs NGM
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
sector
Compares the sector, industry, and other classifications of both assets.
- ETF Category: Global Equities vs Alternative Energy Equities
A high score indicates that the assets operate in similar business areas, facing comparable market conditions, regulatory environments, and industry trends.
Partial matches are considered for more nuanced comparisons, allowing for a higher score even when classifications are not identical but closely related.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- DRIV Dividend Yield: 1%
- GRID Dividend Yield: 1%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
Global X Lithium & Battery Tech ETF
LIT - PCXConcentrating on lithium and battery technology, LIT includes companies that are critical for the supply chain of electric vehicles, aligning closely with DRIV's theme.
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 65%
R-squared: 42%
This indicates a moderate positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 2
- DRIV in LIT's comparables: No
- LIT in DRIV's comparables: Yes
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
valuation
Compares valuation metrics to assess if the assets are valued similarly by the market, indicating comparable investor expectations and perceived growth potential.
- P/E Ratio: 14.78 vs 12.77
A high score indicates that the market values these assets similarly relative to their financials, suggesting comparable growth expectations and risk profiles.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- DRIV Beta: 1.36 (High)
- LIT Beta: 1.18 (Average)
- DRIV 200-day Volatility: 21.66%
- LIT 200-day Volatility: 26.26%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- DRIV Price vs 200-day MA: 97%
- LIT Price vs 200-day MA: 98%
Performance Comparison:
| Period | DRIV | LIT |
|---|---|---|
| Year_1 | -18% | -41% |
| Year_3 | -8% | -23% |
| Year_5 | 11% | 9% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: NGM vs PCX
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
sector
Compares the sector, industry, and other classifications of both assets.
- ETF Category: Global Equities vs Commodity Producers Equities
A high score indicates that the assets operate in similar business areas, facing comparable market conditions, regulatory environments, and industry trends.
Partial matches are considered for more nuanced comparisons, allowing for a higher score even when classifications are not identical but closely related.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- DRIV Dividend Yield: 1%
- LIT Dividend Yield: 0%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
KraneShares Electric Vehicles and Future Mobility Index ETF
KARS - PCXAn ETF dedicated to the autonomous and electric vehicle market, KARS offers similar exposure to technologies and companies featured in DRIV.
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 63%
R-squared: 39%
This indicates a moderate positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 4
- DRIV in KARS's comparables: Yes
- KARS in DRIV's comparables: Yes
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
valuation
Compares valuation metrics to assess if the assets are valued similarly by the market, indicating comparable investor expectations and perceived growth potential.
- P/E Ratio: 14.78 vs 0.04
A high score indicates that the market values these assets similarly relative to their financials, suggesting comparable growth expectations and risk profiles.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- DRIV Beta: 1.36 (High)
- KARS Beta: 1.27 (High)
- DRIV 200-day Volatility: 21.66%
- KARS 200-day Volatility: 23.83%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- DRIV Price vs 200-day MA: 97%
- KARS Price vs 200-day MA: 104%
Performance Comparison:
| Period | DRIV | KARS |
|---|---|---|
| Year_1 | -18% | -43% |
| Year_3 | -8% | -25% |
| Year_5 | 11% | 0% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: NGM vs PCX
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- DRIV Dividend Yield: 1%
- KARS Dividend Yield: 1%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
First Trust NASDAQ Clean Edge Green Energy Index Fund
QCLN - NGMThis ETF targets clean energy technologies, including electric vehicles, making it relevant for investors interested in the same themes as DRIV.
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 79%
R-squared: 62%
This indicates a strong positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 0
- DRIV in QCLN's comparables: No
- QCLN in DRIV's comparables: Yes
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
valuation
Compares valuation metrics to assess if the assets are valued similarly by the market, indicating comparable investor expectations and perceived growth potential.
- P/E Ratio: 14.78 vs 23.63
A high score indicates that the market values these assets similarly relative to their financials, suggesting comparable growth expectations and risk profiles.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- DRIV Beta: 1.36 (High)
- QCLN Beta: 1.49 (High)
- DRIV 200-day Volatility: 21.66%
- QCLN 200-day Volatility: 34.37%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- DRIV Price vs 200-day MA: 97%
- QCLN Price vs 200-day MA: 85%
Performance Comparison:
| Period | DRIV | QCLN |
|---|---|---|
| Year_1 | -18% | -34% |
| Year_3 | -8% | -20% |
| Year_5 | 11% | 9% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: NGM vs NGM
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
sector
Compares the sector, industry, and other classifications of both assets.
- ETF Category: Global Equities vs Alternative Energy Equities
A high score indicates that the assets operate in similar business areas, facing comparable market conditions, regulatory environments, and industry trends.
Partial matches are considered for more nuanced comparisons, allowing for a higher score even when classifications are not identical but closely related.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- DRIV Dividend Yield: 1%
- QCLN Dividend Yield: 0%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
SPDR S&P 500 ETF Trust
SPY - PCX
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 70%
R-squared: 49%
This indicates a moderate positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 0
- DRIV in SPY's comparables: No
- SPY in DRIV's comparables: No
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
valuation
Compares valuation metrics to assess if the assets are valued similarly by the market, indicating comparable investor expectations and perceived growth potential.
- P/E Ratio: 14.78 vs 17.86
A high score indicates that the market values these assets similarly relative to their financials, suggesting comparable growth expectations and risk profiles.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- DRIV Beta: 1.36 (High)
- SPY Beta: 1.00 (Average)
- DRIV 200-day Volatility: 21.66%
- SPY 200-day Volatility: 11.69%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- DRIV Price vs 200-day MA: 97%
- SPY Price vs 200-day MA: 104%
Performance Comparison:
| Period | DRIV | SPY |
|---|---|---|
| Year_1 | -18% | 20% |
| Year_3 | -8% | 8% |
| Year_5 | 11% | 14% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: NGM vs PCX
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
sector
Compares the sector, industry, and other classifications of both assets.
- ETF Category: Global Equities vs Large Cap Growth Equities
A high score indicates that the assets operate in similar business areas, facing comparable market conditions, regulatory environments, and industry trends.
Partial matches are considered for more nuanced comparisons, allowing for a higher score even when classifications are not identical but closely related.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- DRIV Dividend Yield: 1%
- SPY Dividend Yield: 1%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
SPDR S&P Telecom ETF
XTL - PCX
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 61%
R-squared: 37%
This indicates a moderate positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 0
- DRIV in XTL's comparables: No
- XTL in DRIV's comparables: No
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
valuation
Compares valuation metrics to assess if the assets are valued similarly by the market, indicating comparable investor expectations and perceived growth potential.
- P/E Ratio: 14.78 vs 14.61
A high score indicates that the market values these assets similarly relative to their financials, suggesting comparable growth expectations and risk profiles.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- DRIV Beta: 1.36 (High)
- XTL Beta: 1.01 (Average)
- DRIV 200-day Volatility: 21.66%
- XTL 200-day Volatility: 19.48%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- DRIV Price vs 200-day MA: 97%
- XTL Price vs 200-day MA: 108%
Performance Comparison:
| Period | DRIV | XTL |
|---|---|---|
| Year_1 | -18% | 19% |
| Year_3 | -8% | -4% |
| Year_5 | 11% | 5% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: NGM vs PCX
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
sector
Compares the sector, industry, and other classifications of both assets.
- ETF Category: Global Equities vs Communications Equities
A high score indicates that the assets operate in similar business areas, facing comparable market conditions, regulatory environments, and industry trends.
Partial matches are considered for more nuanced comparisons, allowing for a higher score even when classifications are not identical but closely related.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- DRIV Dividend Yield: 1%
- XTL Dividend Yield: 1%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
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