Key stats
About iShares Global Electric and Autonomous Vehicles Index ETF Trust Units
Home page
Inception date
Feb 7, 2023
Structure
Canadian Mutual Fund Trust (ON)
Morningstar Global Electric & Autonomous Vehicles Select Index - CAD - Benchmark TR Net
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Primary advisor
BlackRock Asset Management Canada Ltd.
ISIN
CA46437G1000
The fund provides narrow exposure to global companies positioned to benefit from the two subthemes: electric vehicles and autonomous driving technologies. To be eligible for index inclusion, securities must be a part of the Morningstar Global Markets Index (parent index) and scored by Morningstars Equity Research analysts. Companies are evaluated based on 5-year revenue projections which translate to four-point scale thematic exposure scores. Morningstars committee reviews and/or revises the assigned scores to optimize internal consistency. Firms with a score of 0 are excluded, leaving those that are considered producers or suppliers of goods and services related to the subthemes. Securities are then categorized as Tier 1 or Tier 2 based on their exposure score. If the total number of Tier 1 stocks is greater than or equal to 50, then all such are selected. Otherwise, Tier 2 securities are selected until the portfolio reaches 50 constituents. Holdings are market cap-weighted, with individual security weights capped at 4%. The index rebalances annually.
Related funds
Classification
What's in the fund
Exposure type
Electronic Technology
Consumer Durables
Producer Manufacturing
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
XDRV trades at 43.90 CAD today, its price has fallen −0.23% in the past 24 hours. Track more dynamics on XDRV price chart.
XDRV net asset value is 43.83 today — it's risen 1.83% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
XDRV assets under management is 5.48 M CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
XDRV price has risen by 4.95% over the last month, and its yearly performance shows a 18.84% increase. See more dynamics on XDRV price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.83% over the last month, showed a 8.88% increase in three-month performance and has increased by 14.13% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.83% over the last month, showed a 8.88% increase in three-month performance and has increased by 14.13% in a year.
XDRV fund flows account for 0.00 CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
XDRV invests in stocks. See more details in our Analysis section.
XDRV expense ratio is 0.45%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, XDRV isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, XDRV technical analysis shows the strong buy rating and its 1-week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating XDRV shows the buy signal. See more of XDRV technicals for a more comprehensive analysis.
Today, XDRV technical analysis shows the strong buy rating and its 1-week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating XDRV shows the buy signal. See more of XDRV technicals for a more comprehensive analysis.
Yes, XDRV pays dividends to its holders with the dividend yield of 0.82%.
XDRV trades at a premium (0.15%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
XDRV shares are issued by BlackRock, Inc.
XDRV follows the Morningstar Global Electric & Autonomous Vehicles Select Index - CAD - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Feb 7, 2023.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.