Global X Autonomous & Electric Vehicles ETF (DRIV) Covered Calls

The Global X Autonomous & Electric Vehicles ETF seeks to provide investment results that correspond generally to the price and yield performance of the Solactive Autonomous & Electric Vehicles Index. The fund invests in companies involved in the development of autonomous vehicle technology, electric vehicles, and relevant components and materials. By targeting the entire ecosystem of future mobility, the ETF offers investors diversified exposure to the sector.

You can sell covered calls on Global X Autonomous & Electric Vehicles ETF to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for DRIV (prices last updated Wed 4:16 PM ET):

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The Global X Autonomous & Electric Vehicles ETF (DRIV) is a thematic exchange-traded fund designed to capture the disruptive potential of the global transportation shift. The fund tracks the Solactive Autonomous & Electric Vehicles Index, which utilizes artificial intelligence and natural language processing to identify companies with significant exposure to the electric vehicle (EV) and autonomous driving markets. By investing across the entire value chain—from software developers and semiconductor manufacturers to lithium miners and traditional automakers—the ETF provides a comprehensive play on the future of mobility.

Core Strategy and Portfolio Composition

The ETF’s portfolio is diversified across several high-growth sectors, including Information Technology, Consumer Discretionary, and Materials. As of early 2026, its top holdings feature a mix of technology giants and automotive leaders such as Intel, NVIDIA, Alphabet, Toyota, and Tesla. The fund is structured to capture three primary sub-themes: Autonomous Vehicle Software and Hardware, EV Manufacturing, and EV Components and Materials (including lithium and cobalt mining). This "all-inclusive" approach is intended to mitigate the risks associated with betting on a single manufacturer, instead profiting from the broader institutional and infrastructure adoption of self-driving and electric platforms.

Competitive Landscape

The thematic ETF space for future mobility is highly active, with several issuers offering different angles on the EV and automation transition. Key competitors include:

1. iShares Self-Driving EV and Tech ETF: A major competitor that tracks the NYSE FactSet Global Autonomous Driving and Electric Vehicles Index. They compete by offering a similar diversified global exposure with a focus on companies at the forefront of self-driving innovation.
2. Global X Lithium & Battery Tech ETF: Also issued by Global X, this fund focuses specifically on the upstream and midstream of the battery cycle. They compete for investor capital looking for more concentrated exposure to the raw materials and battery chemistry essential for EVs.
3. KraneShares Electric Vehicles and Future Mobility ETF: An ETF that tracks the Bloomberg Electric Vehicles Index. They compete by providing significant exposure to the Chinese EV market, which is a critical hub for global electric vehicle production and adoption.
4. Global X Robotics & Artificial Intelligence ETF: While broader in scope, this fund competes for "automation-themed" capital. They focus on companies that stand to benefit from increased adoption of robotics and AI, including the software used in autonomous navigation systems.

Strategic Outlook and Market Position

In the 2026 macroeconomic environment, the fund is positioned to benefit from the ongoing global expansion of charging infrastructure and government mandates for zero-emission vehicles. Strategic emphasis is placed on the integration of "Generative AI" in vehicle operating systems, which is expected to accelerate the timeline for Level 4 and Level 5 autonomous driving. With an expense ratio of 0.68% and a semi-annual dividend distribution, the ETF remains a popular choice for institutional and retail investors seeking a growth-oriented hedge against the decline of internal combustion engine technology. Management continues to monitor the "roll-out" of domestic U.S. battery production incentives, which are increasingly reflected in the fund’s materials and industrial holdings.

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