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Evolve Automobile Innovation Index ETF (CARS) and iShares Global Electric and Autonomous Vehicles Index ETF (XDRV) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CARS focuses its top 3 sector exposures on Industrials, Technology, and Consumer Cyclicals, while XDRV leans towards Technology, Consumer Cyclicals, and Non-Energy Materials. When evaluating costs, CARS features a management fee (MER) of 0.4%, compared to 0.39% for XDRV. Performance-wise, CARS has returned 3.97% year-to-date with -$3 M in net flows, whereas XDRV is at 9.59% with +$0 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
CARS
XDRV
| AuM | $14.01 M | $5.73 M |
| Management Fees | 0.40% | 0.39% |
| Exp. ratio | 0.58% | 0.44% |
| Tracking Difference | -1.85% | 0.42% |
Historical performance and flows
As of September 21, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CARS | -1.60% | -24.04% | +3.97% | -1.31% | +11.05% |
XDRV | -2.08% | -23.70% | +9.59% | +7.88% | +25.65% | |
| Flows | CARS | -$0 M | -$0 M | -$3 M | -$5 M | -$22 M |
XDRV | +$0 M | +$0 M | +$0 M | +$0 M | +$0 M |
CARS vs XDRV exposure
Countries
CARS
USA
48.11%
China
26.05%
Other
25.84%
XDRV
USA
31.86%
China
21.06%
Japan
13.41%
Switzerland
9.93%
Other
23.74%
Sectors
CARS
Industrials
35.00%
Technology
32.26%
Consumer Cyclicals
30.49%
XDRV
Technology
53.06%
Consumer Cyclicals
26.93%
Non-Energy Materials
10.22%
Industrials
9.73%
As of September 21, 2026
Top 10 Holdings
CARS
Gentherm, Inc.
2.26%
Li Auto, Inc.
2.14%
Ambarella, Inc.
2.03%
Monolithic Power Systems, Inc.
2.02%
Lucid Group, Inc.
1.97%
NVIDIA Corp.
1.94%
BYD Co., Ltd.
1.91%
NIO, Inc.
1.91%
XPeng, Inc.
1.90%
Visteon Corp.
1.90%
XDRV
STMicroelectronics NV
7.24%
Murata Manufacturing Co. Ltd.
6.64%
Infineon Technologies AG
5.59%
Texas Instruments Incorporated
5.53%
Renesas Electronics Corp.
5.32%
ON Semiconductor Corp.
5.30%
Analog Devices, Inc.
4.71%
NXP Semiconductors NV
3.82%
Rivian Automotive, Inc.
3.60%
Singapore Technologies Engineering Ltd.
3.52%
Diversification
CARS
Total weight of top 10 holdings out of 63 total
19.98%
XDRV
Total weight of top 10 holdings out of 45 total
51.27%
Characteristics
Compare
CARS
XDRV
| Provider | Evolve ETFs | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Future Cars Index Canadian Dollar Hedged - CAD | Morningstar Global Electric & Autonomous Vehicles Select Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.96% | 3.18% |
| Meets ESG criteria | Yes | Yes |
| Inception Date | September 29, 2017 | February 7, 2023 |
Frequently asked questions about CARS and XDRV
Which ETF has performed better year to date: CARS or XDRV?
As of September 21, 2026, CARS has returned 3.97% year to date, while XDRV has returned 9.59%. XDRV is ahead on YTD performance.
Which ETF is larger by assets under management: CARS or XDRV?
As of September 21, 2026, CARS manages $14.01 M in assets, while XDRV manages $5.73 M. CARS is the larger fund by AUM.
How are CARS and XDRV managed?
CARS is passively managed by Evolve ETFs. It tracks the Solactive Future Cars Index Canadian Dollar Hedged - CAD benchmark. XDRV is passively managed by iShares. It tracks the Morningstar Global Electric & Autonomous Vehicles Select Index - CAD benchmark.
What sectors do CARS and XDRV emphasize?
CARS is most exposed to Industrials, Technology, and Consumer Cyclicals. XDRV is most exposed to Technology, Consumer Cyclicals, and Non-Energy Materials.
Which ETF is attracting more investor flows: CARS or XDRV?
Year to date, CARS has seen -$3.07 M in net flows, compared with +$0.00 M for XDRV. XDRV has attracted more net investor money so far.
How do the fees of CARS and XDRV compare?
CARS has an expense ratio of 0.58%, while XDRV has an expense ratio of 0.44%.
What are the top holdings of CARS and XDRV?
CARS's largest holdings include Gentherm, Inc., Li Auto, Inc., and Ambarella, Inc.. XDRV's top holdings include STMicroelectronics NV, Murata Manufacturing Co. Ltd., and Infineon Technologies AG.
Which ETF is more diversified: CARS or XDRV?
CARS holds 63 securities, while XDRV holds 45. On holdings count, CARS is the more diversified portfolio.
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