2026's Top Tech ETF Is Little Known, Cheap, Perfectly Positioned, and Ready To Rally

"After years of delays, autonomous vehicles are shifting from pilot programs to commercial reality. At CES 2026, NVIDIA ( NASDAQ:NVDA) unveiled partnerships with Mercedes-Benz ( OTC:MBGAF) for city-street autonomy and a robotaxi alliance with Lucid ( NASDAQ:LCID) and Uber ( NYSE:UBER). Waymo plans to expand to 12 new cities this year while targeting over one million weekly rides. iShares Self-Driving EV and Tech ETF ( NYSEARCA:IDRV) offers exposure to the entire value chain at a modest valuation."

"IDRV spreads exposure across automakers ( Tesla ( NASDAQ:TSLA) at 4.7%, Rivian ( NASDAQ:RIVN) at 3.9%), battery suppliers ( LG Energy Solution ( KRX:373220) at 3.9%, LG Chem ( KRX:051910) at 3.9%), materials producers ( Albemarle ( NYSE:ALB) at 3.8%), and emerging autonomy players ( Aurora Innovation ( NASDAQ:AUR) at 2.2%). The fund trades at a P/E ratio around 13, cheap for a technology ETF in a sector reaching commercialization."

"IDRV returned 32% over the past year, crushing the S&P 500's 18% gain by 14 percentage points and beating the Nasdaq-100's 22% return by 10 percentage points. The fund is up 3% year-to-date in 2026. Rivian, one of IDRV's holdings, surged 44% over the past year and gained 14% in just the last month. The fund's 0.48% expense ratio is competitive for a thematic ETF,"

Autonomous vehicles are transitioning from pilot programs to commercial deployment with major OEM and software partnerships. NVIDIA unveiled partnerships with Mercedes-Benz for city-street autonomy and a robotaxi alliance with Lucid and Uber. Waymo plans expansion to 12 additional cities and targets over one million weekly rides. The iShares Self-Driving EV and Tech ETF (IDRV) holds $168 million and tracks companies across the full autonomous vehicle ecosystem. IDRV equal-weight exposure includes automakers, battery suppliers, materials producers, and emerging autonomy players while trading at a P/E around 13 and capping the top holding at 4.7%. IDRV returned 32% over the past year, is up 3% year-to-date in 2026, and carries a 0.48% expense ratio as the sector gains momentum.

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