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

Group 1 - The core theme of the news is the transition of autonomous vehicles from pilot programs to commercial operations, highlighted by NVIDIA's partnerships with Mercedes-Benz and a robotaxi alliance with Lucid and Uber [1] - Waymo plans to expand its services to 12 new cities this year, aiming for over one million weekly rides, indicating significant growth in the autonomous vehicle sector [1] - The iShares Self-Driving EV and Tech ETF (IDRV) provides exposure to the entire autonomous vehicle value chain, holding $168 million in assets and trading at a P/E ratio of around 13, which is considered low for a technology ETF [2][4] Group 2 - IDRV's asset allocation includes major players in the autonomous vehicle ecosystem, such as Tesla (4.7%), Rivian (3.9%), and BYD (3.9%), showcasing a diversified investment approach [2][3] - The fund's equal-weight methodology limits single-company risk, with the top holding representing only 4.7% of assets, which is crucial given the competitive landscape of the autonomous vehicle market [3] - IDRV has outperformed the S&P 500 and Nasdaq-100 over the past year, returning 32% compared to the S&P 500's 18% and Nasdaq-100's 22% [6]