ACE Tesla Value Chain Active, 28% Return
Returns Vary Greatly Depending on Tesla Inclusion Ratio
Electric Vehicle and Secondary Battery ETFs Without Tesla Continue to Underperform
Recently, news that Tesla's electric vehicle sales exceeded market expectations has led to increased returns for exchange-traded funds (ETFs) related to secondary batteries and electric vehicles. However, returns vary greatly depending on how much Tesla is included in the portfolio.
According to the financial investment industry on the 9th, among all ETFs listed domestically over the past month (June 7 to July 8), ACE Tesla Value Chain Active recorded a return of 27.59%, ranking third.
Other ETFs including Tesla also showed good returns. Asset Plus Global Platform Active posted 18.58%, TIGER Tesla Bond Mixed Fn recorded 12.41%, and KODEX Tesla Value Chain FactSet achieved 11.55%.
This rise is thanks to Tesla delivering results that exceeded market expectations. Tesla delivered a total of 443,956 units in the second quarter, surpassing the market estimate of 438,019 units.
However, there was a large variance in returns individually. This is because the Tesla weighting differs by ETF. For example, ACE Tesla Value Chain Active has a Tesla weighting of 18.53%. Additionally, it includes overseas Tesla-related ETFs such as 'DIREXION DAILY TSLA BULL 2X' and 'T-REX 2X LNG TESLA DLY TRGT' with weightings of 20.76% and 8.19%, respectively. Including these, the Tesla weighting approaches 50%. In contrast, TIGER Tesla Bond Mixed Fn and Asset Plus Global Platform Active include Tesla at 29.79% and 27.2%, respectively.
However, ETFs related to secondary batteries or electric vehicles without Tesla showed poor returns. TIGER China Electric Vehicle Leverage (Synthetic) had a return of -24.74%. Other ETFs such as ARIRANG Global Hydrogen & Next Generation Fuel Cell MV recorded -12.75%, and ACE Secondary Battery & Eco-friendly Vehicle Active posted -3.01%, all showing negative returns.
The asset management industry advises cautious investment as the situation related to secondary batteries has not yet improved. A representative from an asset management company explained, "Looking at the global picture, the growth momentum for electric vehicles has undoubtedly weakened significantly," adding, "The recent technical rebound in related stocks can be seen as a result of the slowdown in the decline of Tesla's shipment volume." He further added, "Especially, the rise in some stocks is considered temporary."
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