Underlying Holdings Performance: XDRV.TO tracks the Solactive Global Autonomous & Electric Vehicles Index. The performance of the companies within this index, especially those with significant weightings, directly impacts the ETF's price.

Supply and Demand: General market sentiment toward electric and autonomous vehicles, as well as overall investor appetite for ETFs, affects the buying and selling pressure on XDRV.TO shares. High demand drives prices up, while increased selling pushes prices down.

Currency Fluctuations: Since the underlying index contains global companies, currency exchange rates, particularly between the Canadian dollar and other major currencies (like the US dollar or Euro), influence the ETF's value.

Expense Ratio: The ETF's management expense ratio (MER) slightly impacts its overall return. Higher fees can reduce net returns, making it less attractive compared to similar ETFs with lower costs.

Economic Conditions: Macroeconomic factors such as interest rates, inflation, and economic growth in major economies can impact the profitability and valuation of companies in the autonomous and electric vehicle sectors, indirectly affecting the ETF's price.

Regulatory Changes: Government policies and regulations related to autonomous vehicles and electric vehicles, including subsidies, emission standards, and safety regulations, can significantly impact the prospects of companies in the index and, consequently, the ETF's price.

Technological Advancements: Breakthroughs or setbacks in autonomous driving technology, battery technology, and other related fields can influence investor sentiment and the perceived future value of companies in the index, thereby affecting the ETF's price.