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Launched

Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF

EVMTNasdaqInvescoC

$16.59+0.18 (+1.13%)

At close: Nov 2, 2026, 4:00 PM ET

C40/ 100

Rank 10 of 14 in Commodity Futures

C40/100Rank 10 of 14inCommodity Futures
Intraday session: up, 79 prints from 16.41 to 16.59. Range 16.47 to 16.68. Use the arrow keys to read each point.16.4516.5016.5516.6510 AM12 PM2 PM4 PM
Expense ratio
0.59%*
Fund size
$4M
1Y total return
+6.6%
Yield · Last 12 months
12.06%
Holdings
3
Avg volume · 30D
3.34K sh
52W range
low $16.12high $20.50
Launched

*After a fee waiver that ends Aug 31, 2027. Without it: 0.74%.

The ETF.net EVMT Grade

Based on 4 of 6 pillars

C

Score 40 out of 100

Category
Commodity Futures⁠
Rank
10 of 14
Six-pillar profile for EVMT. Scores out of 100: Cost 87, Risk 48, Mission not scored, Tradability 28, Holdings not scored, Durability 47. Strongest: Cost (87). Weakest: Tradability (28). Based on 4 of 6 pillars.

Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
61
This cap took
−21
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A87 out of 100
    Rank 2 of 14

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C48 out of 100
    Rank 7 of 14

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D28 out of 100
    Rank 10 of 14

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C47 out of 100
    Rank 11 of 14

Our read on EVMT

ETF.net Research

In short

CMost EV-metals funds buy the miners. EVMT buys the metals: an actively managed basket of futures on copper, nickel, aluminum, cobalt, iron ore and lithium, with 1099 tax reporting instead of a K-1.

Stated mandate

The Fund seeks to outperform the excess-return version of its Benchmark, identified as SPGEVMUP.

Why people hold it

  • Owns the commodity, not the company. Futures on iron ore, copper, aluminum, nickel, cobalt and lithium mean no mine strikes, balance sheets or equity-market beta riding along.invesco.comsec.gov
  • Actively managed and benchmark-aware: it aims to outperform the excess-return version of the S&P GSCI Electric Vehicle Metals Index rather than simply mirror it.invesco.com
  • The "No K-1" in the name is the whole point: a 1940 Act fund, so futures-based metals exposure shows up on a standard 1099 at tax time.invesco.com
  • The benchmark reweights twice a year (January and July) toward the metals used most in EV production, so the mix follows the recipe rather than a fixed list.invesco.com

Worth knowing

  • Costs 0.74% a year, above the cohort median of 0.65% and well above miner funds like PICK (0.39%) and REMX (0.53%).
  • A small fund that trades thinly, so spreads can run wider than the category's household names.
  • Futures carry roll costs, and a handful of metals prices drive everything. No miner earnings or dividends soften a flat stretch in the metals themselves.invesco.com

EVMT Performance

Launched Apr 27, 2022

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
EVMT$10,659
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. EVMT $10,659. SPY $11,146. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for EVMT. Periods over one year show the average yearly return.
PeriodEVMT
Year to date−2.1%
1 month−3.7%
3 months−6.6%
1 year+6.6%
3 yearsper year+3.6%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for EVMT
YearReturn barEVMT
2026 YTD−2.1%
2025+30.4%
2024−10.5%
2023−27.7%
2022−18.3%

Since listing, Apr 27, 2022

EVMT in the news

EVMT Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 2, 2026.
12.06%Last 12 months
Payout per share
$2.00Last 12 months
Last payment
$2.00 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2022–2026

One bar per payment. 4 payments from 2022 to 2026 YTD. Dec 19, 2022 $0.21; Dec 18, 2023 $0.93; Dec 23, 2024 $0.53; Dec 22, 2025 $2.00. Use the arrow keys to read each point.20222023202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 26, 2025$2.00
Dec 23, 2024Dec 27, 2024$0.53
Dec 18, 2023Dec 22, 2023$0.93
Dec 19, 2022Dec 23, 2022$0.21

$10,000 in EVMT 3 years ago paid $1,876 in dividends.

EVMT Risk

Risk pillarC48 out of 100Rank 7 of 14 in Commodity Futures
How much the fund’s monthly returns vary, scaled to a year.
16.0%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−0.03
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−48.3%
54 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.69
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

EVMT Cost

Compare EVMT and USG

Overpaying vs USG, cheapest in Commodity Futures

$2,594

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • EVMT 0.59%

    $11,635

  • USG 0.45% Cheapest

    $9,041

$10,000
30 years

Cost over time

  • EVMT 0.59%
  • USG 0.45%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530EVMT $11,635USG $9,041

Year by year

YearEVMTUSGOverpaying
10$1,058$812$246
20$4,051$3,128$923
30$11,635$9,041$2,594
How the 0.59% is worked out

Full fee 0.74%− waiver 0.15%= you pay 0.59%

The waiver ends Aug 31, 2027. After that the fee is 0.74% unless Invesco renews it. Source: prospectus, Feb 2026.

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