BATT vs FDRV

BATTCAmplify Lithium & Battery Technology ETF

FDRVBFidelity Electric Vehicles and Future Transportation ETF

In short

BATT Most EV funds buy the carmakers. BATT buys the battery, tracking a global index of roughly 50 lithium and battery-technology companies. It has been running since 2018 and charges less than the typical fund in its category.

FDRV Fidelity's in-house index take on electric vehicles and future transportation: about 60 companies worldwide, wrapped at 0.39%, one of the cheaper tickets in the EV aisle.

Stated mandate

BATT The Fund seeks to track the EQM Lithium & Battery Technology Index before fees and expenses through passive indexing; it normally invests at least 80% of net assets in securities comprising the Index.

FDRV The fund seeks returns that generally correspond, before fees and expenses, to the performance of the Fidelity Electric Vehicles and Future Transportation Index.

Why people hold it

• BATT The battery-chain purist. Where category peers like DRIV, IDRV and FDRV lean on autonomous driving and vehicle makers, BATT's index is built around lithium and battery technology itself.amplifyetfs.com
• 0.59% a year, below the 0.68% median for EV and battery funds. On a theme with this much swing, a lower annual toll is one of the few things you control.
• Simple plumbing: a passive 1940 Act fund that normally keeps at least 80% of net assets in the securities of the EQM Lithium & Battery Technology Index. What is in the index is what you own.amplifyetfs.com
• Trading since 2018, so the battery theme's booms and busts are already on its tape rather than in a backtest.

• FDRV At 0.39%, it undercuts the typical fee in its EV and battery peer group, and sits below iShares' IDRV (0.48%) and Global X's DRIV (0.68%).
• About 60 companies, global by mandate, so the electric-vehicle theme isn't riding on one carmaker or one country.
• Plain index wrapper: a 1940 Act fund tracking Fidelity's own Electric Vehicles and Future Transportation Index, and one of the stronger builds in its cohort.
• Pays distributions quarterly, so income timing is predictable even though this is a growth-themed basket.

Worth knowing

• BATT Cheaper doors into electrification exist: FDRV charges 0.39% and IBAT 0.47%, though each defines the theme differently.
• About 50 stocks bolted to one supply chain. Lithium price swings or a single cell maker's bad quarter show up in the fund quickly.
• The mandate is global, so foreign-market and currency exposure comes with it. Payouts are occasional (annual or semiannual), not an income stream.

• FDRV A small fund whose shares trade lightly, so spreads can run wider than at the category's biggest names.
• One theme, tied to the auto and battery cycle. Expect bigger swings than a broad-market index.
• Launched in 2021, so the track record is short and covers only a slice of the EV cycle.

Full BATT profile⁠

Full FDRV profile⁠