EVMT vs WEAT

EVMTCInvesco Electric Vehicle Metals Commodity Strategy No K-1 ETF

WEATBTeucrium Wheat Fund

In short

EVMT Most 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.

WEAT Wheat, straight up. Since 2011 this Teucrium fund has given brokerage-account investors pure-play exposure to CBOT wheat futures, laddered across three contract months rather than piled into the front month.

Stated mandate

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

WEAT The fund seeks cost-effective price exposure to the wheat market through futures for future delivery.

Why people hold it

• EVMT 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

• WEAT Costs 0.62% a year, under the typical fee for futures-based commodity funds. Cheap matters most when the thing you own throws off no income.
• The benchmark splits across three CBOT contracts: 35% second-to-expire, 30% third-to-expire, 35% the following December. Roll risk gets spread down the curve, not stacked on one month.teucrium.com
• Wheat exposure without a futures account: no margin posting, no roll management, no contract expiries on your calendar. Buy it like a stock, sell it like a stock.teucrium.com
• Among futures-based commodity funds, one of the stronger overall packages on cost and structure.

Worth knowing

• EVMT 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

• WEAT It is a commodity pool taxed as a partnership, so shareholders get a Schedule K-1 with Section 1256 treatment (60% long-term, 40% short-term), not a 1099.teucrium.com
• The fund tracks wheat futures, not the spot price. When the curve slopes against you, returns can drift from the wheat headlines you read.teucrium.com
• One crop, one market, and weather sets the price. Swings here run hot compared with diversified commodity baskets, and the fund is built for price exposure, not income.

Full EVMT profile⁠

Full WEAT profile⁠