EVMT, NYSE

Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (EVMT)

Price (as of September 24)

21.44USD

Correlations

The correlation describes the statistical relationship between the value of two assets over time. Use this relationship to bet against an asset without shorting it or diversify your portfolio more effectively. Learn how you can use correlations to your advantage.

Lowest within Industry

Symbol Correlation

BRKY

Direxion Breakfast Commodities Strategy ETF

-0.31

EAOR

iShares ESG Aware Growth Allocation ETF

-0.27

EAOM

ISHARES ESG AWARE MODERATE ALLOCATION ETF

-0.27

DBS

Invesco DB Silver Fund

-0.27

EAOK

iShares ESG Aware Conservative Allocation ETF

-0.27

EAOA

iShares ESG Aware Aggressive Allocation ETF

-0.26

DUST

Direxion Daily Gold Miners Index Bear 2X Shares

-0.26

DTO

PowerShares DB Crude Oil Double Short ETN

-0.26

DBP

Invesco DB Precious Metals Fund

-0.25

DGP

PowerShares DB Gold Double Long ETN

-0.25

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Highest within Industry

Symbol Correlation

BAB

Invesco Taxable Municipal Bond ETF

0.45

BDCZ

BDCZ

0.34

BWZ

SPDR(R) BLOOMBERG SHORT TERM INTERNATIONAL TREASURY BOND ETF

0.3

AVMU

Avantis Core Municipal Fixed Income ETF

0.29

BILS

SPDR Bloomberg 3-12 Month T-Bill ETF

0.28

DHS

WisdomTree U.S. High Dividend Fund

0.28

AVIG

Avantis Core Fixed Income ETF

0.28

BBRE

JPMorgan BetaBuilders MSCI U.S. REIT ETF

0.27

EASG

Xtrackers MSCI EAFE ESG Leaders Equity ETF

0.26

DIG

ProShares Ultra Oil & Gas

0.26

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Profile

Sector:
Trading
Industry:
Exchange Traded Funds

The fund is an actively managed ETF that seeks to invest in a combination of financial instruments that are economically linked to the tradeable metals widely used in the production of an electric vehicle (currently, iron ore, copper, aluminum, nickel and cobalt). Under normal circumstances, the fund invests, either directly or through a wholly-owned subsidiary (the “Subsidiary”), in Commodities Futures, Commodity-Linked Instruments, Commodity-Related Assets and Collateral. The fund is non-diversified.