CARS.TO vs. BATT
Compare and contrast key facts about Evolve Automobile Innovation Index Fund - Hedged Units (CARS.TO) and Amplify Lithium & Battery Technology ETF (BATT).
CARS.TO and BATT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BATT is an actively managed fund by Amplify Investments. It was launched on Jun 6, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CARS.TO or BATT.
Correlation
The correlation between CARS.TO and BATT is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CARS.TO vs. BATT - Performance Comparison
Key characteristics
CARS.TO:
-0.34
BATT:
0.04
CARS.TO:
-0.28
BATT:
0.25
CARS.TO:
0.97
BATT:
1.03
CARS.TO:
-0.14
BATT:
0.02
CARS.TO:
-0.98
BATT:
0.14
CARS.TO:
9.87%
BATT:
8.22%
CARS.TO:
28.81%
BATT:
26.08%
CARS.TO:
-71.30%
BATT:
-69.38%
CARS.TO:
-67.56%
BATT:
-51.99%
Returns By Period
In the year-to-date period, CARS.TO achieves a -5.83% return, which is significantly lower than BATT's -1.14% return.
CARS.TO
-5.83%
-3.89%
10.65%
-11.46%
-5.49%
N/A
BATT
-1.14%
-0.57%
9.52%
-0.55%
-2.82%
N/A
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CARS.TO vs. BATT - Expense Ratio Comparison
Risk-Adjusted Performance
CARS.TO vs. BATT — Risk-Adjusted Performance Rank
CARS.TO
BATT
CARS.TO vs. BATT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Automobile Innovation Index Fund - Hedged Units (CARS.TO) and Amplify Lithium & Battery Technology ETF (BATT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
CARS.TO vs. BATT - Dividend Comparison
CARS.TO's dividend yield for the trailing twelve months is around 0.51%, less than BATT's 3.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
CARS.TO Evolve Automobile Innovation Index Fund - Hedged Units | 0.51% | 0.58% | 1.01% | 0.95% | 0.48% | 0.51% | 0.92% | 2.46% | 0.54% |
BATT Amplify Lithium & Battery Technology ETF | 3.21% | 3.17% | 3.23% | 4.14% | 2.32% | 0.22% | 3.22% | 0.90% | 0.00% |
Drawdowns
CARS.TO vs. BATT - Drawdown Comparison
The maximum CARS.TO drawdown since its inception was -71.30%, roughly equal to the maximum BATT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for CARS.TO and BATT. For additional features, visit the drawdowns tool.
Volatility
CARS.TO vs. BATT - Volatility Comparison
Evolve Automobile Innovation Index Fund - Hedged Units (CARS.TO) has a higher volatility of 8.92% compared to Amplify Lithium & Battery Technology ETF (BATT) at 7.06%. This indicates that CARS.TO's price experiences larger fluctuations and is considered to be riskier than BATT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.