EVMT vs. FTGC

Last updated Jul 17, 2026

EVMT (Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF) and FTGC (First Trust Global Tactical Commodity Strategy Fund) are both Commodities funds. Both are actively managed. Over the past 3 years, EVMT returned 0.13%/yr vs 15.47%/yr for FTGC. At a 0.45 correlation, their price movements are largely independent. EVMT charges 0.59%/yr vs 0.95%/yr for FTGC.

Performance

EVMT vs. FTGC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (EVMT) and First Trust Global Tactical Commodity Strategy Fund (FTGC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EVMT achieves a 4.60% return, which is significantly lower than FTGC's 25.30% return.

EVMT

• 1D: 0.12%
• 1M: -3.66%
• 6M: -2.39%
• YTD: 4.60%
• 1Y: 30.54%
• 3Y*: 0.13%
• 5Y*: —
• 10Y*: —

FTGC

• 1D: -0.97%
• 1M: 3.06%
• 6M: 20.93%
• YTD: 25.30%
• 1Y: 34.47%
• 3Y*: 15.47%
• 5Y*: 12.66%
• 10Y*: 7.52%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EVMT vs. FTGC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EVMT Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF	4.60%	30.61%	-10.50%	-27.71%	-16.95%
FTGC First Trust Global Tactical Commodity Strategy Fund	25.30%	14.61%	9.96%	-5.36%	-6.65%

Correlation

The correlation between EVMT and FTGC is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (All Time) Calculated using the full available price history since Apr 26, 2022	0.45

Return for Risk

EVMT vs. FTGC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EVMT

EVMT Risk / Return Rank: 71
EVMT Sharpe Ratio Rank: 77
EVMT Sortino Ratio Rank: 75
EVMT Omega Ratio Rank: 77
EVMT Calmar Ratio Rank: 68
EVMT Martin Ratio Rank: 59

FTGC

FTGC Risk / Return Rank: 77
FTGC Sharpe Ratio Rank: 85
FTGC Sortino Ratio Rank: 82
FTGC Omega Ratio Rank: 82
FTGC Calmar Ratio Rank: 69
FTGC Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EVMT vs. FTGC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (EVMT) and First Trust Global Tactical Commodity Strategy Fund (FTGC). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	EVMT	FTGC	Difference
Sharpe ratio: Return per unit of total volatility	1.98	2.19	-0.22
Sortino ratio: Return per unit of downside risk	2.70	2.92	-0.22
Omega ratio: Gain probability vs. loss probability	1.36	1.38	-0.02
Calmar ratio: Return relative to maximum drawdown	2.70	2.81	-0.10
Martin ratio: Return relative to average drawdown	8.24	9.29	-1.05

EVMT vs. FTGC - Sharpe Ratio Comparison

The current EVMT Sharpe Ratio is 1.98, which is comparable to the FTGC Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of EVMT and FTGC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EVMT vs. FTGC - Drawdown Comparison

The maximum EVMT drawdown since its inception was -48.34%, smaller than the maximum FTGC drawdown of -59.47%. Use the drawdown chart below to compare losses from any high point for EVMT and FTGC.

Drawdown Indicators

	EVMT	FTGC	Difference
Max Drawdown Largest peak-to-trough decline	-48.34%	-59.47%	+11.13%
Max Drawdown (1Y) Largest decline over 1 year	-11.35%	-12.34%	+0.99%
Max Drawdown (3Y) Largest decline over 3 years	-27.93%	-12.34%	-15.59%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.64%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.91%	—
Current Drawdown Current decline from peak	-27.79%	-6.04%	-21.75%
Average Drawdown Average peak-to-trough decline	-34.49%	-27.25%	-7.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.71%	3.72%	-0.01%

Volatility

EVMT vs. FTGC - Volatility Comparison

The current volatility for Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (EVMT) is 4.16%, while First Trust Global Tactical Commodity Strategy Fund (FTGC) has a volatility of 4.50%. This indicates that EVMT experiences smaller price fluctuations and is considered to be less risky than FTGC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVMT	FTGC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.16%	4.50%	-0.34%
Volatility (6M) Calculated over the trailing 6-month period	12.76%	13.39%	-0.63%
Volatility (1Y) Calculated over the trailing 1-year period	15.53%	15.79%	-0.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.37%	15.87%	+4.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.37%	14.72%	+5.65%

EVMT vs. FTGC - Expense Ratio Comparison

EVMT has a 0.59% expense ratio, which is lower than FTGC's 0.95% expense ratio.

Dividends

EVMT vs. FTGC - Dividend Comparison

EVMT's dividend yield for the trailing twelve months is around 11.28%, less than FTGC's 15.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EVMT Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF	11.28%	11.80%	3.62%	5.49%	0.86%	0.00%	0.00%	0.00%	0.00%	0.00%
FTGC First Trust Global Tactical Commodity Strategy Fund	15.46%	17.74%	3.05%	3.34%	10.35%	7.21%	0.00%	0.81%	0.80%	1.21%

Frequently Asked Questions

Can I hold both EVMT and FTGC in my portfolio?

EVMT and FTGC have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EVMT or FTGC?

FTGC has higher volatility (4.50%) compared to EVMT (4.16%). In terms of maximum drawdown, EVMT dropped -48.34% vs FTGC's -59.47%.

Which ETF is better, EVMT or FTGC?

On 3-year performance, FTGC leads with 15.47% vs 0.13% for EVMT. On fees, EVMT is cheaper at 0.59% per year. On volatility, EVMT has been the lower-risk option at 4.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EVMT or FTGC?

Over the 3-year period, FTGC has performed better with a 15.47% return vs 0.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EVMT or FTGC?

EVMT is cheaper with a 0.59% expense ratio, compared with 0.95% for FTGC.

Which ETF pays a higher dividend yield, EVMT or FTGC?

FTGC has the higher dividend yield at 15.46%, compared with 11.28% for EVMT.

What is the main difference between EVMT and FTGC?

They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.59% for EVMT and 0.95% for FTGC.

Which has better risk-adjusted returns?

FTGC currently has the higher Sharpe Ratio (2.19 vs 1.98), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.