EVMT vs. ZSB

Last updated Jun 25, 2026

EVMT (Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF) and ZSB (USCF Sustainable Battery Metals Strategy Fund) are both exchange-traded funds - EVMT is a Commodities fund actively managed by Invesco, while ZSB is a Lithium & Battery Metals fund tracking the S&P GSCI Electric Vehicle Meals Index. EVMT is actively managed, while ZSB is passively managed. Over the past 3 years, EVMT returned 0.43%/yr vs 1.10%/yr for ZSB. A 0.67 correlation means they provide meaningful diversification when combined. Both charge a 0.59% expense ratio.

Performance

EVMT vs. ZSB - 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 USCF Sustainable Battery Metals Strategy Fund (ZSB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EVMT achieves a 2.62% return, which is significantly higher than ZSB's 1.95% return.

EVMT

• 1D: -2.19%
• 1M: -9.59%
• YTD: 2.62%
• 6M: 6.15%
• 1Y: 28.24%
• 3Y*: 0.43%
• 5Y*: —
• 10Y*: —

ZSB

• 1D: -2.35%
• 1M: -10.01%
• YTD: 1.95%
• 6M: 2.81%
• 1Y: 55.33%
• 3Y*: 1.10%
• 5Y*: —
• 10Y*: —

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

EVMT vs. ZSB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EVMT Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF	2.62%	30.61%	-10.50%	-26.46%
ZSB USCF Sustainable Battery Metals Strategy Fund	1.95%	64.34%	-19.70%	-31.38%

Correlation

The correlation between EVMT and ZSB is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (All Time) Calculated using the full available price history since Jan 11, 2023	0.67

The correlation between EVMT and ZSB has been stable across timeframes, ranging from 0.65 to 0.68 - a consistent structural relationship.

Return for Risk

EVMT vs. ZSB — Risk / Return Rank

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

EVMT

EVMT Risk / Return Rank: 62
EVMT Sharpe Ratio Rank: 63
EVMT Sortino Ratio Rank: 62
EVMT Omega Ratio Rank: 63
EVMT Calmar Ratio Rank: 60
EVMT Martin Ratio Rank: 65

ZSB

ZSB Risk / Return Rank: 69
ZSB Sharpe Ratio Rank: 75
ZSB Sortino Ratio Rank: 63
ZSB Omega Ratio Rank: 76
ZSB Calmar Ratio Rank: 74
ZSB Martin Ratio Rank: 57

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. ZSB - 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 USCF Sustainable Battery Metals Strategy Fund (ZSB). 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	ZSB	Difference
Sharpe ratio: Return per unit of total volatility	1.81	2.09	-0.27
Sortino ratio: Return per unit of downside risk	2.49	2.55	-0.06
Omega ratio: Gain probability vs. loss probability	1.33	1.39	-0.06
Calmar ratio: Return relative to maximum drawdown	2.57	3.32	-0.75
Martin ratio: Return relative to average drawdown	10.22	8.77	+1.45

EVMT vs. ZSB - Sharpe Ratio Comparison

The current EVMT Sharpe Ratio is 1.81, which is comparable to the ZSB Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of EVMT and ZSB, 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. ZSB - Drawdown Comparison

The maximum EVMT drawdown since its inception was -48.34%, roughly equal to the maximum ZSB drawdown of -49.26%. Use the drawdown chart below to compare losses from any high point for EVMT and ZSB.

Drawdown Indicators

	EVMT	ZSB	Difference
Max Drawdown Largest peak-to-trough decline	-48.34%	-49.26%	+0.92%
Max Drawdown (1Y) Largest decline over 1 year	-11.04%	-16.75%	+5.71%
Max Drawdown (3Y) Largest decline over 3 years	-29.38%	-43.22%	+13.84%
Current Drawdown Current decline from peak	-29.16%	-14.04%	-15.12%
Average Drawdown Average peak-to-trough decline	-34.57%	-30.57%	-4.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.77%	6.33%	-3.56%

Volatility

EVMT vs. ZSB - Volatility Comparison

The current volatility for Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (EVMT) is 4.70%, while USCF Sustainable Battery Metals Strategy Fund (ZSB) has a volatility of 5.91%. This indicates that EVMT experiences smaller price fluctuations and is considered to be less risky than ZSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVMT	ZSB	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.70%	5.91%	-1.21%
Volatility (6M) Calculated over the trailing 6-month period	14.03%	22.43%	-8.40%
Volatility (1Y) Calculated over the trailing 1-year period	15.64%	26.63%	-10.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.48%	19.65%	+0.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.48%	19.65%	+0.83%

EVMT vs. ZSB - Expense Ratio Comparison

Both EVMT and ZSB have an expense ratio of 0.59%.

Dividends

EVMT vs. ZSB - Dividend Comparison

EVMT's dividend yield for the trailing twelve months is around 11.50%, more than ZSB's 0.90% yield.

Position	TTM	2025	2024	2023	2022
EVMT Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF	11.50%	11.80%	3.62%	5.49%	0.86%
ZSB USCF Sustainable Battery Metals Strategy Fund	0.90%	0.92%	2.96%	3.59%	0.00%

Frequently Asked Questions

Can I hold both EVMT and ZSB in my portfolio?

EVMT and ZSB have a correlation of 0.65, 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 ZSB?

ZSB has higher volatility (5.91%) compared to EVMT (4.70%). In terms of maximum drawdown, EVMT dropped -48.34% vs ZSB's -49.26%.

Which ETF is better, EVMT or ZSB?

On 3-year performance, ZSB leads with 1.10% vs 0.43% for EVMT. Both ETFs have the same 0.59% expense ratio. On volatility, EVMT has been the lower-risk option at 4.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EVMT or ZSB?

Over the 3-year period, ZSB has performed better with a 1.10% return vs 0.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EVMT or ZSB?

EVMT and ZSB have the same expense ratio: 0.59% per year.

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

EVMT has the higher dividend yield at 11.50%, compared with 0.90% for ZSB.

What is the main difference between EVMT and ZSB?

EVMT is categorized as Commodities, while ZSB is Lithium & Battery Metals. They also come from different issuers: Invesco and USCF.

Which has better risk-adjusted returns?

ZSB currently has the higher Sharpe Ratio (2.09 vs 1.81), 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.