The Amplify Lithium & Battery Technology ETF (BATT) seeks investment results that correspond generally to the EQM Lithium & Battery Technology Index. BATT is a portfolio of companies generating significant revenue from the development, production and use of lithium battery technology, including: 1) battery storage solutions, 2) battery metals & materials, and 3) electric vehicles (EV).
BATT returned 5.19% on a net asset value (NAV) compared to its underlying benchmark, the EQM Lithium & Battery Technology Index at 5.73% for the second quarter (Q2) 2026. YTD, BATT gained 11.76% on an NAV basis compared to its underlying index, up 12.37%.
| Cumulative (%) | Annualized (%) | ||||||
| 1 Mo. | YTD | Since Inception | 1 Yr. | 3 Yr. | 5 Yr. | Since Inception | |
| NAV | -10.68% | 11.76% | -7.10% | 67.40% | 8.48% | -0.15% | -0.91% |
| Closing Price | -11.16% | 11.38% | -7.37% | 67.61% | 8.37% | -0.23% | -0.94% |
| EQM Lithium & Battery Tech Index | -10.64% | 12.37% | N/A | 69.05% | 8.47% | -0.19% | N/A |
Data as of 6/30/26. Fund inception date: 6/05/2018. Total expense ratio is 0.59%. The performance data quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. Click here for recent month end performance. Brokerage commissions will reduce returns. NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The closing price is the last price at which the fund traded.
Extraordinary performance is attributable in part to unusually favorable market conditions and may not be repeated or consistently achieved in the future.
Top 10 Holdings
| Ticker | Company | Weight (%) | Ticker | Company | Weight (%) |
|---|---|---|---|---|---|
| TSLA | Tesla Inc | 7.45% | 1211 HK | BYD Co Ltd | 4.37% |
| BHP AU | BHP Group Ltd Contemporary Amperex | 7.39% | 6762 JP | TDK Corp | 3.41% |
| 300750 C2 | Technology Co | 6.83% | GMEXICOB MM | Grupo Mexico SAB de CV | 2.83% |
| FCX | Freeport-McMoRan | 5.40% | TECK | Teck Resources Ltd | 2.38% |
| BE | Bloom Energy Corp | 4.63% | 4004 JP | Resonac Holdings Corp | 2.30% |
Data as of 6/30/26. Holdings and allocations are subject to change at any time and should not be considered a recommendation to buy or sell a security.
The battery materials sector experienced some volatility during Q2 2026, driven by fluctuating raw material prices. Growth catalysts include the accelerated commercialization of solid-state battery technology and soaring demand for utility scale battery storage systems (BESS). Despite a slowing in electric vehicle (EV) delivery growth in some markets like the US, battery material revenue soared tied to growing demand for massive grid-storage infrastructure deployments and data center cooling and power management solutions.1
Key Metal Trends
Lithium carbonate pricing stabilized during the quarter, hovering around the $27,528 per tonne level during the period.2 The market for other battery materials such as cobalt, copper, and nickel remained intensely competitive amid supply chain constraints. The global second-life battery market and recycling ecosystem saw increased strategic importance and regulatory backing (EU Batteries Regulation), as securing secondary supply of lithium, nickel, and cobalt becomes critical for long-term supply chain stability.3
Battery Chemistries & Solid State
The quarter marked a critical inflection point for solid state battery technology. China's MIIT has designated solid-state tech as a key R&D priority, with the world's first national standard for automotive solid-state batteries going into effect in July 2026. Lithium Iron Phosphate (LFP) chemistries retained their dominant market share due to its cost-effectiveness and safety profile, but manufacturers continue to invest in advanced chemistries such as sodium-ion and high-nickel cathodes. Given that battery chemistries and technologies are constantly evolving, this advocates for a flexible index approach not focused on one particular metal or approach.
Energy Storage Demand Surge, Offsets EV Weakness
Battery Energy Stationary Storage (BESS) installations hit record highs, offsetting slower passenger EV adoption.1 Many global battery manufacturers retooled production lines to serve the massive commercial, industrial, and utility-scale grid storage markets. The massive global buildout of AI infrastructure has driven a surge in demand for materials supporting battery energy storage and the thermal management of data centers.
BATT’s top contributors to performance in Q2 2026 were Bloom Energy (+123.41%), TDK Corp (+77.88%) and BHP Group (+19.21%).
Shares of fuel cell manufacturer Bloom Energy have rallied as a specialist in providing power to data centers via fuel cell systems. Bloom reported a record quarter of 130% YOY revenue increase and raised guidance. The company just expanded its AI infrastructure partnership with Brookfield to $25 billion to build and finance rapid power solutions for AI infrastructure. Japanese battery manufacturer TDK Corp also saw record results during the quarter, fueled by strong demand for ICT products, sensors, and rechargeable batteries.4 The company is aggressively expanding into the AI ecosystem and has seen growing business for inductive devices, passive components, and nearline HDDs used in AI data centers. BHP Group stock saw strong upward momentum on rising copper demand and pricing.5 Prices surged on tight global supply amid growing demand from the infrastructure buildout for AI data centers, electric vehicles, and renewable energy.
Key detractors from performance included BYD (-31.21%), Li Auto (-31.95%), and Liontown Ltd (-37.44%).
Chinese EV automaker BYD has faced downward pressure6 and hit new lows due to intense domestic price competition, shifting government tax policy, and the threat of European tariffs. Chinese EV auto name Li Auto has faced similar headwinds as BYD. Profit margins have collapsed amid heightened competition and price wars.7 Australian lithium producer Liontown experienced a sharp sell-off in Q2 due to softer lithium prices and higher costs associated with the ramp-up of its Kathleen Valley mine.8 Other Australian lithium producers such as PLS (formerly Pilbara), IGO, and Mineral Resources, also saw weak returns. Spodumene prices fell around 12% in June,8 according to data from Trading Economics.
Visit the BATT fund page for more information, including fact sheets, index methodology, and regulatory documents.