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 -6.34% on a total return adjusted net asset value (NAV) basis compared to its underlying benchmark, the EQM Lithium & Battery Technology Index at -6.28% in the third quarter (Q3) of 2026. YTD, BATT gained 4.67% on a total return adjusted NAV basis compared to its underlying index, which was up 5.31%. View Standardized Performance
| QUARTER END AS OF 9/30/2026 |
Cumulative (%) | Annualized (%) | |||||
|---|---|---|---|---|---|---|---|
| 1 Mo. | YTD | Since Inception |
1 Yr. | 3 Yr. | 5 Yr. | Since Inception |
|
| NAV | -9.36% | 4.67% | -12.99% | 13.93% | 11.10% | -0.75% | -1.66% |
| Closing Price | -9.49% | 3.62% | -13.82% | 12.12% | 11.21% | -0.82% | -1.77% |
| EQM Lithium & Battery Tech Index | -9.30% | 5.31% | N/A | 14.77% | 11.06% | -0.80% | N/A |
Data as of 9/30/26. Fund inception date: 6/5/2018. 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.
| Ticker | Company | Weight (%) |
|---|---|---|
| TSLA | Tesla Inc | 7.67% |
| BHP AU | BHP Group Ltd | 6.91% |
| FCX | Freeport-McMoRan Inc | 6.38% |
| BE | Bloom Energy Corp | 5.51% |
| 300750 C2 | Contemporary Amperex Technology Co Ltd | 5.28% |
| 1211 HK | BYD Co Ltd | 4.47% |
| GMEXICOB MM | Grupo Mexico SAB de CV | 3.05% |
| 6762 JP | TDK Corp | 2.80% |
| TECK | Teck Resources Ltd | 2.60% |
| 006400 KS | Samsung SDI Co Ltd | 2.44% |
Data as of 9/30/26. 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 and technology sector navigated market divergence during Q3 2026. Broad strength across upstream industrial base-metal categories, notably copper (+10.89%), cobalt (+38.74%), and manganese (+32.33%), provided support to index performance.
However, lingering supply chain imbalances in refined chemicals and battery cell manufacturing weighed on downstream segments. Battery Components (-29.21%), Electric Vehicles (-10.24%), and Lithium pure-plays (-19.25%) faced headwinds during the quarter. Long-term demand drivers remain firmly anchored by the rapid scaling of grid-scale battery storage infrastructure, data center power requirements, and progress toward solid-state battery commercialization.
Key Metal Trends
Lithium pricing consolidated during the quarter, ending the quarter around $19,025 per tonne.1 Performance across key battery metals diverged significantly: copper was the largest positive contributor to the index (+3.04%) due to tight global mine supply and rising structural demand from power grid upgrades. Conversely, cathode precursors and electrolyte component manufacturers faced severe margin compression due to localized overcapacity in Asia.
Solid-State Transitions to Pre-Mass Production & Regulatory Traceability
The quarter marked a key operational transition for next-generation solid-state battery technologies, shifting from kilogram-level pilot validation to ton-level pre-mass production. National regulatory momentum accelerated following China's official adoption of its first national automotive solid-state battery standard and the release of new five-year industry guidelines. Concurrently, the enforcement of mandatory harmonized labeling under the EU Batteries Regulation intensified the focus on supply chain origin tracking and recycled material recovery across European markets.2
AI Infrastructure and Utility BESS Drive Demand Beyond Mobility
Rapid expansion of global AI data center infrastructure and commercial energy storage deployments provided a structural counterweight to softer passenger EV growth. Record grid-scale Battery Energy Storage System (BESS) additions across North America and Asia prompted major battery and equipment manufacturers to reallocate cell manufacturing lines toward high-capacity stationary storage systems and advanced thermal management solutions.
BATT’s top contributors to performance in Q3 2026 were Freeport-McMoRan Inc. (+11.58%), Sumitomo Metal Mining Co. Ltd. (+38.73%), and South32 Ltd. (+32.42%).
Mining and metals producers rallied across the quarter as tight physical market supply and robust industrial demand boosted real material pricing. Freeport-McMoRan benefited from resilient global copper demand and tight supply fundamentals tied to electrification infrastructure. Sumitomo Metal Mining and South32 posted sharp gains on higher realized prices across their non-ferrous, nickel, and manganese operations, benefiting from leverage to utility grid storage buildouts and AI power infrastructure. Additional positive contributions were delivered by Western Mining Co. (+31.84%) and BHP Group (+5.11%).
Key detractors from performance in Q3 2026 included Contemporary Amperex Technology Co. Ltd. (CATL) (-24.76%), Tesla Inc. (-15.64%), and Xiamen Tungsten Co. Ltd. (-47.09%).
Downstream cell makers and EV OEMs faced headwinds from market saturation, tariff uncertainty, and domestic price competition in China. Battery manufacturing leader CATL faced downward pressure from domestic Chinese price competition and temporary slowdowns in European EV order volumes. Tesla detracted from overall performance amid margin compression concerns and ongoing EV price discounting. Xiamen Tungsten dropped sharply after cathode material prices fell and soft chemical processing margins compressed during the quarter. Other chemical and component suppliers, including Ganfeng Lithium (-38.72%) and Guangzhou Tinci Materials (-38.44%), also weighed on index performance.
Visit the BATT fund page for more information, including fact sheets, index methodology, and regulatory documents.