The 4 Best Cobalt ETFs To Buy in 2026

Cobalt has a variety of applications and is poised to be used much more in the coming years. Here we'll check out the 4 best cobalt ETFs for 2026.

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Introduction – Why Cobalt ETFs?

Cobalt is used in a wide range of industrial, technological, and medical applications. Examples include jet engines, magnets, and rechargeable batteries.

Cobalt is typically combined with other metals to make alloys. Cobalt alloys can withstand extreme temperatures, which is why they're used heavily in the production of jet engine parts like turbine blades.

Other uses include MRI machines, generators, artificial joints, ceramics, cutting tools, electronic devices, and arguably most notably, rechargeable batteries. That last one is particularly significant with the soaring interest in electric vehicles. There's no denying that rising EV adoption has directly caused a rise in cobalt demand.

Cobalt is also used for wind turbines and solar panels. So more generally, with the push for sustainable energy, cobalt mining and utilization are set to grow rapidly in the coming years as a result.

Direct investment exposure to cobalt miners can be somewhat hard to come by, so ETFs provide more diversified access to the metal. Below we'll check out a few of the best cobalt ETFs.

The 4 Best Cobalt ETFs

The 4 cobalt ETFs below differ somewhat in scope, cost, popularity, and selection.

EVMT – Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF

EVMT from Invesco launched in early 2022 and has roughly $23 million in assets.

EVMT actively trades commodity futures and other financial instruments that provide exposure to the various metals used in the production of electric vehicles, including cobalt, nickel, iron ore, aluminum, copper, zinc, and silver.

EVMT has an expense ratio of 0.59% and conveniently does not generate a K-1 at tax time.

PICK – iShares MSCI Global Metals & Mining Producers ETF

PICK from iShares is passively exposed to cobalt by tracking a broad index of global metals mining, extraction, or production companies, while excluding silver and gold miners.

As such, unlike EVMT, PICK is certainly not a pure cobalt play, but is one of the cheaper ways to access it indirectly. The fund holds about 250 mining companies around the globe.

Cobalt exposure in PICK is an estimated 5% roughly, as it's basically a byproduct of copper and nickel mining.

PICK has nearly $2 billion in assets and a fee of 0.39%.

ION – ProShares S&P Global Core Battery Metals ETF

A similar global miners play but with comparatively more cobalt exposure would be ION from ProShares, which specifically narrows in on battery production metals, namely nickel, lithium, and cobalt.

It does so by seeking to track the The S&P Global Core Battery Metals Index, comprised of companies engaged in the mining of cobalt, lithium, and nickel base metals used to produce batteries.

ION's estimated cobalt exposure would be about 15%.

ION has about $15 million in assets, 52 holdings, and a fee of 0.58%.

BATT – Amplify Lithium & Battery Technology ETF

BATT from Amplify launched in 2018 and is pretty similar to ION.

BATT seeks to track the EQM Lithium & Battery Technology Index, which holds a cap weighted basket of battery materials companies that mine or produce lithium, cobalt, nickel, manganese, and graphite. To qualify for inclusion, companies must generate at least half of their revenue from the mining, exploration, production, development, processing, or recycling of these metals.

BATT has 89 holdings and an expense ratio of 0.59%.

Where To Buy These Cobalt ETFs

All these cobalt ETFs should be available at any major broker. My choice is M1 Finance. The broker has zero trade commissions and zero account fees, and offers fractional shares, dynamic rebalancing, and a modern, user-friendly interface and mobile app. I wrote a comprehensive review of M1 Finance here.

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