5 Best Lithium ETFs

1. First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN)

5-Year Performance as of September 4: 140.74%

The First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) is an ETF with the goal of achieving investment outcomes that generally match the price and yield of the NASDAQ Clean Edge Green Energy Index, excluding the fund’s own costs. This fund was launched on February 8, 2007. As of September 1, 2023, the fund’s total net assets stand at $1.4 billion, and it holds a portfolio comprising 62 stocks. First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) features an expense ratio of 0.58%. It is the top performing lithium ETF on our list, based on its 5-year performance as of September 4.

Rivian Automotive, Inc. (NASDAQ:RIVN) is one of the largest holdings of the First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN). Rivian Automotive, Inc. (NASDAQ:RIVN) is in the business of creating, designing, making, and marketing electric vehicles and related accessories. Their lineup includes five-passenger pickup trucks and seven-passenger sports utility vehicles. The company directly sells these products to customers in both consumer and commercial markets.

According to Insider Monkey’s second quarter database, 37 hedge funds were bullish on Rivian Automotive, Inc. (NASDAQ:RIVN). This number increased from the last quarter when 31 funds had invested in the stock. Daniel Sundheim’s D1 Capital Partners is the largest position holder in the company, with 13.9 million shares valued at $231.7 million.

Baron Fifth Avenue Growth Fund made the following comment about Rivian Automotive, Inc. (NASDAQ:RIVN) in its second quarter 2023 investor letter:

“During the second quarter, we also added to our position in EV manufacturer Rivian Automotive, Inc. (NASDAQ:RIVN). After a complex period since the company’s IPO, in which Rivian tried to ramp multiple vehicles simultaneously while struggling to overcome unprecedented supply-chain bottlenecks, the company seems to have turned the corner. Production is now starting to scale up, which should help the company improve its plant utilization and subsequently help gross margins. The company is making notable progress in cost improvements by renegotiating with its suppliers, utilizing its larger scale to get better pricing, as well as, incorporating various technological advancements that would improve its cost structure while also improving the vehicles’ performance (for example it’s Enduro drive unit which is progressing ahead of plan).”

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