BWA vs. LIT
Compare and contrast key facts about BorgWarner Inc. (BWA) and Global X Lithium & Battery Tech ETF (LIT).
LIT is a passively managed fund by Global X that tracks the performance of the Solactive Global Lithium Index. It was launched on Jul 22, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BWA or LIT.
Correlation
The correlation between BWA and LIT is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BWA vs. LIT - Performance Comparison
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Key characteristics
BWA:
-0.34
LIT:
-0.38
BWA:
-0.29
LIT:
-0.49
BWA:
0.97
LIT:
0.95
BWA:
-0.22
LIT:
-0.23
BWA:
-0.72
LIT:
-0.94
BWA:
15.17%
LIT:
15.76%
BWA:
32.13%
LIT:
32.89%
BWA:
-72.15%
LIT:
-65.91%
BWA:
-34.60%
LIT:
-58.02%
Returns By Period
In the year-to-date period, BWA achieves a 4.60% return, which is significantly higher than LIT's -3.90% return. Over the past 10 years, BWA has underperformed LIT with an annualized return of -3.40%, while LIT has yielded a comparatively higher 5.84% annualized return.
BWA
4.60%
26.50%
-5.07%
-10.75%
7.90%
-3.40%
LIT
-3.90%
10.43%
-14.30%
-12.35%
10.50%
5.84%
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Risk-Adjusted Performance
BWA vs. LIT — Risk-Adjusted Performance Rank
BWA
LIT
BWA vs. LIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BorgWarner Inc. (BWA) and Global X Lithium & Battery Tech ETF (LIT). 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.
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Dividends
BWA vs. LIT - Dividend Comparison
BWA's dividend yield for the trailing twelve months is around 1.33%, more than LIT's 0.97% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BWA BorgWarner Inc. | 1.33% | 1.38% | 1.45% | 1.69% | 1.51% | 1.76% | 1.57% | 1.96% | 1.16% | 1.34% | 1.20% | 0.93% |
LIT Global X Lithium & Battery Tech ETF | 0.97% | 0.93% | 1.11% | 0.99% | 0.22% | 0.40% | 1.85% | 2.52% | 3.26% | 2.15% | 0.24% | 1.07% |
Drawdowns
BWA vs. LIT - Drawdown Comparison
The maximum BWA drawdown since its inception was -72.15%, which is greater than LIT's maximum drawdown of -65.91%. Use the drawdown chart below to compare losses from any high point for BWA and LIT. For additional features, visit the drawdowns tool.
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Volatility
BWA vs. LIT - Volatility Comparison
BorgWarner Inc. (BWA) has a higher volatility of 8.13% compared to Global X Lithium & Battery Tech ETF (LIT) at 6.22%. This indicates that BWA's price experiences larger fluctuations and is considered to be riskier than LIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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