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.
Key characteristics
| BWA | LIT | |
|---|---|---|
| YTD Return | -3.00% | -11.64% |
| 1Y Return | 2.22% | -9.52% |
| 3Y Return (Ann) | -5.59% | -21.04% |
| 5Y Return (Ann) | -1.05% | 12.73% |
| 10Y Return (Ann) | -2.08% | 7.93% |
| Sharpe Ratio | 0.14 | -0.26 |
| Sortino Ratio | 0.42 | -0.16 |
| Omega Ratio | 1.05 | 0.98 |
| Calmar Ratio | 0.10 | -0.14 |
| Martin Ratio | 0.44 | -0.48 |
| Ulcer Index | 9.35% | 18.06% |
| Daily Std Dev | 30.17% | 32.99% |
| Max Drawdown | -72.15% | -62.61% |
| Current Drawdown | -32.51% | -52.23% |
Correlation
The correlation between BWA and LIT is 0.50, 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
In the year-to-date period, BWA achieves a -3.00% return, which is significantly higher than LIT's -11.64% return. Over the past 10 years, BWA has underperformed LIT with an annualized return of -2.08%, while LIT has yielded a comparatively higher 7.93% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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.
Dividends
BWA vs. LIT - Dividend Comparison
BWA's dividend yield for the trailing twelve months is around 1.28%, less than LIT's 1.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BWA BorgWarner Inc. | 1.28% | 1.45% | 1.69% | 1.51% | 1.76% | 1.57% | 1.96% | 1.16% | 1.34% | 1.20% | 0.93% | 0.45% |
LIT Global X Lithium & Battery Tech ETF | 1.36% | 1.11% | 0.99% | 0.22% | 0.40% | 1.85% | 2.52% | 3.26% | 2.15% | 0.24% | 1.07% | 0.32% |
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 -62.61%. Use the drawdown chart below to compare losses from any high point for BWA and LIT. For additional features, visit the drawdowns tool.
Volatility
BWA vs. LIT - Volatility Comparison
The current volatility for BorgWarner Inc. (BWA) is 7.25%, while Global X Lithium & Battery Tech ETF (LIT) has a volatility of 10.98%. This indicates that BWA experiences smaller price fluctuations and is considered to be less risky than LIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.