ILIT vs. ALB
Compare and contrast key facts about Ishares Lithium Miners And Producers ETF (ILIT) and Albemarle Corporation (ALB).
ILIT is a passively managed fund by iShares that tracks the performance of the STOXX Global Lithium Miners and Producers Index - USD - Benchmark TR Net. It was launched on Jun 21, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ILIT or ALB.
Correlation
The correlation between ILIT and ALB is 0.42, 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
ILIT vs. ALB - Performance Comparison
Key characteristics
ILIT:
-1.06
ALB:
-0.89
ILIT:
-1.76
ALB:
-1.36
ILIT:
0.82
ALB:
0.84
ILIT:
-0.56
ALB:
-0.62
ILIT:
-1.42
ALB:
-1.52
ILIT:
28.94%
ALB:
34.16%
ILIT:
38.73%
ALB:
58.09%
ILIT:
-73.69%
ALB:
-83.90%
ILIT:
-69.40%
ALB:
-81.19%
Returns By Period
In the year-to-date period, ILIT achieves a -15.11% return, which is significantly higher than ALB's -30.70% return.
ILIT
-15.11%
-7.13%
-30.45%
-39.67%
N/A
N/A
ALB
-30.70%
-17.40%
-36.78%
-49.25%
1.78%
1.28%
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Risk-Adjusted Performance
ILIT vs. ALB — Risk-Adjusted Performance Rank
ILIT
ALB
ILIT vs. ALB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares Lithium Miners And Producers ETF (ILIT) and Albemarle Corporation (ALB). 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
ILIT vs. ALB - Dividend Comparison
ILIT's dividend yield for the trailing twelve months is around 7.63%, more than ALB's 2.72% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ILIT Ishares Lithium Miners And Producers ETF | 7.63% | 6.48% | 0.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ALB Albemarle Corporation | 2.72% | 1.87% | 1.11% | 0.73% | 0.67% | 1.04% | 2.02% | 1.74% | 1.00% | 1.42% | 2.07% | 1.83% |
Drawdowns
ILIT vs. ALB - Drawdown Comparison
The maximum ILIT drawdown since its inception was -73.69%, smaller than the maximum ALB drawdown of -83.90%. Use the drawdown chart below to compare losses from any high point for ILIT and ALB. For additional features, visit the drawdowns tool.
Volatility
ILIT vs. ALB - Volatility Comparison
The current volatility for Ishares Lithium Miners And Producers ETF (ILIT) is 18.31%, while Albemarle Corporation (ALB) has a volatility of 30.83%. This indicates that ILIT experiences smaller price fluctuations and is considered to be less risky than ALB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.