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 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ILIT vs. ALB - Performance Comparison
Key characteristics
ILIT:
-0.74
ALB:
-0.49
ILIT:
-1.02
ALB:
-0.40
ILIT:
0.89
ALB:
0.95
ILIT:
-0.42
ALB:
-0.36
ILIT:
-1.07
ALB:
-0.93
ILIT:
26.38%
ALB:
29.64%
ILIT:
37.88%
ALB:
56.89%
ILIT:
-66.49%
ALB:
-77.22%
ILIT:
-63.55%
ALB:
-73.62%
Returns By Period
In the year-to-date period, ILIT achieves a 1.13% return, which is significantly higher than ALB's -2.80% return.
ILIT
1.13%
-6.28%
-4.84%
-28.72%
N/A
N/A
ALB
-2.80%
-14.18%
-4.76%
-26.00%
-0.88%
5.68%
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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 6.41%, more than ALB's 1.92% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ILIT Ishares Lithium Miners And Producers ETF | 6.41% | 6.49% | 0.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ALB Albemarle Corporation | 1.92% | 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 -66.49%, smaller than the maximum ALB drawdown of -77.22%. 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 7.38%, while Albemarle Corporation (ALB) has a volatility of 10.94%. 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.