ILIT vs. LITP
Compare and contrast key facts about Ishares Lithium Miners And Producers ETF (ILIT) and Sprott Lithium Miners ETF (LITP).
ILIT and LITP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. LITP is a passively managed fund by Sprott that tracks the performance of the Nasdaq Sprott Lithium Miners Index - Benchmark TR Gross. It was launched on Feb 1, 2023. Both ILIT and LITP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ILIT or LITP.
Correlation
The correlation between ILIT and LITP is 0.88, 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. LITP - Performance Comparison
Key characteristics
ILIT:
-0.88
LITP:
-0.65
ILIT:
-1.28
LITP:
-0.80
ILIT:
0.87
LITP:
0.91
ILIT:
-0.52
LITP:
-0.42
ILIT:
-1.42
LITP:
-1.19
ILIT:
24.41%
LITP:
24.51%
ILIT:
39.40%
LITP:
44.77%
ILIT:
-66.49%
LITP:
-68.78%
ILIT:
-61.39%
LITP:
-60.76%
Returns By Period
In the year-to-date period, ILIT achieves a 7.12% return, which is significantly lower than LITP's 9.43% return.
ILIT
7.12%
0.57%
-7.69%
-32.47%
N/A
N/A
LITP
9.43%
3.25%
-4.17%
-25.90%
N/A
N/A
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ILIT vs. LITP - Expense Ratio Comparison
ILIT has a 0.47% expense ratio, which is lower than LITP's 0.65% expense ratio.
Risk-Adjusted Performance
ILIT vs. LITP — Risk-Adjusted Performance Rank
ILIT
LITP
ILIT vs. LITP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares Lithium Miners And Producers ETF (ILIT) and Sprott Lithium Miners ETF (LITP). 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. LITP - Dividend Comparison
ILIT's dividend yield for the trailing twelve months is around 6.05%, more than LITP's 5.99% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
ILIT Ishares Lithium Miners And Producers ETF | 6.05% | 6.49% | 0.69% |
LITP Sprott Lithium Miners ETF | 5.99% | 6.56% | 2.79% |
Drawdowns
ILIT vs. LITP - Drawdown Comparison
The maximum ILIT drawdown since its inception was -66.49%, roughly equal to the maximum LITP drawdown of -68.78%. Use the drawdown chart below to compare losses from any high point for ILIT and LITP. For additional features, visit the drawdowns tool.
Volatility
ILIT vs. LITP - Volatility Comparison
The current volatility for Ishares Lithium Miners And Producers ETF (ILIT) is 8.38%, while Sprott Lithium Miners ETF (LITP) has a volatility of 9.75%. This indicates that ILIT experiences smaller price fluctuations and is considered to be less risky than LITP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.