Correlation
The correlation between ION and LIT is 0.47, 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.
ION vs. LIT
Compare and contrast key facts about Proshares S&P Global Core Battery Metals ETF (ION) and Global X Lithium & Battery Tech ETF (LIT).
ION and LIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ION is a passively managed fund by ProShares that tracks the performance of the S&P Global Core Battery Metals Index - Benchmark TR Net. It was launched on Nov 29, 2022. 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. Both ION and LIT 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: ION or LIT.
Performance
ION vs. LIT - Performance Comparison
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Key characteristics
ION:
-0.42
LIT:
-0.51
ION:
-0.52
LIT:
-0.62
ION:
0.94
LIT:
0.93
ION:
-0.28
LIT:
-0.26
ION:
-0.87
LIT:
-1.09
ION:
16.66%
LIT:
15.63%
ION:
31.22%
LIT:
32.77%
ION:
-52.07%
LIT:
-65.91%
ION:
-37.74%
LIT:
-61.26%
Returns By Period
In the year-to-date period, ION achieves a 6.19% return, which is significantly higher than LIT's -11.33% return.
ION
6.19%
6.88%
-3.37%
-12.29%
N/A
N/A
N/A
LIT
-11.33%
-0.88%
-18.85%
-16.02%
-20.32%
5.65%
5.35%
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ION vs. LIT - Expense Ratio Comparison
ION has a 0.58% expense ratio, which is lower than LIT's 0.75% expense ratio.
Risk-Adjusted Performance
ION vs. LIT — Risk-Adjusted Performance Rank
ION
LIT
ION vs. LIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares S&P Global Core Battery Metals ETF (ION) 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
ION vs. LIT - Dividend Comparison
ION's dividend yield for the trailing twelve months is around 1.61%, more than LIT's 1.05% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ION Proshares S&P Global Core Battery Metals ETF | 1.61% | 1.74% | 2.23% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LIT Global X Lithium & Battery Tech ETF | 1.05% | 0.93% | 1.11% | 0.99% | 0.22% | 0.40% | 1.85% | 2.52% | 3.26% | 2.15% | 0.24% | 1.07% |
Drawdowns
ION vs. LIT - Drawdown Comparison
The maximum ION drawdown since its inception was -52.07%, smaller than the maximum LIT drawdown of -65.91%. Use the drawdown chart below to compare losses from any high point for ION and LIT.
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Volatility
ION vs. LIT - Volatility Comparison
The current volatility for Proshares S&P Global Core Battery Metals ETF (ION) is 5.25%, while Global X Lithium & Battery Tech ETF (LIT) has a volatility of 6.33%. This indicates that ION 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.
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