LIMI vs. EMET
LIMI (Themes Lithium & Battery Metal Miners ETF) and EMET (VanEck Copper and Green Metals ETF) are both exchange-traded funds - LIMI is a Lithium & Battery Metals fund tracking the BITA Global Lithium and Battery Metals Select Index, while EMET is a Copper fund tracking the MVIS Global Clean-Tech Metals Index. Both are passively managed. Over the past year, LIMI returned 48.99% vs 64.11% for EMET. Their 0.69 correlation means they have sometimes moved together and sometimes differently. LIMI charges 0.35%/yr vs 0.61%/yr for EMET.
Performance
LIMI vs. EMET - Performance Comparison
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Returns By Period
In the year-to-date period, LIMI achieves a -16.72% return, which is significantly lower than EMET's 4.91% return.
LIMI
- 1D
- -1.54%
- 1M
- -19.51%
- 6M
- -19.59%
- YTD
- -16.72%
- 1Y
- 48.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 28.06%
EMET
- 1D
- -0.78%
- 1M
- -2.10%
- 6M
- -9.46%
- YTD
- 4.91%
- 1Y
- 64.11%
- 3Y*
- 13.48%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $206.80K | $212.67K | $453.71K | |
| $22.23K | $21.25K | $40.77K |
LIMI vs. EMET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LIMI Themes Lithium & Battery Metal Miners ETF | -16.72% | 91.22% | -0.82% |
EMET VanEck Copper and Green Metals ETF | 4.91% | 81.22% | -8.98% |
Correlation
The correlation between LIMI and EMET is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.64 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2024 | 0.69 |
The correlation between LIMI and EMET has been stable across timeframes, ranging from 0.64 to 0.69 - a consistent structural relationship.
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Return for Risk
LIMI vs. EMET — Risk / Return Rank
LIMI
EMET
LIMI vs. EMET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Themes Lithium & Battery Metal Miners ETF (LIMI) and VanEck Copper and Green Metals ETF (EMET). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LIMI | EMET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.27 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 2.53 | -1.23 |
| Martin ratioReturn relative to average drawdown | 3.79 | 6.21 | -2.42 |
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Drawdowns
LIMI vs. EMET - Drawdown Comparison
The maximum LIMI drawdown since its inception was -43.77%, smaller than the maximum EMET drawdown of -53.05%. Use the drawdown chart below to compare losses from any high point for LIMI and EMET.
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Drawdown Indicators
| LIMI | EMET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.77% | -53.05% | +9.28% |
Max Drawdown (1Y)Largest decline over 1 year | -39.24% | -25.58% | -13.66% |
Max Drawdown (3Y)Largest decline over 3 years | — | -40.50% | — |
Current DrawdownCurrent decline from peak | -38.32% | -20.49% | -17.83% |
Average DrawdownAverage peak-to-trough decline | -14.17% | -24.56% | +10.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.33% | 10.39% | +2.94% |
Volatility
LIMI vs. EMET - Volatility Comparison
The current volatility for Themes Lithium & Battery Metal Miners ETF (LIMI) is 10.84%, while VanEck Copper and Green Metals ETF (EMET) has a volatility of 11.74%. This indicates that LIMI experiences smaller price fluctuations and is considered to be less risky than EMET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LIMI | EMET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.84% | 11.74% | -0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 31.00% | 33.95% | -2.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.90% | 39.19% | +5.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.79% | 33.48% | +8.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.79% | 33.48% | +8.31% |
LIMI vs. EMET - Expense Ratio Comparison
LIMI has a 0.35% expense ratio, which is lower than EMET's 0.61% expense ratio.
Dividends
LIMI vs. EMET - Dividend Comparison
LIMI's dividend yield for the trailing twelve months is around 0.65%, less than EMET's 1.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EMET VanEck Copper and Green Metals ETF | 1.76% | 1.84% | 1.89% | 2.02% | 2.56% |
LIMI Themes Lithium & Battery Metal Miners ETF | 0.65% | 0.54% | 8.14% | 0.00% | 0.00% |
Frequently Asked Questions
LIMI and EMET have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMET has higher volatility (11.74%) compared to LIMI (10.84%). In terms of maximum drawdown, LIMI dropped -43.77% vs EMET's -53.05%.
On 1-year performance, EMET leads with 64.11% vs 48.99% for LIMI. On fees, LIMI is cheaper at 0.35% per year. On volatility, LIMI has been the lower-risk option at 10.84%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EMET has performed better with a 64.11% return vs 48.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LIMI is cheaper with a 0.35% expense ratio, compared with 0.61% for EMET.
EMET has the higher dividend yield at 1.76%, compared with 0.65% for LIMI.
LIMI is categorized as Lithium & Battery Metals, while EMET is Copper. LIMI tracks BITA Global Lithium and Battery Metals Select Index, while EMET tracks MVIS Global Clean-Tech Metals Index. They also come from different issuers: Themes and VanEck. Their fees differ too: 0.35% for LIMI and 0.61% for EMET.
EMET currently has the higher Sharpe Ratio (1.65 vs 1.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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