LIMI vs. IVEP

Last updated Jun 4, 2026

LIMI (Themes Lithium & Battery Metal Miners ETF) and IVEP (Dan IVES Wedbush AI Power & Infrastructure ETF) are both exchange-traded funds - LIMI is a Commodity Producers Equities fund tracking the BITA Global Lithium and Battery Metals Select Index, while IVEP is a Industrials Equities fund tracking the Solactive Wedbush AI Power & Infrastructure Index. Both are passively managed. A 0.53 correlation means they provide meaningful diversification when combined. LIMI charges 0.35%/yr vs 0.75%/yr for IVEP.

Performance

LIMI vs. IVEP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Lithium & Battery Metal Miners ETF (LIMI) and Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LIMI

• 1D: -2.97%
• 1M: -7.76%
• YTD: 19.24%
• 6M: 32.07%
• 1Y: 160.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IVEP

• 1D: -0.87%
• 1M: -1.63%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LIMI vs. IVEP - Yearly Performance Comparison

	2026 (YTD)
LIMI Themes Lithium & Battery Metal Miners ETF	9.02%
IVEP Dan IVES Wedbush AI Power & Infrastructure ETF	8.37%

Correlation

The correlation between LIMI and IVEP is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 9, 2026	0.53

Return for Risk

LIMI vs. IVEP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LIMI

LIMI Risk / Return Rank: 89
LIMI Sharpe Ratio Rank: 94
LIMI Sortino Ratio Rank: 85
LIMI Omega Ratio Rank: 81
LIMI Calmar Ratio Rank: 94
LIMI Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LIMI vs. IVEP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Lithium & Battery Metal Miners ETF (LIMI) and Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP). 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.

	LIMI	IVEP	Difference
Sharpe ratio: Return per unit of total volatility	3.71	—	—
Sortino ratio: Return per unit of downside risk	3.82	—	—
Omega ratio: Gain probability vs. loss probability	1.48	—	—
Calmar ratio: Return relative to maximum drawdown	7.03	—	—
Martin ratio: Return relative to average drawdown	21.57	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	LIMI	IVEP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.50	2.62	-1.12

Drawdowns

LIMI vs. IVEP - Drawdown Comparison

The maximum LIMI drawdown since its inception was -43.77%, which is greater than IVEP's maximum drawdown of -7.34%. Use the drawdown chart below to compare losses from any high point for LIMI and IVEP.

Drawdown Indicators

	LIMI	IVEP	Difference
Max Drawdown Largest peak-to-trough decline	-43.77%	-7.34%	-36.43%
Max Drawdown (1Y) Largest decline over 1 year	-23.00%	—	—
Current Drawdown Current decline from peak	-11.69%	-3.31%	-8.38%
Average Drawdown Average peak-to-trough decline	-13.02%	-1.97%	-11.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.48%	—	—

Volatility

Volatility by Period

	LIMI	IVEP	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.74%	—	—
Volatility (6M) Calculated over the trailing 6-month period	29.23%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	43.66%	26.29%	+17.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.41%	26.29%	+15.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.41%	26.29%	+15.12%

LIMI vs. IVEP - Expense Ratio Comparison

LIMI has a 0.35% expense ratio, which is lower than IVEP's 0.75% expense ratio.

Dividends

LIMI vs. IVEP - Dividend Comparison

LIMI's dividend yield for the trailing twelve months is around 0.45%, while IVEP has not paid dividends to shareholders.

Position	TTM	2025	2024
IVEP Dan IVES Wedbush AI Power & Infrastructure ETF	0.00%	0.00%	0.00%
LIMI Themes Lithium & Battery Metal Miners ETF	0.45%	0.54%	8.14%

Frequently Asked Questions

Can I hold both LIMI and IVEP in my portfolio?

LIMI and IVEP have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LIMI or IVEP?

On fees, LIMI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LIMI or IVEP?

LIMI is cheaper with a 0.35% expense ratio, compared with 0.75% for IVEP.

Which ETF pays a higher dividend yield, LIMI or IVEP?

LIMI has the higher dividend yield at 0.45%, compared with 0.00% for IVEP.

What is the main difference between LIMI and IVEP?

LIMI is categorized as Commodity Producers Equities, while IVEP is Industrials Equities. LIMI tracks BITA Global Lithium and Battery Metals Select Index, while IVEP tracks Solactive Wedbush AI Power & Infrastructure Index. They also come from different issuers: Themes and Wedbush. Their fees differ too: 0.35% for LIMI and 0.75% for IVEP.