LIMI vs. LIT

Last updated Jul 11, 2026

LIMI (Themes Lithium & Battery Metal Miners ETF) and LIT (Global X Lithium & Battery Tech ETF) are both Lithium & Battery Metals funds - LIMI tracks the BITA Global Lithium and Battery Metals Select Index while LIT tracks the Solactive Global Lithium Index. Both are passively managed. Over the past year, LIMI returned 67.12% vs 81.25% for LIT. Their correlation of 0.86 suggests significant overlap in exposure. LIMI charges 0.35%/yr vs 0.75%/yr for LIT.

Performance

LIMI vs. LIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Lithium & Battery Metal Miners ETF (LIMI) and Global X Lithium & Battery Tech ETF (LIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LIMI achieves a -7.47% return, which is significantly lower than LIT's 11.98% return.

LIMI

• 1D: -1.07%
• 1M: -20.27%
• 6M: -17.03%
• YTD: -7.47%
• 1Y: 67.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LIT

• 1D: -0.69%
• 1M: -11.82%
• 6M: 6.48%
• YTD: 11.98%
• 1Y: 81.25%
• 3Y*: 3.15%
• 5Y*: -0.72%
• 10Y*: 12.64%

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

LIMI vs. LIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LIMI Themes Lithium & Battery Metal Miners ETF	-7.47%	91.22%	-0.82%
LIT Global X Lithium & Battery Tech ETF	11.98%	60.05%	9.79%

Correlation

The correlation between LIMI and LIT is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (All Time) Calculated using the full available price history since Sep 24, 2024	0.86

The correlation between LIMI and LIT has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.

Return for Risk

LIMI vs. LIT — Risk / Return Rank

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

LIMI

LIMI Risk / Return Rank: 50
LIMI Sharpe Ratio Rank: 53
LIMI Sortino Ratio Rank: 51
LIMI Omega Ratio Rank: 47
LIMI Calmar Ratio Rank: 52
LIMI Martin Ratio Rank: 49

LIT

LIT Risk / Return Rank: 84
LIT Sharpe Ratio Rank: 90
LIT Sortino Ratio Rank: 82
LIT Omega Ratio Rank: 79
LIT Calmar Ratio Rank: 86
LIT Martin Ratio Rank: 84

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. LIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Lithium & Battery Metal Miners ETF (LIMI) 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.

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	LIT	Difference
Sharpe ratio: Return per unit of total volatility	1.45	2.38	-0.92
Sortino ratio: Return per unit of downside risk	2.01	2.90	-0.90
Omega ratio: Gain probability vs. loss probability	1.24	1.37	-0.13
Calmar ratio: Return relative to maximum drawdown	2.08	3.88	-1.81
Martin ratio: Return relative to average drawdown	6.50	13.52	-7.02

LIMI vs. LIT - Sharpe Ratio Comparison

The current LIMI Sharpe Ratio is 1.45, which is lower than the LIT Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of LIMI and LIT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LIMI vs. LIT - Drawdown Comparison

The maximum LIMI drawdown since its inception was -43.77%, smaller than the maximum LIT drawdown of -65.91%. Use the drawdown chart below to compare losses from any high point for LIMI and LIT.

Drawdown Indicators

	LIMI	LIT	Difference
Max Drawdown Largest peak-to-trough decline	-43.77%	-65.91%	+22.14%
Max Drawdown (1Y) Largest decline over 1 year	-31.47%	-20.95%	-10.52%
Max Drawdown (3Y) Largest decline over 3 years	—	-52.39%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-65.91%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-65.91%	—
Current Drawdown Current decline from peak	-31.47%	-21.71%	-9.76%
Average Drawdown Average peak-to-trough decline	-13.42%	-33.51%	+20.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.03%	6.00%	+4.03%

Volatility

LIMI vs. LIT - Volatility Comparison

Themes Lithium & Battery Metal Miners ETF (LIMI) has a higher volatility of 12.96% compared to Global X Lithium & Battery Tech ETF (LIT) at 10.65%. This indicates that LIMI's price experiences larger fluctuations and is considered to be riskier than LIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LIMI	LIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.96%	10.65%	+2.31%
Volatility (6M) Calculated over the trailing 6-month period	30.72%	24.42%	+6.30%
Volatility (1Y) Calculated over the trailing 1-year period	45.09%	34.29%	+10.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.82%	32.11%	+9.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.82%	30.71%	+11.11%

LIMI vs. LIT - Expense Ratio Comparison

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

Dividends

LIMI vs. LIT - Dividend Comparison

LIMI's dividend yield for the trailing twelve months is around 0.59%, less than LIT's 0.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LIMI Themes Lithium & Battery Metal Miners ETF	0.59%	0.54%	8.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LIT Global X Lithium & Battery Tech ETF	0.70%	0.49%	0.93%	1.11%	0.99%	0.22%	0.40%	1.85%	2.52%	3.26%	2.15%	0.24%

Frequently Asked Questions

Can I hold both LIMI and LIT in my portfolio?

LIMI and LIT have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LIMI or LIT?

LIMI has higher volatility (12.96%) compared to LIT (10.65%). In terms of maximum drawdown, LIMI dropped -43.77% vs LIT's -65.91%.

Which ETF is better, LIMI or LIT?

On 1-year performance, LIT leads with 81.25% vs 67.12% for LIMI. On fees, LIMI is cheaper at 0.35% per year. On volatility, LIT has been the lower-risk option at 10.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LIMI or LIT?

Over the 1-year period, LIT has performed better with a 81.25% return vs 67.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LIMI or LIT?

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

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

LIT has the higher dividend yield at 0.70%, compared with 0.59% for LIMI.

What is the main difference between LIMI and LIT?

LIMI tracks BITA Global Lithium and Battery Metals Select Index, while LIT tracks Solactive Global Lithium Index. They also come from different issuers: Themes and Global X. Their fees differ too: 0.35% for LIMI and 0.75% for LIT.

Which has better risk-adjusted returns?

LIT currently has the higher Sharpe Ratio (2.38 vs 1.45), 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.