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LIT vs. ALB

Last updated Feb 29, 2024

Compare and contrast key facts about Global X Lithium & Battery Tech ETF (LIT) and Albemarle Corporation (ALB).

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.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LIT or ALB.

Key characteristics


LITALB
YTD Return-12.70%-8.60%
1Y Return-29.53%-47.62%
3Y Return (Ann)-9.22%-4.92%
5Y Return (Ann)9.46%9.11%
10Y Return (Ann)6.27%8.72%
Sharpe Ratio-1.14-1.01
Daily Std Dev25.87%47.48%
Max Drawdown-61.91%-66.31%
Current Drawdown-52.81%-59.00%

Correlation

0.67
-1.001.00

The correlation between LIT and ALB is 0.67, 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.

LIT vs. ALB - Performance Comparison

In the year-to-date period, LIT achieves a -12.70% return, which is significantly lower than ALB's -8.60% return. Over the past 10 years, LIT has underperformed ALB with an annualized return of 6.27%, while ALB has yielded a comparatively higher 8.72% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-40.00%-30.00%-20.00%-10.00%0.00%SeptemberOctoberNovemberDecember2024February
-24.59%
-33.17%
LIT
ALB

Compare stocks, funds, or ETFs


Global X Lithium & Battery Tech ETF

Albemarle Corporation

LIT vs. ALB - Dividend Comparison

LIT's dividend yield for the trailing twelve months is around 1.27%, more than ALB's 1.21% yield.


TTM20232022202120202019201820172016201520142013
LIT
Global X Lithium & Battery Tech ETF
1.27%1.11%0.99%0.22%0.40%1.85%2.52%3.26%2.15%0.24%1.07%0.32%
ALB
Albemarle Corporation
1.21%1.11%0.73%0.67%1.04%2.01%1.74%1.00%1.42%2.07%1.83%1.51%

LIT vs. ALB - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Lithium & Battery Tech ETF (LIT) and Albemarle Corporation (ALB). 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
LIT
Global X Lithium & Battery Tech ETF
-1.14
ALB
Albemarle Corporation
-1.01

LIT vs. ALB - Sharpe Ratio Comparison

The current LIT Sharpe Ratio is -1.14, which roughly equals the ALB Sharpe Ratio of -1.01. The chart below compares the 12-month rolling Sharpe Ratio of LIT and ALB.


Rolling 12-month Sharpe Ratio-1.80-1.60-1.40-1.20-1.00-0.80-0.60-0.40SeptemberOctoberNovemberDecember2024February
-1.14
-1.01
LIT
ALB

LIT vs. ALB - Drawdown Comparison

The maximum LIT drawdown since its inception was -61.91%, smaller than the maximum ALB drawdown of -66.31%. The drawdown chart below compares losses from any high point along the way for LIT and ALB


-70.00%-65.00%-60.00%-55.00%-50.00%-45.00%-40.00%-35.00%SeptemberOctoberNovemberDecember2024February
-52.81%
-59.00%
LIT
ALB

LIT vs. ALB - Volatility Comparison

The current volatility for Global X Lithium & Battery Tech ETF (LIT) is 9.87%, while Albemarle Corporation (ALB) has a volatility of 16.65%. This indicates that LIT experiences smaller price fluctuations and is considered to be less risky than ALB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%SeptemberOctoberNovemberDecember2024February
9.87%
16.65%
LIT
ALB