LIT vs. ALB
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
| LIT | ALB | |
|---|---|---|
| YTD Return | -15.96% | -18.84% |
| 1Y Return | -28.30% | -36.53% |
| 3Y Return (Ann) | -11.43% | -11.00% |
| 5Y Return (Ann) | 10.08% | 10.43% |
| 10Y Return (Ann) | 6.47% | 7.29% |
| Sharpe Ratio | -0.99 | -0.67 |
| Daily Std Dev | 26.71% | 51.88% |
| Max Drawdown | -61.91% | -66.31% |
| Current Drawdown | -54.57% | -63.59% |
Correlation
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.
Performance
LIT vs. ALB - Performance Comparison
In the year-to-date period, LIT achieves a -15.96% return, which is significantly higher than ALB's -18.84% return. Over the past 10 years, LIT has underperformed ALB with an annualized return of 6.47%, while ALB has yielded a comparatively higher 7.29% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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.
Dividends
LIT vs. ALB - Dividend Comparison
LIT's dividend yield for the trailing twelve months is around 1.32%, less than ALB's 1.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LIT Global X Lithium & Battery Tech ETF | 1.32% | 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 | 1.37% | 1.11% | 0.73% | 0.67% | 1.04% | 2.01% | 1.74% | 1.00% | 1.42% | 2.07% | 1.83% | 1.51% |
Drawdowns
LIT vs. ALB - Drawdown Comparison
The maximum LIT drawdown since its inception was -61.91%, smaller than the maximum ALB drawdown of -66.31%. Use the drawdown chart below to compare losses from any high point for LIT and ALB. For additional features, visit the drawdowns tool.
Volatility
LIT vs. ALB - Volatility Comparison
The current volatility for Global X Lithium & Battery Tech ETF (LIT) is 7.17%, while Albemarle Corporation (ALB) has a volatility of 14.03%. 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.