LIT vs. BATT
Compare and contrast key facts about Global X Lithium & Battery Tech ETF (LIT) and Amplify Lithium & Battery Technology ETF (BATT).
LIT and BATT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BATT is an actively managed fund by Amplify Investments. It was launched on Jun 6, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LIT or BATT.
Key characteristics
| LIT | BATT | |
|---|---|---|
| YTD Return | -25.01% | -17.56% |
| 1Y Return | -41.55% | -35.22% |
| 3Y Return (Ann) | -21.43% | -18.86% |
| 5Y Return (Ann) | 8.83% | -2.60% |
| Sharpe Ratio | -1.46 | -1.50 |
| Daily Std Dev | 27.96% | 23.25% |
| Max Drawdown | -61.91% | -69.38% |
| Current Drawdown | -59.46% | -53.49% |
Correlation
The correlation between LIT and BATT is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
LIT vs. BATT - Performance Comparison
In the year-to-date period, LIT achieves a -25.01% return, which is significantly lower than BATT's -17.56% 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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LIT vs. BATT - Expense Ratio Comparison
LIT has a 0.75% expense ratio, which is higher than BATT's 0.59% expense ratio.
Risk-Adjusted Performance
LIT vs. BATT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Lithium & Battery Tech ETF (LIT) and Amplify Lithium & Battery Technology ETF (BATT). 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. BATT - Dividend Comparison
LIT's dividend yield for the trailing twelve months is around 1.60%, less than BATT's 3.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LIT Global X Lithium & Battery Tech ETF | 1.60% | 1.11% | 0.99% | 0.22% | 0.40% | 1.85% | 2.52% | 3.26% | 2.15% | 0.24% | 1.07% | 0.32% |
BATT Amplify Lithium & Battery Technology ETF | 3.92% | 3.23% | 4.14% | 2.32% | 0.21% | 3.22% | 0.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
LIT vs. BATT - Drawdown Comparison
The maximum LIT drawdown since its inception was -61.91%, smaller than the maximum BATT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for LIT and BATT. For additional features, visit the drawdowns tool.
Volatility
LIT vs. BATT - Volatility Comparison
Global X Lithium & Battery Tech ETF (LIT) has a higher volatility of 8.41% compared to Amplify Lithium & Battery Technology ETF (BATT) at 6.89%. This indicates that LIT's price experiences larger fluctuations and is considered to be riskier than BATT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.