LIT vs. DRIV
Compare and contrast key facts about Global X Lithium & Battery Tech ETF (LIT) and Global X Autonomous & Electric Vehicles ETF (DRIV).
LIT and DRIV 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. DRIV is a passively managed fund by Global X that tracks the performance of the Solactive Autonomous & Electric Vehicles Index. It was launched on Apr 13, 2018. Both LIT and DRIV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LIT or DRIV.
Key characteristics
| LIT | DRIV | |
|---|---|---|
| YTD Return | -16.28% | -7.07% |
| 1Y Return | -12.29% | 7.15% |
| 3Y Return (Ann) | -20.93% | -6.61% |
| 5Y Return (Ann) | 12.69% | 12.23% |
| Sharpe Ratio | -0.42 | 0.25 |
| Sortino Ratio | -0.43 | 0.50 |
| Omega Ratio | 0.96 | 1.06 |
| Calmar Ratio | -0.21 | 0.17 |
| Martin Ratio | -0.76 | 0.79 |
| Ulcer Index | 17.67% | 7.20% |
| Daily Std Dev | 32.22% | 22.78% |
| Max Drawdown | -62.61% | -39.24% |
| Current Drawdown | -54.74% | -26.48% |
Correlation
The correlation between LIT and DRIV is 0.76, 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. DRIV - Performance Comparison
In the year-to-date period, LIT achieves a -16.28% return, which is significantly lower than DRIV's -7.07% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
LIT vs. DRIV - Expense Ratio Comparison
LIT has a 0.75% expense ratio, which is higher than DRIV's 0.68% expense ratio.
Risk-Adjusted Performance
LIT vs. DRIV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Lithium & Battery Tech ETF (LIT) and Global X Autonomous & Electric Vehicles ETF (DRIV). 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. DRIV - Dividend Comparison
LIT's dividend yield for the trailing twelve months is around 1.43%, less than DRIV's 1.79% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LIT Global X Lithium & Battery Tech ETF | 1.43% | 1.11% | 0.99% | 0.22% | 0.40% | 1.85% | 2.52% | 3.26% | 2.15% | 0.24% | 1.07% | 0.32% |
DRIV Global X Autonomous & Electric Vehicles ETF | 1.79% | 1.62% | 1.24% | 0.32% | 0.29% | 1.23% | 2.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
LIT vs. DRIV - Drawdown Comparison
The maximum LIT drawdown since its inception was -62.61%, which is greater than DRIV's maximum drawdown of -39.24%. Use the drawdown chart below to compare losses from any high point for LIT and DRIV. For additional features, visit the drawdowns tool.
Volatility
LIT vs. DRIV - Volatility Comparison
Global X Lithium & Battery Tech ETF (LIT) has a higher volatility of 14.38% compared to Global X Autonomous & Electric Vehicles ETF (DRIV) at 6.18%. This indicates that LIT's price experiences larger fluctuations and is considered to be riskier than DRIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.