LIT vs. MTDR
Compare and contrast key facts about Global X Lithium & Battery Tech ETF (LIT) and Matador Resources Company (MTDR).
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 MTDR.
Key characteristics
| LIT | MTDR | |
|---|---|---|
| YTD Return | -17.16% | 15.72% |
| 1Y Return | -27.58% | 40.35% |
| 3Y Return (Ann) | -12.18% | 39.61% |
| 5Y Return (Ann) | 9.77% | 27.84% |
| 10Y Return (Ann) | 6.46% | 9.27% |
| Sharpe Ratio | -1.00 | 1.00 |
| Daily Std Dev | 26.70% | 35.53% |
| Max Drawdown | -61.91% | -96.50% |
| Current Drawdown | -55.21% | -9.08% |
Correlation
The correlation between LIT and MTDR is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
LIT vs. MTDR - Performance Comparison
In the year-to-date period, LIT achieves a -17.16% return, which is significantly lower than MTDR's 15.72% return. Over the past 10 years, LIT has underperformed MTDR with an annualized return of 6.46%, while MTDR has yielded a comparatively higher 9.27% 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. MTDR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Lithium & Battery Tech ETF (LIT) and Matador Resources Company (MTDR). 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. MTDR - Dividend Comparison
LIT's dividend yield for the trailing twelve months is around 1.34%, more than MTDR's 1.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LIT Global X Lithium & Battery Tech ETF | 1.34% | 1.11% | 0.99% | 0.22% | 0.40% | 1.85% | 2.52% | 3.26% | 2.15% | 0.24% | 1.07% | 0.32% |
MTDR Matador Resources Company | 1.07% | 1.14% | 0.52% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
LIT vs. MTDR - Drawdown Comparison
The maximum LIT drawdown since its inception was -61.91%, smaller than the maximum MTDR drawdown of -96.50%. Use the drawdown chart below to compare losses from any high point for LIT and MTDR. For additional features, visit the drawdowns tool.
Volatility
LIT vs. MTDR - Volatility Comparison
Global X Lithium & Battery Tech ETF (LIT) has a higher volatility of 7.20% compared to Matador Resources Company (MTDR) at 5.85%. This indicates that LIT's price experiences larger fluctuations and is considered to be riskier than MTDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.