LIT vs. MTUM
Compare and contrast key facts about Global X Lithium & Battery Tech ETF (LIT) and iShares Edge MSCI USA Momentum Factor ETF (MTUM).
LIT and MTUM 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. MTUM is a passively managed fund by iShares that tracks the performance of the MSCI USA Momentum Index. It was launched on Apr 16, 2013. Both LIT and MTUM 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 MTUM.
Performance
LIT vs. MTUM - Performance Comparison
Returns By Period
In the year-to-date period, LIT achieves a -10.55% return, which is significantly lower than MTUM's 35.43% return. Over the past 10 years, LIT has underperformed MTUM with an annualized return of 7.94%, while MTUM has yielded a comparatively higher 13.45% annualized return.
LIT
-10.55%
6.84%
1.68%
-7.18%
13.64%
7.94%
MTUM
35.43%
1.39%
12.47%
41.04%
12.96%
13.45%
Key characteristics
| LIT | MTUM | |
|---|---|---|
| Sharpe Ratio | -0.25 | 2.20 |
| Sortino Ratio | -0.15 | 2.98 |
| Omega Ratio | 0.98 | 1.39 |
| Calmar Ratio | -0.13 | 1.90 |
| Martin Ratio | -0.46 | 12.74 |
| Ulcer Index | 18.12% | 3.18% |
| Daily Std Dev | 32.79% | 18.44% |
| Max Drawdown | -62.61% | -34.08% |
| Current Drawdown | -51.65% | -1.05% |
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LIT vs. MTUM - Expense Ratio Comparison
LIT has a 0.75% expense ratio, which is higher than MTUM's 0.15% expense ratio.
Correlation
The correlation between LIT and MTUM is 0.53, 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.
Risk-Adjusted Performance
LIT vs. MTUM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Lithium & Battery Tech ETF (LIT) and iShares Edge MSCI USA Momentum Factor ETF (MTUM). 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. MTUM - Dividend Comparison
LIT's dividend yield for the trailing twelve months is around 1.34%, more than MTUM's 0.55% 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% |
MTUM iShares Edge MSCI USA Momentum Factor ETF | 0.55% | 1.35% | 1.80% | 0.55% | 0.83% | 1.48% | 1.27% | 1.02% | 1.43% | 1.12% | 1.04% | 1.02% |
Drawdowns
LIT vs. MTUM - Drawdown Comparison
The maximum LIT drawdown since its inception was -62.61%, which is greater than MTUM's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for LIT and MTUM. For additional features, visit the drawdowns tool.
Volatility
LIT vs. MTUM - Volatility Comparison
Global X Lithium & Battery Tech ETF (LIT) has a higher volatility of 10.59% compared to iShares Edge MSCI USA Momentum Factor ETF (MTUM) at 4.14%. This indicates that LIT's price experiences larger fluctuations and is considered to be riskier than MTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.