LIT vs. SOXX
Compare and contrast key facts about Global X Lithium & Battery Tech ETF (LIT) and iShares PHLX Semiconductor ETF (SOXX).
LIT and SOXX 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. SOXX is a passively managed fund by iShares that tracks the performance of the PHLX Semiconductor Sector Index. It was launched on Jul 10, 2001. Both LIT and SOXX 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 SOXX.
Performance
LIT vs. SOXX - Performance Comparison
Returns By Period
In the year-to-date period, LIT achieves a -10.69% return, which is significantly lower than SOXX's 12.15% return. Over the past 10 years, LIT has underperformed SOXX with an annualized return of 7.92%, while SOXX has yielded a comparatively higher 23.15% annualized return.
LIT
-10.69%
5.48%
0.83%
-8.49%
13.52%
7.92%
SOXX
12.15%
-6.54%
-7.47%
23.73%
24.11%
23.15%
Key characteristics
| LIT | SOXX | |
|---|---|---|
| Sharpe Ratio | -0.22 | 0.74 |
| Sortino Ratio | -0.10 | 1.18 |
| Omega Ratio | 0.99 | 1.15 |
| Calmar Ratio | -0.12 | 1.02 |
| Martin Ratio | -0.40 | 2.53 |
| Ulcer Index | 18.12% | 10.08% |
| Daily Std Dev | 32.82% | 34.31% |
| Max Drawdown | -62.61% | -70.21% |
| Current Drawdown | -51.72% | -19.07% |
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LIT vs. SOXX - Expense Ratio Comparison
LIT has a 0.75% expense ratio, which is higher than SOXX's 0.46% expense ratio.
Correlation
The correlation between LIT and SOXX is 0.59, 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. SOXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Lithium & Battery Tech ETF (LIT) and iShares PHLX Semiconductor ETF (SOXX). 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. SOXX - Dividend Comparison
LIT's dividend yield for the trailing twelve months is around 1.34%, more than SOXX's 0.68% 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% |
SOXX iShares PHLX Semiconductor ETF | 0.68% | 0.78% | 1.25% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% | 1.56% | 1.18% |
Drawdowns
LIT vs. SOXX - Drawdown Comparison
The maximum LIT drawdown since its inception was -62.61%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for LIT and SOXX. For additional features, visit the drawdowns tool.
Volatility
LIT vs. SOXX - Volatility Comparison
Global X Lithium & Battery Tech ETF (LIT) has a higher volatility of 10.67% compared to iShares PHLX Semiconductor ETF (SOXX) at 8.88%. This indicates that LIT's price experiences larger fluctuations and is considered to be riskier than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.