LITP vs. ALB
Compare and contrast key facts about Sprott Lithium Miners ETF (LITP) and Albemarle Corporation (ALB).
LITP is a passively managed fund by Sprott that tracks the performance of the Nasdaq Sprott Lithium Miners Index - Benchmark TR Gross. It was launched on Feb 1, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LITP or ALB.
Correlation
The correlation between LITP and ALB is 0.73, 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
LITP vs. ALB - Performance Comparison
Key characteristics
LITP:
-0.50
ALB:
-0.31
LITP:
-0.51
ALB:
-0.08
LITP:
0.94
ALB:
0.99
LITP:
-0.33
ALB:
-0.23
LITP:
-0.91
ALB:
-0.66
LITP:
24.52%
ALB:
27.23%
LITP:
44.59%
ALB:
57.65%
LITP:
-68.78%
ALB:
-77.22%
LITP:
-60.17%
ALB:
-69.26%
Returns By Period
In the year-to-date period, LITP achieves a 11.08% return, which is significantly lower than ALB's 13.26% return.
LITP
11.08%
7.69%
-1.01%
-21.58%
N/A
N/A
ALB
13.26%
9.64%
6.77%
-14.01%
4.97%
6.72%
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Risk-Adjusted Performance
LITP vs. ALB — Risk-Adjusted Performance Rank
LITP
ALB
LITP vs. ALB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Lithium Miners ETF (LITP) and Albemarle Corporation (ALB). 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
LITP vs. ALB - Dividend Comparison
LITP's dividend yield for the trailing twelve months is around 5.90%, more than ALB's 1.65% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LITP Sprott Lithium Miners ETF | 5.90% | 6.56% | 2.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ALB Albemarle Corporation | 1.65% | 1.87% | 1.11% | 0.73% | 0.67% | 1.04% | 2.02% | 1.74% | 1.00% | 1.42% | 2.07% | 1.83% |
Drawdowns
LITP vs. ALB - Drawdown Comparison
The maximum LITP drawdown since its inception was -68.78%, smaller than the maximum ALB drawdown of -77.22%. Use the drawdown chart below to compare losses from any high point for LITP and ALB. For additional features, visit the drawdowns tool.
Volatility
LITP vs. ALB - Volatility Comparison
The current volatility for Sprott Lithium Miners ETF (LITP) is 9.83%, while Albemarle Corporation (ALB) has a volatility of 12.56%. This indicates that LITP experiences smaller price fluctuations and is considered to be less risky than ALB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.