LITP vs. CVSB

Last updated Jun 24, 2026

LITP (Sprott Lithium Miners ETF) and CVSB (Calvert Ultra-Short Investment Grade ETF) are both exchange-traded funds - LITP is a Lithium & Battery Metals fund tracking the Nasdaq Sprott Lithium Miners Index - Benchmark TR Gross, while CVSB is a Ultrashort Bond fund actively managed by Calvert. LITP is passively managed, while CVSB is actively managed. Over the past 3 years, LITP returned -5.46%/yr vs 5.48%/yr for CVSB. At a correlation of -0.01, they often move in opposite directions. LITP charges 0.65%/yr vs 0.24%/yr for CVSB.

Performance

LITP vs. CVSB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Lithium Miners ETF (LITP) and Calvert Ultra-Short Investment Grade ETF (CVSB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LITP achieves a 9.54% return, which is significantly higher than CVSB's 1.62% return.

LITP

• 1D: -3.44%
• 1M: -15.71%
• YTD: 9.54%
• 6M: 4.35%
• 1Y: 167.73%
• 3Y*: -5.46%
• 5Y*: —
• 10Y*: —

CVSB

• 1D: 0.00%
• 1M: 0.28%
• YTD: 1.62%
• 6M: 1.91%
• 1Y: 4.31%
• 3Y*: 5.48%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LITP vs. CVSB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LITP Sprott Lithium Miners ETF	9.54%	94.65%	-43.85%	-36.71%
CVSB Calvert Ultra-Short Investment Grade ETF	1.62%	4.92%	6.23%	5.40%

Correlation

The correlation between LITP and CVSB is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (All Time) Calculated using the full available price history since Feb 2, 2023	-0.01

Return for Risk

LITP vs. CVSB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LITP

LITP Risk / Return Rank: 79
LITP Sharpe Ratio Rank: 89
LITP Sortino Ratio Rank: 72
LITP Omega Ratio Rank: 65
LITP Calmar Ratio Rank: 91
LITP Martin Ratio Rank: 80

CVSB

CVSB Risk / Return Rank: 98
CVSB Sharpe Ratio Rank: 98
CVSB Sortino Ratio Rank: 98
CVSB Omega Ratio Rank: 98
CVSB Calmar Ratio Rank: 99
CVSB Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LITP vs. CVSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Lithium Miners ETF (LITP) and Calvert Ultra-Short Investment Grade ETF (CVSB). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	LITP	CVSB	Difference
Sharpe ratio: Return per unit of total volatility	2.80	5.20	-2.40
Sortino ratio: Return per unit of downside risk	3.06	8.96	-5.90
Omega ratio: Gain probability vs. loss probability	1.37	2.42	-1.05
Calmar ratio: Return relative to maximum drawdown	5.42	19.12	-13.70
Martin ratio: Return relative to average drawdown	14.80	79.40	-64.61

LITP vs. CVSB - Sharpe Ratio Comparison

The current LITP Sharpe Ratio is 2.80, which is lower than the CVSB Sharpe Ratio of 5.20. The chart below compares the historical Sharpe Ratios of LITP and CVSB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LITP vs. CVSB - Drawdown Comparison

The maximum LITP drawdown since its inception was -74.94%, which is greater than CVSB's maximum drawdown of -0.63%. Use the drawdown chart below to compare losses from any high point for LITP and CVSB.

Drawdown Indicators

	LITP	CVSB	Difference
Max Drawdown Largest peak-to-trough decline	-74.94%	-0.63%	-74.31%
Max Drawdown (1Y) Largest decline over 1 year	-31.12%	-0.23%	-30.89%
Max Drawdown (3Y) Largest decline over 3 years	-74.31%	-0.63%	-73.68%
Current Drawdown Current decline from peak	-27.35%	-0.00%	-27.35%
Average Drawdown Average peak-to-trough decline	-42.41%	-0.05%	-42.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.39%	0.05%	+11.34%

Volatility

LITP vs. CVSB - Volatility Comparison

Sprott Lithium Miners ETF (LITP) has a higher volatility of 17.50% compared to Calvert Ultra-Short Investment Grade ETF (CVSB) at 0.18%. This indicates that LITP's price experiences larger fluctuations and is considered to be riskier than CVSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LITP	CVSB	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.50%	0.18%	+17.32%
Volatility (6M) Calculated over the trailing 6-month period	42.23%	0.53%	+41.70%
Volatility (1Y) Calculated over the trailing 1-year period	60.23%	0.83%	+59.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.79%	1.31%	+46.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.79%	1.31%	+46.48%

LITP vs. CVSB - Expense Ratio Comparison

LITP has a 0.65% expense ratio, which is higher than CVSB's 0.24% expense ratio.

Dividends

LITP vs. CVSB - Dividend Comparison

LITP's dividend yield for the trailing twelve months is around 6.76%, more than CVSB's 4.37% yield.

Position	TTM	2025	2024	2023
CVSB Calvert Ultra-Short Investment Grade ETF	4.37%	4.72%	5.13%	4.95%
LITP Sprott Lithium Miners ETF	6.76%	7.41%	6.55%	2.80%

Frequently Asked Questions

Can I hold both LITP and CVSB in my portfolio?

LITP and CVSB have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LITP or CVSB?

LITP has higher volatility (17.50%) compared to CVSB (0.18%). In terms of maximum drawdown, LITP dropped -74.94% vs CVSB's -0.63%.

Which ETF is better, LITP or CVSB?

On 3-year performance, CVSB leads with 5.48% vs -5.46% for LITP. On fees, CVSB is cheaper at 0.24% per year. On volatility, CVSB has been the lower-risk option at 0.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LITP or CVSB?

Over the 3-year period, CVSB has performed better with a 5.48% return vs -5.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LITP or CVSB?

CVSB is cheaper with a 0.24% expense ratio, compared with 0.65% for LITP.

Which ETF pays a higher dividend yield, LITP or CVSB?

LITP has the higher dividend yield at 6.76%, compared with 4.37% for CVSB.

What is the main difference between LITP and CVSB?

LITP is categorized as Lithium & Battery Metals, while CVSB is Ultrashort Bond. They also come from different issuers: Sprott and Calvert. Their fees differ too: 0.65% for LITP and 0.24% for CVSB.

Which has better risk-adjusted returns?

CVSB currently has the higher Sharpe Ratio (5.20 vs 2.80), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.