LITP vs. ILIT
Compare and contrast key facts about Sprott Lithium Miners ETF (LITP) and Ishares Lithium Miners And Producers ETF (ILIT).
LITP and ILIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. ILIT is a passively managed fund by iShares that tracks the performance of the STOXX Global Lithium Miners and Producers Index - USD - Benchmark TR Net. It was launched on Jun 21, 2023. Both LITP and ILIT 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: LITP or ILIT.
Correlation
The correlation between LITP and ILIT is 0.88, 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. ILIT - Performance Comparison
Key characteristics
LITP:
-0.50
ILIT:
-0.76
LITP:
-0.51
ILIT:
-1.03
LITP:
0.94
ILIT:
0.89
LITP:
-0.33
ILIT:
-0.45
LITP:
-0.91
ILIT:
-1.22
LITP:
24.52%
ILIT:
24.43%
LITP:
44.59%
ILIT:
39.19%
LITP:
-68.78%
ILIT:
-66.49%
LITP:
-60.17%
ILIT:
-61.10%
Returns By Period
In the year-to-date period, LITP achieves a 11.08% return, which is significantly higher than ILIT's 7.91% return.
LITP
11.08%
7.69%
-1.01%
-21.58%
N/A
N/A
ILIT
7.91%
6.82%
-5.88%
-28.51%
N/A
N/A
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LITP vs. ILIT - Expense Ratio Comparison
LITP has a 0.65% expense ratio, which is higher than ILIT's 0.47% expense ratio.
Risk-Adjusted Performance
LITP vs. ILIT — Risk-Adjusted Performance Rank
LITP
ILIT
LITP vs. ILIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Lithium Miners ETF (LITP) and Ishares Lithium Miners And Producers ETF (ILIT). 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. ILIT - Dividend Comparison
LITP's dividend yield for the trailing twelve months is around 5.90%, less than ILIT's 6.01% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
LITP Sprott Lithium Miners ETF | 5.90% | 6.56% | 2.79% |
ILIT Ishares Lithium Miners And Producers ETF | 6.01% | 6.49% | 0.69% |
Drawdowns
LITP vs. ILIT - Drawdown Comparison
The maximum LITP drawdown since its inception was -68.78%, roughly equal to the maximum ILIT drawdown of -66.49%. Use the drawdown chart below to compare losses from any high point for LITP and ILIT. For additional features, visit the drawdowns tool.
Volatility
LITP vs. ILIT - Volatility Comparison
Sprott Lithium Miners ETF (LITP) has a higher volatility of 9.83% compared to Ishares Lithium Miners And Producers ETF (ILIT) at 7.97%. This indicates that LITP's price experiences larger fluctuations and is considered to be riskier than ILIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.