LITP vs. SQM
Compare and contrast key facts about Sprott Lithium Miners ETF (LITP) and Sociedad Química y Minera de Chile S.A. (SQM).
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 SQM.
Correlation
The correlation between LITP and SQM is 0.75, 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. SQM - Performance Comparison
Key characteristics
LITP:
-0.55
SQM:
-0.13
LITP:
-0.62
SQM:
0.12
LITP:
0.93
SQM:
1.01
LITP:
-0.35
SQM:
-0.09
LITP:
-0.92
SQM:
-0.27
LITP:
26.45%
SQM:
20.67%
LITP:
43.91%
SQM:
43.58%
LITP:
-68.78%
SQM:
-77.79%
LITP:
-65.06%
SQM:
-60.81%
Returns By Period
In the year-to-date period, LITP achieves a -2.54% return, which is significantly lower than SQM's 6.77% return.
LITP
-2.54%
-12.26%
-8.06%
-25.05%
N/A
N/A
SQM
6.77%
-3.34%
0.96%
-8.05%
9.19%
8.84%
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Risk-Adjusted Performance
LITP vs. SQM — Risk-Adjusted Performance Rank
LITP
SQM
LITP vs. SQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Lithium Miners ETF (LITP) and Sociedad Química y Minera de Chile S.A. (SQM). 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. SQM - Dividend Comparison
LITP's dividend yield for the trailing twelve months is around 6.73%, more than SQM's 0.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LITP Sprott Lithium Miners ETF | 6.73% | 6.56% | 2.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SQM Sociedad Química y Minera de Chile S.A. | 0.55% | 0.59% | 8.51% | 9.79% | 3.90% | 1.65% | 4.59% | 5.41% | 2.39% | 5.31% | 2.41% | 5.83% |
Drawdowns
LITP vs. SQM - Drawdown Comparison
The maximum LITP drawdown since its inception was -68.78%, smaller than the maximum SQM drawdown of -77.79%. Use the drawdown chart below to compare losses from any high point for LITP and SQM. For additional features, visit the drawdowns tool.
Volatility
LITP vs. SQM - Volatility Comparison
The current volatility for Sprott Lithium Miners ETF (LITP) is 9.77%, while Sociedad Química y Minera de Chile S.A. (SQM) has a volatility of 13.12%. This indicates that LITP experiences smaller price fluctuations and is considered to be less risky than SQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.