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 0.76, 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:
-0.65
SQM:
-0.39
LITP:
-0.80
SQM:
-0.30
LITP:
0.91
SQM:
0.97
LITP:
-0.42
SQM:
-0.26
LITP:
-1.19
SQM:
-0.85
LITP:
24.51%
SQM:
19.84%
LITP:
44.77%
SQM:
43.63%
LITP:
-68.78%
SQM:
-77.80%
LITP:
-60.76%
SQM:
-59.35%
Returns By Period
In the year-to-date period, LITP achieves a 9.43% return, which is significantly lower than SQM's 10.75% return.
LITP
9.43%
3.25%
-4.17%
-25.90%
N/A
N/A
SQM
10.75%
7.44%
-1.64%
-17.94%
10.82%
10.48%
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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 5.99%, more than SQM's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LITP Sprott Lithium Miners ETF | 5.99% | 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. | 0.53% | 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 -77.80%. 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
Sprott Lithium Miners ETF (LITP) has a higher volatility of 9.75% compared to Sociedad Química y Minera de Chile S.A. (SQM) at 8.80%. This indicates that LITP's price experiences larger fluctuations and is considered to be riskier than SQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.