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:
-0.90
SQM:
-0.52
LITP:
-1.36
SQM:
-0.55
LITP:
0.85
SQM:
0.94
LITP:
-0.54
SQM:
-0.33
LITP:
-1.29
SQM:
-1.15
LITP:
31.47%
SQM:
20.04%
LITP:
45.10%
SQM:
44.16%
LITP:
-74.72%
SQM:
-78.66%
LITP:
-71.68%
SQM:
-66.47%
Returns By Period
In the year-to-date period, LITP achieves a -21.03% return, which is significantly lower than SQM's -3.96% return.
LITP
-21.03%
-21.74%
-34.26%
-40.24%
N/A
N/A
SQM
-3.96%
-23.08%
-10.69%
-23.55%
12.62%
9.16%
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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 8.30%, more than SQM's 0.40% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LITP Sprott Lithium Miners ETF | 8.30% | 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. | 0.40% | 0.39% | 5.41% | 6.26% | 2.54% | 1.09% | 2.98% | 3.79% | 1.97% | 4.12% | 0.20% | 0.48% |
Drawdowns
LITP vs. SQM - Drawdown Comparison
The maximum LITP drawdown since its inception was -74.72%, smaller than the maximum SQM drawdown of -78.66%. 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 17.34%, while Sociedad Química y Minera de Chile S.A. (SQM) has a volatility of 19.87%. 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.