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 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
LITP vs. SQM - Performance Comparison
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Key characteristics
LITP:
-1.03
SQM:
-0.70
LITP:
-1.64
SQM:
-0.82
LITP:
0.83
SQM:
0.91
LITP:
-0.61
SQM:
-0.41
LITP:
-1.33
SQM:
-1.31
LITP:
34.37%
SQM:
21.89%
LITP:
44.97%
SQM:
43.42%
LITP:
-74.72%
SQM:
-80.37%
LITP:
-70.05%
SQM:
-67.13%
Returns By Period
In the year-to-date period, LITP achieves a -16.47% return, which is significantly lower than SQM's -5.86% return.
LITP
-16.47%
5.78%
-29.64%
-46.32%
N/A
N/A
N/A
SQM
-5.86%
-1.98%
-12.54%
-30.00%
-26.44%
10.56%
8.53%
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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.
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Dividends
LITP vs. SQM - Dividend Comparison
LITP's dividend yield for the trailing twelve months is around 7.85%, while SQM has not paid dividends to shareholders.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
LITP Sprott Lithium Miners ETF | 7.85% | 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. | 0.00% | 0.39% | 5.41% | 6.26% | 2.55% | 1.08% | 2.96% | 3.76% | 1.95% | 4.09% | 0.07% | 0.16% |
Drawdowns
LITP vs. SQM - Drawdown Comparison
The maximum LITP drawdown since its inception was -74.72%, smaller than the maximum SQM drawdown of -80.37%. Use the drawdown chart below to compare losses from any high point for LITP and SQM. For additional features, visit the drawdowns tool.
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Volatility
LITP vs. SQM - Volatility Comparison
Sprott Lithium Miners ETF (LITP) has a higher volatility of 9.51% compared to Sociedad Química y Minera de Chile S.A. (SQM) at 7.77%. 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.
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