LITP vs. XES

Last updated Jun 4, 2026

LITP (Sprott Lithium Miners ETF) and XES (SPDR S&P Oil & Gas Equipment & Services ETF) are both Energy Equities funds - LITP tracks the Nasdaq Sprott Lithium Miners Index - Benchmark TR Gross while XES tracks the S&P Oil & Gas Equipment & Services Select Industry Index. Both are passively managed. Over the past 3 years, LITP returned -0.12%/yr vs 19.81%/yr for XES. At a 0.35 correlation, their price movements are largely independent. LITP charges 0.65%/yr vs 0.35%/yr for XES.

Performance

LITP vs. XES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Lithium Miners ETF (LITP) and SPDR S&P Oil & Gas Equipment & Services ETF (XES). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LITP achieves a 28.96% return, which is significantly lower than XES's 50.69% return.

LITP

• 1D: -4.66%
• 1M: -7.17%
• YTD: 28.96%
• 6M: 41.58%
• 1Y: 218.79%
• 3Y*: -0.12%
• 5Y*: —
• 10Y*: —

XES

• 1D: -0.56%
• 1M: -4.59%
• YTD: 50.69%
• 6M: 43.67%
• 1Y: 97.14%
• 3Y*: 19.81%
• 5Y*: 13.75%
• 10Y*: -2.47%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LITP vs. XES - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LITP Sprott Lithium Miners ETF	28.96%	94.65%	-43.85%	-36.14%
XES SPDR S&P Oil & Gas Equipment & Services ETF	50.69%	5.89%	-5.44%	0.57%

Correlation

The correlation between LITP and XES is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (All Time) Calculated using the full available price history since Feb 3, 2023	0.35

The correlation between LITP and XES shifts across timeframes, from 0.19 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.

LITP vs. XES - Sectors Allocation Comparison

Sectors	LITP	XES
Basic Materials	100.0%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	97.5%
Financial Services	-	-
Healthcare	-	-
Industrials	-	2.5%
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

LITP vs. XES — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LITP

LITP Risk / Return Rank: 87
LITP Sharpe Ratio Rank: 94
LITP Sortino Ratio Rank: 81
LITP Omega Ratio Rank: 74
LITP Calmar Ratio Rank: 94
LITP Martin Ratio Rank: 90

XES

XES Risk / Return Rank: 89
XES Sharpe Ratio Rank: 91
XES Sortino Ratio Rank: 85
XES Omega Ratio Rank: 79
XES Calmar Ratio Rank: 96
XES Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LITP vs. XES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Lithium Miners ETF (LITP) and SPDR S&P Oil & Gas Equipment & Services ETF (XES). 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.

	LITP	XES	Difference
Sharpe ratio: Return per unit of total volatility	3.78	3.23	+0.55
Sortino ratio: Return per unit of downside risk	3.67	3.86	-0.19
Omega ratio: Gain probability vs. loss probability	1.45	1.48	-0.03
Calmar ratio: Return relative to maximum drawdown	7.08	9.93	-2.85
Martin ratio: Return relative to average drawdown	21.48	26.79	-5.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LITP vs. XES - Sharpe Ratio Comparison

The current LITP Sharpe Ratio is 3.78, which is comparable to the XES Sharpe Ratio of 3.23. The chart below compares the historical Sharpe Ratios of LITP and XES, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LITP	XES	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.78	3.23	+0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.35	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	-0.07	+0.01

Drawdowns

LITP vs. XES - Drawdown Comparison

The maximum LITP drawdown since its inception was -74.72%, smaller than the maximum XES drawdown of -95.65%. Use the drawdown chart below to compare losses from any high point for LITP and XES.

Drawdown Indicators

	LITP	XES	Difference
Max Drawdown Largest peak-to-trough decline	-74.72%	-95.65%	+20.93%
Max Drawdown (1Y) Largest decline over 1 year	-31.12%	-9.84%	-21.28%
Max Drawdown (3Y) Largest decline over 3 years	-74.31%	-45.95%	-28.36%
Max Drawdown (5Y) Largest decline over 5 years	—	-45.95%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-91.23%	—
Current Drawdown Current decline from peak	-14.47%	-70.90%	+56.43%
Average Drawdown Average peak-to-trough decline	-42.29%	-54.36%	+12.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.23%	3.64%	+6.59%

Volatility

LITP vs. XES - Volatility Comparison

Sprott Lithium Miners ETF (LITP) has a higher volatility of 13.36% compared to SPDR S&P Oil & Gas Equipment & Services ETF (XES) at 8.22%. This indicates that LITP's price experiences larger fluctuations and is considered to be riskier than XES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LITP	XES	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.36%	8.22%	+5.14%
Volatility (6M) Calculated over the trailing 6-month period	39.69%	20.52%	+19.17%
Volatility (1Y) Calculated over the trailing 1-year period	58.34%	30.50%	+27.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.34%	39.04%	+8.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.34%	45.04%	+2.30%

LITP vs. XES - Expense Ratio Comparison

LITP has a 0.65% expense ratio, which is higher than XES's 0.35% expense ratio.

Dividends

LITP vs. XES - Dividend Comparison

LITP's dividend yield for the trailing twelve months is around 5.74%, more than XES's 1.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LITP Sprott Lithium Miners ETF	5.74%	7.41%	6.55%	2.80%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XES SPDR S&P Oil & Gas Equipment & Services ETF	1.12%	1.69%	1.31%	0.66%	0.36%	1.81%	1.33%	1.43%	1.14%	1.68%	0.64%	2.47%

Frequently Asked Questions

Can I hold both LITP and XES in my portfolio?

LITP and XES have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LITP or XES?

LITP has higher volatility (13.36%) compared to XES (8.22%). In terms of maximum drawdown, LITP dropped -74.72% vs XES's -95.65%.

Which ETF is better, LITP or XES?

On 3-year performance, XES leads with 19.81% vs -0.12% for LITP. On fees, XES is cheaper at 0.35% per year. On volatility, XES has been the lower-risk option at 8.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LITP or XES?

Over the 3-year period, XES has performed better with a 19.81% return vs -0.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LITP or XES?

XES is cheaper with a 0.35% expense ratio, compared with 0.65% for LITP.

Which ETF pays a higher dividend yield, LITP or XES?

LITP has the higher dividend yield at 5.74%, compared with 1.12% for XES.

What is the main difference between LITP and XES?

LITP tracks Nasdaq Sprott Lithium Miners Index - Benchmark TR Gross, while XES tracks S&P Oil & Gas Equipment & Services Select Industry Index. They also come from different issuers: Sprott and State Street. Their fees differ too: 0.65% for LITP and 0.35% for XES.

Which has better risk-adjusted returns?

LITP currently has the higher Sharpe Ratio (3.78 vs 3.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.