LITP vs. XME
Compare and contrast key facts about Sprott Lithium Miners ETF (LITP) and SPDR S&P Metals & Mining ETF (XME).
LITP and XME are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. XME is a passively managed fund by State Street that tracks the performance of the S&P Metals & Mining Select Industry Index. It was launched on Jun 19, 2006. Both LITP and XME are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LITP or XME.
Correlation
The correlation between LITP and XME is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
LITP vs. XME - Performance Comparison
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Key characteristics
LITP:
-1.03
XME:
-0.25
LITP:
-1.64
XME:
-0.00
LITP:
0.83
XME:
1.00
LITP:
-0.61
XME:
-0.13
LITP:
-1.33
XME:
-0.36
LITP:
34.37%
XME:
12.77%
LITP:
44.97%
XME:
30.43%
LITP:
-74.72%
XME:
-85.94%
LITP:
-70.05%
XME:
-20.52%
Returns By Period
In the year-to-date period, LITP achieves a -16.47% return, which is significantly lower than XME's 5.18% return.
LITP
-16.47%
5.78%
-29.64%
-46.32%
N/A
N/A
N/A
XME
5.18%
8.93%
-10.79%
-7.64%
6.89%
25.30%
9.48%
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LITP vs. XME - Expense Ratio Comparison
LITP has a 0.65% expense ratio, which is higher than XME's 0.35% expense ratio.
Risk-Adjusted Performance
LITP vs. XME — Risk-Adjusted Performance Rank
LITP
XME
LITP vs. XME - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Lithium Miners ETF (LITP) and SPDR S&P Metals & Mining ETF (XME). 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. XME - Dividend Comparison
LITP's dividend yield for the trailing twelve months is around 7.85%, more than XME's 0.56% yield.
| 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% |
XME SPDR S&P Metals & Mining ETF | 0.56% | 0.65% | 1.00% | 1.64% | 0.70% | 0.99% | 2.43% | 2.23% | 1.15% | 1.02% | 2.61% | 2.21% |
Drawdowns
LITP vs. XME - Drawdown Comparison
The maximum LITP drawdown since its inception was -74.72%, smaller than the maximum XME drawdown of -85.94%. Use the drawdown chart below to compare losses from any high point for LITP and XME. For additional features, visit the drawdowns tool.
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Volatility
LITP vs. XME - Volatility Comparison
Sprott Lithium Miners ETF (LITP) has a higher volatility of 9.51% compared to SPDR S&P Metals & Mining ETF (XME) at 5.25%. This indicates that LITP's price experiences larger fluctuations and is considered to be riskier than XME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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