MTUM vs. LIT
Compare and contrast key facts about iShares Edge MSCI USA Momentum Factor ETF (MTUM) and Global X Lithium & Battery Tech ETF (LIT).
MTUM and LIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MTUM is a passively managed fund by iShares that tracks the performance of the MSCI USA Momentum Index. It was launched on Apr 16, 2013. LIT is a passively managed fund by Global X that tracks the performance of the Solactive Global Lithium Index. It was launched on Jul 22, 2010. Both MTUM and LIT 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: MTUM or LIT.
Key characteristics
| MTUM | LIT | |
|---|---|---|
| YTD Return | 13.05% | -10.42% |
| 1Y Return | 28.52% | -22.00% |
| 3Y Return (Ann) | 2.52% | -9.48% |
| 5Y Return (Ann) | 10.49% | 11.11% |
| 10Y Return (Ann) | 12.79% | 7.18% |
| Sharpe Ratio | 1.78 | -0.80 |
| Daily Std Dev | 15.49% | 27.38% |
| Max Drawdown | -34.08% | -61.91% |
| Current Drawdown | -6.26% | -51.57% |
Correlation
The correlation between MTUM and LIT is 0.55, 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
MTUM vs. LIT - Performance Comparison
In the year-to-date period, MTUM achieves a 13.05% return, which is significantly higher than LIT's -10.42% return. Over the past 10 years, MTUM has outperformed LIT with an annualized return of 12.79%, while LIT has yielded a comparatively lower 7.18% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MTUM vs. LIT - Expense Ratio Comparison
MTUM has a 0.15% expense ratio, which is lower than LIT's 0.75% expense ratio.
Risk-Adjusted Performance
MTUM vs. LIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Momentum Factor ETF (MTUM) and Global X Lithium & Battery Tech ETF (LIT). 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
MTUM vs. LIT - Dividend Comparison
MTUM's dividend yield for the trailing twelve months is around 0.83%, less than LIT's 1.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTUM iShares Edge MSCI USA Momentum Factor ETF | 0.83% | 1.35% | 1.80% | 0.55% | 0.83% | 1.48% | 1.27% | 1.02% | 1.43% | 1.12% | 1.04% | 1.02% |
LIT Global X Lithium & Battery Tech ETF | 1.24% | 1.11% | 0.99% | 0.22% | 0.40% | 1.85% | 2.52% | 3.26% | 2.15% | 0.24% | 1.07% | 0.32% |
Drawdowns
MTUM vs. LIT - Drawdown Comparison
The maximum MTUM drawdown since its inception was -34.08%, smaller than the maximum LIT drawdown of -61.91%. Use the drawdown chart below to compare losses from any high point for MTUM and LIT. For additional features, visit the drawdowns tool.
Volatility
MTUM vs. LIT - Volatility Comparison
The current volatility for iShares Edge MSCI USA Momentum Factor ETF (MTUM) is 6.00%, while Global X Lithium & Battery Tech ETF (LIT) has a volatility of 9.77%. This indicates that MTUM experiences smaller price fluctuations and is considered to be less risky than LIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.