PICK vs. LIT
Compare and contrast key facts about iShares MSCI Global Select Metals & Mining Producers ETF (PICK) and Global X Lithium & Battery Tech ETF (LIT).
PICK and LIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PICK is a passively managed fund by iShares that tracks the performance of the MSCI ACWI Select Metals & Mining Producers Ex Gold & Silver Investable Market Index. It was launched on Jan 31, 2012. 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 PICK 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: PICK or LIT.
Key characteristics
| PICK | LIT | |
|---|---|---|
| YTD Return | 1.81% | -11.82% |
| 1Y Return | 10.99% | -24.64% |
| 3Y Return (Ann) | 4.16% | -10.31% |
| 5Y Return (Ann) | 13.20% | 11.61% |
| 10Y Return (Ann) | 5.84% | 7.02% |
| Sharpe Ratio | 0.52 | -0.92 |
| Daily Std Dev | 21.79% | 27.11% |
| Max Drawdown | -68.88% | -61.91% |
| Current Drawdown | -7.43% | -52.33% |
Correlation
The correlation between PICK and LIT is 0.61, 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
PICK vs. LIT - Performance Comparison
In the year-to-date period, PICK achieves a 1.81% return, which is significantly higher than LIT's -11.82% return. Over the past 10 years, PICK has underperformed LIT with an annualized return of 5.84%, while LIT has yielded a comparatively higher 7.02% 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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PICK vs. LIT - Expense Ratio Comparison
PICK has a 0.39% expense ratio, which is lower than LIT's 0.75% expense ratio.
Risk-Adjusted Performance
PICK vs. LIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Select Metals & Mining Producers ETF (PICK) 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
PICK vs. LIT - Dividend Comparison
PICK's dividend yield for the trailing twelve months is around 4.12%, more than LIT's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PICK iShares MSCI Global Select Metals & Mining Producers ETF | 4.12% | 4.19% | 6.93% | 5.89% | 2.27% | 5.50% | 4.76% | 2.41% | 1.15% | 15.73% | 2.88% | 3.38% |
LIT Global X Lithium & Battery Tech ETF | 1.26% | 1.11% | 0.99% | 0.22% | 0.40% | 1.85% | 2.52% | 3.26% | 2.15% | 0.24% | 1.07% | 0.32% |
Drawdowns
PICK vs. LIT - Drawdown Comparison
The maximum PICK drawdown since its inception was -68.88%, which is greater than LIT's maximum drawdown of -61.91%. Use the drawdown chart below to compare losses from any high point for PICK and LIT. For additional features, visit the drawdowns tool.
Volatility
PICK vs. LIT - Volatility Comparison
The current volatility for iShares MSCI Global Select Metals & Mining Producers ETF (PICK) is 4.60%, while Global X Lithium & Battery Tech ETF (LIT) has a volatility of 8.80%. This indicates that PICK 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.