PLL vs. LIT
Compare and contrast key facts about Piedmont Lithium Inc. (PLL) and Global X Lithium & Battery Tech ETF (LIT).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PLL or LIT.
Correlation
The correlation between PLL and LIT is 0.30, 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
PLL vs. LIT - Performance Comparison
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Key characteristics
PLL:
-0.69
LIT:
-0.47
PLL:
-0.95
LIT:
-0.59
PLL:
0.90
LIT:
0.94
PLL:
-0.63
LIT:
-0.25
PLL:
-1.35
LIT:
-1.03
PLL:
43.85%
LIT:
16.00%
PLL:
88.95%
LIT:
32.81%
PLL:
-93.46%
LIT:
-65.91%
PLL:
-92.38%
LIT:
-59.43%
Returns By Period
In the year-to-date period, PLL achieves a -28.72% return, which is significantly lower than LIT's -7.14% return.
PLL
-28.72%
-7.98%
-40.50%
-61.28%
-52.47%
-4.51%
N/A
LIT
-7.14%
8.20%
-16.10%
-15.28%
-18.25%
7.92%
5.51%
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Risk-Adjusted Performance
PLL vs. LIT — Risk-Adjusted Performance Rank
PLL
LIT
PLL vs. LIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Piedmont Lithium Inc. (PLL) 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.
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Dividends
PLL vs. LIT - Dividend Comparison
PLL has not paid dividends to shareholders, while LIT's dividend yield for the trailing twelve months is around 1.00%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PLL Piedmont Lithium Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LIT Global X Lithium & Battery Tech ETF | 1.00% | 0.93% | 1.11% | 0.99% | 0.22% | 0.40% | 1.85% | 2.52% | 3.26% | 2.15% | 0.24% | 1.07% |
Drawdowns
PLL vs. LIT - Drawdown Comparison
The maximum PLL drawdown since its inception was -93.46%, which is greater than LIT's maximum drawdown of -65.91%. Use the drawdown chart below to compare losses from any high point for PLL and LIT. For additional features, visit the drawdowns tool.
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Volatility
PLL vs. LIT - Volatility Comparison
Piedmont Lithium Inc. (PLL) has a higher volatility of 26.02% compared to Global X Lithium & Battery Tech ETF (LIT) at 6.19%. This indicates that PLL's price experiences larger fluctuations and is considered to be riskier than LIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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