REMX vs. LIT
Compare and contrast key facts about VanEck Vectors Rare Earth/Strategic Metals ETF (REMX) and Global X Lithium & Battery Tech ETF (LIT).
REMX and LIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. REMX is a passively managed fund by VanEck that tracks the performance of the MVIS Global Rare Earth/Strategic Metals Index. It was launched on Oct 27, 2010. 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 REMX 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: REMX or LIT.
Key characteristics
| REMX | LIT | |
|---|---|---|
| YTD Return | -11.03% | -11.41% |
| 1Y Return | -35.03% | -25.61% |
| 3Y Return (Ann) | -9.25% | -8.72% |
| 5Y Return (Ann) | 8.03% | 12.46% |
| 10Y Return (Ann) | -3.19% | 7.27% |
| Sharpe Ratio | -1.09 | -0.96 |
| Daily Std Dev | 32.38% | 27.54% |
| Max Drawdown | -90.21% | -61.91% |
| Current Drawdown | -75.99% | -52.11% |
Correlation
The correlation between REMX and LIT is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
REMX vs. LIT - Performance Comparison
The year-to-date returns for both stocks are quite close, with REMX having a -11.03% return and LIT slightly lower at -11.41%. Over the past 10 years, REMX has underperformed LIT with an annualized return of -3.19%, while LIT has yielded a comparatively higher 7.27% 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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REMX vs. LIT - Expense Ratio Comparison
REMX has a 0.59% expense ratio, which is lower than LIT's 0.75% expense ratio.
Risk-Adjusted Performance
REMX vs. LIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Rare Earth/Strategic Metals ETF (REMX) 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
REMX vs. LIT - Dividend Comparison
REMX has not paid dividends to shareholders, while LIT's dividend yield for the trailing twelve months is around 1.25%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REMX VanEck Vectors Rare Earth/Strategic Metals ETF | 0.00% | 0.00% | 1.56% | 5.25% | 0.81% | 1.60% | 12.43% | 2.89% | 2.23% | 4.77% | 1.53% | 0.23% |
LIT Global X Lithium & Battery Tech ETF | 1.25% | 1.11% | 0.99% | 0.22% | 0.40% | 1.85% | 2.52% | 3.26% | 2.15% | 0.24% | 1.07% | 0.32% |
Drawdowns
REMX vs. LIT - Drawdown Comparison
The maximum REMX drawdown since its inception was -90.21%, which is greater than LIT's maximum drawdown of -61.91%. Use the drawdown chart below to compare losses from any high point for REMX and LIT. For additional features, visit the drawdowns tool.
Volatility
REMX vs. LIT - Volatility Comparison
The current volatility for VanEck Vectors Rare Earth/Strategic Metals ETF (REMX) is 8.34%, while Global X Lithium & Battery Tech ETF (LIT) has a volatility of 8.87%. This indicates that REMX 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.