LAC vs. RGI
Compare and contrast key facts about Lithium Americas Corp. (LAC) and Invesco S&P 500® Equal Weight Industrials ETF (RGI).
RGI is a passively managed fund by Invesco that tracks the performance of the S&P Equal Weight Index Industrials. It was launched on Nov 1, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LAC or RGI.
Key characteristics
| LAC | RGI | |
|---|---|---|
| YTD Return | -39.53% | 25.53% |
| 1Y Return | -48.67% | 37.21% |
| Sharpe Ratio | -0.58 | 2.69 |
| Sortino Ratio | -0.55 | 3.77 |
| Omega Ratio | 0.94 | 1.47 |
| Calmar Ratio | -0.59 | 0.74 |
| Martin Ratio | -1.00 | 15.96 |
| Ulcer Index | 48.15% | 2.34% |
| Daily Std Dev | 82.44% | 13.89% |
| Max Drawdown | -81.83% | -82.66% |
| Current Drawdown | -66.98% | -32.02% |
Correlation
The correlation between LAC and RGI 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
LAC vs. RGI - Performance Comparison
In the year-to-date period, LAC achieves a -39.53% return, which is significantly lower than RGI's 25.53% 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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Risk-Adjusted Performance
LAC vs. RGI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lithium Americas Corp. (LAC) and Invesco S&P 500® Equal Weight Industrials ETF (RGI). 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
LAC vs. RGI - Dividend Comparison
LAC has not paid dividends to shareholders, while RGI's dividend yield for the trailing twelve months is around 0.87%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LAC Lithium Americas Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RGI Invesco S&P 500® Equal Weight Industrials ETF | 0.87% | 1.06% | 1.09% | 0.70% | 0.96% | 1.33% | 0.30% | 0.00% | 0.00% | 0.00% | 1.28% | 0.90% |
Drawdowns
LAC vs. RGI - Drawdown Comparison
The maximum LAC drawdown since its inception was -81.83%, roughly equal to the maximum RGI drawdown of -82.66%. Use the drawdown chart below to compare losses from any high point for LAC and RGI. For additional features, visit the drawdowns tool.
Volatility
LAC vs. RGI - Volatility Comparison
Lithium Americas Corp. (LAC) has a higher volatility of 28.69% compared to Invesco S&P 500® Equal Weight Industrials ETF (RGI) at 5.18%. This indicates that LAC's price experiences larger fluctuations and is considered to be riskier than RGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.