SPXN vs. LIT

Last updated Aug 2, 2026

SPXN (ProShares S&P 500 Ex-Financials ETF) and LIT (Global X Lithium & Battery Tech ETF) are both exchange-traded funds - SPXN is a S&P 500 fund tracking the S&P 500 Ex-Financials and Real Estate Index, while LIT is a Lithium & Battery Metals fund tracking the Solactive Global Lithium Index. Both are passively managed. Over the past 10 years, SPXN returned 15.36%/yr vs 12.66%/yr for LIT. Their 0.48 correlation means their historical movements had little consistent relationship. SPXN charges 0.09%/yr vs 0.75%/yr for LIT.

Performance

SPXN vs. LIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P 500 Ex-Financials ETF (SPXN) and Global X Lithium & Battery Tech ETF (LIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPXN achieves a 10.87% return, which is significantly higher than LIT's 7.18% return. Over the past 10 years, SPXN has outperformed LIT with an annualized return of 15.36%, while LIT has yielded a comparatively lower 12.66% annualized return.

SPXN

• 1D: 1.03%
• 1M: 0.11%
• 6M: 8.86%
• YTD: 10.87%
• 1Y: 23.16%
• 3Y*: 19.63%
• 5Y*: 13.24%
• 10Y*: 15.36%
• ALL TIME*: 15.61%

LIT

• 1D: -0.85%
• 1M: -9.55%
• 6M: -0.62%
• YTD: 7.18%
• 1Y: 70.85%
• 3Y*: 2.87%
• 5Y*: -2.82%
• 10Y*: 12.66%
• ALL TIME*: 6.36%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LIT Global X Lithium & Battery Tech ETF	$15.35M	$16.35M	$33.70M
SPXN ProShares S&P 500 Ex-Financials ETF	$140.29K	$126.21K	$146.15K

SPXN vs. LIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPXN ProShares S&P 500 Ex-Financials ETF	10.87%	18.74%	24.35%	28.57%	-18.87%	27.04%	22.15%	31.50%	-3.85%	20.84%
LIT Global X Lithium & Battery Tech ETF	7.18%	60.05%	-19.19%	-12.18%	-29.91%	36.74%	127.88%	3.27%	-28.63%	64.19%

Correlation

The correlation between SPXN and LIT is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.52
Correlation (3Y) Balances recent behavior with more history.	0.48
Correlation (5Y) Shows whether the relationship held over a longer period.	0.55
Correlation (10Y) Provides a long-term view across more market conditions.	0.50
Correlation (All Time) Calculated using the full available price history since Sep 24, 2015	0.48

The correlation between SPXN and LIT has been stable across timeframes, ranging from 0.48 to 0.55 - a consistent structural relationship.

SPXN vs. LIT - Sectors Allocation Comparison

Sectors	SPXN	LIT
Technology	44.4%	20.0%
Communication Services	11.4%	-
Consumer Cyclical	11.0%	9.2%
Healthcare	10.3%	-
Industrials	9.8%	22.9%
Consumer Defensive	5.2%	-
Energy	3.5%	-
Utilities	2.5%	-
Basic Materials	1.9%	47.9%
Financial Services	-	-
Real Estate	-	-

Return for Risk

SPXN vs. LIT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SPXN

SPXN Risk / Return Rank: 67
SPXN Sharpe Ratio Rank: 67
SPXN Sortino Ratio Rank: 64
SPXN Omega Ratio Rank: 64
SPXN Calmar Ratio Rank: 67
SPXN Martin Ratio Rank: 72

LIT

LIT Risk / Return Rank: 78
LIT Sharpe Ratio Rank: 87
LIT Sortino Ratio Rank: 81
LIT Omega Ratio Rank: 79
LIT Calmar Ratio Rank: 75
LIT Martin Ratio Rank: 69

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SPXN vs. LIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Ex-Financials ETF (SPXN) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SPXN	LIT	Difference
Sharpe ratio: Return per unit of total volatility	1.54	2.05	-0.51
Sortino ratio: Return per unit of downside risk	2.12	2.61	-0.49
Omega ratio: Gain probability vs. loss probability	1.27	1.33	-0.06
Calmar ratio: Return relative to maximum drawdown	2.31	2.62	-0.31
Martin ratio: Return relative to average drawdown	8.92	8.37	+0.55

SPXN vs. LIT - Sharpe Ratio Comparison

The current SPXN Sharpe Ratio is 1.54, which is comparable to the LIT Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of SPXN and LIT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPXN vs. LIT - Drawdown Comparison

The maximum SPXN drawdown since its inception was -32.10%, smaller than the maximum LIT drawdown of -65.91%. Use the drawdown chart below to compare losses from any high point for SPXN and LIT.

Drawdown Indicators

	SPXN	LIT	Difference
Max Drawdown Largest peak-to-trough decline	-32.10%	-65.91%	+33.81%
Max Drawdown (1Y) Largest decline over 1 year	-9.26%	-26.84%	+17.58%
Max Drawdown (3Y) Largest decline over 3 years	-19.56%	-49.14%	+29.58%
Max Drawdown (5Y) Largest decline over 5 years	-24.47%	-65.91%	+41.44%
Max Drawdown (10Y) Largest decline over 10 years	-32.10%	-65.91%	+33.81%
Current Drawdown Current decline from peak	-2.96%	-25.06%	+22.10%
Average Drawdown Average peak-to-trough decline	-3.99%	-33.48%	+29.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.40%	8.40%	-6.00%

Volatility

SPXN vs. LIT - Volatility Comparison

The current volatility for ProShares S&P 500 Ex-Financials ETF (SPXN) is 3.93%, while Global X Lithium & Battery Tech ETF (LIT) has a volatility of 9.34%. This indicates that SPXN 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.

Volatility by Period

	SPXN	LIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.93%	9.34%	-5.41%
Volatility (6M) Calculated over the trailing 6-month period	11.05%	25.15%	-14.10%
Volatility (1Y) Calculated over the trailing 1-year period	13.95%	34.47%	-20.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.33%	31.93%	-14.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.69%	30.80%	-13.11%

SPXN vs. LIT - Expense Ratio Comparison

SPXN has a 0.09% expense ratio, which is lower than LIT's 0.75% expense ratio.

Dividends

SPXN vs. LIT - Dividend Comparison

SPXN's dividend yield for the trailing twelve months is around 0.91%, more than LIT's 0.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LIT Global X Lithium & Battery Tech ETF	0.73%	0.49%	0.93%	1.11%	0.99%	0.22%	0.40%	1.85%	2.52%	3.26%	2.15%	0.24%
SPXN ProShares S&P 500 Ex-Financials ETF	0.91%	0.98%	1.12%	1.19%	1.35%	0.94%	1.09%	1.41%	1.76%	1.54%	2.60%	0.52%

Frequently Asked Questions

Can I hold both SPXN and LIT in my portfolio?

SPXN and LIT have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPXN or LIT?

LIT has higher volatility (9.34%) compared to SPXN (3.93%). In terms of maximum drawdown, SPXN dropped -32.10% vs LIT's -65.91%.

Which ETF is better, SPXN or LIT?

On 10-year performance, SPXN leads with 15.36% vs 12.66% for LIT. On fees, SPXN is cheaper at 0.09% per year. On volatility, SPXN has been the lower-risk option at 3.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPXN or LIT?

Over the 10-year period, SPXN has performed better with a 15.36% return vs 12.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPXN or LIT?

SPXN is cheaper with a 0.09% expense ratio, compared with 0.75% for LIT.

Which ETF pays a higher dividend yield, SPXN or LIT?

SPXN has the higher dividend yield at 0.91%, compared with 0.73% for LIT.

What is the main difference between SPXN and LIT?

SPXN is categorized as S&P 500, while LIT is Lithium & Battery Metals. SPXN tracks S&P 500 Ex-Financials and Real Estate Index, while LIT tracks Solactive Global Lithium Index. They also come from different issuers: ProShares and Global X. Their fees differ too: 0.09% for SPXN and 0.75% for LIT.

Which has better risk-adjusted returns?

LIT currently has the higher Sharpe Ratio (2.05 vs 1.54), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.