YOLO vs. LIT
Compare and contrast key facts about AdvisorShares Pure Cannabis ETF (YOLO) and Global X Lithium & Battery Tech ETF (LIT).
YOLO and LIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YOLO is an actively managed fund by AdvisorShares. It was launched on Apr 17, 2019. 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: YOLO or LIT.
Performance
YOLO vs. LIT - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with YOLO having a -11.02% return and LIT slightly higher at -10.55%.
YOLO
-11.02%
-20.49%
-31.96%
-7.72%
-25.06%
N/A
LIT
-10.55%
6.84%
1.68%
-7.18%
13.64%
7.94%
Key characteristics
| YOLO | LIT | |
|---|---|---|
| Sharpe Ratio | -0.13 | -0.25 |
| Sortino Ratio | 0.18 | -0.15 |
| Omega Ratio | 1.02 | 0.98 |
| Calmar Ratio | -0.07 | -0.13 |
| Martin Ratio | -0.32 | -0.46 |
| Ulcer Index | 19.99% | 18.12% |
| Daily Std Dev | 51.45% | 32.79% |
| Max Drawdown | -91.56% | -62.61% |
| Current Drawdown | -90.71% | -51.65% |
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YOLO vs. LIT - Expense Ratio Comparison
Both YOLO and LIT have an expense ratio of 0.75%.
Correlation
The correlation between YOLO and LIT is 0.43, 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.
Risk-Adjusted Performance
YOLO vs. LIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Pure Cannabis ETF (YOLO) 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
YOLO vs. LIT - Dividend Comparison
YOLO's dividend yield for the trailing twelve months is around 3.63%, more than LIT's 1.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
YOLO AdvisorShares Pure Cannabis ETF | 3.63% | 1.18% | 0.56% | 3.93% | 2.03% | 4.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LIT Global X Lithium & Battery Tech ETF | 1.34% | 1.11% | 0.99% | 0.22% | 0.40% | 1.85% | 2.52% | 3.26% | 2.15% | 0.24% | 1.07% | 0.32% |
Drawdowns
YOLO vs. LIT - Drawdown Comparison
The maximum YOLO drawdown since its inception was -91.56%, which is greater than LIT's maximum drawdown of -62.61%. Use the drawdown chart below to compare losses from any high point for YOLO and LIT. For additional features, visit the drawdowns tool.
Volatility
YOLO vs. LIT - Volatility Comparison
AdvisorShares Pure Cannabis ETF (YOLO) has a higher volatility of 22.45% compared to Global X Lithium & Battery Tech ETF (LIT) at 10.59%. This indicates that YOLO'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.