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ETFs

Global X Lithium & Battery Tech ETF

LIT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 22 2010
Expense Ratio
0.75%
Type
Global Equities
Fund Owner
Global X
Volume (1m avg. daily)
$19,196,105
AUM
$2,598,308,907
Associated Index
Solactive Global Lithium Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

ALB
Albemarle Corp.
8.22%
TSLA
Tesla Inc
7.22%
6752
Panasonic Holdings Corporation
6.83%
RIVN
Rivian Automotive Inc - Ordinary Shares - Class A
6.07%
1211
BYD Co - Ordinary Shares - Class H
5.99%
6762
TDK Corporation
5.87%
300750
Contemporary Amperex Technology Co. Limited - Ordinary Shares - Class A
4.90%
006400
Samsung SDI Co. Ltd.
3.71%
373220
LG Energy Solution Ltd.
3.45%
SQM
Sociedad Quimica Y Minera de Chile S.A. - ADR
3.39%
Invest with LIT

What is LIT?

The Global X Lithium & Battery Tech ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Lithium Index. The Global X Lithium & Battery Tech ETF (LIT) invests in the full lithium cycle, from mining and refining the metal, through battery production.

ETFs related toLIT

ETFs correlated to LIT include REMX, IDRV, DRIV

LIT
Global X Funds - Global X Lithium & Battery Tech ETF
REMX
VanEck ETF Trust - VanEck Rare Earth/Strategic Metals ETF
IDRV
iShares Trust - iShares Self-Driving EV and Tech ETF
DRIV
Global X Funds - Global X Autonomous & Electric Vehicles ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
FRDM
EA Series Trust - Alpha Architect Freedom 100 Emerging Markets ETF
ERTH
Invesco Capital Management LLC - Invesco MSCI Sustainable Future ETF
DFAX
Dimensional ETF Trust - Dimensional World ex U.S. Core Equity 2 ETF
VSS
Vanguard Group, Inc. - Vanguard FTSE All-World Ex-US Small Capital Index Fund ETF
CWI
SSgA Active Trust - SPDR MSCI ACWI ex-US ETF
IEMG
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Emerging Markets ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

LIT is a Global Equities ETF. The Global X Lithium & Battery Tech ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Lithium Index. The Global X Lithium & Battery Tech ETF (LIT) invests in the full lithium cycle, from mining and refining the metal, through battery production.

LIT tracks the Solactive Global Lithium Index.

No, LIT is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, LIT is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on LIT is -0.0417%. This is the percent change in the value of LIT over the most recent 1-month period. The 3-month return on LIT is -0.1241%. This is the percent change in the value of LIT over the most recent 3-month period.

The standard deviation of LIT for the past year is 0.2732%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to LIT include PBW, IGF, and ARKK.

ETFs correlated to LIT include REMX, IDRV, and DRIV.

ETFs that are inversely correlated to LIT include EDZ, HIBS, and EFZ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.