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ETFs

Sprott Funds Trust Sprott Lithium Miners ETF

LITP
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 01 2023
Expense Ratio
0.65%
Type
Global Equities
Fund Owner
Sprott Asset Management
Volume (1m avg. daily)
$87,789
AUM
$4,819,437
Associated Index
Nasdaq Sprott Lithium Miners Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

PLS
Pilbara Minerals Limited
11.12%
SQM
Sociedad Quimica Y Minera de Chile S.A. - ADR
10.26%
IGO
IGO Limited
10.10%
ALB
Albemarle Corp.
10.07%
LTHM
Livent Corp
6.86%
LTR
Liontown Resources Ltd
6.13%
MIN
Mineral Resources Ltd
5.52%
SGML
Sigma Lithium Corporation
5.20%
LAC
Lithium Americas Corp
4.98%
001772
China Southern Units
3.99%
Invest with LITP

What is LITP?

Sprott Lithium Miners ETF (Nasdaq: LITP) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Lithium Miners Index (NSLITP). The Index is designed to track the performance of a selection of global securities in the lithium industry, including lithium producers, developers, and explorers. The Index is designed to track the performance of companies that derive at least 50% of their revenue and/or assets from mining, exploration, development, or production of lithium. The Index generally consists of from 40 to 50 constituents.

ETFs related toLITP

ETFs correlated to LITP include REMX, LIT, IDRV

LITP
Sprott Funds Trust. - Sprott Lithium Miners ETF
REMX
VanEck ETF Trust - VanEck Rare Earth/Strategic Metals ETF
LIT
Global X Funds - Global X Lithium & Battery Tech ETF
IDRV
iShares Trust - iShares Self-Driving EV and Tech ETF
PICK
BlackRock Institutional Trust Company N.A. - iShares MSCI Global Metals & Mining Producers ETF
GNR
SSgA Active Trust - SPDR S&P Global Natural Resources ETF
DRIV
Global X Funds - Global X Autonomous & Electric Vehicles ETF
EWA
BlackRock Institutional Trust Company N.A. - iShares MSCI Australia ETF
GUNR
FlexShares Trust - FlexShares Global Upstream Natural Resources Index Fund
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
AVIV
American Century ETF Trust - Avantis International Large Cap Value 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.

Automated Strategies
Related toLITP

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#DRAG

Copy the Dragon Portfolio

Category

Go Global, Copy the Greats

Risk Rating

Aggressive

Create your own algorithmic trading strategy with LITP using Composer

FAQ

LITP is a Global Equities ETF. Sprott Lithium Miners ETF (Nasdaq: LITP) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Lithium Miners Index (NSLITP). The Index is designed to track the performance of a selection of global securities in the lithium industry, including lithium producers, developers, and explorers. The Index is designed to track the performance of companies that derive at least 50% of their revenue and/or assets from mining, exploration, development, or production of lithium. The Index generally consists of from 40 to 50 constituents.

LITP tracks the Nasdaq Sprott Lithium Miners Index.

No, LITP 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, LITP 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 LITP is -0.0864%. This is the percent change in the value of LITP over the most recent 1-month period. The 3-month return on LITP is -0.2113%. This is the percent change in the value of LITP over the most recent 3-month period.

ETFs similar to LITP include IXJ, SMH, and URA.

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

ETFs that are inversely correlated to LITP include EDZ, EFZ, and TZA.

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.