Sprott Lithium Miners ETF
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LITP Stock Report Card
$
17%
Performance
Score:
10/100
LITP returned -41.04% in the last 12 months. Based on SPY's performance of 13.09%, its performance is below average giving it a score of 10 of 100.
Volatility
Score:
26/100
LITP has had a lower than average amount of volatility over the last 12 months giving it a score of 26 of 100.
Sprott Lithium Miners ETF Summary
Nasdaq / LITP
Financial Services
Asset Management
LITP provides pure-play exposure to the global lithium industry in support of achieving a less carbon-intensive economy. The fund gives access to a portfolio of 40-50 US and foreign companies involved with or derive half of their revenue from the mining, exploration, development, or production of lithium. The investable universe is identified through a proprietary selection methodology which includes industry publication reviews and fundamental research. All eligible securities are then included as constituents provided that the minimum market-cap and liquidity requirements are met. An intensity score is also assigned to each company depending on their revenue percentage attributable to lithium. While the index is market cap-weighted, several capping rules are implemented based on the securities initial weights to ensure a diversified portfolio. Index reconstitution and rebalancing is done on a semi-annual basis in June and December.
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