what is lit etf

Lithium & Battery Tech ETF

Reasons to consider lit, high growth potential.

Lithium battery technology is essential to the rise of electric vehicles (EVs), renewable energy storage, and mobile devices. Due to rising demand and inelastic supply, tight lithium markets are expected to persist through the end of the decade. 1 , 2

Advancing Clean Technologies

New production techniques like direct lithium extraction could dramatically reduce land, energy, and water use, potentially delivering a host of environmental and operational benefits. 3

Unconstrained Approach

LIT invests in companies throughout the lithium cycle, including mining, refinement and battery production, cutting across traditional sector and geographic definitions.

1 AMG Critical Materials, Sep 2023 2 Benchmark Mineral Intelligence, May 2023 3 CleanTech Lithium, Oct 2023 

Key Information As of 05/14/24

Etf summary.

The Global X Lithium & Battery Tech ETF (LIT) invests in the full lithium cycle, from mining and refining the metal, through battery production.

ETF Objective

The Global X Lithium & Battery Tech ETF (LIT) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Lithium Index.

Trading Details As of 05/14/24

Distributions as of 05/14/24, etf prices as of 05/14/24, performance history.

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings As of 05/14/24

Exposure as of 04/30/24.

Source: new window AltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Characteristics As of 05/14/24

Etf risk stats as of 04/30/24, etf research, four companies leading the rise of lithium & battery technology: a 2024 update, lithium and ev market update: slower-than-expected sales growth just a bump in the road, one year in, the inflation reduction act’s influence on cleantech is just getting started.

View More Related Research

ETF Documents

• View the document Prospectus & Regulatory Information
• View the document Supplemental Tax Information
• View the document Fact Sheet
• View the document Index Methodology Summary
• View the document Thematic Adoption Menu

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Global X Management Company LLC makes no representations, warranties, endorsements, or recommendations regarding any broker, advisor, or other financial intermediary, nor are we affiliated with these entities. Ask such entities or persons about any conflicts of interest that may influence such entities or persons to recommend Global X ETFs over another investment. By clicking the links above you are leaving GlobalXETFs.com and visiting a third-party website. Global X Management Company LLC is not responsible for the contents of third-party websites.

Latest Premium / Discount As of 05/14/24

Current view 2024 q2 as of 05/14/24, daily premium / discount history as of 05/14/24.

Hover over the chart points for details

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How can the Fund trade at a premium/discount to its NAV?

The primary explanation is that timing discrepancies can arise between the NAV and the trading price of the Fund. Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. eastern time). As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.

What causes these time discrepancies?

Close of Trading Times. Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. eastern time), slight differences in this timing may cause discrepancies.

Time of Last Trade. Trading of Global X funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade - from which the closing price is determined - may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to deviate from the closing price.

International Holdings. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price.

• 12/29/2010 12/31/2010 01/07/2011 $0.264251
• 12/28/2011 12/30/2011 01/09/2012 $0.018454
• 12/27/2012 12/31/2012 01/09/2013 $0.347343
• 12/27/2013 12/31/2013 01/08/2014 $0.041579
• 12/29/2014 12/31/2014 01/08/2015 $0.119301
• 12/29/2015 12/31/2015 01/08/2016 $0.048089
• 12/28/2016 12/30/2016 01/06/2017 $0.524173
• 12/28/2017 12/29/2017 01/09/2018 $1.262158
• 12/28/2018 12/31/2018 01/08/2019 $0.678583
• 06/27/2019 06/28/2019 07/08/2019 $0.223459
• 12/30/2019 12/31/2019 01/08/2020 $0.281811
• 06/29/2020 06/30/2020 07/08/2020 $0.160590
• 12/30/2020 12/31/2020 01/08/2021 $0.087880
• 06/29/2021 06/30/2021 07/08/2021 $0.035747
• 12/30/2021 12/31/2021 01/07/2022 $0.147608
• 06/29/2022 06/30/2022 07/08/2022 $0.062153
• 12/29/2022 12/30/2022 01/09/2023 $0.516600
• 06/29/2023 06/30/2023 07/10/2023 $0.207700
• 12/28/2023 12/29/2023 01/08/2024 $0.357505
• 06/27/2024 06/27/2024 07/05/2024
• 12/30/2024 12/30/2024 01/07/2025

Investing involves risk, including the possible loss of principal. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Narrowly focused investments may be subject to higher volatility. There are additional risks associated with investing in lithium and the lithium mining industry. LIT is non-diversified.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Beginning October 15, 2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share. Prior to October 15, 2020, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Solactive AG, nor does Solactive AG make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with Solactive AG.

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Global X Lithium & Battery Tech ETF Overview

• # 23 in Natural Resources

Price (USD)

Daily Change

Change Percent

Expense Ratio

About Global X Lithium & Battery Tech ETF

The investment 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 fund invests at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. The underlying index is designed to measure broad-based equity market performance of global companies involved in the lithium industry. The fund is non-diversified.

U.S. News evaluated 53 Natural Resources ETFs and 24 make our Best Fit list. Our list highlights the best passively managed funds for long-term investors. Rankings are assigned based on comparisons with Best Fit funds in this category.

LIT is listed as:

• Costs Typical
• Tracking Error Typical
• Bid/Ask Ratio Good
• Holdings Diversity Good

Top 10 Holdings

Updated 05/10/24

Fund Snapshot

Previous Close

1-Year Return

Updated 05/13/24

Shares Outstanding

$0.36 (SemiAnnual)

Sector Weightings

Geographic breakdown.

Asia Developed

Asia Emerging

Australasia

Latin America

United States

Quotes delayed at least 15 minutes. Market data provided by Xignite. Fund data provided by Xignite and Morningstar . See Disclaimer . Contact U.S. News Best Funds . Use of this website constitutes acceptance of the Best Funds Terms and Conditions of Use .

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Global X Lithium & Battery Tech ETF LIT

Morningstar’s analysis lit, will lit outperform in future.

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable LIT’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the LIT management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of LIT’s parent organization’s priorities and whether they’re in line with investors’ interests.

Global X Lithium& Battery Tech ETF retains its Morningstar Medalist Rating of Bronze.

Morningstar Manager Research

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

Unlock our full analysis with Morningstar Investor

Portfolio Holdings LIT

• Current Portfolio Date May 13, 2024
• Equity Holdings —
• Bond Holdings —
• Other Holdings —
• % Assets in Top 10 Holdings 50.8

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Global X Lithium & Battery Tech ETF: (LIT)

(delayed data from nyse) as of may 15, 2024 04:00 pm et.

Add to portfolio

-0.87 (-1.90%)

Volume: 397,296

This is our ETF rating system that serves as a timeliness indicator for ETFs over the next 6 months:

See all the Top Ranked ETFs here - The complete list of all the top ranked ETFs

After-Market: $ 44.92 0.00 (0.00 %) 7:58 PM ET

Zacks ETF Categories    »  Equities Sector/Style  »   Materials ETFs

Etf quote details, zacks premium research for lit.

Zacks proprietary quantitative models divide each set of ETFs following a similar investment strategy (style box/industry/asset class) into three risk categories- High, Medium, and Low. The aim of our models is to select the best ETFs within each risk category, so that investors can pick an ETF that matches their particular risk preference in order to better achieve their investment goals.

ETF Expense Ratio

Benchmark for lit, solactive global lithium index.

The Solactive Global Lithium Index tracks the performance of the largest and most liquid listed companies that are active in the exploration and/ or mining of Lithium or the production of Lithium batteries.

Fund Summary for LIT

Global x lithium & battery tech 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.

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Global x lithium & battery tech etf (lit), performance overview: lit.

Trailing returns as of 5/14/2024. Category is Natural Resources.

1-Year Return

3-year return, trailing returns (%) vs. benchmarks, annual total return (%) history, etf summary.

The fund invests at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. The underlying index is designed to measure broad-based equity market performance of global companies involved in the lithium industry. The fund is non-diversified.

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News & Insights

Wednesday's ETF Movers: ITB, LIT

May 15, 2024 — 12:42 pm EDT

Written by BNK Invest for BNK Invest  ->

And underperforming other ETFs today is the Lithium ETF, down about 1.9% in Wednesday afternoon trading. Among components of that ETF with the weakest showing on Wednesday were shares of Albemarle, lower by about 5.8%, and shares of FMC, lower by about 3.7% on the day.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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A flood of crypto tokens with names referencing GameStop and famed trader Roaring Kitty have been created in the last 24 hours as developers try to ride a meme-coin resurgence

• The social media return of Keith Gill, aka "Roaring Kitty," has sparked a flood of crypto meme tokens.
• Microcap meme tokens with names like "GME" and "Roar" have soared more than 1,000%.
• Most of the tokens were created in the past 24 hours as developers try to capitalize on the spike of interest.

Keith Gill's return to social media on Sunday caused prices to surge in a wide range of crypto meme tokens, a flood of which have been created on the Solana network in the past 24 hours.

The " GME " meme token, which borrows GameStop's stock ticker, traded 1,247% higher on Monday with a total volume of more than $70 million, according to data from CoinMarketCap. The token has no official affiliation with GameStop.

Another meme token created on the Solana network is " GIL ", which was created early Monday morning and soared more than 4,000% on total volume of about $7 million.

" ROAR " is another Solana-based meme token that was created Sunday evening and is trading up 1,856% on total volume of about $12 million. And then there's " KITTY ," which rose thousands of percent to a market value north of $26 million.

The quick-turnaround creation of these thinly traded tokens appear to be an attempt to capitalize on the sudden interest in Gill, his internet persona, and GameStop. Given their lack of underlying value, these types of cryptos often wind up nearly worthless, although the developers can still profit from the immediate interest and price surge.

Gill's tweet on Sunday — his first in nearly three years — also lit a fire under meme stocks like GameStop , which soared as much as 119% on Monday, and AMC Entertainment , which jumped as much as 18%.

Gill's tweet was of an illustration of a man leaning forward in a chair playing a video game, perhaps a suggestion that he is getting serious about GameStop stock after it plunged 92% from its January 2021 peak of $120.75 to $9.95 in April. 

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