LIMI vs SPY
Themes Lithium & Battery Metal Miners ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. LIMI delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | LIMI | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.09% | |
| AUM | $2M | $789.1B | |
| Dividend Yield | 0.37% | 1.01% | |
| Holdings | 54 | 505 | |
| YTD Return | -8.48% | +13.68% | |
| 1Y Return | +44.11% | +21.53% | |
| 3Y Return (annualized) | - | +21.44% | |
| 5Y Return (annualized) | - | +13.18% | |
| Volatility (annualized) | 39.9% | 15.3% | |
| Max Drawdown | -43.8% | -56.5% | |
| Fund Family | Themes ETFs | State Street Investment Management | |
| Category | Commodity | Equity | |
| Inception | Sep 23, 2024 | Jan 22, 1993 |
LIMI vs SPY Performance
Themes Lithium & Battery Metal Miners ETF (LIMI) is a ETF from Themes ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year LIMI returned +44.11% while SPY returned +21.53%. Year to date, LIMI is down 8.48% versus a gain of 13.68% for SPY.
Risk: Volatility and Drawdowns
LIMI has been the more volatile fund, with annualized monthly volatility of 39.9% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -43.8% for LIMI and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.48. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
LIMI charges 0.35% per year while SPY charges 0.09%. On a $10,000 position that is $35 vs $9 annually, a gap of $26 per year that compounds over a long holding period. On income, LIMI currently yields 0.37% against 1.01% for SPY.
Holdings Overlap
LIMI and SPY share 1 holdings out of 549 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in LIMI | Weight in SPY | Difference |
|---|---|---|---|
| ALB | 8.59% | 0.02% | 8.57% |
Frequently Asked Questions
Which is cheaper, LIMI or SPY?
LIMI has an expense ratio of 0.35% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, LIMI or SPY?
Over the past year LIMI returned +44.11% vs +21.53% for SPY, so LIMI leads on 1-year performance. Over the longest common window we track (2 years), LIMI annualized +37.09% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, LIMI or SPY?
LIMI has been the more volatile fund at 39.9% annualized versus 15.3% for SPY. Worst drawdown: LIMI -43.8% vs SPY -56.5%.
Should I hold both LIMI and SPY?
LIMI and SPY have a monthly-return correlation of 0.48, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LIMI and SPY?
LIMI and SPY share 1 common holdings with a 0.0% weight overlap. Combined, they hold 549 unique securities.
Which pays a higher dividend, LIMI or SPY?
LIMI yields 0.37% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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