HLIT.TO vs. CEG

Last updated Jun 4, 2026

HLIT.TO (Global X Lithium Producers Index ETF) is Commodity Producers Equities fund tracking the Solactive Global Lithium Producers Index, while CEG (Constellation Energy Corp) is a stock. Over the past 3 years, HLIT.TO returned -8.89%/yr vs 47.75%/yr for CEG. At a 0.17 correlation, their price movements are largely independent.

Performance

HLIT.TO vs. CEG - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Lithium Producers Index ETF (HLIT.TO) and Constellation Energy Corp (CEG). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HLIT.TO is traded in CAD, while CEG is traded in USD. To make them comparable, the CEG values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HLIT.TO achieves a 25.27% return, which is significantly higher than CEG's -23.17% return.

HLIT.TO

• 1D: -2.47%
• 1M: -5.96%
• YTD: 25.27%
• 6M: 34.39%
• 1Y: 134.51%
• 3Y*: -8.89%
• 5Y*: —
• 10Y*: —

CEG

• 1D: -1.58%
• 1M: -14.97%
• YTD: -23.17%
• 6M: -26.10%
• 1Y: -13.07%
• 3Y*: 47.75%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HLIT.TO vs. CEG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HLIT.TO Global X Lithium Producers Index ETF	25.27%	42.90%	-43.73%	-17.02%	-2.67%
CEG Constellation Energy Corp	-23.17%	51.51%	109.27%	34.22%	75.46%

Correlation

The correlation between HLIT.TO and CEG is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (All Time) Calculated using the full available price history since Feb 3, 2022	0.17

Return for Risk

HLIT.TO vs. CEG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HLIT.TO

HLIT.TO Risk / Return Rank: 87
HLIT.TO Sharpe Ratio Rank: 94
HLIT.TO Sortino Ratio Rank: 84
HLIT.TO Omega Ratio Rank: 79
HLIT.TO Calmar Ratio Rank: 90
HLIT.TO Martin Ratio Rank: 89

CEG

CEG Risk / Return Rank: 27
CEG Sharpe Ratio Rank: 27
CEG Sortino Ratio Rank: 27
CEG Omega Ratio Rank: 27
CEG Calmar Ratio Rank: 28
CEG Martin Ratio Rank: 26

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HLIT.TO vs. CEG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Lithium Producers Index ETF (HLIT.TO) and Constellation Energy Corp (CEG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	HLIT.TO	CEG	Difference
Sharpe ratio: Return per unit of total volatility	3.55	-0.28	+3.83
Sortino ratio: Return per unit of downside risk	3.79	-0.09	+3.88
Omega ratio: Gain probability vs. loss probability	1.47	0.99	+0.48
Calmar ratio: Return relative to maximum drawdown	5.70	-0.33	+6.03
Martin ratio: Return relative to average drawdown	20.16	-0.68	+20.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HLIT.TO vs. CEG - Sharpe Ratio Comparison

The current HLIT.TO Sharpe Ratio is 3.55, which is higher than the CEG Sharpe Ratio of -0.28. The chart below compares the historical Sharpe Ratios of HLIT.TO and CEG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HLIT.TO	CEG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.55	-0.28	+3.83
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	1.03	-0.96

Drawdowns

HLIT.TO vs. CEG - Drawdown Comparison

The maximum HLIT.TO drawdown since its inception was -77.20%, which is greater than CEG's maximum drawdown of -51.09%. Use the drawdown chart below to compare losses from any high point for HLIT.TO and CEG.

Drawdown Indicators

	HLIT.TO	CEG	Difference
Max Drawdown Largest peak-to-trough decline	-77.20%	-51.09%	-26.11%
Max Drawdown (1Y) Largest decline over 1 year	-23.73%	-40.20%	+16.47%
Max Drawdown (3Y) Largest decline over 3 years	-74.44%	-51.09%	-23.35%
Current Drawdown Current decline from peak	-38.85%	-34.25%	-4.60%
Average Drawdown Average peak-to-trough decline	-37.70%	-11.66%	-26.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.70%	19.41%	-12.71%

Volatility

HLIT.TO vs. CEG - Volatility Comparison

The current volatility for Global X Lithium Producers Index ETF (HLIT.TO) is 8.90%, while Constellation Energy Corp (CEG) has a volatility of 15.69%. This indicates that HLIT.TO experiences smaller price fluctuations and is considered to be less risky than CEG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HLIT.TO	CEG	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.90%	15.69%	-6.79%
Volatility (6M) Calculated over the trailing 6-month period	27.73%	37.08%	-9.35%
Volatility (1Y) Calculated over the trailing 1-year period	38.13%	46.67%	-8.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.56%	48.45%	-9.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.56%	48.45%	-9.89%

Dividends

HLIT.TO vs. CEG - Dividend Comparison

HLIT.TO's dividend yield for the trailing twelve months is around 0.09%, less than CEG's 0.61% yield.

Position	TTM	2025	2024	2023	2022
CEG Constellation Energy Corp	0.61%	0.44%	0.63%	0.97%	0.65%
HLIT.TO Global X Lithium Producers Index ETF	0.09%	0.12%	2.24%	2.58%	1.88%

Frequently Asked Questions

Can I hold both HLIT.TO and CEG in my portfolio?

HLIT.TO and CEG have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.