HLIT vs. ILIT
HLIT (Harmonic Inc.) is a stock, while ILIT (Ishares Lithium Miners And Producers ETF) is Lithium & Battery Metals fund tracking the STOXX Global Lithium Miners and Producers Index - USD - Benchmark TR Net. Over the past 3 years, HLIT returned -3.50%/yr vs -5.16%/yr for ILIT. At a 0.29 correlation, their price movements are largely independent.
Performance
HLIT vs. ILIT - Performance Comparison
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Returns By Period
In the year-to-date period, HLIT achieves a 51.26% return, which is significantly higher than ILIT's 20.43% return.
HLIT
- 1D
- -0.80%
- 1M
- -1.58%
- YTD
- 51.26%
- 6M
- 50.05%
- 1Y
- 68.47%
- 3Y*
- -3.50%
- 5Y*
- 13.11%
- 10Y*
- 18.12%
ILIT
- 1D
- -0.71%
- 1M
- -6.71%
- YTD
- 20.43%
- 6M
- 20.23%
- 1Y
- 160.57%
- 3Y*
- -5.16%
- 5Y*
- —
- 10Y*
- —
HLIT vs. ILIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HLIT Harmonic Inc. | 51.26% | -25.25% | 1.46% | -26.66% |
ILIT Ishares Lithium Miners And Producers ETF | 20.43% | 81.51% | -45.14% | -28.86% |
Correlation
The correlation between HLIT and ILIT is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2023 | 0.29 |
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Return for Risk
HLIT vs. ILIT — Risk / Return Rank
HLIT
ILIT
HLIT vs. ILIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harmonic Inc. (HLIT) and Ishares Lithium Miners And Producers ETF (ILIT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HLIT | ILIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.42 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 6.06 | -2.99 |
| Martin ratioReturn relative to average drawdown | 7.73 | 17.10 | -9.37 |
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Drawdowns
HLIT vs. ILIT - Drawdown Comparison
The maximum HLIT drawdown since its inception was -99.32%, which is greater than ILIT's maximum drawdown of -73.69%. Use the drawdown chart below to compare losses from any high point for HLIT and ILIT.
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Drawdown Indicators
| HLIT | ILIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.32% | -73.69% | -25.63% |
Max Drawdown (1Y)Largest decline over 1 year | -22.44% | -26.68% | +4.24% |
Max Drawdown (3Y)Largest decline over 3 years | -50.45% | -73.69% | +23.24% |
Max Drawdown (5Y)Largest decline over 5 years | -55.14% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -55.14% | — | — |
Current DrawdownCurrent decline from peak | -90.18% | -21.22% | -68.96% |
Average DrawdownAverage peak-to-trough decline | -84.34% | -45.42% | -38.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.89% | 9.43% | -0.54% |
Volatility
HLIT vs. ILIT - Volatility Comparison
Harmonic Inc. (HLIT) has a higher volatility of 29.85% compared to Ishares Lithium Miners And Producers ETF (ILIT) at 14.58%. This indicates that HLIT's price experiences larger fluctuations and is considered to be riskier than ILIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLIT | ILIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.85% | 14.58% | +15.27% |
Volatility (6M)Calculated over the trailing 6-month period | 39.15% | 35.02% | +4.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.53% | 50.62% | -3.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.41% | 41.97% | +6.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.63% | 41.97% | +8.66% |
Dividends
HLIT vs. ILIT - Dividend Comparison
HLIT has not paid dividends to shareholders, while ILIT's dividend yield for the trailing twelve months is around 1.71%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HLIT Harmonic Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
ILIT Ishares Lithium Miners And Producers ETF | 1.71% | 2.27% | 6.48% | 0.69% |
Frequently Asked Questions
HLIT and ILIT have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HLIT has higher volatility (29.85%) compared to ILIT (14.58%). In terms of maximum drawdown, HLIT dropped -99.32% vs ILIT's -73.69%.
ILIT currently has the higher Sharpe Ratio (3.20 vs 1.45), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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