HLIT vs. ILIT
Compare and contrast key facts about Harmonic Inc. (HLIT) and Ishares Lithium Miners And Producers ETF (ILIT).
ILIT is a passively managed fund by iShares that tracks the performance of the STOXX Global Lithium Miners and Producers Index - USD - Benchmark TR Net. It was launched on Jun 21, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HLIT or ILIT.
Correlation
The correlation between HLIT and ILIT is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
HLIT vs. ILIT - Performance Comparison
Key characteristics
HLIT:
-0.71
ILIT:
-1.26
HLIT:
-0.80
ILIT:
-2.17
HLIT:
0.87
ILIT:
0.78
HLIT:
-0.40
ILIT:
-0.66
HLIT:
-2.11
ILIT:
-1.71
HLIT:
17.71%
ILIT:
27.31%
HLIT:
52.42%
ILIT:
37.06%
HLIT:
-99.32%
ILIT:
-71.04%
HLIT:
-94.53%
ILIT:
-71.04%
Returns By Period
In the year-to-date period, HLIT achieves a -37.04% return, which is significantly lower than ILIT's -19.66% return.
HLIT
-37.04%
-19.20%
-39.46%
-35.63%
7.03%
1.21%
ILIT
-19.66%
-19.93%
-36.33%
-45.60%
N/A
N/A
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Risk-Adjusted Performance
HLIT vs. ILIT — Risk-Adjusted Performance Rank
HLIT
ILIT
HLIT vs. ILIT - Risk-Adjusted Performance 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.
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 8.07%.
| TTM | 2024 | 2023 | |
|---|---|---|---|
HLIT Harmonic Inc. | 0.00% | 0.00% | 0.00% |
ILIT Ishares Lithium Miners And Producers ETF | 8.07% | 6.49% | 0.69% |
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 -71.04%. Use the drawdown chart below to compare losses from any high point for HLIT and ILIT. For additional features, visit the drawdowns tool.
Volatility
HLIT vs. ILIT - Volatility Comparison
Harmonic Inc. (HLIT) has a higher volatility of 13.06% compared to Ishares Lithium Miners And Producers ETF (ILIT) at 10.52%. 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.