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 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HLIT vs. ILIT - Performance Comparison
Key characteristics
HLIT:
-0.07
ILIT:
-0.91
HLIT:
0.26
ILIT:
-1.44
HLIT:
1.04
ILIT:
0.85
HLIT:
-0.04
ILIT:
-0.49
HLIT:
-0.21
ILIT:
-1.26
HLIT:
18.49%
ILIT:
28.42%
HLIT:
51.69%
ILIT:
39.34%
HLIT:
-99.32%
ILIT:
-73.69%
HLIT:
-93.96%
ILIT:
-68.76%
Returns By Period
In the year-to-date period, HLIT achieves a -30.39% return, which is significantly lower than ILIT's -13.33% return.
HLIT
-30.39%
-5.15%
-37.69%
0.11%
10.27%
2.78%
ILIT
-13.33%
-8.74%
-28.68%
-35.93%
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 7.48%.
| TTM | 2024 | 2023 | |
|---|---|---|---|
HLIT Harmonic Inc. | 0.00% | 0.00% | 0.00% |
ILIT Ishares Lithium Miners And Producers ETF | 7.48% | 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 -73.69%. 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
The current volatility for Harmonic Inc. (HLIT) is 17.38%, while Ishares Lithium Miners And Producers ETF (ILIT) has a volatility of 18.38%. This indicates that HLIT experiences smaller price fluctuations and is considered to be less risky than ILIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.