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 0.27, 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:
-0.43
ILIT:
-0.77
HLIT:
-0.29
ILIT:
-1.07
HLIT:
0.95
ILIT:
0.89
HLIT:
-0.24
ILIT:
-0.44
HLIT:
-1.53
ILIT:
-1.10
HLIT:
14.48%
ILIT:
26.47%
HLIT:
51.30%
ILIT:
37.86%
HLIT:
-99.32%
ILIT:
-66.49%
HLIT:
-93.01%
ILIT:
-62.69%
Returns By Period
In the year-to-date period, HLIT achieves a -19.50% return, which is significantly lower than ILIT's 3.50% return.
HLIT
-19.50%
-14.46%
-22.38%
-20.40%
9.91%
3.08%
ILIT
3.50%
-3.98%
0.96%
-28.29%
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 6.27%.
| TTM | 2024 | 2023 | |
|---|---|---|---|
HLIT Harmonic Inc. | 0.00% | 0.00% | 0.00% |
ILIT Ishares Lithium Miners And Producers ETF | 6.27% | 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 -66.49%. 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 18.77% compared to Ishares Lithium Miners And Producers ETF (ILIT) at 7.83%. 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.