HLIT vs. INSG
HLIT (Harmonic Inc.) and INSG (Inseego Corp.) are both stocks. Both operate in the Communication Equipment industry within the Technology sector. Over the past 10 years, HLIT returned 18.12%/yr vs -4.23%/yr for INSG. At a 0.25 correlation, their price movements are largely independent.
Performance
HLIT vs. INSG - 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 INSG's 0.49% return. Over the past 10 years, HLIT has outperformed INSG with an annualized return of 18.12%, while INSG has yielded a comparatively lower -4.23% annualized 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%
INSG
- 1D
- 0.10%
- 1M
- -17.37%
- YTD
- 0.49%
- 6M
- -2.64%
- 1Y
- 37.78%
- 3Y*
- 16.07%
- 5Y*
- -37.00%
- 10Y*
- -4.23%
HLIT vs. INSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HLIT Harmonic Inc. | 51.26% | -25.25% | 1.46% | -0.46% | 11.39% | 59.13% | -5.26% | 65.25% | 12.38% | -16.00% |
INSG Inseego Corp. | 0.49% | 0.10% | 366.79% | -73.91% | -85.55% | -62.31% | 111.05% | 76.63% | 157.76% | -34.02% |
Correlation
The correlation between HLIT and INSG is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2000 | 0.25 |
The correlation between HLIT and INSG shifts across timeframes, from 0.25 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
HLIT:
$1.65B
INSG:
$168.80M
HLIT:
-$0.37
INSG:
$0.84
HLIT:
3.37
INSG:
0.95
HLIT:
$500.34M
INSG:
$168.85M
HLIT:
$260.72M
INSG:
$64.27M
HLIT:
$46.11M
INSG:
$22.85M
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Return for Risk
HLIT vs. INSG — Risk / Return Rank
HLIT
INSG
HLIT vs. INSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harmonic Inc. (HLIT) and Inseego Corp. (INSG). 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 | INSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.15 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 0.76 | +2.31 |
| Martin ratioReturn relative to average drawdown | 7.73 | 1.38 | +6.34 |
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Drawdowns
HLIT vs. INSG - Drawdown Comparison
The maximum HLIT drawdown since its inception was -99.32%, roughly equal to the maximum INSG drawdown of -99.92%. Use the drawdown chart below to compare losses from any high point for HLIT and INSG.
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Drawdown Indicators
| HLIT | INSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.32% | -99.92% | +0.60% |
Max Drawdown (1Y)Largest decline over 1 year | -22.44% | -50.12% | +27.68% |
Max Drawdown (3Y)Largest decline over 3 years | -50.45% | -79.31% | +28.86% |
Max Drawdown (5Y)Largest decline over 5 years | -55.14% | -98.29% | +43.15% |
Max Drawdown (10Y)Largest decline over 10 years | -55.14% | -99.13% | +43.99% |
Current DrawdownCurrent decline from peak | -90.18% | -99.55% | +9.37% |
Average DrawdownAverage peak-to-trough decline | -84.34% | -96.26% | +11.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.89% | 27.38% | -18.49% |
Volatility
HLIT vs. INSG - Volatility Comparison
Harmonic Inc. (HLIT) has a higher volatility of 29.85% compared to Inseego Corp. (INSG) at 27.52%. This indicates that HLIT's price experiences larger fluctuations and is considered to be riskier than INSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLIT | INSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.85% | 27.52% | +2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 39.15% | 57.75% | -18.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.53% | 76.93% | -29.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.41% | 94.80% | -46.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.63% | 83.93% | -33.30% |
Dividends
HLIT vs. INSG - Dividend Comparison
Neither HLIT nor INSG has paid dividends to shareholders.
Financials
HLIT vs. INSG - Financials Comparison
This section allows you to compare key financial metrics between Harmonic Inc. and Inseego Corp.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
HLIT vs. INSG - Profitability Comparison
HLIT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Harmonic Inc. reported a gross profit of 63.62M and revenue of 121.70M. Therefore, the gross margin over that period was 52.3%.
INSG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Inseego Corp. reported a gross profit of 16.60M and revenue of 34.34M. Therefore, the gross margin over that period was 48.3%.
HLIT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Harmonic Inc. reported an operating income of 20.45M and revenue of 121.70M, resulting in an operating margin of 16.8%.
INSG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Inseego Corp. reported an operating income of -3.57M and revenue of 34.34M, resulting in an operating margin of -10.4%.
HLIT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Harmonic Inc. reported a net income of 7.31M and revenue of 121.70M, resulting in a net margin of 6.0%.
INSG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Inseego Corp. reported a net income of 10.56M and revenue of 34.34M, resulting in a net margin of 30.8%.
Frequently Asked Questions
HLIT and INSG have a correlation of 0.40, 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 INSG (27.52%). In terms of maximum drawdown, HLIT dropped -99.32% vs INSG's -99.92%.
HLIT currently has the higher Sharpe Ratio (1.45 vs 0.49), 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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