HLIT vs. JEPQ
HLIT (Harmonic Inc.) is a stock, while JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) is Nasdaq-100 fund tracking the Nasdaq-100 Index. Over the past 3 years, HLIT returned -6.35%/yr vs 20.92%/yr for JEPQ. At a 0.41 correlation, their price movements are largely independent.
Performance
HLIT vs. JEPQ - Performance Comparison
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Returns By Period
In the year-to-date period, HLIT achieves a 48.23% return, which is significantly higher than JEPQ's 9.54% return.
HLIT
- 1D
- -5.91%
- 1M
- 24.24%
- YTD
- 48.23%
- 6M
- 50.20%
- 1Y
- 54.97%
- 3Y*
- -6.35%
- 5Y*
- 15.44%
- 10Y*
- 17.63%
JEPQ
- 1D
- -0.10%
- 1M
- 4.31%
- YTD
- 9.54%
- 6M
- 9.75%
- 1Y
- 29.00%
- 3Y*
- 20.92%
- 5Y*
- —
- 10Y*
- —
HLIT vs. JEPQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HLIT Harmonic Inc. | 48.23% | -25.25% | 1.46% | -0.46% | 34.08% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.54% | 15.18% | 24.85% | 36.28% | -12.89% |
Correlation
The correlation between HLIT and JEPQ is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since May 5, 2022 | 0.41 |
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Return for Risk
HLIT vs. JEPQ — Risk / Return Rank
HLIT
JEPQ
HLIT vs. JEPQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harmonic Inc. (HLIT) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). 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.
| HLIT | JEPQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.49 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 3.31 | -0.41 |
| Martin ratioReturn relative to average drawdown | 6.67 | 16.22 | -9.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HLIT | JEPQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 2.49 | -1.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 1.00 | -0.97 |
Drawdowns
HLIT vs. JEPQ - Drawdown Comparison
The maximum HLIT drawdown since its inception was -99.32%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for HLIT and JEPQ.
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Drawdown Indicators
| HLIT | JEPQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.32% | -20.07% | -79.25% |
Max Drawdown (1Y)Largest decline over 1 year | -19.10% | -8.82% | -10.28% |
Max Drawdown (3Y)Largest decline over 3 years | -55.14% | -20.07% | -35.07% |
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 | -90.38% | -0.10% | -90.28% |
Average DrawdownAverage peak-to-trough decline | -84.34% | -3.42% | -80.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.27% | 1.79% | +6.48% |
Volatility
HLIT vs. JEPQ - Volatility Comparison
Harmonic Inc. (HLIT) has a higher volatility of 27.09% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 1.26%. This indicates that HLIT's price experiences larger fluctuations and is considered to be riskier than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLIT | JEPQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.09% | 1.26% | +25.83% |
Volatility (6M)Calculated over the trailing 6-month period | 37.20% | 9.07% | +28.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.92% | 11.73% | +34.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.08% | 16.61% | +31.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.52% | 16.61% | +33.91% |
Dividends
HLIT vs. JEPQ - Dividend Comparison
HLIT has not paid dividends to shareholders, while JEPQ's dividend yield for the trailing twelve months is around 10.07%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HLIT Harmonic Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 10.07% | 10.53% | 9.65% | 10.03% | 9.44% |
Frequently Asked Questions
HLIT and JEPQ have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HLIT has higher volatility (27.09%) compared to JEPQ (1.26%). In terms of maximum drawdown, HLIT dropped -99.32% vs JEPQ's -20.07%.
JEPQ currently has the higher Sharpe Ratio (2.49 vs 1.21), 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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