HLIT vs. XBM.TO
Compare and contrast key facts about Harmonic Inc. (HLIT) and iShares S&P/TSX Global Base Metals Index ETF (XBM.TO).
XBM.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can Natural Resource NR CAD. It was launched on Apr 12, 2011.
Performance
HLIT vs. XBM.TO - Performance Comparison
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HLIT vs. XBM.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HLIT Harmonic Inc. | -9.20% | -25.25% | 1.46% | -0.46% | 11.39% | 59.13% | -5.26% | 65.25% | 12.38% | -16.00% |
XBM.TO iShares S&P/TSX Global Base Metals Index ETF | 9.45% | 57.91% | -2.41% | 5.19% | -3.25% | 33.01% | 34.17% | 15.42% | -28.42% | 41.59% |
Different Trading Currencies
HLIT is traded in USD, while XBM.TO is traded in CAD. To make them comparable, the XBM.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HLIT achieves a -9.20% return, which is significantly lower than XBM.TO's 9.45% return. Over the past 10 years, HLIT has underperformed XBM.TO with an annualized return of 10.56%, while XBM.TO has yielded a comparatively higher 17.72% annualized return.
HLIT
- 1D
- 1.47%
- 1M
- -15.52%
- YTD
- -9.20%
- 6M
- -11.79%
- 1Y
- -6.36%
- 3Y*
- -14.94%
- 5Y*
- 2.54%
- 10Y*
- 10.56%
XBM.TO
- 1D
- 7.14%
- 1M
- -14.87%
- YTD
- 9.45%
- 6M
- 30.29%
- 1Y
- 81.46%
- 3Y*
- 17.95%
- 5Y*
- 14.63%
- 10Y*
- 17.72%
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Return for Risk
HLIT vs. XBM.TO — Risk / Return Rank
HLIT
XBM.TO
HLIT vs. XBM.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harmonic Inc. (HLIT) and iShares S&P/TSX Global Base Metals Index ETF (XBM.TO). 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 | XBM.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.16 | 2.06 | -2.23 |
Sortino ratioReturn per unit of downside risk | 0.04 | 2.54 | -2.51 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.35 | -0.35 |
Calmar ratioReturn relative to maximum drawdown | -0.39 | 3.22 | -3.61 |
Martin ratioReturn relative to average drawdown | -0.91 | 12.16 | -13.07 |
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 | XBM.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.16 | 2.06 | -2.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.41 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | 0.50 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.11 | -0.10 |
Correlation
The correlation between HLIT and XBM.TO is 0.30, 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.
Dividends
HLIT vs. XBM.TO - Dividend Comparison
HLIT has not paid dividends to shareholders, while XBM.TO's dividend yield for the trailing twelve months is around 0.77%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLIT Harmonic Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XBM.TO iShares S&P/TSX Global Base Metals Index ETF | 0.77% | 0.86% | 1.25% | 2.09% | 4.83% | 3.01% | 1.81% | 3.71% | 3.43% | 1.63% | 2.42% | 5.70% |
Drawdowns
HLIT vs. XBM.TO - Drawdown Comparison
The maximum HLIT drawdown since its inception was -99.32%, which is greater than XBM.TO's maximum drawdown of -78.58%. Use the drawdown chart below to compare losses from any high point for HLIT and XBM.TO.
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Drawdown Indicators
| HLIT | XBM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.32% | -67.40% | -31.92% |
Max Drawdown (1Y)Largest decline over 1 year | -19.10% | -23.88% | +4.78% |
Max Drawdown (5Y)Largest decline over 5 years | -55.14% | -40.57% | -14.57% |
Max Drawdown (10Y)Largest decline over 10 years | -55.14% | -57.24% | +2.10% |
Current DrawdownCurrent decline from peak | -94.11% | -13.62% | -80.49% |
Average DrawdownAverage peak-to-trough decline | -84.30% | -26.05% | -58.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.26% | 6.49% | +1.77% |
Volatility
HLIT vs. XBM.TO - Volatility Comparison
The current volatility for Harmonic Inc. (HLIT) is 12.19%, while iShares S&P/TSX Global Base Metals Index ETF (XBM.TO) has a volatility of 16.09%. This indicates that HLIT experiences smaller price fluctuations and is considered to be less risky than XBM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLIT | XBM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.19% | 16.09% | -3.90% |
Volatility (6M)Calculated over the trailing 6-month period | 26.28% | 29.48% | -3.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.21% | 39.76% | -0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.05% | 36.12% | +10.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.90% | 35.88% | +14.02% |