ILIT vs. HLIT

Last updated Jun 3, 2026

ILIT (Ishares Lithium Miners And Producers ETF) is Energy Equities fund tracking the STOXX Global Lithium Miners and Producers Index - USD - Benchmark TR Net, while HLIT (Harmonic Inc.) is a stock. Over the past year, ILIT returned 198.34% vs 72.15% for HLIT. At a 0.29 correlation, their price movements are largely independent.

Performance

ILIT vs. HLIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ishares Lithium Miners And Producers ETF (ILIT) and Harmonic Inc. (HLIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ILIT achieves a 30.75% return, which is significantly lower than HLIT's 57.53% return.

ILIT

• 1D: -0.22%
• 1M: -10.68%
• YTD: 30.75%
• 6M: 38.84%
• 1Y: 198.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HLIT

• 1D: -1.45%
• 1M: 32.48%
• YTD: 57.53%
• 6M: 61.12%
• 1Y: 72.15%
• 3Y*: -4.43%
• 5Y*: 17.09%
• 10Y*: 18.35%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ILIT vs. HLIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ILIT Ishares Lithium Miners And Producers ETF	30.75%	81.51%	-45.14%	-28.86%
HLIT Harmonic Inc.	57.53%	-25.25%	1.46%	-21.68%

Correlation

The correlation between ILIT and HLIT is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023	0.29

Return for Risk

ILIT vs. HLIT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ILIT

ILIT Risk / Return Rank: 91
ILIT Sharpe Ratio Rank: 96
ILIT Sortino Ratio Rank: 88
ILIT Omega Ratio Rank: 83
ILIT Calmar Ratio Rank: 95
ILIT Martin Ratio Rank: 92

HLIT

HLIT Risk / Return Rank: 82
HLIT Sharpe Ratio Rank: 82
HLIT Sortino Ratio Rank: 78
HLIT Omega Ratio Rank: 80
HLIT Calmar Ratio Rank: 86
HLIT Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ILIT vs. HLIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ishares Lithium Miners And Producers ETF (ILIT) and Harmonic Inc. (HLIT). 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.

	ILIT	HLIT	Difference
Sharpe ratio Return per unit of total volatility	4.09	1.59	+2.50
Sortino ratio Return per unit of downside risk	4.06	2.25	+1.81
Omega ratio Gain probability vs. loss probability	1.50	1.31	+0.20
Calmar ratio Return relative to maximum drawdown	8.42	3.81	+4.61
Martin ratio Return relative to average drawdown	23.63	8.85	+14.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ILIT vs. HLIT - Sharpe Ratio Comparison

The current ILIT Sharpe Ratio is 4.09, which is higher than the HLIT Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of ILIT and HLIT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ILIT	HLIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.09	1.59	+2.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.36	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.06	0.04	-0.10

Drawdowns

ILIT vs. HLIT - Drawdown Comparison

The maximum ILIT drawdown since its inception was -73.69%, smaller than the maximum HLIT drawdown of -99.32%. Use the drawdown chart below to compare losses from any high point for ILIT and HLIT.

Drawdown Indicators

	ILIT	HLIT	Difference
Max Drawdown Largest peak-to-trough decline	-73.69%	-99.32%	+25.63%
Max Drawdown (1Y) Largest decline over 1 year	-22.86%	-19.10%	-3.76%
Max Drawdown (3Y) Largest decline over 3 years	—	-55.14%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-55.14%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-55.14%	—
Current Drawdown Current decline from peak	-14.46%	-89.78%	+75.32%
Average Drawdown Average peak-to-trough decline	-45.91%	-84.34%	+38.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.15%	8.22%	-0.07%

Volatility

ILIT vs. HLIT - Volatility Comparison

The current volatility for Ishares Lithium Miners And Producers ETF (ILIT) is 11.61%, while Harmonic Inc. (HLIT) has a volatility of 26.06%. This indicates that ILIT experiences smaller price fluctuations and is considered to be less risky than HLIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ILIT	HLIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.61%	26.06%	-14.45%
Volatility (6M) Calculated over the trailing 6-month period	33.12%	36.68%	-3.56%
Volatility (1Y) Calculated over the trailing 1-year period	48.84%	45.51%	+3.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.55%	48.00%	-6.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.55%	50.49%	-8.94%

Dividends

ILIT vs. HLIT - Dividend Comparison

ILIT's dividend yield for the trailing twelve months is around 1.74%, while HLIT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
HLIT Harmonic Inc.	0.00%	0.00%	0.00%	0.00%
ILIT Ishares Lithium Miners And Producers ETF	1.74%	2.27%	6.48%	0.69%

Frequently Asked Questions

Can I hold both ILIT and HLIT in my portfolio?

ILIT and HLIT have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ILIT or HLIT?

HLIT has higher volatility (26.06%) compared to ILIT (11.61%). In terms of maximum drawdown, ILIT dropped -73.69% vs HLIT's -99.32%.

Which has better risk-adjusted returns?

ILIT currently has the higher Sharpe Ratio (4.09 vs 1.59), 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.