ILIT vs. HLIT
Compare and contrast key facts about Ishares Lithium Miners And Producers ETF (ILIT) and Harmonic Inc. (HLIT).
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: ILIT or HLIT.
Correlation
The correlation between ILIT and HLIT is 0.26, 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
ILIT vs. HLIT - Performance Comparison
Key characteristics
ILIT:
-0.93
HLIT:
0.02
ILIT:
-1.39
HLIT:
0.39
ILIT:
0.85
HLIT:
1.06
ILIT:
-0.55
HLIT:
0.01
ILIT:
-1.42
HLIT:
0.08
ILIT:
25.84%
HLIT:
13.70%
ILIT:
39.40%
HLIT:
50.76%
ILIT:
-66.49%
HLIT:
-99.32%
ILIT:
-62.29%
HLIT:
-91.89%
Returns By Period
In the year-to-date period, ILIT achieves a 4.63% return, which is significantly higher than HLIT's -6.58% return.
ILIT
4.63%
-3.40%
-10.90%
-36.14%
N/A
N/A
HLIT
-6.58%
-6.22%
-1.75%
1.56%
8.35%
6.14%
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Risk-Adjusted Performance
ILIT vs. HLIT — Risk-Adjusted Performance Rank
ILIT
HLIT
ILIT vs. HLIT - Risk-Adjusted Performance 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.
Dividends
ILIT vs. HLIT - Dividend Comparison
ILIT's dividend yield for the trailing twelve months is around 6.20%, while HLIT has not paid dividends to shareholders.
| TTM | 2024 | 2023 | |
|---|---|---|---|
ILIT Ishares Lithium Miners And Producers ETF | 6.20% | 6.49% | 0.69% |
HLIT Harmonic Inc. | 0.00% | 0.00% | 0.00% |
Drawdowns
ILIT vs. HLIT - Drawdown Comparison
The maximum ILIT drawdown since its inception was -66.49%, 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. For additional features, visit the drawdowns tool.
Volatility
ILIT vs. HLIT - Volatility Comparison
The current volatility for Ishares Lithium Miners And Producers ETF (ILIT) is 7.97%, while Harmonic Inc. (HLIT) has a volatility of 10.56%. 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.