Doubts on the benefits of providing liquidity

Hi guys, hope some of you could shed some light on some doubts I've had for a while.

I've been trying to gather as much information as possible on providing liquidity in your standard pools with 2 currencies.

Theres just one thing I simply can't wrap my head around. If I understand correctly, impermanent loss will always eat away some of the APR if the ratio of the underlying assets provided changes.

In fact, this could in theory eat away all the APR (if not all of it) if the price of one of either assets changes significantly. Given that crypto prices can be quite volatile, wouldn't you realistically never get the APR 'advertised' with as a result of this? Unless the ratio remains exactly the same. Or am I just blatantly missing information here that I'm not taking into consideration?

Hence, I have the feeling I'm better off just HODLing both assets I have and benefiting only from the price increases I'm expecting over time. To clarify just for the sake of it: I'm concerned that I would be worse off when providing liquidity (due to the impermanent loss in combination with volatility I've experienced) then I would be doing nothing.

Kinda feels like I'm missing out on potential (passive) income by participating in liquidity provision with some of my assets, but the concerns I mentioned currently weigh harder on me.

Hope some of you can help me out here, thanks!