AEIS vs LITE: Correlation
Advanced Energy Industries, Inc. (AEIS) and Lumentum (LITE) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEIS and LITE?
Across a 3-year window, the weekly returns of AEIS and LITE correlate at 0.57, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. Stretching to 5 years gives 0.55, with an annualized covariance of 1646.5 %².
Among the 32 assets we track against AEIS, LITE ranks #15 by 3-year correlation. Correlation aside, the last 12 months split them widely, with LITE ahead by 572.8 points (+87.0% versus +659.8%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AEIS vs LITE: side by side
| AEIS (Advanced Energy Industries, Inc.) | LITE (Lumentum) | |
|---|---|---|
| 1-year return | +87.0% | +659.8% |
| 5-year return | +222.9% | +998.1% |
| Volatility (ann.) | 43.9% | 65.5% |
| Beta vs S&P 500 | 1.69 | 2.36 |
| Max drawdown (3Y) | -39.9% | -50.6% |
| Market cap | $11.5B | $85.8B |
| P/E (trailing) | 52.4 | – |
| Dividend yield | 0.14% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | AEIS | LITE |
|---|---|---|
| 2022 | -5.4% | -50.7% |
| 2023 | +27.5% | +0.5% |
| 2024 | +6.6% | +60.1% |
| 2025 | +81.6% | +339.1% |
| 2026 | +37.3% | +159.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEIS and LITE good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AEIS and LITE?
The AEIS/LITE correlation stands at 0.57 on a 3-year window (1 year: 0.49, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is LITE a good diversifier for AEIS?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aeis-vs-lite.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aeis-vs-lite/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AEIS correlations · LITE correlations
