C vs LITE: Correlation
How closely do Citigroup (C) and Lumentum (LITE) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are C and LITE?
On 3 years of weekly data the C/LITE correlation comes out at 0.55, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.55 over 3. The 5-year figure is 0.45, and annualized covariance runs at 1098.0 %².
Among the 33 assets we track against C, LITE ranks #22 by 3-year correlation. Correlation aside, the last 12 months split them widely, with LITE ahead by 619.9 points (+39.9% versus +659.8%). This link changes with the market regime, having swung between 0.04 and 0.73 on a rolling one-year basis. One caveat on sizing: LITE is 2.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
C vs LITE: side by side
| C (Citigroup) | LITE (Lumentum) | |
|---|---|---|
| 1-year return | +39.9% | +659.8% |
| 5-year return | +119.6% | +998.1% |
| Volatility (ann.) | 30.3% | 65.5% |
| Beta vs S&P 500 | 1.39 | 2.36 |
| Max drawdown (3Y) | -31.3% | -50.6% |
| Market cap | $222.6B | $85.8B |
| P/E (trailing) | 14.4 | – |
| Dividend yield | 1.80% | 0.00% |
| Sector / category | Financials | Information Technology |
Year-by-year returns
| Year | C | LITE |
|---|---|---|
| 2022 | -22.1% | -50.7% |
| 2023 | +19.0% | +0.5% |
| 2024 | +41.9% | +60.1% |
| 2025 | +70.4% | +339.1% |
| 2026 | +15.4% | +159.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are C and LITE good diversifiers for each other?
Only partially. A correlation of 0.55 means C and LITE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between C and LITE?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.47 over the last year and 0.45 over 5 years.
Is LITE a good diversifier for C?
Only partially. A correlation of 0.55 means C and LITE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
A reading of 0.55 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/c-vs-lite.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/c-vs-lite/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: C correlations · LITE correlations
