JCI vs LITE: Correlation
Johnson Controls (JCI) and Lumentum (LITE) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JCI and LITE?
On 3 years of weekly data the JCI/LITE correlation comes out at 0.56, moderate. The past 12 months show a tighter link (0.67) than the 3-year average (0.56). The 5-year figure is 0.48, and annualized covariance runs at 1033.1 %².
By 3-year correlation, LITE places #6 of the 32 assets tracked against JCI. Their recent paths diverged sharply: over the last 12 months LITE outperformed by 628.9 percentage points (+30.9% for JCI against +659.8% for LITE). On a rolling one-year basis the correlation drifted between 0.19 and 0.69, a moderate band. Note the risk asymmetry: LITE runs 2.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
JCI vs LITE: side by side
| JCI (Johnson Controls) | LITE (Lumentum) | |
|---|---|---|
| 1-year return | +30.9% | +659.8% |
| 5-year return | +108.2% | +998.1% |
| Volatility (ann.) | 28.1% | 65.5% |
| Beta vs S&P 500 | 0.98 | 2.36 |
| Max drawdown (3Y) | -21.1% | -50.6% |
| Market cap | $86.1B | $85.8B |
| P/E (trailing) | 40.1 | – |
| Dividend yield | 1.11% | 0.00% |
| Sector / category | Industrials | Information Technology |
Year-by-year returns
| Year | JCI | LITE |
|---|---|---|
| 2022 | -19.3% | -50.7% |
| 2023 | -7.6% | +0.5% |
| 2024 | +39.8% | +60.1% |
| 2025 | +53.0% | +339.1% |
| 2026 | +19.5% | +159.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JCI and LITE good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between JCI and LITE?
The JCI/LITE correlation stands at 0.56 on a 3-year window (1 year: 0.67, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is LITE a good diversifier for JCI?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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/jci-vs-lite.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jci-vs-lite/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JCI correlations · LITE correlations
