LITE vs PHGE: Correlation
Measured on weekly returns over the past three years, Lumentum (LITE) and BiomX Inc. (PHGE) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LITE and PHGE?
On 3 years of weekly data the LITE/PHGE correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.29) runs below the 3-year figure (-0.16). The 5-year figure is -0.07, and annualized covariance runs at -1532.3 %².
Within LITE's tracked universe of 34 assets, PHGE comes in at #25 by 3-year correlation. Correlation aside, the last 12 months split them widely, with LITE ahead by 758.5 points (+659.8% versus -98.7%). One caveat on sizing: PHGE 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.
LITE vs PHGE: side by side
| LITE (Lumentum) | PHGE (BiomX Inc.) | |
|---|---|---|
| 1-year return | +659.8% | -98.7% |
| 5-year return | +998.1% | -100.0% |
| Volatility (ann.) | 65.5% | 147.0% |
| Beta vs S&P 500 | 2.36 | 0.33 |
| Max drawdown (3Y) | -50.6% | -99.9% |
| Market cap | $85.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | LITE | PHGE |
|---|---|---|
| 2022 | -50.7% | -88.3% |
| 2023 | +0.5% | +49.7% |
| 2024 | +60.1% | -73.9% |
| 2025 | +339.1% | -86.5% |
| 2026 | +159.4% | -92.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LITE and PHGE good diversifiers for each other?
Yes. With a correlation of -0.16, LITE and PHGE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LITE and PHGE?
The LITE/PHGE correlation stands at -0.16 on a 3-year window (1 year: -0.29, 5 years: -0.07), computed from weekly returns as of 2026-08-27.
Is PHGE a good diversifier for LITE?
Yes. With a correlation of -0.16, LITE and PHGE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lite-vs-phge.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lite-vs-phge/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LITE correlations · PHGE correlations
