LITE vs STX: Correlation
Measured on weekly returns over the past three years, Lumentum (LITE) and Seagate Technology (STX) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LITE and STX?
Over the past 3 years, LITE and STX moved with a correlation of 0.50, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.38 versus 0.50 over 3 years. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 1667.6 %².
Within LITE's tracked universe of 34 assets, STX comes in at #18 by 3-year correlation. The last year tells two different stories: LITE led by 249.0 percentage points, +659.8% for LITE against +410.8% for STX. The rolling one-year correlation moved between 0.27 and 0.69 over the past three years, a moderate range.
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 STX: side by side
| LITE (Lumentum) | STX (Seagate Technology) | |
|---|---|---|
| 1-year return | +659.8% | +410.8% |
| 5-year return | +998.1% | +1032.5% |
| Volatility (ann.) | 65.5% | 51.3% |
| Beta vs S&P 500 | 2.36 | 1.97 |
| Max drawdown (3Y) | -50.6% | -40.0% |
| Market cap | $85.8B | $192.0B |
| P/E (trailing) | – | 61.0 |
| Dividend yield | 0.00% | 0.35% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | LITE | STX |
|---|---|---|
| 2022 | -50.7% | -51.4% |
| 2023 | +0.5% | +69.1% |
| 2024 | +60.1% | +4.1% |
| 2025 | +339.1% | +225.3% |
| 2026 | +159.4% | +208.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LITE and STX good diversifiers for each other?
Only partially. A correlation of 0.50 means LITE and STX 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 LITE and STX?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.38 over the last year and 0.47 over 5 years.
Is STX a good diversifier for LITE?
Only partially. A correlation of 0.50 means LITE and STX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 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-stx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lite-vs-stx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LITE correlations · STX correlations
