LITE vs TRI: Correlation
Measured on weekly returns over the past three years, Lumentum (LITE) and Thomson Reuters Corp (TRI) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LITE and TRI?
Over the past 3 years, LITE and TRI moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.50) than the 3-year average (-0.23). Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -477.5 %².
TRI is close to the least connected end of LITE's tracked universe, ranking #31 of 34. Correlation aside, the last 12 months split them widely, with LITE ahead by 697.4 points (+659.8% versus -37.6%). Note the risk asymmetry: LITE runs 2.0 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.
LITE vs TRI: side by side
| LITE (Lumentum) | TRI (Thomson Reuters Corp) | |
|---|---|---|
| 1-year return | +659.8% | -37.6% |
| 5-year return | +998.1% | -0.4% |
| Volatility (ann.) | 65.5% | 32.0% |
| Beta vs S&P 500 | 2.36 | 0.53 |
| Max drawdown (3Y) | -50.6% | -62.9% |
| Market cap | $85.8B | $45.4B |
| P/E (trailing) | – | 27.6 |
| Dividend yield | 0.00% | 2.48% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | LITE | TRI |
|---|---|---|
| 2022 | -50.7% | -3.0% |
| 2023 | +0.5% | +30.0% |
| 2024 | +60.1% | +11.1% |
| 2025 | +339.1% | -16.6% |
| 2026 | +159.4% | -17.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LITE and TRI good diversifiers for each other?
Yes. With a correlation of -0.23, LITE and TRI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LITE and TRI?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.50 over the last year and -0.15 over 5 years.
Is TRI a good diversifier for LITE?
Yes. With a correlation of -0.23, LITE and TRI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 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.
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Related comparisons
Hubs: LITE correlations · TRI correlations
