LITE vs VIAV: Correlation
Measured on weekly returns over the past three years, Lumentum (LITE) and Viavi Solutions Inc. (VIAV) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LITE and VIAV?
Over the past 3 years, LITE and VIAV moved with a correlation of 0.55, which is moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.55 over 3. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 1699.1 %².
Within LITE's tracked universe of 34 assets, VIAV comes in at #13 by 3-year correlation. The last year tells two different stories: LITE led by 414.6 percentage points, +659.8% for LITE against +245.2% for VIAV.
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 VIAV: side by side
| LITE (Lumentum) | VIAV (Viavi Solutions Inc.) | |
|---|---|---|
| 1-year return | +659.8% | +245.2% |
| 5-year return | +998.1% | +132.5% |
| Volatility (ann.) | 65.5% | 47.3% |
| Beta vs S&P 500 | 2.36 | 1.14 |
| Max drawdown (3Y) | -50.6% | -41.7% |
| Market cap | $85.8B | $9.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | LITE | VIAV |
|---|---|---|
| 2022 | -50.7% | -40.4% |
| 2023 | +0.5% | -4.2% |
| 2024 | +60.1% | +0.3% |
| 2025 | +339.1% | +76.4% |
| 2026 | +159.4% | +115.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LITE and VIAV good diversifiers for each other?
Only partially. A correlation of 0.55 means LITE and VIAV 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 VIAV?
The LITE/VIAV correlation stands at 0.55 on a 3-year window (1 year: 0.55, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is VIAV a good diversifier for LITE?
Only partially. A correlation of 0.55 means LITE and VIAV 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?
On the −1 to +1 scale, 0.55 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/lite-vs-viav.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lite-vs-viav/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LITE correlations · VIAV correlations
