LITE vs VYM: Correlation
Measured on weekly returns over the past three years, Lumentum (LITE) and Vanguard High Dividend Yield ETF (VYM) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LITE and VYM?
Over the past 3 years, LITE and VYM moved with a correlation of 0.56, which is moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 448.3 %².
Among the 34 assets we track against LITE, VYM ranks #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months LITE outperformed by 638.7 percentage points (+659.8% for LITE against +21.1% for VYM). Across three years, the rolling one-year figure varied moderately, from 0.23 to 0.71. Note the risk asymmetry: LITE runs 5.3 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.
LITE vs VYM: side by side
| LITE (Lumentum) | VYM (Vanguard High Dividend Yield ETF) | |
|---|---|---|
| 1-year return | +659.8% | +21.1% |
| 5-year return | +998.1% | +76.6% |
| Volatility (ann.) | 65.5% | 12.3% |
| Beta vs S&P 500 | 2.36 | 0.69 |
| Max drawdown (3Y) | -50.6% | -14.5% |
| Market cap | $85.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.24% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $99.2B |
| Sector / category | Information Technology | ETF · Dividend |
VYM, Vanguard's Large Value fund, carries $99.2B under management, 604 holdings, a 0.04% expense ratio, a 2.24% trailing dividend yield.
Year-by-year returns
| Year | LITE | VYM |
|---|---|---|
| 2022 | -50.7% | -0.4% |
| 2023 | +0.5% | +6.6% |
| 2024 | +60.1% | +17.6% |
| 2025 | +339.1% | +15.4% |
| 2026 | +159.4% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LITE and VYM good diversifiers for each other?
Only partially. A correlation of 0.56 means LITE and VYM 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 VYM?
As of 2026-08-27, the correlation of weekly returns between LITE and VYM is 0.56 over 3 years, 0.48 over 1 year and 0.48 over 5 years.
Is VYM a good diversifier for LITE?
Only partially. A correlation of 0.56 means LITE and VYM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 mean?
A reading of 0.56 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: LITE correlations · VYM correlations
