LITE correlations (Lumentum)
Which assets move with LITE and which ones diversify it, computed from weekly returns across 4756 stocks and ETFs.
Data as of 2026-08-27 · refreshed every trading day · Information Technology · Communications Equipment
Volatility (ann.)
65.5%
3y weekly
Beta vs S&P 500
2.36
3y weekly
1-year return
+659.8%
price, adjusted
5-year return
+998.1%
price, adjusted
Market cap
$85.8B
latest
Max drawdown
-50.6%
3y, daily closes
LITE over the last 12 months, weekly closes indexed to 100 at the start.
Stocks and ETFs most correlated with LITE
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| COHR | Coherent Corp. | 0.68 | |
| ITT | ITT Inc. | 0.60 | |
| CIEN | Ciena | 0.58 | |
| MDY | SPDR S&P MidCap 400 ETF | 0.58 | |
| KEYS | Keysight Technologies | 0.58 | |
| FN | Fabrinet | 0.57 | |
| AEIS | Advanced Energy Industries, Inc. | 0.57 | |
| JCI | Johnson Controls | 0.56 | |
| VYM | Vanguard High Dividend Yield ETF | 0.56 | |
| C | Citigroup | 0.55 | |
| VIAV | Viavi Solutions Inc. | 0.55 | |
| MOD | Modine Manufacturing Company | 0.55 | |
| MKSI | MKS Inc. | 0.55 | |
| NVT | nVent Electric plc | 0.54 | |
| VTI | Vanguard Total Stock Market ETF | 0.54 |
Best diversifiers for LITE
The least-correlated liquid assets in our universe, meaning the ones that historically moved most independently from LITE.
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.52 | |
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | -0.46 | |
| FNGD | MicroSectors FANG Index -3X Inverse Leveraged ETNs due | -0.36 | |
| TRI | Thomson Reuters Corp | -0.23 | |
| MATH | Metalpha Technology Holding Limited | -0.19 | |
| MOBX | Mobix Labs, Inc. | -0.19 | |
| SMTK | SmartKem, Inc. | -0.18 | |
| EJH | E-Home Household Service Holdings Limited | -0.18 | |
| MOH | Molina Healthcare Inc | -0.17 | |
| PHGE | BiomX Inc. | -0.16 |
LITE vs benchmarks
LITE vs its peers
Get LITE data as JSON
$ curl https://www.pairbook.io/api/v1/symbols/lite.jsonCorrelations, diversifiers, beta and volatility for LITE, plus one endpoint per pair. API documentation.
LITE inside major ETFs
| ETF | LITE weight | |
|---|---|---|
| MTUM | iShares MSCI USA Momentum Factor ETF | 0.78% |
| XLK | Technology Select Sector SPDR Fund | 0.49% |
| QQQ | Invesco QQQ Trust | 0.32% |
| QQQM | Invesco Nasdaq 100 ETF | 0.32% |
| RSP | Invesco S&P 500 Equal Weight ETF | 0.21% |
| SPYG | SPDR Portfolio S&P 500 Growth ETF | 0.2% |
| VUG | Vanguard Growth ETF | 0.17% |
| IVV | iShares Core S&P 500 ETF | 0.11% |
| SPY | SPDR S&P 500 ETF Trust | 0.11% |
| VOO | Vanguard S&P 500 ETF | 0.09% |
