AXSM vs. LITE
AXSM (Axsome Therapeutics, Inc.) and LITE (Lumentum Holdings Inc.) are both stocks. AXSM operates in Biotechnology (Healthcare), while LITE operates in Communication Equipment (Technology). Over the past 10 years, AXSM returned 44.70%/yr vs 43.74%/yr for LITE. At a 0.20 correlation, their price movements are largely independent.
Performance
AXSM vs. LITE - Performance Comparison
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Returns By Period
In the year-to-date period, AXSM achieves a 39.71% return, which is significantly lower than LITE's 150.02% return. Both investments have delivered pretty close results over the past 10 years, with AXSM having a 44.70% annualized return and LITE not far behind at 43.74%.
AXSM
- 1D
- 0.55%
- 1M
- 12.05%
- YTD
- 39.71%
- 6M
- 72.21%
- 1Y
- 145.12%
- 3Y*
- 50.48%
- 5Y*
- 30.90%
- 10Y*
- 44.70%
LITE
- 1D
- 3.59%
- 1M
- -5.06%
- YTD
- 150.02%
- 6M
- 184.13%
- 1Y
- 1,017.52%
- 3Y*
- 158.28%
- 5Y*
- 62.72%
- 10Y*
- 43.74%
AXSM vs. LITE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AXSM Axsome Therapeutics, Inc. | 39.71% | 115.86% | 6.31% | 3.19% | 104.16% | -53.63% | -21.18% | 3,565.25% | -49.64% | -17.04% |
LITE Lumentum Holdings Inc. | 150.02% | 339.06% | 60.15% | 0.48% | -50.68% | 11.57% | 19.55% | 88.76% | -14.09% | 26.52% |
Correlation
The correlation between AXSM and LITE is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2015 | 0.20 |
The correlation between AXSM and LITE shifts across timeframes, from 0.09 (1 year) to 0.20 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
AXSM:
$13.06B
LITE:
$88.65B
AXSM:
-$3.74
LITE:
$5.26
AXSM:
18.13
LITE:
30.95
AXSM:
239.33
LITE:
29.82
AXSM:
$708.24M
LITE:
$2.49B
AXSM:
$655.82M
LITE:
$938.50M
AXSM:
-$172.72M
LITE:
$470.10M
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Return for Risk
AXSM vs. LITE — Risk / Return Rank
AXSM
LITE
AXSM vs. LITE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Axsome Therapeutics, Inc. (AXSM) and Lumentum Holdings Inc. (LITE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AXSM | LITE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.71 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 7.62 | 34.43 | -26.80 |
| Martin ratioReturn relative to average drawdown | 22.44 | 126.26 | -103.83 |
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Drawdowns
AXSM vs. LITE - Drawdown Comparison
The maximum AXSM drawdown since its inception was -86.65%, which is greater than LITE's maximum drawdown of -66.89%. Use the drawdown chart below to compare losses from any high point for AXSM and LITE.
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Drawdown Indicators
| AXSM | LITE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.65% | -66.89% | -19.76% |
Max Drawdown (1Y)Largest decline over 1 year | -18.50% | -28.70% | +10.20% |
Max Drawdown (3Y)Largest decline over 3 years | -36.45% | -50.63% | +14.18% |
Max Drawdown (5Y)Largest decline over 5 years | -72.91% | -66.48% | -6.43% |
Max Drawdown (10Y)Largest decline over 10 years | -81.26% | -66.89% | -14.37% |
Current DrawdownCurrent decline from peak | 0.00% | -12.49% | +12.49% |
Average DrawdownAverage peak-to-trough decline | -39.47% | -23.57% | -15.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.31% | 7.81% | -1.50% |
Volatility
AXSM vs. LITE - Volatility Comparison
The current volatility for Axsome Therapeutics, Inc. (AXSM) is 9.24%, while Lumentum Holdings Inc. (LITE) has a volatility of 28.12%. This indicates that AXSM experiences smaller price fluctuations and is considered to be less risky than LITE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AXSM | LITE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.24% | 28.12% | -18.88% |
Volatility (6M)Calculated over the trailing 6-month period | 33.14% | 69.73% | -36.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.89% | 86.47% | -44.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.25% | 59.94% | +10.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.53% | 56.62% | +33.91% |
Dividends
AXSM vs. LITE - Dividend Comparison
Neither AXSM nor LITE has paid dividends to shareholders.
Financials
AXSM vs. LITE - Financials Comparison
This section allows you to compare key financial metrics between Axsome Therapeutics, Inc. and Lumentum Holdings Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AXSM vs. LITE - Profitability Comparison
AXSM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Axsome Therapeutics, Inc. reported a gross profit of 176.48M and revenue of 191.20M. Therefore, the gross margin over that period was 92.3%.
LITE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lumentum Holdings Inc. reported a gross profit of 357.00M and revenue of 808.40M. Therefore, the gross margin over that period was 44.2%.
AXSM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Axsome Therapeutics, Inc. reported an operating income of -63.36M and revenue of 191.20M, resulting in an operating margin of -33.1%.
LITE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lumentum Holdings Inc. reported an operating income of 174.50M and revenue of 808.40M, resulting in an operating margin of 21.6%.
AXSM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Axsome Therapeutics, Inc. reported a net income of -64.54M and revenue of 191.20M, resulting in a net margin of -33.8%.
LITE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lumentum Holdings Inc. reported a net income of 144.20M and revenue of 808.40M, resulting in a net margin of 17.8%.
Frequently Asked Questions
AXSM and LITE have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LITE has higher volatility (28.12%) compared to AXSM (9.24%). In terms of maximum drawdown, AXSM dropped -86.65% vs LITE's -66.89%.
LITE currently has the higher Sharpe Ratio (11.43 vs 3.37), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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