CLSK vs. LITE

Last updated Jun 17, 2026

CLSK (CleanSpark, Inc.) and LITE (Lumentum Holdings Inc.) are both stocks. CLSK operates in Capital Markets (Financial Services), while LITE operates in Communication Equipment (Technology). Over the past 10 years, CLSK returned -5.38%/yr vs 42.72%/yr for LITE. At a 0.22 correlation, their price movements are largely independent.

Performance

CLSK vs. LITE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CleanSpark, Inc. (CLSK) and Lumentum Holdings Inc. (LITE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CLSK achieves a 70.55% return, which is significantly lower than LITE's 137.49% return. Over the past 10 years, CLSK has underperformed LITE with an annualized return of -5.38%, while LITE has yielded a comparatively higher 42.72% annualized return.

CLSK

• 1D: 0.70%
• 1M: 31.66%
• YTD: 70.55%
• 6M: 45.53%
• 1Y: 79.42%
• 3Y*: 64.46%
• 5Y*: -2.76%
• 10Y*: -5.38%

LITE

• 1D: -8.55%
• 1M: -9.82%
• YTD: 137.49%
• 6M: 176.88%
• 1Y: 920.47%
• 3Y*: 147.41%
• 5Y*: 60.91%
• 10Y*: 42.72%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CLSK vs. LITE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CLSK CleanSpark, Inc.	70.55%	9.88%	-16.50%	440.69%	-78.57%	-67.23%	442.99%	-73.90%	-15.98%	-30.29%
LITE Lumentum Holdings Inc.	137.49%	339.06%	60.15%	0.48%	-50.68%	11.57%	19.55%	88.76%	-14.09%	26.52%

Correlation

The correlation between CLSK and LITE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (10Y) Calculated over the trailing 10-year period	0.22
Correlation (All Time) Calculated using the full available price history since Jan 29, 2016	0.22

The correlation between CLSK and LITE shifts across timeframes, from 0.13 (1 year) to 0.34 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS CLSK : -$2.24 LITE : $5.26
PS Ratio CLSK : 5.22 LITE : 29.40
Total Revenue (TTM) CLSK : $739.88M LITE : $2.49B
Gross Profit (TTM) CLSK : $306.93M LITE : $938.50M
EBITDA (TTM) CLSK : -$103.41M LITE : $470.10M

Return for Risk

CLSK vs. LITE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CLSK

CLSK Risk / Return Rank: 67
CLSK Sharpe Ratio Rank: 70
CLSK Sortino Ratio Rank: 71
CLSK Omega Ratio Rank: 66
CLSK Calmar Ratio Rank: 66
CLSK Martin Ratio Rank: 61

LITE

LITE Risk / Return Rank: 99
LITE Sharpe Ratio Rank: 100
LITE Sortino Ratio Rank: 98
LITE Omega Ratio Rank: 97
LITE Calmar Ratio Rank: 100
LITE Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CLSK vs. LITE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CleanSpark, Inc. (CLSK) 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.

	CLSK	LITE	Difference
Sharpe ratio: Return per unit of total volatility	0.90	10.71	-9.81
Sortino ratio: Return per unit of downside risk	1.72	5.26	-3.55
Omega ratio: Gain probability vs. loss probability	1.20	1.69	-0.49
Calmar ratio: Return relative to maximum drawdown	1.23	32.40	-31.17
Martin ratio: Return relative to average drawdown	2.04	117.44	-115.40

CLSK vs. LITE - Sharpe Ratio Comparison

The current CLSK Sharpe Ratio is 0.90, which is lower than the LITE Sharpe Ratio of 10.71. The chart below compares the historical Sharpe Ratios of CLSK and LITE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CLSK vs. LITE - Drawdown Comparison

The maximum CLSK drawdown since its inception was -98.56%, which is greater than LITE's maximum drawdown of -66.89%. Use the drawdown chart below to compare losses from any high point for CLSK and LITE.

Drawdown Indicators

	CLSK	LITE	Difference
Max Drawdown Largest peak-to-trough decline	-98.56%	-66.89%	-31.67%
Max Drawdown (1Y) Largest decline over 1 year	-64.74%	-28.70%	-36.04%
Max Drawdown (3Y) Largest decline over 3 years	-71.28%	-50.63%	-20.65%
Max Drawdown (5Y) Largest decline over 5 years	-92.00%	-66.48%	-25.52%
Max Drawdown (10Y) Largest decline over 10 years	-98.56%	-66.89%	-31.67%
Current Drawdown Current decline from peak	-76.36%	-16.88%	-59.48%
Average Drawdown Average peak-to-trough decline	-69.76%	-23.56%	-46.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.02%	7.90%	+31.12%

Volatility

CLSK vs. LITE - Volatility Comparison

The current volatility for CleanSpark, Inc. (CLSK) is 22.12%, while Lumentum Holdings Inc. (LITE) has a volatility of 29.53%. This indicates that CLSK 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.

Volatility by Period

	CLSK	LITE	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.12%	29.53%	-7.41%
Volatility (6M) Calculated over the trailing 6-month period	62.59%	68.94%	-6.35%
Volatility (1Y) Calculated over the trailing 1-year period	88.76%	86.89%	+1.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	100.80%	60.11%	+40.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	183.30%	56.69%	+126.61%

Dividends

CLSK vs. LITE - Dividend Comparison

Neither CLSK nor LITE has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both CLSK and LITE in my portfolio?

CLSK and LITE have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CLSK or LITE?

LITE has higher volatility (29.53%) compared to CLSK (22.12%). In terms of maximum drawdown, CLSK dropped -98.56% vs LITE's -66.89%.

Which has better risk-adjusted returns?

LITE currently has the higher Sharpe Ratio (10.71 vs 0.90), 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.