CMTL vs. LPTH
CMTL (Comtech Telecommunications Corp.) and LPTH (LightPath Technologies, Inc.) are both stocks. Both are in the Technology sector — CMTL in Communication Equipment, LPTH in Electronic Components. Over the past 10 years, CMTL returned -10.16%/yr vs 22.79%/yr for LPTH. At a 0.11 correlation, their price movements are largely independent.
Performance
CMTL vs. LPTH - Performance Comparison
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Returns By Period
In the year-to-date period, CMTL achieves a -8.70% return, which is significantly lower than LPTH's 32.04% return. Over the past 10 years, CMTL has underperformed LPTH with an annualized return of -10.16%, while LPTH has yielded a comparatively higher 22.79% annualized return.
CMTL
- 1D
- 5.23%
- 1M
- 28.46%
- YTD
- -8.70%
- 6M
- 57.84%
- 1Y
- 147.69%
- 3Y*
- -19.36%
- 5Y*
- -25.24%
- 10Y*
- -10.16%
LPTH
- 1D
- -8.82%
- 1M
- 23.78%
- YTD
- 32.04%
- 6M
- 76.05%
- 1Y
- 360.00%
- 3Y*
- 116.77%
- 5Y*
- 38.88%
- 10Y*
- 22.79%
CMTL vs. LPTH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMTL Comtech Telecommunications Corp. | -8.70% | 31.92% | -52.43% | -30.04% | -47.10% | 16.52% | -40.46% | 48.02% | 11.56% | 91.66% |
LPTH LightPath Technologies, Inc. | 32.04% | 205.95% | 180.16% | 3.28% | -50.00% | -37.76% | 440.69% | -51.34% | -32.88% | 44.16% |
Correlation
The correlation between CMTL and LPTH is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 1996 | 0.11 |
The correlation between CMTL and LPTH shifts across timeframes, from 0.11 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
CMTL:
$144.05M
LPTH:
$836.05M
CMTL:
-$680.48K
LPTH:
-$85.64K
CMTL:
0.00
LPTH:
0.00
CMTL:
$106.76T
LPTH:
$19.15T
CMTL:
$36.22T
LPTH:
$6.96T
CMTL:
$4.11T
LPTH:
-$4.25T
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Return for Risk
CMTL vs. LPTH — Risk / Return Rank
CMTL
LPTH
CMTL vs. LPTH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Comtech Telecommunications Corp. (CMTL) and LightPath Technologies, Inc. (LPTH). 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.
| CMTL | LPTH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.40 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 10.18 | -7.53 |
| Martin ratioReturn relative to average drawdown | 6.20 | 23.51 | -17.30 |
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Drawdowns
CMTL vs. LPTH - Drawdown Comparison
The maximum CMTL drawdown since its inception was -96.69%, roughly equal to the maximum LPTH drawdown of -99.65%. Use the drawdown chart below to compare losses from any high point for CMTL and LPTH.
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Drawdown Indicators
| CMTL | LPTH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.69% | -99.65% | +2.96% |
Max Drawdown (1Y)Largest decline over 1 year | -49.67% | -40.52% | -9.15% |
Max Drawdown (3Y)Largest decline over 3 years | -90.21% | -61.08% | -29.13% |
Max Drawdown (5Y)Largest decline over 5 years | -95.27% | -64.66% | -30.61% |
Max Drawdown (10Y)Largest decline over 10 years | -96.42% | -86.28% | -10.14% |
Current DrawdownCurrent decline from peak | -87.19% | -78.17% | -9.02% |
Average DrawdownAverage peak-to-trough decline | -47.45% | -86.30% | +38.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.22% | 17.52% | +3.70% |
Volatility
CMTL vs. LPTH - Volatility Comparison
The current volatility for Comtech Telecommunications Corp. (CMTL) is 30.64%, while LightPath Technologies, Inc. (LPTH) has a volatility of 37.05%. This indicates that CMTL experiences smaller price fluctuations and is considered to be less risky than LPTH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMTL | LPTH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.64% | 37.05% | -6.41% |
Volatility (6M)Calculated over the trailing 6-month period | 66.78% | 83.89% | -17.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 83.12% | 115.53% | -32.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.21% | 83.02% | +7.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.86% | 79.57% | -5.71% |
Dividends
CMTL vs. LPTH - Dividend Comparison
Neither CMTL nor LPTH has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMTL Comtech Telecommunications Corp. | 0.00% | 0.00% | 0.00% | 1.19% | 3.29% | 1.69% | 1.93% | 1.13% | 1.64% | 1.81% | 10.13% | 5.97% |
LPTH LightPath Technologies, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
CMTL vs. LPTH - Financials Comparison
This section allows you to compare key financial metrics between Comtech Telecommunications Corp. and LightPath Technologies, 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
CMTL vs. LPTH - Profitability Comparison
CMTL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Comtech Telecommunications Corp. reported a gross profit of 36.22T and revenue of 106.76T. Therefore, the gross margin over that period was 33.9%.
LPTH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, LightPath Technologies, Inc. reported a gross profit of 6.96T and revenue of 19.15T. Therefore, the gross margin over that period was 36.3%.
CMTL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Comtech Telecommunications Corp. reported an operating income of 4.11T and revenue of 106.76T, resulting in an operating margin of 3.9%.
LPTH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, LightPath Technologies, Inc. reported an operating income of -4.25T and revenue of 19.15T, resulting in an operating margin of -22.2%.
CMTL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Comtech Telecommunications Corp. reported a net income of -20.16T and revenue of 106.76T, resulting in a net margin of -18.9%.
LPTH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, LightPath Technologies, Inc. reported a net income of -4.11T and revenue of 19.15T, resulting in a net margin of -21.4%.
Frequently Asked Questions
CMTL and LPTH have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LPTH has higher volatility (37.05%) compared to CMTL (30.64%). In terms of maximum drawdown, CMTL dropped -96.69% vs LPTH's -99.65%.
LPTH currently has the higher Sharpe Ratio (3.57 vs 1.59), 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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