COHR vs. LITE
COHR (Coherent Corp.) and LITE (Lumentum Holdings Inc.) are both stocks. Both are in the Technology sector — COHR in Scientific & Technical Instruments, LITE in Communication Equipment. Over the past 10 years, COHR returned 35.13%/yr vs 42.35%/yr for LITE. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
COHR vs. LITE - Performance Comparison
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Returns By Period
In the year-to-date period, COHR achieves a 106.54% return, which is significantly lower than LITE's 124.62% return. Over the past 10 years, COHR has underperformed LITE with an annualized return of 35.13%, while LITE has yielded a comparatively higher 42.35% annualized return.
COHR
- 1D
- -10.40%
- 1M
- 0.97%
- YTD
- 106.54%
- 6M
- 98.69%
- 1Y
- 372.74%
- 3Y*
- 101.34%
- 5Y*
- 39.83%
- 10Y*
- 35.13%
LITE
- 1D
- -7.38%
- 1M
- -12.57%
- YTD
- 124.62%
- 6M
- 113.71%
- 1Y
- 828.58%
- 3Y*
- 146.48%
- 5Y*
- 58.42%
- 10Y*
- 42.35%
COHR vs. LITE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COHR Coherent Corp. | 106.54% | 94.84% | 117.62% | 24.02% | -48.63% | -10.04% | 125.60% | 3.73% | -30.86% | 58.35% |
LITE Lumentum Holdings Inc. | 124.62% | 339.06% | 60.15% | 0.48% | -50.68% | 11.57% | 19.55% | 88.76% | -14.09% | 26.52% |
Correlation
The correlation between COHR and LITE is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2015 | 0.63 |
The correlation between COHR and LITE shifts across timeframes, from 0.63 (all time) to 0.74 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
COHR:
$1.64K
LITE:
$5.26
COHR:
0.23
LITE:
157.29
COHR:
0.02
LITE:
27.81
COHR:
$1.81T
LITE:
$2.49B
COHR:
$1.76B
LITE:
$938.50M
COHR:
$960.76M
LITE:
$470.10M
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Return for Risk
COHR vs. LITE — Risk / Return Rank
COHR
LITE
COHR vs. LITE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Coherent Corp. (COHR) 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.
| COHR | LITE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.60 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.65 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 14.17 | 29.16 | -14.99 |
| Martin ratioReturn relative to average drawdown | 38.49 | 101.39 | -62.90 |
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Drawdowns
COHR vs. LITE - Drawdown Comparison
The maximum COHR drawdown since its inception was -80.89%, which is greater than LITE's maximum drawdown of -66.89%. Use the drawdown chart below to compare losses from any high point for COHR and LITE.
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Drawdown Indicators
| COHR | LITE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.89% | -66.89% | -14.00% |
Max Drawdown (1Y)Largest decline over 1 year | -26.52% | -28.70% | +2.18% |
Max Drawdown (3Y)Largest decline over 3 years | -54.85% | -50.63% | -4.22% |
Max Drawdown (5Y)Largest decline over 5 years | -62.87% | -66.48% | +3.61% |
Max Drawdown (10Y)Largest decline over 10 years | -72.22% | -66.89% | -5.33% |
Current DrawdownCurrent decline from peak | -10.70% | -21.38% | +10.68% |
Average DrawdownAverage peak-to-trough decline | -35.00% | -23.56% | -11.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.74% | 8.24% | +1.50% |
Volatility
COHR vs. LITE - Volatility Comparison
Coherent Corp. (COHR) has a higher volatility of 31.81% compared to Lumentum Holdings Inc. (LITE) at 27.33%. This indicates that COHR's price experiences larger fluctuations and is considered to be riskier 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
| COHR | LITE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.81% | 27.33% | +4.48% |
Volatility (6M)Calculated over the trailing 6-month period | 58.94% | 69.19% | -10.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.47% | 87.42% | -11.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.10% | 60.27% | +1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.82% | 56.76% | +0.06% |
Dividends
COHR vs. LITE - Dividend Comparison
Neither COHR nor LITE has paid dividends to shareholders.
Financials
COHR vs. LITE - Financials Comparison
This section allows you to compare key financial metrics between Coherent Corp. 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
COHR vs. LITE - Profitability Comparison
COHR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Coherent Corp. reported a gross profit of 0.00 and revenue of 1.81T. Therefore, the gross margin over that period was 0.0%.
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%.
COHR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Coherent Corp. reported an operating income of 0.00 and revenue of 1.81T, resulting in an operating margin of 0.0%.
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%.
COHR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Coherent Corp. reported a net income of 191.40B and revenue of 1.81T, resulting in a net margin of 10.6%.
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
COHR and LITE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COHR has higher volatility (31.81%) compared to LITE (27.33%). In terms of maximum drawdown, COHR dropped -80.89% vs LITE's -66.89%.
LITE currently has the higher Sharpe Ratio (9.57 vs 4.98), 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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