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 28.55%/yr vs 37.52%/yr for LITE. Their 0.64 correlation means they have sometimes moved together and sometimes differently.
Performance
COHR vs. LITE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, COHR achieves a 42.43% return, which is significantly lower than LITE's 93.69% return. Over the past 10 years, COHR has underperformed LITE with an annualized return of 28.55%, while LITE has yielded a comparatively higher 37.52% annualized return.
COHR
- 1D
- 5.55%
- 1M
- -21.14%
- 6M
- 23.90%
- YTD
- 42.43%
- 1Y
- 155.75%
- 3Y*
- 77.59%
- 5Y*
- 30.37%
- 10Y*
- 28.55%
- ALL TIME*
- 19.25%
LITE
- 1D
- 2.99%
- 1M
- -1.97%
- 6M
- 82.20%
- YTD
- 93.69%
- 1Y
- 569.24%
- 3Y*
- 140.32%
- 5Y*
- 53.42%
- 10Y*
- 37.52%
- ALL TIME*
- 36.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
COHR Coherent Corp. | $1.31B | $1.37B | $2.05B |
| $3.39B | $3.22B | $4.79B |
COHR vs. LITE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COHR Coherent Corp. | 42.43% | 94.84% | 117.62% | 24.02% | -48.63% | -10.04% | 125.60% | 3.73% | -30.86% | 58.35% |
LITE Lumentum Holdings Inc. | 93.69% | 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 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.77 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2015 | 0.64 |
The correlation between COHR and LITE shifts across timeframes, from 0.64 (all time) to 0.77 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
COHR:
$51.43B
LITE:
$55.54B
COHR:
$1.85K
LITE:
$5.03
COHR:
0.14
LITE:
141.90
COHR:
0.02
LITE:
25.09
COHR:
$1.81T
LITE:
$2.49B
COHR:
$1.76B
LITE:
$938.50M
COHR:
$960.76M
LITE:
$470.10M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | -4.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.50 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 12.93 | -9.90 |
| Martin ratioReturn relative to average drawdown | 10.76 | 44.86 | -34.10 |
Loading charts...
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.
Loading charts...
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 | -47.98% | -42.80% | -5.18% |
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 | -38.42% | -32.21% | -6.21% |
Average DrawdownAverage peak-to-trough decline | -34.97% | -23.59% | -11.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.46% | 12.31% | +1.15% |
Volatility
COHR vs. LITE - Volatility Comparison
The current volatility for Coherent Corp. (COHR) is 29.28%, while Lumentum Holdings Inc. (LITE) has a volatility of 31.86%. This indicates that COHR 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.
Loading charts...
Volatility by Period
| COHR | LITE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.28% | 31.86% | -2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 64.16% | 70.58% | -6.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 81.08% | 93.02% | -11.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.47% | 61.98% | +1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.61% | 57.45% | +0.16% |
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 Aug 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 Aug 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 Aug 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 Aug 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 Aug 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 Aug 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 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LITE has higher volatility (31.86%) compared to COHR (29.28%). In terms of maximum drawdown, COHR dropped -80.89% vs LITE's -66.89%.
LITE currently has the higher Sharpe Ratio (5.95 vs 1.79), 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.
Find the right allocation for COHR and LITE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer