ESLT vs. LITE
ESLT (Elbit Systems Ltd) and LITE (Lumentum Holdings Inc.) are both stocks. ESLT operates in Aerospace & Defense (Industrials), while LITE operates in Communication Equipment (Technology). Over the past 10 years, ESLT returned 25.96%/yr vs 43.30%/yr for LITE. At a 0.19 correlation, their price movements are largely independent.
Performance
ESLT vs. LITE - Performance Comparison
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Returns By Period
In the year-to-date period, ESLT achieves a 43.85% return, which is significantly lower than LITE's 142.93% return. Over the past 10 years, ESLT has underperformed LITE with an annualized return of 25.96%, while LITE has yielded a comparatively higher 43.30% annualized return.
ESLT
- 1D
- 0.83%
- 1M
- 6.13%
- YTD
- 43.85%
- 6M
- 71.50%
- 1Y
- 98.59%
- 3Y*
- 60.25%
- 5Y*
- 45.92%
- 10Y*
- 25.96%
LITE
- 1D
- 3.68%
- 1M
- -0.93%
- YTD
- 142.93%
- 6M
- 161.38%
- 1Y
- 999.19%
- 3Y*
- 159.80%
- 5Y*
- 62.02%
- 10Y*
- 43.30%
ESLT vs. LITE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ESLT Elbit Systems Ltd | 43.85% | 125.14% | 22.17% | 31.30% | -4.82% | 34.77% | -14.56% | 37.62% | -13.22% | 32.65% |
LITE Lumentum Holdings Inc. | 142.93% | 339.06% | 60.15% | 0.48% | -50.68% | 11.57% | 19.55% | 88.76% | -14.09% | 26.52% |
Correlation
The correlation between ESLT and LITE is 0.00, 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 | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2015 | 0.19 |
The correlation between ESLT and LITE shifts across timeframes, from 0.00 (1 year) to 0.20 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
ESLT:
$39.95B
LITE:
$86.14B
ESLT:
$12.36
LITE:
$5.26
ESLT:
67.15
LITE:
170.11
ESLT:
4.80
LITE:
30.07
ESLT:
9.38
LITE:
28.97
ESLT:
$8.23B
LITE:
$2.49B
ESLT:
$2.03B
LITE:
$938.50M
ESLT:
$861.06M
LITE:
$470.10M
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Return for Risk
ESLT vs. LITE — Risk / Return Rank
ESLT
LITE
ESLT vs. LITE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Elbit Systems Ltd (ESLT) 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.
| ESLT | LITE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -9.41 | ||
| Sortino ratioReturn per unit of downside risk | -2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.73 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 3.82 | 35.18 | -31.36 |
| Martin ratioReturn relative to average drawdown | 10.82 | 134.51 | -123.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ESLT | LITE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.35 | 11.76 | -9.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.39 | 1.04 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 0.77 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.75 | -0.13 |
Drawdowns
ESLT vs. LITE - Drawdown Comparison
The maximum ESLT drawdown since its inception was -53.79%, smaller than the maximum LITE drawdown of -66.89%. Use the drawdown chart below to compare losses from any high point for ESLT and LITE.
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Drawdown Indicators
| ESLT | LITE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.79% | -66.89% | +13.10% |
Max Drawdown (1Y)Largest decline over 1 year | -25.98% | -28.70% | +2.72% |
Max Drawdown (3Y)Largest decline over 3 years | -25.98% | -50.63% | +24.65% |
Max Drawdown (5Y)Largest decline over 5 years | -32.89% | -66.48% | +33.59% |
Max Drawdown (10Y)Largest decline over 10 years | -32.89% | -66.89% | +34.00% |
Current DrawdownCurrent decline from peak | -18.07% | -14.97% | -3.10% |
Average DrawdownAverage peak-to-trough decline | -13.92% | -23.16% | +9.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.14% | 7.49% | +1.65% |
Volatility
ESLT vs. LITE - Volatility Comparison
The current volatility for Elbit Systems Ltd (ESLT) is 15.36%, while Lumentum Holdings Inc. (LITE) has a volatility of 31.18%. This indicates that ESLT 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
| ESLT | LITE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.36% | 31.18% | -15.82% |
Volatility (6M)Calculated over the trailing 6-month period | 33.61% | 69.07% | -35.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.26% | 86.01% | -43.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.13% | 59.79% | -26.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.13% | 56.55% | -27.42% |
Dividends
ESLT vs. LITE - Dividend Comparison
ESLT's dividend yield for the trailing twelve months is around 0.37%, while LITE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESLT Elbit Systems Ltd | 0.37% | 0.47% | 0.77% | 0.94% | 1.22% | 1.03% | 1.28% | 1.14% | 1.54% | 1.32% | 1.57% | 1.63% |
LITE Lumentum Holdings 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
ESLT vs. LITE - Financials Comparison
This section allows you to compare key financial metrics between Elbit Systems Ltd 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
ESLT vs. LITE - Profitability Comparison
ESLT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Elbit Systems Ltd reported a gross profit of 552.06M and revenue of 2.19B. Therefore, the gross margin over that period was 25.2%.
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%.
ESLT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Elbit Systems Ltd reported an operating income of 205.13M and revenue of 2.19B, resulting in an operating margin of 9.4%.
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%.
ESLT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Elbit Systems Ltd reported a net income of 160.79M and revenue of 2.19B, resulting in a net margin of 7.4%.
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
ESLT and LITE have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LITE has higher volatility (31.18%) compared to ESLT (15.36%). In terms of maximum drawdown, ESLT dropped -53.79% vs LITE's -66.89%.
LITE currently has the higher Sharpe Ratio (11.76 vs 2.35), 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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