FIVE vs. LITE

Last updated Jun 9, 2026

FIVE (Five Below, Inc.) and LITE (Lumentum Holdings Inc.) are both stocks. FIVE operates in Specialty Retail (Consumer Cyclical), while LITE operates in Communication Equipment (Technology). Over the past 10 years, FIVE returned 15.35%/yr vs 43.30%/yr for LITE. At a 0.25 correlation, their price movements are largely independent.

Performance

FIVE vs. LITE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Five Below, Inc. (FIVE) 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, FIVE achieves a -0.99% return, which is significantly lower than LITE's 142.93% return. Over the past 10 years, FIVE has underperformed LITE with an annualized return of 15.35%, while LITE has yielded a comparatively higher 43.30% annualized return.

FIVE

• 1D: -2.09%
• 1M: -16.42%
• YTD: -0.99%
• 6M: 6.80%
• 1Y: 46.44%
• 3Y*: 0.23%
• 5Y*: 0.09%
• 10Y*: 15.35%

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%

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

FIVE vs. LITE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIVE Five Below, Inc.	-0.99%	79.46%	-50.76%	20.52%	-14.51%	18.24%	36.85%	24.96%	54.28%	65.97%
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 FIVE and LITE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (10Y) Calculated over the trailing 10-year period	0.27
Correlation (All Time) Calculated using the full available price history since Aug 5, 2015	0.25

Fundamentals

Market Cap FIVE : $10.37B LITE : $86.14B
EPS FIVE : $7.93 LITE : $5.26
PE Ratio FIVE : 23.51 LITE : 170.11
PS Ratio FIVE : 2.04 LITE : 30.07
PB Ratio FIVE : 4.48 LITE : 28.97
Total Revenue (TTM) FIVE : $5.08B LITE : $2.49B
Gross Profit (TTM) FIVE : $1.77B LITE : $938.50M
EBITDA (TTM) FIVE : $757.48M LITE : $470.10M

Return for Risk

FIVE vs. LITE — Risk / Return Rank

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

FIVE

FIVE Risk / Return Rank: 76
FIVE Sharpe Ratio Rank: 77
FIVE Sortino Ratio Rank: 71
FIVE Omega Ratio Rank: 72
FIVE Calmar Ratio Rank: 74
FIVE Martin Ratio Rank: 85

LITE

LITE Risk / Return Rank: 99
LITE Sharpe Ratio Rank: 100
LITE Sortino Ratio Rank: 98
LITE Omega Ratio Rank: 98
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.

FIVE vs. LITE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Five Below, Inc. (FIVE) 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.

	FIVE	LITE	Difference
Sharpe ratio: Return per unit of total volatility	1.20	11.76	-10.57
Sortino ratio: Return per unit of downside risk	1.72	5.52	-3.80
Omega ratio: Gain probability vs. loss probability	1.23	1.73	-0.50
Calmar ratio: Return relative to maximum drawdown	1.89	35.18	-33.29
Martin ratio: Return relative to average drawdown	8.48	134.51	-126.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIVE vs. LITE - Sharpe Ratio Comparison

The current FIVE Sharpe Ratio is 1.20, which is lower than the LITE Sharpe Ratio of 11.76. The chart below compares the historical Sharpe Ratios of FIVE 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.

Sharpe Ratios by Period

	FIVE	LITE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.20	11.76	-10.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.00	1.04	-1.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	0.77	-0.43
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.75	-0.41

Drawdowns

FIVE vs. LITE - Drawdown Comparison

The maximum FIVE drawdown since its inception was -76.40%, which is greater than LITE's maximum drawdown of -66.89%. Use the drawdown chart below to compare losses from any high point for FIVE and LITE.

Drawdown Indicators

	FIVE	LITE	Difference
Max Drawdown Largest peak-to-trough decline	-76.40%	-66.89%	-9.51%
Max Drawdown (1Y) Largest decline over 1 year	-24.71%	-28.70%	+3.99%
Max Drawdown (3Y) Largest decline over 3 years	-74.13%	-50.63%	-23.50%
Max Drawdown (5Y) Largest decline over 5 years	-76.40%	-66.48%	-9.92%
Max Drawdown (10Y) Largest decline over 10 years	-76.40%	-66.89%	-9.51%
Current Drawdown Current decline from peak	-24.71%	-14.97%	-9.74%
Average Drawdown Average peak-to-trough decline	-23.20%	-23.16%	-0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.50%	7.49%	-1.99%

Volatility

FIVE vs. LITE - Volatility Comparison

The current volatility for Five Below, Inc. (FIVE) is 18.13%, while Lumentum Holdings Inc. (LITE) has a volatility of 31.18%. This indicates that FIVE 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

	FIVE	LITE	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.13%	31.18%	-13.05%
Volatility (6M) Calculated over the trailing 6-month period	29.44%	69.07%	-39.63%
Volatility (1Y) Calculated over the trailing 1-year period	39.05%	86.01%	-46.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.93%	59.79%	-11.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.13%	56.55%	-10.42%

Dividends

FIVE vs. LITE - Dividend Comparison

Neither FIVE nor LITE has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

FIVE vs. LITE - Profitability Comparison

The chart below illustrates the profitability comparison between Five Below, Inc. and Lumentum Holdings Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

FIVE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Five Below, Inc. reported a gross profit of 427.52M and revenue of 1.29B. Therefore, the gross margin over that period was 33.3%.

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%.

FIVE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Five Below, Inc. reported an operating income of 154.24M and revenue of 1.29B, resulting in an operating margin of 12.0%.

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%.

FIVE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Five Below, Inc. reported a net income of 123.06M and revenue of 1.29B, resulting in a net margin of 9.6%.

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

Can I hold both FIVE and LITE in my portfolio?

FIVE and LITE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIVE or LITE?

LITE has higher volatility (31.18%) compared to FIVE (18.13%). In terms of maximum drawdown, FIVE dropped -76.40% vs LITE's -66.89%.

Which has better risk-adjusted returns?

LITE currently has the higher Sharpe Ratio (11.76 vs 1.20), 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.