FOTO vs. LAZR

Last updated Aug 4, 2026

FOTO (Tuttle Capital Pure Play Photonics ETF) is Technology Equities fund actively managed by Tuttle, while LAZR (Luminar Technologies, Inc.) is a stock. Their 0.95 correlation means they have historically moved very closely together.

Performance

FOTO vs. LAZR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tuttle Capital Pure Play Photonics ETF (FOTO) and Luminar Technologies, Inc. (LAZR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FOTO

• 1D: 4.81%
• 1M: -7.92%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

LAZR

• 1D: 6.65%
• 1M: -5.73%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FOTO Tuttle Capital Pure Play Photonics ETF	$6.45M	$6.59M	$20.09M
LAZR Luminar Technologies, Inc.	$4.20M	$4.23M	$4.04M

FOTO vs. LAZR - Yearly Performance Comparison

	2026 (YTD)
FOTO Tuttle Capital Pure Play Photonics ETF	-16.31%
LAZR Luminar Technologies, Inc.	-20.16%

Correlation

The correlation between FOTO and LAZR is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 30, 2026	0.95

Return for Risk

FOTO vs. LAZR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tuttle Capital Pure Play Photonics ETF (FOTO) and Luminar Technologies, Inc. (LAZR). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

FOTO vs. LAZR - Drawdown Comparison

The maximum FOTO drawdown since its inception was -41.14%, which is greater than LAZR's maximum drawdown of -35.67%. Use the drawdown chart below to compare losses from any high point for FOTO and LAZR.

Drawdown Indicators

	FOTO	LAZR	Difference
Max Drawdown Largest peak-to-trough decline	-41.14%	-35.67%	-5.47%
Current Drawdown Current decline from peak	-30.07%	-21.05%	-9.02%
Average Drawdown Average peak-to-trough decline	-19.66%	-19.99%	+0.33%

Volatility

Volatility by Period

	FOTO	LAZR	Difference
Volatility (1Y) Calculated over the trailing 1-year period	80.72%	91.32%	-10.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	80.72%	91.32%	-10.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	80.72%	91.32%	-10.60%

Dividends

FOTO vs. LAZR - Dividend Comparison

Neither FOTO nor LAZR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FOTO and LAZR in my portfolio?

With a correlation of 0.95, FOTO and LAZR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.