KEEL vs. LITE

Last updated Jun 23, 2026

KEEL (Keel Infrastructure Corporation) and LITE (Lumentum Holdings Inc.) are both stocks. KEEL operates in Capital Markets (Financial Services), while LITE operates in Communication Equipment (Technology). Over the past 5 years, KEEL returned 9.14%/yr vs 61.67%/yr for LITE. At a 0.26 correlation, their price movements are largely independent.

Performance

KEEL vs. LITE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Keel Infrastructure Corporation (KEEL) 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, KEEL achieves a 183.40% return, which is significantly higher than LITE's 142.53% return.

KEEL

• 1D: 5.88%
• 1M: 38.46%
• YTD: 183.40%
• 6M: 147.58%
• 1Y: 757.81%
• 3Y*: 63.64%
• 5Y*: 9.14%
• 10Y*: —

LITE

• 1D: 5.17%
• 1M: -5.59%
• YTD: 142.53%
• 6M: 129.28%
• 1Y: 897.02%
• 3Y*: 152.86%
• 5Y*: 61.67%
• 10Y*: 43.45%

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

KEEL vs. LITE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
KEEL Keel Infrastructure Corporation	183.40%	57.72%	-48.80%	561.36%	-91.29%	165.79%	397.66%	-27.96%	-64.19%
LITE Lumentum Holdings Inc.	142.53%	339.06%	60.15%	0.48%	-50.68%	11.57%	19.55%	88.76%	-36.73%

Correlation

The correlation between KEEL and LITE is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (All Time) Calculated using the full available price history since Aug 28, 2018	0.26

The correlation between KEEL and LITE shifts across timeframes, from 0.15 (1 year) to 0.35 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap KEEL : $3.67B LITE : $86.00B
EPS KEEL : -$0.51 LITE : $5.26
PS Ratio KEEL : 16.11 LITE : 30.02
PB Ratio KEEL : 6.56 LITE : 28.92
Total Revenue (TTM) KEEL : $229.28M LITE : $2.49B
Gross Profit (TTM) KEEL : -$18.90M LITE : $938.50M
EBITDA (TTM) KEEL : -$149.60M LITE : $470.10M

Return for Risk

KEEL vs. LITE — Risk / Return Rank

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

KEEL

KEEL Risk / Return Rank: 97
KEEL Sharpe Ratio Rank: 99
KEEL Sortino Ratio Rank: 97
KEEL Omega Ratio Rank: 95
KEEL Calmar Ratio Rank: 98
KEEL Martin Ratio Rank: 95

LITE

LITE Risk / Return Rank: 99
LITE Sharpe Ratio Rank: 100
LITE Sortino Ratio Rank: 98
LITE Omega Ratio Rank: 97
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.

KEEL vs. LITE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Keel Infrastructure Corporation (KEEL) 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.

	KEEL	LITE	Difference
Sharpe ratio: Return per unit of total volatility	6.95	10.42	-3.47
Sortino ratio: Return per unit of downside risk	4.51	5.21	-0.70
Omega ratio: Gain probability vs. loss probability	1.55	1.68	-0.13
Calmar ratio: Return relative to maximum drawdown	10.39	31.57	-21.18
Martin ratio: Return relative to average drawdown	17.31	111.29	-93.98

KEEL vs. LITE - Sharpe Ratio Comparison

The current KEEL Sharpe Ratio is 6.95, which is lower than the LITE Sharpe Ratio of 10.42. The chart below compares the historical Sharpe Ratios of KEEL 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.

Drawdowns

KEEL vs. LITE - Drawdown Comparison

The maximum KEEL drawdown since its inception was -95.72%, which is greater than LITE's maximum drawdown of -66.89%. Use the drawdown chart below to compare losses from any high point for KEEL and LITE.

Drawdown Indicators

	KEEL	LITE	Difference
Max Drawdown Largest peak-to-trough decline	-95.72%	-66.89%	-28.83%
Max Drawdown (1Y) Largest decline over 1 year	-73.65%	-28.70%	-44.95%
Max Drawdown (3Y) Largest decline over 3 years	-81.04%	-50.63%	-30.41%
Max Drawdown (5Y) Largest decline over 5 years	-95.72%	-66.48%	-29.24%
Max Drawdown (10Y) Largest decline over 10 years	—	-66.89%	—
Current Drawdown Current decline from peak	-24.92%	-15.11%	-9.81%
Average Drawdown Average peak-to-trough decline	-67.41%	-23.56%	-43.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	44.11%	8.13%	+35.98%

Volatility

KEEL vs. LITE - Volatility Comparison

The current volatility for Keel Infrastructure Corporation (KEEL) is 25.35%, while Lumentum Holdings Inc. (LITE) has a volatility of 28.51%. This indicates that KEEL 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

	KEEL	LITE	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.35%	28.51%	-3.16%
Volatility (6M) Calculated over the trailing 6-month period	69.60%	68.81%	+0.79%
Volatility (1Y) Calculated over the trailing 1-year period	110.39%	87.18%	+23.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	104.92%	60.18%	+44.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	290.70%	56.72%	+233.98%

Dividends

KEEL vs. LITE - Dividend Comparison

Neither KEEL nor LITE has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both KEEL and LITE in my portfolio?

KEEL and LITE have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KEEL or LITE?

LITE has higher volatility (28.51%) compared to KEEL (25.35%). In terms of maximum drawdown, KEEL dropped -95.72% vs LITE's -66.89%.

Which has better risk-adjusted returns?

LITE currently has the higher Sharpe Ratio (10.42 vs 6.95), 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.