KOD vs. LITE
KOD (Kodiak Sciences Inc.) and LITE (Lumentum Holdings Inc.) are both stocks. KOD operates in Biotechnology (Healthcare), while LITE operates in Communication Equipment (Technology). Over the past 5 years, KOD returned -15.41%/yr vs 61.67%/yr for LITE. At a 0.22 correlation, their price movements are largely independent.
Performance
KOD vs. LITE - Performance Comparison
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Returns By Period
In the year-to-date period, KOD achieves a 31.01% return, which is significantly lower than LITE's 142.53% return.
KOD
- 1D
- 1.36%
- 1M
- 1.10%
- YTD
- 31.01%
- 6M
- 28.03%
- 1Y
- 911.88%
- 3Y*
- 71.67%
- 5Y*
- -15.41%
- 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%
KOD vs. LITE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
KOD Kodiak Sciences Inc. | 31.01% | 181.01% | 227.30% | -57.54% | -91.55% | -42.29% | 104.18% | 913.38% | -29.00% |
LITE Lumentum Holdings Inc. | 142.53% | 339.06% | 60.15% | 0.48% | -50.68% | 11.57% | 19.55% | 88.76% | -31.31% |
Correlation
The correlation between KOD and LITE is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2018 | 0.22 |
The correlation between KOD and LITE shifts across timeframes, from 0.03 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
Fundamentals
KOD:
-$4.11
LITE:
$5.26
KOD:
$0.00
LITE:
$2.49B
KOD:
-$26.49M
LITE:
$938.50M
KOD:
-$190.85M
LITE:
$470.10M
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Return for Risk
KOD vs. LITE — Risk / Return Rank
KOD
LITE
KOD vs. LITE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kodiak Sciences Inc. (KOD) 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.
| KOD | LITE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.68 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 25.42 | 31.57 | -6.15 |
| Martin ratioReturn relative to average drawdown | 60.51 | 111.29 | -50.78 |
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Drawdowns
KOD vs. LITE - Drawdown Comparison
The maximum KOD drawdown since its inception was -99.15%, which is greater than LITE's maximum drawdown of -66.89%. Use the drawdown chart below to compare losses from any high point for KOD and LITE.
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Drawdown Indicators
| KOD | LITE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.15% | -66.89% | -32.26% |
Max Drawdown (1Y)Largest decline over 1 year | -36.24% | -28.70% | -7.54% |
Max Drawdown (3Y)Largest decline over 3 years | -81.31% | -50.63% | -30.68% |
Max Drawdown (5Y)Largest decline over 5 years | -98.91% | -66.48% | -32.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.89% | — |
Current DrawdownCurrent decline from peak | -77.73% | -15.11% | -62.62% |
Average DrawdownAverage peak-to-trough decline | -64.00% | -23.56% | -40.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.19% | 8.13% | +7.06% |
Volatility
KOD vs. LITE - Volatility Comparison
The current volatility for Kodiak Sciences Inc. (KOD) is 21.34%, while Lumentum Holdings Inc. (LITE) has a volatility of 28.51%. This indicates that KOD 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
| KOD | LITE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.34% | 28.51% | -7.17% |
Volatility (6M)Calculated over the trailing 6-month period | 78.28% | 68.81% | +9.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 136.25% | 87.18% | +49.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 109.21% | 60.18% | +49.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 104.05% | 56.72% | +47.33% |
Dividends
KOD vs. LITE - Dividend Comparison
Neither KOD nor LITE has paid dividends to shareholders.
Financials
KOD vs. LITE - Financials Comparison
This section allows you to compare key financial metrics between Kodiak Sciences Inc. 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
Frequently Asked Questions
KOD and LITE have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LITE has higher volatility (28.51%) compared to KOD (21.34%). In terms of maximum drawdown, KOD dropped -99.15% vs LITE's -66.89%.
LITE currently has the higher Sharpe Ratio (10.42 vs 6.77), 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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