LASR vs. SITM
LASR (nLIGHT, Inc.) and SITM (SiTime Corporation) are both stocks. Both operate in the Semiconductors industry within the Technology sector. Over the past 5 years, LASR returned 15.04%/yr vs 39.57%/yr for SITM. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
LASR vs. SITM - Performance Comparison
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Returns By Period
In the year-to-date period, LASR achieves a 77.13% return, which is significantly lower than SITM's 100.15% return.
LASR
- 1D
- 1.90%
- 1M
- -15.41%
- YTD
- 77.13%
- 6M
- 68.42%
- 1Y
- 277.50%
- 3Y*
- 63.79%
- 5Y*
- 15.04%
- 10Y*
- —
SITM
- 1D
- -6.14%
- 1M
- -2.97%
- YTD
- 100.15%
- 6M
- 85.13%
- 1Y
- 204.25%
- 3Y*
- 83.29%
- 5Y*
- 39.57%
- 10Y*
- —
LASR vs. SITM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LASR nLIGHT, Inc. | 77.13% | 257.58% | -22.30% | 33.14% | -57.66% | -26.65% | 61.00% | 2.32% |
SITM SiTime Corporation | 100.15% | 64.63% | 75.73% | 20.13% | -65.26% | 161.36% | 338.94% | 96.15% |
Correlation
The correlation between LASR and SITM is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2019 | 0.51 |
The correlation between LASR and SITM has been stable across timeframes, ranging from 0.49 to 0.52 - a consistent structural relationship.
Fundamentals
LASR:
$3.98B
SITM:
$18.62B
LASR:
-$0.28
SITM:
-$0.94
LASR:
12.04
SITM:
48.00
LASR:
9.28
SITM:
16.07
LASR:
$289.84M
SITM:
$379.91M
LASR:
$90.68M
SITM:
$211.60M
LASR:
-$3.27M
SITM:
-$13.71M
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Return for Risk
LASR vs. SITM — Risk / Return Rank
LASR
SITM
LASR vs. SITM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for nLIGHT, Inc. (LASR) and SiTime Corporation (SITM). 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.
| LASR | SITM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.38 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 10.67 | 6.72 | +3.95 |
| Martin ratioReturn relative to average drawdown | 32.70 | 15.53 | +17.17 |
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Drawdowns
LASR vs. SITM - Drawdown Comparison
The maximum LASR drawdown since its inception was -85.66%, which is greater than SITM's maximum drawdown of -78.12%. Use the drawdown chart below to compare losses from any high point for LASR and SITM.
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Drawdown Indicators
| LASR | SITM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.66% | -78.12% | -7.54% |
Max Drawdown (1Y)Largest decline over 1 year | -26.19% | -30.59% | +4.40% |
Max Drawdown (3Y)Largest decline over 3 years | -58.69% | -55.26% | -3.43% |
Max Drawdown (5Y)Largest decline over 5 years | -82.47% | -78.12% | -4.35% |
Current DrawdownCurrent decline from peak | -21.79% | -21.58% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -52.56% | -36.69% | -15.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.53% | 13.21% | -4.68% |
Volatility
LASR vs. SITM - Volatility Comparison
nLIGHT, Inc. (LASR) and SiTime Corporation (SITM) have volatilities of 23.17% and 23.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LASR | SITM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.17% | 23.51% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 60.90% | 57.48% | +3.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 78.30% | 77.74% | +0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.36% | 76.44% | -11.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.60% | 80.52% | -13.92% |
Dividends
LASR vs. SITM - Dividend Comparison
Neither LASR nor SITM has paid dividends to shareholders.
Financials
LASR vs. SITM - Financials Comparison
This section allows you to compare key financial metrics between nLIGHT, Inc. and SiTime Corporation. 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
LASR vs. SITM - Profitability Comparison
LASR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, nLIGHT, Inc. reported a gross profit of 26.51M and revenue of 80.18M. Therefore, the gross margin over that period was 33.1%.
SITM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, SiTime Corporation reported a gross profit of 66.96M and revenue of 113.57M. Therefore, the gross margin over that period was 59.0%.
LASR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, nLIGHT, Inc. reported an operating income of -719.00K and revenue of 80.18M, resulting in an operating margin of -0.9%.
SITM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, SiTime Corporation reported an operating income of -12.34M and revenue of 113.57M, resulting in an operating margin of -10.9%.
LASR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, nLIGHT, Inc. reported a net income of 645.00K and revenue of 80.18M, resulting in a net margin of 0.8%.
SITM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, SiTime Corporation reported a net income of -5.22M and revenue of 113.57M, resulting in a net margin of -4.6%.
Frequently Asked Questions
LASR and SITM have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SITM has higher volatility (23.51%) compared to LASR (23.17%). In terms of maximum drawdown, LASR dropped -85.66% vs SITM's -78.12%.
LASR currently has the higher Sharpe Ratio (3.57 vs 2.65), 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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