LITE vs. ASML

Last updated Jun 9, 2026

LITE (Lumentum Holdings Inc.) and ASML (ASML Holding N.V.) are both stocks. Both are in the Technology sector — LITE in Communication Equipment, ASML in Semiconductor Equipment & Materials. Over the past 10 years, LITE returned 43.30%/yr vs 34.75%/yr for ASML. At a 0.45 correlation, their price movements are largely independent.

Performance

LITE vs. ASML - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lumentum Holdings Inc. (LITE) and ASML Holding N.V. (ASML). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LITE achieves a 142.93% return, which is significantly higher than ASML's 64.06% return. Over the past 10 years, LITE has outperformed ASML with an annualized return of 43.30%, while ASML has yielded a comparatively lower 34.75% annualized return.

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%

ASML

• 1D: 6.54%
• 1M: 9.86%
• YTD: 64.06%
• 6M: 56.76%
• 1Y: 134.10%
• 3Y*: 36.05%
• 5Y*: 21.93%
• 10Y*: 34.75%

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

LITE vs. ASML - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LITE Lumentum Holdings Inc.	142.93%	339.06%	60.15%	0.48%	-50.68%	11.57%	19.55%	88.76%	-14.09%	26.52%
ASML ASML Holding N.V.	64.06%	56.51%	-7.70%	39.91%	-30.49%	64.13%	66.06%	93.56%	-9.80%	56.23%

Correlation

The correlation between LITE and ASML is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.47
Correlation (All Time) Calculated using the full available price history since Aug 5, 2015	0.45

The correlation between LITE and ASML shifts across timeframes, from 0.33 (1 year) to 0.49 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap LITE : $86.14B ASML : $674.60B
EPS LITE : $5.26 ASML : $25.86
PE Ratio LITE : 170.11 ASML : 67.64
PS Ratio LITE : 30.07 ASML : 20.10
PB Ratio LITE : 28.97 ASML : 32.39
Total Revenue (TTM) LITE : $2.49B ASML : $33.69B
Gross Profit (TTM) LITE : $938.50M ASML : $17.72B
EBITDA (TTM) LITE : $470.10M ASML : $12.99B

Return for Risk

LITE vs. ASML — Risk / Return Rank

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

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

ASML

ASML Risk / Return Rank: 95
ASML Sharpe Ratio Rank: 96
ASML Sortino Ratio Rank: 94
ASML Omega Ratio Rank: 92
ASML Calmar Ratio Rank: 96
ASML Martin Ratio Rank: 96

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.

LITE vs. ASML - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lumentum Holdings Inc. (LITE) and ASML Holding N.V. (ASML). 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.

	LITE	ASML	Difference
Sharpe ratio: Return per unit of total volatility	11.76	3.24	+8.52
Sortino ratio: Return per unit of downside risk	5.52	3.63	+1.90
Omega ratio: Gain probability vs. loss probability	1.73	1.45	+0.29
Calmar ratio: Return relative to maximum drawdown	35.18	7.56	+27.62
Martin ratio: Return relative to average drawdown	134.51	20.33	+114.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LITE vs. ASML - Sharpe Ratio Comparison

The current LITE Sharpe Ratio is 11.76, which is higher than the ASML Sharpe Ratio of 3.24. The chart below compares the historical Sharpe Ratios of LITE and ASML, 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

	LITE	ASML	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	11.76	3.24	+8.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.04	0.52	+0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	0.90	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.56	+0.19

Drawdowns

LITE vs. ASML - Drawdown Comparison

The maximum LITE drawdown since its inception was -66.89%, smaller than the maximum ASML drawdown of -90.00%. Use the drawdown chart below to compare losses from any high point for LITE and ASML.

Drawdown Indicators

	LITE	ASML	Difference
Max Drawdown Largest peak-to-trough decline	-66.89%	-90.00%	+23.11%
Max Drawdown (1Y) Largest decline over 1 year	-28.70%	-17.85%	-10.85%
Max Drawdown (3Y) Largest decline over 3 years	-50.63%	-45.38%	-5.25%
Max Drawdown (5Y) Largest decline over 5 years	-66.48%	-56.84%	-9.64%
Max Drawdown (10Y) Largest decline over 10 years	-66.89%	-56.84%	-10.05%
Current Drawdown Current decline from peak	-14.97%	-0.48%	-14.49%
Average Drawdown Average peak-to-trough decline	-23.16%	-28.14%	+4.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.49%	6.62%	+0.87%

Volatility

LITE vs. ASML - Volatility Comparison

Lumentum Holdings Inc. (LITE) has a higher volatility of 31.18% compared to ASML Holding N.V. (ASML) at 15.94%. This indicates that LITE's price experiences larger fluctuations and is considered to be riskier than ASML based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LITE	ASML	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.18%	15.94%	+15.24%
Volatility (6M) Calculated over the trailing 6-month period	69.07%	33.30%	+35.77%
Volatility (1Y) Calculated over the trailing 1-year period	86.01%	41.73%	+44.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.79%	42.23%	+17.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.55%	38.62%	+17.93%

Dividends

LITE vs. ASML - Dividend Comparison

LITE has not paid dividends to shareholders, while ASML's dividend yield for the trailing twelve months is around 0.50%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASML ASML Holding N.V.	0.50%	0.97%	0.97%	0.86%	1.27%	0.50%	0.50%	1.40%	0.94%	0.64%	0.92%	0.73%
LITE Lumentum Holdings Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

LITE vs. ASML - Profitability Comparison

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

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%.

ASML - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ASML Holding N.V. reported a gross profit of 4.65B and revenue of 8.77B. Therefore, the gross margin over that period was 53.0%.

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%.

ASML - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ASML Holding N.V. reported an operating income of 3.16B and revenue of 8.77B, resulting in an operating margin of 36.0%.

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%.

ASML - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ASML Holding N.V. reported a net income of 2.76B and revenue of 8.77B, resulting in a net margin of 31.4%.

Frequently Asked Questions

Can I hold both LITE and ASML in my portfolio?

LITE and ASML have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LITE or ASML?

LITE has higher volatility (31.18%) compared to ASML (15.94%). In terms of maximum drawdown, LITE dropped -66.89% vs ASML's -90.00%.

Which has better risk-adjusted returns?

LITE currently has the higher Sharpe Ratio (11.76 vs 3.24), 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.