LITE vs. ASTS

Last updated Jun 9, 2026

LITE (Lumentum Holdings Inc.) and ASTS (AST SpaceMobile, Inc.) are both stocks. LITE operates in Communication Equipment (Technology), while ASTS operates in Telecom Services (Communication Services). Over the past 5 years, LITE returned 62.02%/yr vs 54.02%/yr for ASTS. At a 0.24 correlation, their price movements are largely independent.

Performance

LITE vs. ASTS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lumentum Holdings Inc. (LITE) and AST SpaceMobile, Inc. (ASTS). 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 ASTS's 26.75% 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%

ASTS

• 1D: -1.65%
• 1M: 22.66%
• YTD: 26.75%
• 6M: 24.41%
• 1Y: 195.16%
• 3Y*: 152.04%
• 5Y*: 54.02%
• 10Y*: —

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

LITE vs. ASTS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
LITE Lumentum Holdings Inc.	142.93%	339.06%	60.15%	0.48%	-50.68%	11.57%	19.55%	21.69%
ASTS AST SpaceMobile, Inc.	26.75%	244.22%	249.92%	25.10%	-39.29%	-41.53%	37.59%	1.02%

Correlation

The correlation between LITE and ASTS 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	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (All Time) Calculated using the full available price history since Nov 4, 2019	0.24

The correlation between LITE and ASTS shifts across timeframes, from 0.15 (1 year) to 0.27 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap LITE : $86.14B ASTS : $26.76B
EPS LITE : $5.26 ASTS : -$1.84
PS Ratio LITE : 30.07 ASTS : 287.63
PB Ratio LITE : 28.97 ASTS : 10.06
Total Revenue (TTM) LITE : $2.49B ASTS : $84.94M
Gross Profit (TTM) LITE : $938.50M ASTS : -$22.93M
EBITDA (TTM) LITE : $470.10M ASTS : -$536.80M

Return for Risk

LITE vs. ASTS — 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

ASTS

ASTS Risk / Return Rank: 85
ASTS Sharpe Ratio Rank: 88
ASTS Sortino Ratio Rank: 83
ASTS Omega Ratio Rank: 79
ASTS Calmar Ratio Rank: 89
ASTS Martin Ratio Rank: 85

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. ASTS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lumentum Holdings Inc. (LITE) and AST SpaceMobile, Inc. (ASTS). 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	ASTS	Difference
Sharpe ratio: Return per unit of total volatility	11.76	1.88	+9.89
Sortino ratio: Return per unit of downside risk	5.52	2.44	+3.08
Omega ratio: Gain probability vs. loss probability	1.73	1.28	+0.45
Calmar ratio: Return relative to maximum drawdown	35.18	4.12	+31.06
Martin ratio: Return relative to average drawdown	134.51	8.15	+126.36
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. ASTS - Sharpe Ratio Comparison

The current LITE Sharpe Ratio is 11.76, which is higher than the ASTS Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of LITE and ASTS, 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	ASTS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	11.76	1.88	+9.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.04	0.50	+0.55
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.40	+0.34

Drawdowns

LITE vs. ASTS - Drawdown Comparison

The maximum LITE drawdown since its inception was -66.89%, smaller than the maximum ASTS drawdown of -91.07%. Use the drawdown chart below to compare losses from any high point for LITE and ASTS.

Drawdown Indicators

	LITE	ASTS	Difference
Max Drawdown Largest peak-to-trough decline	-66.89%	-91.07%	+24.18%
Max Drawdown (1Y) Largest decline over 1 year	-28.70%	-47.69%	+18.99%
Max Drawdown (3Y) Largest decline over 3 years	-50.63%	-70.66%	+20.03%
Max Drawdown (5Y) Largest decline over 5 years	-66.48%	-85.57%	+19.09%
Max Drawdown (10Y) Largest decline over 10 years	-66.89%	—	—
Current Drawdown Current decline from peak	-14.97%	-30.83%	+15.86%
Average Drawdown Average peak-to-trough decline	-23.16%	-43.38%	+20.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.49%	24.06%	-16.57%

Volatility

LITE vs. ASTS - Volatility Comparison

The current volatility for Lumentum Holdings Inc. (LITE) is 31.18%, while AST SpaceMobile, Inc. (ASTS) has a volatility of 40.76%. This indicates that LITE experiences smaller price fluctuations and is considered to be less risky than ASTS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LITE	ASTS	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.18%	40.76%	-9.58%
Volatility (6M) Calculated over the trailing 6-month period	69.07%	82.89%	-13.82%
Volatility (1Y) Calculated over the trailing 1-year period	86.01%	104.86%	-18.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.79%	109.43%	-49.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.55%	100.53%	-43.98%

Dividends

LITE vs. ASTS - Dividend Comparison

Neither LITE nor ASTS has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both LITE and ASTS in my portfolio?

LITE and ASTS 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, LITE or ASTS?

ASTS has higher volatility (40.76%) compared to LITE (31.18%). In terms of maximum drawdown, LITE dropped -66.89% vs ASTS's -91.07%.

Which has better risk-adjusted returns?

LITE currently has the higher Sharpe Ratio (11.76 vs 1.88), 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.