LITE vs. CM
LITE (Lumentum Holdings Inc.) and CM (Canadian Imperial Bank of Commerce) are both stocks. LITE operates in Communication Equipment (Technology), while CM operates in Banks - Diversified (Financial Services). Over the past 10 years, LITE returned 42.34%/yr vs 17.15%/yr for CM. At a 0.28 correlation, their price movements are largely independent.
Performance
LITE vs. CM - Performance Comparison
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Returns By Period
In the year-to-date period, LITE achieves a 130.61% return, which is significantly higher than CM's 24.28% return. Over the past 10 years, LITE has outperformed CM with an annualized return of 42.34%, while CM has yielded a comparatively lower 17.15% annualized return.
LITE
- 1D
- -2.30%
- 1M
- -10.23%
- YTD
- 130.61%
- 6M
- 128.85%
- 1Y
- 848.03%
- 3Y*
- 145.00%
- 5Y*
- 60.41%
- 10Y*
- 42.34%
CM
- 1D
- -1.05%
- 1M
- -3.29%
- YTD
- 24.28%
- 6M
- 22.27%
- 1Y
- 67.98%
- 3Y*
- 43.12%
- 5Y*
- 20.06%
- 10Y*
- 17.15%
LITE vs. CM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LITE Lumentum Holdings Inc. | 130.61% | 339.06% | 60.15% | 0.48% | -50.68% | 11.57% | 19.55% | 88.76% | -14.09% | 26.52% |
CM Canadian Imperial Bank of Commerce | 24.28% | 49.02% | 37.83% | 27.23% | -25.71% | 42.29% | 9.25% | 19.22% | -19.75% | 26.58% |
Correlation
The correlation between LITE and CM is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2015 | 0.28 |
The correlation between LITE and CM shifts across timeframes, from 0.14 (1 year) to 0.33 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
LITE:
$81.77B
CM:
$75.95B
LITE:
$5.26
CM:
CA$12.14
LITE:
161.49
CM:
13.01
LITE:
28.55
CM:
2.07
LITE:
27.50
CM:
1.84
LITE:
$2.49B
CM:
CA$61.84B
LITE:
$938.50M
CM:
CA$28.74B
LITE:
$470.10M
CM:
CA$13.01B
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Return for Risk
LITE vs. CM — Risk / Return Rank
LITE
CM
LITE vs. CM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lumentum Holdings Inc. (LITE) and Canadian Imperial Bank of Commerce (CM). 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.
| LITE | CM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.61 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 30.30 | 6.43 | +23.86 |
| Martin ratioReturn relative to average drawdown | 107.53 | 25.18 | +82.36 |
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Drawdowns
LITE vs. CM - Drawdown Comparison
The maximum LITE drawdown since its inception was -66.89%, smaller than the maximum CM drawdown of -71.70%. Use the drawdown chart below to compare losses from any high point for LITE and CM.
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Drawdown Indicators
| LITE | CM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.89% | -71.70% | +4.81% |
Max Drawdown (1Y)Largest decline over 1 year | -28.70% | -10.79% | -17.91% |
Max Drawdown (3Y)Largest decline over 3 years | -50.63% | -19.47% | -31.16% |
Max Drawdown (5Y)Largest decline over 5 years | -66.48% | -40.61% | -25.87% |
Max Drawdown (10Y)Largest decline over 10 years | -66.89% | -47.82% | -19.07% |
Current DrawdownCurrent decline from peak | -19.29% | -3.53% | -15.76% |
Average DrawdownAverage peak-to-trough decline | -23.56% | -14.65% | -8.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.07% | 2.75% | +5.32% |
Volatility
LITE vs. CM - Volatility Comparison
Lumentum Holdings Inc. (LITE) has a higher volatility of 28.15% compared to Canadian Imperial Bank of Commerce (CM) at 7.78%. This indicates that LITE's price experiences larger fluctuations and is considered to be riskier than CM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LITE | CM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.15% | 7.78% | +20.37% |
Volatility (6M)Calculated over the trailing 6-month period | 68.68% | 16.02% | +52.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 86.92% | 19.03% | +67.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.12% | 21.41% | +38.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.67% | 22.61% | +34.06% |
Dividends
LITE vs. CM - Dividend Comparison
LITE has not paid dividends to shareholders, while CM's dividend yield for the trailing twelve months is around 2.65%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CM Canadian Imperial Bank of Commerce | 2.65% | 3.17% | 4.21% | 5.88% | 7.77% | 4.08% | 5.06% | 6.47% | 5.48% | 5.28% | 5.93% | 6.71% |
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. CM - Financials Comparison
This section allows you to compare key financial metrics between Lumentum Holdings Inc. and Canadian Imperial Bank of Commerce. 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
LITE vs. CM - Profitability Comparison
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%.
CM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Canadian Imperial Bank of Commerce reported a gross profit of 7.36B and revenue of 15.22B. Therefore, the gross margin over that period was 48.4%.
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%.
CM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Canadian Imperial Bank of Commerce reported an operating income of 3.20B and revenue of 15.22B, resulting in an operating margin of 21.0%.
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%.
CM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Canadian Imperial Bank of Commerce reported a net income of 2.46B and revenue of 15.22B, resulting in a net margin of 16.1%.
Frequently Asked Questions
LITE and CM have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LITE has higher volatility (28.15%) compared to CM (7.78%). In terms of maximum drawdown, LITE dropped -66.89% vs CM's -71.70%.
LITE currently has the higher Sharpe Ratio (10.01 vs 3.65), 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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