LITE vs. MPWR
LITE (Lumentum Holdings Inc.) and MPWR (Monolithic Power Systems, Inc.) are both stocks. Both are in the Technology sector — LITE in Communication Equipment, MPWR in Semiconductors. Over the past 10 years, LITE returned 37.52%/yr vs 36.06%/yr for MPWR. Their 0.50 correlation means their historical movements had little consistent relationship.
Performance
LITE vs. MPWR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LITE achieves a 93.69% return, which is significantly higher than MPWR's 57.89% return. Both investments have delivered pretty close results over the past 10 years, with LITE having a 37.52% annualized return and MPWR not far behind at 36.06%.
LITE
- 1D
- 2.99%
- 1M
- -10.89%
- 6M
- 82.20%
- YTD
- 93.69%
- 1Y
- 548.56%
- 3Y*
- 140.32%
- 5Y*
- 53.42%
- 10Y*
- 37.52%
- ALL TIME*
- 36.04%
MPWR
- 1D
- 8.35%
- 1M
- 7.08%
- 6M
- 27.30%
- YTD
- 57.89%
- 1Y
- 101.90%
- 3Y*
- 38.39%
- 5Y*
- 26.91%
- 10Y*
- 36.06%
- ALL TIME*
- 27.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.39B | $3.22B | $4.79B | |
| $1.37B | $1.27B | $1.35B |
LITE vs. MPWR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LITE Lumentum Holdings Inc. | 93.69% | 339.06% | 60.15% | 0.48% | -50.68% | 11.57% | 19.55% | 88.76% | -14.09% | 26.52% |
MPWR Monolithic Power Systems, Inc. | 57.89% | 54.45% | -5.55% | 79.78% | -27.78% | 35.49% | 107.49% | 54.80% | 4.49% | 38.23% |
Correlation
The correlation between LITE and MPWR is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.49 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.53 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2015 | 0.50 |
The correlation between LITE and MPWR has been stable across timeframes, ranging from 0.45 to 0.53 - a consistent structural relationship.
Fundamentals
LITE:
$55.54B
MPWR:
$70.06B
LITE:
$5.03
MPWR:
$16.33
LITE:
141.90
MPWR:
87.33
LITE:
25.09
MPWR:
21.32
LITE:
23.10
MPWR:
18.03
LITE:
$2.49B
MPWR:
$3.27B
LITE:
$938.50M
MPWR:
$1.81B
LITE:
$470.10M
MPWR:
$1.01B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LITE vs. MPWR — Risk / Return Rank
LITE
MPWR
LITE vs. MPWR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lumentum Holdings Inc. (LITE) and Monolithic Power Systems, Inc. (MPWR). 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 | MPWR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.30 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 12.93 | 3.94 | +8.99 |
| Martin ratioReturn relative to average drawdown | 44.86 | 9.44 | +35.42 |
Loading charts...
Drawdowns
LITE vs. MPWR - Drawdown Comparison
The maximum LITE drawdown since its inception was -66.89%, smaller than the maximum MPWR drawdown of -72.27%. Use the drawdown chart below to compare losses from any high point for LITE and MPWR.
Loading charts...
Drawdown Indicators
| LITE | MPWR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.89% | -72.27% | +5.38% |
Max Drawdown (1Y)Largest decline over 1 year | -42.80% | -25.99% | -16.81% |
Max Drawdown (3Y)Largest decline over 3 years | -50.63% | -51.65% | +1.02% |
Max Drawdown (5Y)Largest decline over 5 years | -66.48% | -51.65% | -14.83% |
Max Drawdown (10Y)Largest decline over 10 years | -66.89% | -51.65% | -15.24% |
Current DrawdownCurrent decline from peak | -32.21% | -15.49% | -16.72% |
Average DrawdownAverage peak-to-trough decline | -23.59% | -17.71% | -5.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.31% | 10.83% | +1.48% |
Volatility
LITE vs. MPWR - Volatility Comparison
Lumentum Holdings Inc. (LITE) has a higher volatility of 31.86% compared to Monolithic Power Systems, Inc. (MPWR) at 18.57%. This indicates that LITE's price experiences larger fluctuations and is considered to be riskier than MPWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LITE | MPWR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.86% | 18.57% | +13.29% |
Volatility (6M)Calculated over the trailing 6-month period | 70.58% | 44.07% | +26.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 93.02% | 54.05% | +38.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.98% | 54.63% | +7.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.45% | 47.86% | +9.59% |
Dividends
LITE vs. MPWR - Dividend Comparison
LITE has not paid dividends to shareholders, while MPWR'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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MPWR Monolithic Power Systems, Inc. | 0.50% | 0.69% | 0.85% | 0.63% | 0.85% | 0.49% | 0.55% | 0.90% | 1.03% | 0.71% | 0.98% | 1.26% |
Financials
LITE vs. MPWR - Financials Comparison
This section allows you to compare key financial metrics between Lumentum Holdings Inc. and Monolithic Power Systems, 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
LITE vs. MPWR - Profitability Comparison
LITE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
MPWR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Monolithic Power Systems, Inc. reported a gross profit of 541.07M and revenue of 980.64M. Therefore, the gross margin over that period was 55.2%.
LITE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Lumentum Holdings Inc. reported an operating income of 174.50M and revenue of 808.40M, resulting in an operating margin of 21.6%.
MPWR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Monolithic Power Systems, Inc. reported an operating income of 303.89M and revenue of 980.64M, resulting in an operating margin of 31.0%.
LITE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Lumentum Holdings Inc. reported a net income of 144.20M and revenue of 808.40M, resulting in a net margin of 17.8%.
MPWR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Monolithic Power Systems, Inc. reported a net income of 257.30M and revenue of 980.64M, resulting in a net margin of 26.2%.
Frequently Asked Questions
LITE and MPWR have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LITE has higher volatility (31.86%) compared to MPWR (18.57%). In terms of maximum drawdown, LITE dropped -66.89% vs MPWR's -72.27%.
LITE currently has the higher Sharpe Ratio (5.95 vs 1.90), 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.
Find the right allocation for LITE and MPWR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer