LITE vs. NGD

Last updated Jun 13, 2026

LITE (Lumentum Holdings Inc.) and NGD (New Gold Inc.) are both stocks. LITE operates in Communication Equipment (Technology), while NGD operates in Gold (Basic Materials). At a 0.07 correlation, their price movements are largely independent.

Performance

LITE vs. NGD - Performance Comparison

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

Returns By Period

LITE

• 1D: 3.59%
• 1M: -10.56%
• YTD: 150.02%
• 6M: 184.13%
• 1Y: 977.85%
• 3Y*: 158.28%
• 5Y*: 62.72%
• 10Y*: 43.74%

NGD

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LITE vs. NGD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LITE Lumentum Holdings Inc.	150.02%	339.06%	60.15%	0.48%	-50.68%	11.57%	19.55%	88.76%	-14.09%	26.52%
NGD New Gold Inc.	4.25%	251.21%	69.86%	48.98%	-34.67%	-31.51%	148.86%	16.28%	-77.00%	-6.00%

Correlation

The correlation between LITE and NGD is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (10Y) Calculated over the trailing 10-year period	0.08
Correlation (All Time) Calculated using the full available price history since Aug 4, 2015	0.07

Fundamentals

EPS LITE : $5.26 NGD : $1.61
PE Ratio LITE : 175.08 NGD : 5.64
PS Ratio LITE : 30.95 NGD : 3.30
Total Revenue (TTM) LITE : $2.49B NGD : $1.46B
Gross Profit (TTM) LITE : $938.50M NGD : $758.26M
EBITDA (TTM) LITE : $470.10M NGD : $1.19B

Return for Risk

LITE vs. NGD — 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: 99
LITE Omega Ratio Rank: 98
LITE Calmar Ratio Rank: 100
LITE Martin Ratio Rank: 100

NGD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. NGD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lumentum Holdings Inc. (LITE) and New Gold Inc. (NGD). 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	NGD	Difference
Sharpe ratio: Return per unit of total volatility	11.43	—	—
Sortino ratio: Return per unit of downside risk	5.42	—	—
Omega ratio: Gain probability vs. loss probability	1.71	—	—
Calmar ratio: Return relative to maximum drawdown	34.43	—	—
Martin ratio: Return relative to average drawdown	126.26	—	—

Drawdowns

Drawdown Indicators

	LITE	NGD	Difference
Max Drawdown Largest peak-to-trough decline	-66.89%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-28.70%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-50.63%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-66.48%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-66.89%	—	—
Current Drawdown Current decline from peak	-12.49%	—	—
Average Drawdown Average peak-to-trough decline	-23.57%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	7.81%	—	—

Volatility

Volatility by Period

	LITE	NGD	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.12%	—	—
Volatility (6M) Calculated over the trailing 6-month period	69.73%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	86.47%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.94%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.62%	—	—

Dividends

LITE vs. NGD - Dividend Comparison

Neither LITE nor NGD has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both LITE and NGD in my portfolio?

LITE and NGD have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.