LITE vs. RNWZ
LITE (Lumentum Holdings Inc.) is a stock, while RNWZ (TrueShares Eagle Global Renewable Energy Income ETF) is Energy Equities fund actively managed by TrueShares. Over the past 3 years, LITE returned 158.28%/yr vs 11.78%/yr for RNWZ. At a 0.21 correlation, their price movements are largely independent.
Performance
LITE vs. RNWZ - Performance Comparison
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Returns By Period
In the year-to-date period, LITE achieves a 150.02% return, which is significantly higher than RNWZ's 15.40% return.
LITE
- 1D
- 3.59%
- 1M
- -5.06%
- YTD
- 150.02%
- 6M
- 184.13%
- 1Y
- 1,017.52%
- 3Y*
- 158.28%
- 5Y*
- 62.72%
- 10Y*
- 43.74%
RNWZ
- 1D
- 0.06%
- 1M
- 0.92%
- YTD
- 15.40%
- 6M
- 17.62%
- 1Y
- 34.43%
- 3Y*
- 11.78%
- 5Y*
- —
- 10Y*
- —
LITE vs. RNWZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LITE Lumentum Holdings Inc. | 150.02% | 339.06% | 60.15% | 0.48% | -6.35% |
RNWZ TrueShares Eagle Global Renewable Energy Income ETF | 15.40% | 36.33% | -7.36% | -3.89% | -0.74% |
Correlation
The correlation between LITE and RNWZ is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2022 | 0.21 |
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Return for Risk
LITE vs. RNWZ — Risk / Return Rank
LITE
RNWZ
LITE vs. RNWZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lumentum Holdings Inc. (LITE) and TrueShares Eagle Global Renewable Energy Income ETF (RNWZ). 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 | RNWZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +9.20 | ||
| Sortino ratioReturn per unit of downside risk | +2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.71 | 1.39 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 34.43 | 4.81 | +29.62 |
| Martin ratioReturn relative to average drawdown | 126.26 | 12.90 | +113.36 |
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Drawdowns
LITE vs. RNWZ - Drawdown Comparison
The maximum LITE drawdown since its inception was -66.89%, which is greater than RNWZ's maximum drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for LITE and RNWZ.
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Drawdown Indicators
| LITE | RNWZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.89% | -24.90% | -41.99% |
Max Drawdown (1Y)Largest decline over 1 year | -28.70% | -7.07% | -21.63% |
Max Drawdown (3Y)Largest decline over 3 years | -50.63% | -24.74% | -25.89% |
Max Drawdown (5Y)Largest decline over 5 years | -66.48% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -66.89% | — | — |
Current DrawdownCurrent decline from peak | -12.49% | -5.19% | -7.30% |
Average DrawdownAverage peak-to-trough decline | -23.57% | -7.17% | -16.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.81% | 2.63% | +5.18% |
Volatility
LITE vs. RNWZ - Volatility Comparison
Lumentum Holdings Inc. (LITE) has a higher volatility of 28.12% compared to TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) at 5.01%. This indicates that LITE's price experiences larger fluctuations and is considered to be riskier than RNWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LITE | RNWZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.12% | 5.01% | +23.11% |
Volatility (6M)Calculated over the trailing 6-month period | 69.73% | 12.10% | +57.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 86.47% | 15.25% | +71.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.94% | 16.98% | +42.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.62% | 16.98% | +39.64% |
Dividends
LITE vs. RNWZ - Dividend Comparison
LITE has not paid dividends to shareholders, while RNWZ's dividend yield for the trailing twelve months is around 1.94%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
LITE Lumentum Holdings Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RNWZ TrueShares Eagle Global Renewable Energy Income ETF | 1.94% | 2.12% | 2.36% | 3.87% | 0.01% |
Frequently Asked Questions
LITE and RNWZ have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LITE has higher volatility (28.12%) compared to RNWZ (5.01%). In terms of maximum drawdown, LITE dropped -66.89% vs RNWZ's -24.90%.
LITE currently has the higher Sharpe Ratio (11.43 vs 2.23), 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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