LITE vs. SMCI
LITE (Lumentum Holdings Inc.) and SMCI (Super Micro Computer, Inc.) are both stocks. Both are in the Technology sector — LITE in Communication Equipment, SMCI in Computer Hardware. Over the past 10 years, LITE returned 43.74%/yr vs 27.77%/yr for SMCI. At a 0.31 correlation, their price movements are largely independent.
Performance
LITE vs. SMCI - 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 SMCI's 4.07% return. Over the past 10 years, LITE has outperformed SMCI with an annualized return of 43.74%, while SMCI has yielded a comparatively lower 27.77% annualized return.
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%
SMCI
- 1D
- -4.72%
- 1M
- -4.81%
- YTD
- 4.07%
- 6M
- -5.78%
- 1Y
- -29.75%
- 3Y*
- 7.64%
- 5Y*
- 52.73%
- 10Y*
- 27.77%
LITE vs. SMCI - 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% |
SMCI Super Micro Computer, Inc. | 4.07% | -3.97% | 7.23% | 246.24% | 86.80% | 38.82% | 31.81% | 74.06% | -34.07% | -25.38% |
Correlation
The correlation between LITE and SMCI is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2015 | 0.31 |
Fundamentals
LITE:
$88.65B
SMCI:
$20.52B
LITE:
$5.26
SMCI:
$2.70
LITE:
175.08
SMCI:
11.27
LITE:
30.95
SMCI:
0.60
LITE:
29.82
SMCI:
2.71
LITE:
$2.49B
SMCI:
$33.70B
LITE:
$938.50M
SMCI:
$2.83B
LITE:
$470.10M
SMCI:
$1.47B
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Return for Risk
LITE vs. SMCI — Risk / Return Rank
LITE
SMCI
LITE vs. SMCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lumentum Holdings Inc. (LITE) and Super Micro Computer, Inc. (SMCI). 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 | SMCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +11.78 | ||
| Sortino ratioReturn per unit of downside risk | +5.37 | ||
| Omega ratioGain probability vs. loss probability | 1.71 | 1.01 | +0.71 |
| Calmar ratioReturn relative to maximum drawdown | 34.43 | -0.45 | +34.88 |
| Martin ratioReturn relative to average drawdown | 126.26 | -0.76 | +127.02 |
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Drawdowns
LITE vs. SMCI - Drawdown Comparison
The maximum LITE drawdown since its inception was -66.89%, smaller than the maximum SMCI drawdown of -84.84%. Use the drawdown chart below to compare losses from any high point for LITE and SMCI.
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Drawdown Indicators
| LITE | SMCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.89% | -84.84% | +17.95% |
Max Drawdown (1Y)Largest decline over 1 year | -28.70% | -66.18% | +37.48% |
Max Drawdown (3Y)Largest decline over 3 years | -50.63% | -84.84% | +34.21% |
Max Drawdown (5Y)Largest decline over 5 years | -66.48% | -84.84% | +18.36% |
Max Drawdown (10Y)Largest decline over 10 years | -66.89% | -84.84% | +17.95% |
Current DrawdownCurrent decline from peak | -12.49% | -74.36% | +61.87% |
Average DrawdownAverage peak-to-trough decline | -23.57% | -31.98% | +8.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.81% | 39.34% | -31.53% |
Volatility
LITE vs. SMCI - Volatility Comparison
The current volatility for Lumentum Holdings Inc. (LITE) is 28.12%, while Super Micro Computer, Inc. (SMCI) has a volatility of 44.32%. This indicates that LITE experiences smaller price fluctuations and is considered to be less risky than SMCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LITE | SMCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.12% | 44.32% | -16.20% |
Volatility (6M)Calculated over the trailing 6-month period | 69.73% | 76.32% | -6.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 86.47% | 85.20% | +1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.94% | 86.53% | -26.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.62% | 71.19% | -14.57% |
Dividends
LITE vs. SMCI - Dividend Comparison
Neither LITE nor SMCI has paid dividends to shareholders.
Financials
LITE vs. SMCI - Financials Comparison
This section allows you to compare key financial metrics between Lumentum Holdings Inc. and Super Micro Computer, 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. SMCI - 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%.
SMCI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Super Micro Computer, Inc. reported a gross profit of 1.02B and revenue of 10.24B. Therefore, the gross margin over that period was 10.0%.
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%.
SMCI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Super Micro Computer, Inc. reported an operating income of 625.87M and revenue of 10.24B, resulting in an operating margin of 6.1%.
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%.
SMCI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Super Micro Computer, Inc. reported a net income of 1.02B and revenue of 10.24B, resulting in a net margin of 9.9%.
Frequently Asked Questions
LITE and SMCI have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMCI has higher volatility (44.32%) compared to LITE (28.12%). In terms of maximum drawdown, LITE dropped -66.89% vs SMCI's -84.84%.
LITE currently has the higher Sharpe Ratio (11.43 vs -0.35), 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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