LITE vs. SNDK

Last updated Jun 23, 2026

LITE (Lumentum Holdings Inc.) and SNDK (Sandisk Corporation) are both stocks. Both are in the Technology sector — LITE in Communication Equipment, SNDK in Computer Hardware. Over the past year, LITE returned 897.02% vs 4781.34% for SNDK. At a 0.46 correlation, their price movements are largely independent.

Performance

LITE vs. SNDK - Performance Comparison

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

Returns By Period

In the year-to-date period, LITE achieves a 142.53% return, which is significantly lower than SNDK's 857.84% return.

LITE

• 1D: 5.17%
• 1M: -5.59%
• YTD: 142.53%
• 6M: 129.28%
• 1Y: 897.02%
• 3Y*: 152.86%
• 5Y*: 61.67%
• 10Y*: 43.45%

SNDK

• 1D: 4.07%
• 1M: 53.77%
• YTD: 857.84%
• 6M: 843.26%
• 1Y: 4,781.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LITE vs. SNDK - Yearly Performance Comparison

	2026 (YTD)	2025
LITE Lumentum Holdings Inc.	142.53%	402.51%
SNDK Sandisk Corporation	857.84%	356.50%

Correlation

The correlation between LITE and SNDK is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (All Time) Calculated using the full available price history since Feb 24, 2025	0.46

Fundamentals

Market Cap LITE : $86.00B SNDK : $356.98B
EPS LITE : $5.26 SNDK : $29.70
PE Ratio LITE : 169.83 SNDK : 76.56
PS Ratio LITE : 30.02 SNDK : 26.17
PB Ratio LITE : 28.92 SNDK : 25.91
Total Revenue (TTM) LITE : $2.49B SNDK : $13.18B
Gross Profit (TTM) LITE : $938.50M SNDK : $7.39B
EBITDA (TTM) LITE : $470.10M SNDK : $5.37B

Return for Risk

LITE vs. SNDK — 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: 98
LITE Omega Ratio Rank: 97
LITE Calmar Ratio Rank: 100
LITE Martin Ratio Rank: 100

SNDK

SNDK Risk / Return Rank: 100
SNDK Sharpe Ratio Rank: 100
SNDK Sortino Ratio Rank: 99
SNDK Omega Ratio Rank: 99
SNDK Calmar Ratio Rank: 100
SNDK Martin Ratio Rank: 100

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. SNDK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lumentum Holdings Inc. (LITE) and Sandisk Corporation (SNDK). 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	SNDK	Difference
Sharpe ratio: Return per unit of total volatility	10.42	48.44	-38.03
Sortino ratio: Return per unit of downside risk	5.21	8.36	-3.15
Omega ratio: Gain probability vs. loss probability	1.68	2.15	-0.47
Calmar ratio: Return relative to maximum drawdown	31.57	155.00	-123.43
Martin ratio: Return relative to average drawdown	111.29	468.86	-357.57

LITE vs. SNDK - Sharpe Ratio Comparison

The current LITE Sharpe Ratio is 10.42, which is lower than the SNDK Sharpe Ratio of 48.44. The chart below compares the historical Sharpe Ratios of LITE and SNDK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LITE vs. SNDK - Drawdown Comparison

The maximum LITE drawdown since its inception was -66.89%, which is greater than SNDK's maximum drawdown of -47.50%. Use the drawdown chart below to compare losses from any high point for LITE and SNDK.

Drawdown Indicators

	LITE	SNDK	Difference
Max Drawdown Largest peak-to-trough decline	-66.89%	-47.50%	-19.39%
Max Drawdown (1Y) Largest decline over 1 year	-28.70%	-31.34%	+2.64%
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	-15.11%	0.00%	-15.11%
Average Drawdown Average peak-to-trough decline	-23.56%	-13.57%	-9.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.13%	10.34%	-2.21%

Volatility

LITE vs. SNDK - Volatility Comparison

Lumentum Holdings Inc. (LITE) and Sandisk Corporation (SNDK) have volatilities of 28.51% and 28.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LITE	SNDK	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.51%	28.09%	+0.42%
Volatility (6M) Calculated over the trailing 6-month period	68.81%	70.78%	-1.97%
Volatility (1Y) Calculated over the trailing 1-year period	87.18%	100.47%	-13.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.18%	97.66%	-37.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.72%	97.66%	-40.94%

Dividends

LITE vs. SNDK - Dividend Comparison

Neither LITE nor SNDK has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

LITE vs. SNDK - Profitability Comparison

The chart below illustrates the profitability comparison between Lumentum Holdings Inc. and Sandisk Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

SNDK - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Sandisk Corporation reported a gross profit of 4.66B and revenue of 5.95B. Therefore, the gross margin over that period was 78.4%.

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%.

SNDK - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Sandisk Corporation reported an operating income of 4.11B and revenue of 5.95B, resulting in an operating margin of 69.1%.

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%.

SNDK - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Sandisk Corporation reported a net income of 3.62B and revenue of 5.95B, resulting in a net margin of 60.8%.

Frequently Asked Questions

Can I hold both LITE and SNDK in my portfolio?

LITE and SNDK have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LITE or SNDK?

LITE has higher volatility (28.51%) compared to SNDK (28.09%). In terms of maximum drawdown, LITE dropped -66.89% vs SNDK's -47.50%.

Which has better risk-adjusted returns?

SNDK currently has the higher Sharpe Ratio (48.44 vs 10.42), 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.