LWLG vs. LITE

Last updated Jun 4, 2026

LWLG (Lightwave Logic, Inc.) and LITE (Lumentum Holdings Inc.) are both stocks. LWLG operates in Specialty Chemicals (Basic Materials), while LITE operates in Communication Equipment (Technology). Over the past 10 years, LWLG returned 35.25%/yr vs 43.96%/yr for LITE. At a 0.20 correlation, their price movements are largely independent.

Performance

LWLG vs. LITE - Performance Comparison

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

Returns By Period

In the year-to-date period, LWLG achieves a 279.32% return, which is significantly higher than LITE's 154.48% return. Over the past 10 years, LWLG has underperformed LITE with an annualized return of 35.25%, while LITE has yielded a comparatively higher 43.96% annualized return.

LWLG

• 1D: -3.38%
• 1M: -22.17%
• YTD: 279.32%
• 6M: 204.96%
• 1Y: 1,116.83%
• 3Y*: 17.02%
• 5Y*: 30.56%
• 10Y*: 35.25%

LITE

• 1D: -8.86%
• 1M: -3.91%
• YTD: 154.48%
• 6M: 209.59%
• 1Y: 1,107.98%
• 3Y*: 160.60%
• 5Y*: 62.83%
• 10Y*: 43.96%

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

LWLG vs. LITE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LWLG Lightwave Logic, Inc.	279.32%	54.29%	-57.83%	15.55%	-71.03%	1,500.00%	32.86%	-1.41%	-37.72%	83.87%
LITE Lumentum Holdings Inc.	154.48%	339.06%	60.15%	0.48%	-50.68%	11.57%	19.55%	88.76%	-14.09%	26.52%

Correlation

The correlation between LWLG and LITE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.21
Correlation (All Time) Calculated using the full available price history since Aug 5, 2015	0.20

The correlation between LWLG and LITE shifts across timeframes, from 0.20 (all time) to 0.32 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS LWLG : -$0.22 LITE : $5.26
PS Ratio LWLG : 4.95K LITE : 31.50
Total Revenue (TTM) LWLG : $243.11K LITE : $2.49B
Gross Profit (TTM) LWLG : -$855.55K LITE : $938.50M
EBITDA (TTM) LWLG : -$14.17M LITE : $470.10M

Return for Risk

LWLG vs. LITE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LWLG

LWLG Risk / Return Rank: 98
LWLG Sharpe Ratio Rank: 100
LWLG Sortino Ratio Rank: 97
LWLG Omega Ratio Rank: 95
LWLG Calmar Ratio Rank: 99
LWLG Martin Ratio Rank: 99

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

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.

LWLG vs. LITE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lightwave Logic, Inc. (LWLG) and Lumentum Holdings Inc. (LITE). 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.

	LWLG	LITE	Difference
Sharpe ratio: Return per unit of total volatility	8.81	13.13	-4.32
Sortino ratio: Return per unit of downside risk	4.67	5.79	-1.12
Omega ratio: Gain probability vs. loss probability	1.57	1.77	-0.20
Calmar ratio: Return relative to maximum drawdown	22.54	39.02	-16.48
Martin ratio: Return relative to average drawdown	48.17	152.77	-104.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LWLG vs. LITE - Sharpe Ratio Comparison

The current LWLG Sharpe Ratio is 8.81, which is lower than the LITE Sharpe Ratio of 13.13. The chart below compares the historical Sharpe Ratios of LWLG and LITE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LWLG	LITE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	8.81	13.13	-4.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	1.06	-0.76
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	0.78	-0.39
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.76	-0.54

Drawdowns

LWLG vs. LITE - Drawdown Comparison

The maximum LWLG drawdown since its inception was -95.76%, which is greater than LITE's maximum drawdown of -66.89%. Use the drawdown chart below to compare losses from any high point for LWLG and LITE.

Drawdown Indicators

	LWLG	LITE	Difference
Max Drawdown Largest peak-to-trough decline	-95.76%	-66.89%	-28.87%
Max Drawdown (1Y) Largest decline over 1 year	-50.08%	-28.70%	-21.38%
Max Drawdown (3Y) Largest decline over 3 years	-90.57%	-50.63%	-39.94%
Max Drawdown (5Y) Largest decline over 5 years	-95.76%	-66.48%	-29.28%
Max Drawdown (10Y) Largest decline over 10 years	-95.76%	-66.89%	-28.87%
Current Drawdown Current decline from peak	-37.17%	-10.93%	-26.24%
Average Drawdown Average peak-to-trough decline	-43.16%	-23.17%	-19.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.39%	7.32%	+16.07%

Volatility

LWLG vs. LITE - Volatility Comparison

Lightwave Logic, Inc. (LWLG) has a higher volatility of 41.13% compared to Lumentum Holdings Inc. (LITE) at 30.62%. This indicates that LWLG's price experiences larger fluctuations and is considered to be riskier than LITE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LWLG	LITE	Difference
Volatility (1M) Calculated over the trailing 1-month period	41.13%	30.62%	+10.51%
Volatility (6M) Calculated over the trailing 6-month period	94.96%	68.91%	+26.05%
Volatility (1Y) Calculated over the trailing 1-year period	128.24%	85.30%	+42.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	104.80%	59.65%	+45.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.26%	56.46%	+32.80%

Dividends

LWLG vs. LITE - Dividend Comparison

Neither LWLG nor LITE has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both LWLG and LITE in my portfolio?

LWLG and LITE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LWLG or LITE?

LWLG has higher volatility (41.13%) compared to LITE (30.62%). In terms of maximum drawdown, LWLG dropped -95.76% vs LITE's -66.89%.

Which has better risk-adjusted returns?

LITE currently has the higher Sharpe Ratio (13.13 vs 8.81), 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.