MOD vs. LITE
MOD (Modine Manufacturing Company) and LITE (Lumentum Holdings Inc.) are both stocks. MOD operates in Auto Parts (Consumer Cyclical), while LITE operates in Communication Equipment (Technology). Over the past 10 years, MOD returned 39.33%/yr vs 43.30%/yr for LITE. At a 0.34 correlation, their price movements are largely independent.
Performance
MOD vs. LITE - Performance Comparison
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Returns By Period
In the year-to-date period, MOD achieves a 106.15% return, which is significantly lower than LITE's 142.93% return. Over the past 10 years, MOD has underperformed LITE with an annualized return of 39.33%, while LITE has yielded a comparatively higher 43.30% annualized return.
MOD
- 1D
- -0.46%
- 1M
- 0.82%
- YTD
- 106.15%
- 6M
- 78.85%
- 1Y
- 193.99%
- 3Y*
- 104.57%
- 5Y*
- 73.77%
- 10Y*
- 39.33%
LITE
- 1D
- 3.68%
- 1M
- -0.93%
- YTD
- 142.93%
- 6M
- 161.38%
- 1Y
- 999.19%
- 3Y*
- 159.80%
- 5Y*
- 62.02%
- 10Y*
- 43.30%
MOD vs. LITE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MOD Modine Manufacturing Company | 106.15% | 15.16% | 94.19% | 200.60% | 96.83% | -19.67% | 63.12% | -28.77% | -46.49% | 35.57% |
LITE Lumentum Holdings Inc. | 142.93% | 339.06% | 60.15% | 0.48% | -50.68% | 11.57% | 19.55% | 88.76% | -14.09% | 26.52% |
Correlation
The correlation between MOD and LITE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2015 | 0.34 |
The correlation between MOD and LITE shifts across timeframes, from 0.34 (all time) to 0.45 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
MOD:
$14.86B
LITE:
$86.14B
MOD:
$4.66
LITE:
$5.26
MOD:
59.05
LITE:
170.11
MOD:
4.64
LITE:
30.07
MOD:
12.36
LITE:
28.97
MOD:
$3.18B
LITE:
$2.49B
MOD:
$731.10M
LITE:
$938.50M
MOD:
$276.90M
LITE:
$470.10M
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Return for Risk
MOD vs. LITE — Risk / Return Rank
MOD
LITE
MOD vs. LITE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Modine Manufacturing Company (MOD) 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.
| MOD | LITE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.34 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.73 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 7.09 | 35.18 | -28.09 |
| Martin ratioReturn relative to average drawdown | 20.47 | 134.51 | -114.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MOD | LITE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.94 | 11.76 | -8.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 1.04 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.77 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.75 | -0.53 |
Drawdowns
MOD vs. LITE - Drawdown Comparison
The maximum MOD drawdown since its inception was -97.53%, which is greater than LITE's maximum drawdown of -66.89%. Use the drawdown chart below to compare losses from any high point for MOD and LITE.
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Drawdown Indicators
| MOD | LITE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.53% | -66.89% | -30.64% |
Max Drawdown (1Y)Largest decline over 1 year | -27.55% | -28.70% | +1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -51.61% | -50.63% | -0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -56.14% | -66.48% | +10.34% |
Max Drawdown (10Y)Largest decline over 10 years | -88.13% | -66.89% | -21.24% |
Current DrawdownCurrent decline from peak | -10.32% | -14.97% | +4.65% |
Average DrawdownAverage peak-to-trough decline | -37.67% | -23.16% | -14.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.52% | 7.49% | +2.03% |
Volatility
MOD vs. LITE - Volatility Comparison
The current volatility for Modine Manufacturing Company (MOD) is 24.73%, while Lumentum Holdings Inc. (LITE) has a volatility of 31.18%. This indicates that MOD experiences smaller price fluctuations and is considered to be less risky than LITE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MOD | LITE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.73% | 31.18% | -6.45% |
Volatility (6M)Calculated over the trailing 6-month period | 52.64% | 69.07% | -16.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.47% | 86.01% | -19.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.28% | 59.79% | +0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.81% | 56.55% | +2.26% |
Dividends
MOD vs. LITE - Dividend Comparison
Neither MOD nor LITE has paid dividends to shareholders.
Financials
MOD vs. LITE - Financials Comparison
This section allows you to compare key financial metrics between Modine Manufacturing Company and Lumentum Holdings 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
MOD vs. LITE - Profitability Comparison
MOD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Modine Manufacturing Company reported a gross profit of 214.70M and revenue of 954.40M. Therefore, the gross margin over that period was 22.5%.
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%.
MOD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Modine Manufacturing Company reported an operating income of 96.40M and revenue of 954.40M, resulting in an operating margin of 10.1%.
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%.
MOD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Modine Manufacturing Company reported a net income of 201.50M and revenue of 954.40M, resulting in a net margin of 21.1%.
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%.
Frequently Asked Questions
MOD and LITE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LITE has higher volatility (31.18%) compared to MOD (24.73%). In terms of maximum drawdown, MOD dropped -97.53% vs LITE's -66.89%.
LITE currently has the higher Sharpe Ratio (11.76 vs 2.94), 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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