OPTX vs. LITE
OPTX (Syntec Optics Holdings Inc.) and LITE (Lumentum Holdings Inc.) are both stocks. Both are in the Technology sector — OPTX in Electronic Components, LITE in Communication Equipment. Over the past year, OPTX returned 714.84% vs 1107.98% for LITE. At a 0.17 correlation, their price movements are largely independent.
Performance
OPTX vs. LITE - Performance Comparison
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Returns By Period
In the year-to-date period, OPTX achieves a 341.61% return, which is significantly higher than LITE's 154.48% return.
OPTX
- 1D
- -4.54%
- 1M
- 56.31%
- YTD
- 341.61%
- 6M
- 795.74%
- 1Y
- 714.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
OPTX vs. LITE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
OPTX Syntec Optics Holdings Inc. | 341.61% | 13.49% | -49.90% | -3.27% |
LITE Lumentum Holdings Inc. | 154.48% | 339.06% | 60.15% | 22.28% |
Correlation
The correlation between OPTX and LITE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2023 | 0.17 |
Fundamentals
OPTX:
$466.30M
LITE:
$90.24B
OPTX:
-$0.05
LITE:
$5.26
OPTX:
16.60
LITE:
31.50
OPTX:
48.87
LITE:
30.35
OPTX:
$28.08M
LITE:
$2.49B
OPTX:
$6.53M
LITE:
$938.50M
OPTX:
$1.52M
LITE:
$470.10M
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Return for Risk
OPTX vs. LITE — Risk / Return Rank
OPTX
LITE
OPTX vs. LITE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Syntec Optics Holdings Inc. (OPTX) 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.
| OPTX | LITE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 5.01 | 13.13 | -8.12 |
Sortino ratioReturn per unit of downside risk | 3.95 | 5.79 | -1.84 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.77 | -0.35 |
Calmar ratioReturn relative to maximum drawdown | 12.72 | 39.02 | -26.31 |
Martin ratioReturn relative to average drawdown | 28.86 | 152.77 | -123.91 |
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
| OPTX | LITE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.01 | 13.13 | -8.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.06 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.76 | -0.52 |
Drawdowns
OPTX vs. LITE - Drawdown Comparison
The maximum OPTX drawdown since its inception was -90.40%, which is greater than LITE's maximum drawdown of -66.89%. Use the drawdown chart below to compare losses from any high point for OPTX and LITE.
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Drawdown Indicators
| OPTX | LITE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.40% | -66.89% | -23.51% |
Max Drawdown (1Y)Largest decline over 1 year | -56.75% | -28.70% | -28.05% |
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 DrawdownCurrent decline from peak | -4.54% | -10.93% | +6.39% |
Average DrawdownAverage peak-to-trough decline | -64.65% | -23.17% | -41.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.95% | 7.32% | +17.63% |
Volatility
OPTX vs. LITE - Volatility Comparison
Syntec Optics Holdings Inc. (OPTX) has a higher volatility of 45.59% compared to Lumentum Holdings Inc. (LITE) at 30.62%. This indicates that OPTX'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.
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Volatility by Period
| OPTX | LITE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 45.59% | 30.62% | +14.97% |
Volatility (6M)Calculated over the trailing 6-month period | 110.33% | 68.91% | +41.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 143.97% | 85.30% | +58.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 176.42% | 59.65% | +116.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 176.42% | 56.46% | +119.96% |
Dividends
OPTX vs. LITE - Dividend Comparison
Neither OPTX nor LITE has paid dividends to shareholders.
Financials
OPTX vs. LITE - Financials Comparison
This section allows you to compare key financial metrics between Syntec Optics Holdings Inc. 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
OPTX vs. LITE - Profitability Comparison
OPTX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Syntec Optics Holdings Inc. reported a gross profit of 1.77M and revenue of 7.51M. Therefore, the gross margin over that period was 23.6%.
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%.
OPTX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Syntec Optics Holdings Inc. reported an operating income of 318.80K and revenue of 7.51M, resulting in an operating margin of 4.3%.
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%.
OPTX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Syntec Optics Holdings Inc. reported a net income of -343.84K and revenue of 7.51M, resulting in a net margin of -4.6%.
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
OPTX and LITE have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OPTX has higher volatility (45.59%) compared to LITE (30.62%). In terms of maximum drawdown, OPTX dropped -90.40% vs LITE's -66.89%.
LITE currently has the higher Sharpe Ratio (13.13 vs 5.01), 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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