OWLT vs. LITE
OWLT (Owlet, Inc.) and LITE (Lumentum Holdings Inc.) are both stocks. OWLT operates in Medical Devices (Healthcare), while LITE operates in Communication Equipment (Technology). Over the past 5 years, OWLT returned -48.27%/yr vs 53.42%/yr for LITE. Their 0.14 correlation means their historical movements had little consistent relationship.
Performance
OWLT vs. LITE - Performance Comparison
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Returns By Period
In the year-to-date period, OWLT achieves a -68.25% return, which is significantly lower than LITE's 93.69% return.
OWLT
- 1D
- -2.10%
- 1M
- -10.76%
- 6M
- -57.42%
- YTD
- -68.25%
- 1Y
- -30.45%
- 3Y*
- 2.74%
- 5Y*
- -48.27%
- 10Y*
- —
- ALL TIME*
- -43.61%
LITE
- 1D
- 2.99%
- 1M
- -1.97%
- 6M
- 82.20%
- YTD
- 93.69%
- 1Y
- 569.24%
- 3Y*
- 140.32%
- 5Y*
- 53.42%
- 10Y*
- 37.52%
- ALL TIME*
- 36.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.39B | $3.22B | $4.79B | |
OWLT Owlet, Inc. | $548.75K | $782.41K | $1.12M |
OWLT vs. LITE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
OWLT Owlet, Inc. | -68.25% | 263.82% | -15.72% | -32.54% | -79.06% | -73.75% | 3.78% |
LITE Lumentum Holdings Inc. | 93.69% | 339.06% | 60.15% | 0.48% | -50.68% | 11.57% | 11.66% |
Correlation
The correlation between OWLT and LITE is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2020 | 0.14 |
Fundamentals
OWLT:
$93.01M
LITE:
$55.54B
OWLT:
-$0.03
LITE:
$5.03
OWLT:
67.40
LITE:
25.09
OWLT:
1.26K
LITE:
23.10
OWLT:
$107.06M
LITE:
$2.49B
OWLT:
$54.38M
LITE:
$938.50M
OWLT:
-$17.58M
LITE:
$470.10M
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Return for Risk
OWLT vs. LITE — Risk / Return Rank
OWLT
LITE
OWLT vs. LITE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Owlet, Inc. (OWLT) 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.
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.
| OWLT | LITE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.29 | ||
| Sortino ratioReturn per unit of downside risk | -4.01 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.50 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | 12.93 | -13.34 |
| Martin ratioReturn relative to average drawdown | -0.66 | 44.86 | -45.52 |
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Drawdowns
OWLT vs. LITE - Drawdown Comparison
The maximum OWLT drawdown since its inception was -98.14%, which is greater than LITE's maximum drawdown of -66.89%. Use the drawdown chart below to compare losses from any high point for OWLT and LITE.
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Drawdown Indicators
| OWLT | LITE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.14% | -66.89% | -31.25% |
Max Drawdown (1Y)Largest decline over 1 year | -73.12% | -42.80% | -30.32% |
Max Drawdown (3Y)Largest decline over 3 years | -73.12% | -50.63% | -22.49% |
Max Drawdown (5Y)Largest decline over 5 years | -98.06% | -66.48% | -31.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.89% | — |
Current DrawdownCurrent decline from peak | -96.59% | -32.21% | -64.38% |
Average DrawdownAverage peak-to-trough decline | -78.39% | -23.59% | -54.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.86% | 12.31% | +32.55% |
Volatility
OWLT vs. LITE - Volatility Comparison
The current volatility for Owlet, Inc. (OWLT) is 16.53%, while Lumentum Holdings Inc. (LITE) has a volatility of 31.86%. This indicates that OWLT 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
| OWLT | LITE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.53% | 31.86% | -15.33% |
Volatility (6M)Calculated over the trailing 6-month period | 69.77% | 70.58% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 86.18% | 93.02% | -6.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.68% | 61.98% | +28.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.24% | 57.45% | +27.79% |
Dividends
OWLT vs. LITE - Dividend Comparison
Neither OWLT nor LITE has paid dividends to shareholders.
Financials
OWLT vs. LITE - Financials Comparison
This section allows you to compare key financial metrics between Owlet, 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
OWLT vs. LITE - Profitability Comparison
OWLT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Owlet, Inc. reported a gross profit of 12.20M and revenue of 22.50M. Therefore, the gross margin over that period was 54.2%.
LITE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
OWLT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Owlet, Inc. reported an operating income of -5.60M and revenue of 22.50M, resulting in an operating margin of -24.9%.
LITE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Lumentum Holdings Inc. reported an operating income of 174.50M and revenue of 808.40M, resulting in an operating margin of 21.6%.
OWLT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Owlet, Inc. reported a net income of -4.10M and revenue of 22.50M, resulting in a net margin of -18.2%.
LITE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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
OWLT and LITE have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LITE has higher volatility (31.86%) compared to OWLT (16.53%). In terms of maximum drawdown, OWLT dropped -98.14% vs LITE's -66.89%.
LITE currently has the higher Sharpe Ratio (5.95 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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