PCT vs. LNW

Last updated Jun 3, 2026

PCT (PureCycle Technologies, Inc.) and LNW (Light & Wonder Inc) are both stocks. PCT operates in Pollution & Treatment Controls (Industrials), while LNW operates in Gambling (Consumer Cyclical). Over the past 5 years, PCT returned -7.47%/yr vs 3.22%/yr for LNW. At a 0.30 correlation, their price movements are largely independent.

Performance

PCT vs. LNW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PureCycle Technologies, Inc. (PCT) and Light & Wonder Inc (LNW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PCT

• 1D: 5.03%
• 1M: 63.42%
• YTD: 49.53%
• 6M: 54.20%
• 1Y: 38.12%
• 3Y*: 19.33%
• 5Y*: -7.47%
• 10Y*: —

LNW

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 1.14%
• 3Y*: 11.21%
• 5Y*: 3.22%
• 10Y*: 24.15%

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

PCT vs. LNW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PCT PureCycle Technologies, Inc.	49.53%	-16.20%	153.09%	-40.09%	-29.36%	-40.67%	58.14%
LNW Light & Wonder Inc	0.00%	-0.19%	5.20%	40.12%	-12.31%	61.07%	166.99%

Correlation

The correlation between PCT and LNW is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (All Time) Calculated using the full available price history since Jul 15, 2020	0.30

The correlation between PCT and LNW shifts across timeframes, from 0.16 (1 year) to 0.31 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap PCT : $2.32B LNW : $6.83B
EPS PCT : -$1.24 LNW : $5.06
PS Ratio PCT : 213.60 LNW : 2.17
Total Revenue (TTM) PCT : $10.90M LNW : $3.33B
Gross Profit (TTM) PCT : -$112.92M LNW : $2.37B
EBITDA (TTM) PCT : -$117.00M LNW : $1.01B

Return for Risk

PCT vs. LNW — Risk / Return Rank

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

PCT

PCT Risk / Return Rank: 55
PCT Sharpe Ratio Rank: 57
PCT Sortino Ratio Rank: 59
PCT Omega Ratio Rank: 56
PCT Calmar Ratio Rank: 52
PCT Martin Ratio Rank: 50

LNW

LNW Risk / Return Rank: 33
LNW Sharpe Ratio Rank: 41
LNW Sortino Ratio Rank: 36
LNW Omega Ratio Rank: 40
LNW Calmar Ratio Rank: 23
LNW Martin Ratio Rank: 23

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.

PCT vs. LNW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PureCycle Technologies, Inc. (PCT) and Light & Wonder Inc (LNW). 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.

	PCT	LNW	Difference
Sharpe ratio Return per unit of total volatility	0.48	0.04	+0.43
Sortino ratio Return per unit of downside risk	1.28	0.31	+0.96
Omega ratio Gain probability vs. loss probability	1.15	1.06	+0.09
Calmar ratio Return relative to maximum drawdown	0.50	-0.51	+1.01
Martin ratio Return relative to average drawdown	0.88	-0.87	+1.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PCT vs. LNW - Sharpe Ratio Comparison

The current PCT Sharpe Ratio is 0.48, which is higher than the LNW Sharpe Ratio of 0.04. The chart below compares the historical Sharpe Ratios of PCT and LNW, 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

	PCT	LNW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.48	0.04	+0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.08	0.08	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.41	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.15	-0.10

Drawdowns

PCT vs. LNW - Drawdown Comparison

The maximum PCT drawdown since its inception was -92.66%, roughly equal to the maximum LNW drawdown of -96.51%. Use the drawdown chart below to compare losses from any high point for PCT and LNW.

Drawdown Indicators

	PCT	LNW	Difference
Max Drawdown Largest peak-to-trough decline	-92.66%	-96.51%	+3.85%
Max Drawdown (1Y) Largest decline over 1 year	-70.09%	-29.37%	-40.72%
Max Drawdown (3Y) Largest decline over 3 years	-79.73%	-36.63%	-43.10%
Max Drawdown (5Y) Largest decline over 5 years	-90.61%	-53.82%	-36.79%
Max Drawdown (10Y) Largest decline over 10 years	—	-93.41%	—
Current Drawdown Current decline from peak	-60.71%	-23.48%	-37.23%
Average Drawdown Average peak-to-trough decline	-63.20%	-53.15%	-10.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.90%	19.57%	+20.33%

Volatility

PCT vs. LNW - Volatility Comparison

PureCycle Technologies, Inc. (PCT) has a higher volatility of 29.55% compared to Light & Wonder Inc (LNW) at 0.00%. This indicates that PCT's price experiences larger fluctuations and is considered to be riskier than LNW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PCT	LNW	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.55%	0.00%	+29.55%
Volatility (6M) Calculated over the trailing 6-month period	63.24%	16.78%	+46.46%
Volatility (1Y) Calculated over the trailing 1-year period	80.37%	35.31%	+45.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	92.37%	42.49%	+49.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	91.10%	61.47%	+29.63%

Dividends

PCT vs. LNW - Dividend Comparison

Neither PCT nor LNW has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both PCT and LNW in my portfolio?

PCT and LNW 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.

Which is riskier, PCT or LNW?

PCT has higher volatility (29.55%) compared to LNW (0.00%). In terms of maximum drawdown, PCT dropped -92.66% vs LNW's -96.51%.

Which has better risk-adjusted returns?

PCT currently has the higher Sharpe Ratio (0.48 vs 0.04), 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.