SATL vs. LITE

Last updated Jun 23, 2026

SATL (Satellogic V Inc) and LITE (Lumentum Holdings Inc.) are both stocks. SATL operates in Aerospace & Defense (Industrials), while LITE operates in Communication Equipment (Technology). Over the past 5 years, SATL returned -10.60%/yr vs 61.67%/yr for LITE. At a 0.13 correlation, their price movements are largely independent.

Performance

SATL vs. LITE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Satellogic V Inc (SATL) 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, SATL achieves a 203.48% return, which is significantly higher than LITE's 142.53% return.

SATL

• 1D: -5.89%
• 1M: -46.51%
• YTD: 203.48%
• 6M: 165.19%
• 1Y: 59.86%
• 3Y*: 43.76%
• 5Y*: -10.60%
• 10Y*: —

LITE

• 1D: 5.17%
• 1M: -5.59%
• YTD: 142.53%
• 6M: 129.28%
• 1Y: 897.02%
• 3Y*: 152.86%
• 5Y*: 61.67%
• 10Y*: 43.45%

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

SATL vs. LITE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SATL Satellogic V Inc	203.48%	-34.39%	62.86%	-42.62%	-68.56%	-2.02%
LITE Lumentum Holdings Inc.	142.53%	339.06%	60.15%	0.48%	-50.68%	23.36%

Correlation

The correlation between SATL and LITE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (All Time) Calculated using the full available price history since Mar 26, 2021	0.13

Fundamentals

Market Cap SATL : $799.85M LITE : $86.00B
EPS SATL : -$0.71 LITE : $5.26
PS Ratio SATL : 35.37 LITE : 30.02
Total Revenue (TTM) SATL : $20.43M LITE : $2.49B
Gross Profit (TTM) SATL : $7.65M LITE : $938.50M
EBITDA (TTM) SATL : -$22.81M LITE : $470.10M

Return for Risk

SATL vs. LITE — Risk / Return Rank

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

SATL

SATL Risk / Return Rank: 63
SATL Sharpe Ratio Rank: 59
SATL Sortino Ratio Rank: 68
SATL Omega Ratio Rank: 65
SATL Calmar Ratio Rank: 61
SATL Martin Ratio Rank: 60

LITE

LITE Risk / Return Rank: 99
LITE Sharpe Ratio Rank: 100
LITE Sortino Ratio Rank: 98
LITE Omega Ratio Rank: 97
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.

SATL vs. LITE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Satellogic V Inc (SATL) 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.

	SATL	LITE	Difference
Sharpe ratio: Return per unit of total volatility	0.50	10.42	-9.92
Sortino ratio: Return per unit of downside risk	1.59	5.21	-3.62
Omega ratio: Gain probability vs. loss probability	1.19	1.68	-0.49
Calmar ratio: Return relative to maximum drawdown	0.87	31.57	-30.70
Martin ratio: Return relative to average drawdown	1.85	111.29	-109.44

SATL vs. LITE - Sharpe Ratio Comparison

The current SATL Sharpe Ratio is 0.50, which is lower than the LITE Sharpe Ratio of 10.42. The chart below compares the historical Sharpe Ratios of SATL 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.

Drawdowns

SATL vs. LITE - Drawdown Comparison

The maximum SATL drawdown since its inception was -94.40%, which is greater than LITE's maximum drawdown of -66.89%. Use the drawdown chart below to compare losses from any high point for SATL and LITE.

Drawdown Indicators

	SATL	LITE	Difference
Max Drawdown Largest peak-to-trough decline	-94.40%	-66.89%	-27.51%
Max Drawdown (1Y) Largest decline over 1 year	-69.32%	-28.70%	-40.62%
Max Drawdown (3Y) Largest decline over 3 years	-73.21%	-50.63%	-22.58%
Max Drawdown (5Y) Largest decline over 5 years	-94.40%	-66.48%	-27.92%
Max Drawdown (10Y) Largest decline over 10 years	—	-66.89%	—
Current Drawdown Current decline from peak	-53.97%	-15.11%	-38.86%
Average Drawdown Average peak-to-trough decline	-62.10%	-23.56%	-38.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.38%	8.13%	+24.25%

Volatility

SATL vs. LITE - Volatility Comparison

Satellogic V Inc (SATL) has a higher volatility of 34.14% compared to Lumentum Holdings Inc. (LITE) at 28.51%. This indicates that SATL'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

	SATL	LITE	Difference
Volatility (1M) Calculated over the trailing 1-month period	34.14%	28.51%	+5.63%
Volatility (6M) Calculated over the trailing 6-month period	98.86%	68.81%	+30.05%
Volatility (1Y) Calculated over the trailing 1-year period	120.91%	87.18%	+33.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	106.80%	60.18%	+46.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	104.32%	56.72%	+47.60%

Dividends

SATL vs. LITE - Dividend Comparison

Neither SATL nor LITE has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both SATL and LITE in my portfolio?

SATL and LITE have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SATL or LITE?

SATL has higher volatility (34.14%) compared to LITE (28.51%). In terms of maximum drawdown, SATL dropped -94.40% vs LITE's -66.89%.

Which has better risk-adjusted returns?

LITE currently has the higher Sharpe Ratio (10.42 vs 0.50), 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.