SNDK vs. LITE
SNDK (Sandisk Corporation) and LITE (Lumentum Holdings Inc.) are both stocks. Both are in the Technology sector — SNDK in Computer Hardware, LITE in Communication Equipment. Over the past year, SNDK returned 2839.34% vs 569.24% for LITE. Their 0.50 correlation means they have sometimes moved together and sometimes differently.
Performance
SNDK vs. LITE - Performance Comparison
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Returns By Period
In the year-to-date period, SNDK achieves a 411.77% return, which is significantly higher than LITE's 93.69% return.
SNDK
- 1D
- -5.09%
- 1M
- -30.38%
- 6M
- 110.82%
- YTD
- 411.77%
- 1Y
- 2,839.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 806.91%
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 | |
| $23.61B | $23.57B | $22.19B |
SNDK vs. LITE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SNDK Sandisk Corporation | 411.77% | 356.50% |
LITE Lumentum Holdings Inc. | 93.69% | 402.51% |
Correlation
The correlation between SNDK and LITE is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2025 | 0.50 |
The correlation between SNDK and LITE has been stable across timeframes, ranging from 0.50 to 0.54 - a consistent structural relationship.
Fundamentals
SNDK:
$179.90B
LITE:
$55.54B
SNDK:
$29.27
LITE:
$5.03
SNDK:
41.51
LITE:
141.90
SNDK:
14.19
LITE:
25.09
SNDK:
13.84
LITE:
23.10
SNDK:
$13.18B
LITE:
$2.49B
SNDK:
$7.39B
LITE:
$938.50M
SNDK:
$5.37B
LITE:
$470.10M
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Return for Risk
SNDK vs. LITE — Risk / Return Rank
SNDK
LITE
SNDK vs. LITE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sandisk Corporation (SNDK) 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.
| SNDK | LITE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +18.09 | ||
| Sortino ratioReturn per unit of downside risk | +2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.80 | 1.50 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 49.00 | 12.93 | +36.07 |
| Martin ratioReturn relative to average drawdown | 190.58 | 44.86 | +145.72 |
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Drawdowns
SNDK vs. LITE - Drawdown Comparison
The maximum SNDK drawdown since its inception was -56.49%, smaller than the maximum LITE drawdown of -66.89%. Use the drawdown chart below to compare losses from any high point for SNDK and LITE.
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Drawdown Indicators
| SNDK | LITE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.49% | -66.89% | +10.40% |
Max Drawdown (1Y)Largest decline over 1 year | -56.49% | -42.80% | -13.69% |
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 | -47.97% | -32.21% | -15.76% |
Average DrawdownAverage peak-to-trough decline | -14.74% | -23.59% | +8.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.50% | 12.31% | +2.19% |
Volatility
SNDK vs. LITE - Volatility Comparison
Sandisk Corporation (SNDK) has a higher volatility of 46.43% compared to Lumentum Holdings Inc. (LITE) at 31.86%. This indicates that SNDK'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
| SNDK | LITE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 46.43% | 31.86% | +14.57% |
Volatility (6M)Calculated over the trailing 6-month period | 84.39% | 70.58% | +13.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 115.21% | 93.02% | +22.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 105.63% | 61.98% | +43.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 105.63% | 57.45% | +48.18% |
Dividends
SNDK vs. LITE - Dividend Comparison
Neither SNDK nor LITE has paid dividends to shareholders.
Financials
SNDK vs. LITE - Financials Comparison
This section allows you to compare key financial metrics between Sandisk Corporation 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
SNDK vs. LITE - Profitability Comparison
SNDK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Sandisk Corporation reported a gross profit of 4.66B and revenue of 5.95B. Therefore, the gross margin over that period was 78.4%.
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%.
SNDK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Sandisk Corporation reported an operating income of 4.11B and revenue of 5.95B, resulting in an operating margin of 69.1%.
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%.
SNDK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Sandisk Corporation reported a net income of 3.62B and revenue of 5.95B, resulting in a net margin of 60.8%.
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
SNDK and LITE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNDK has higher volatility (46.43%) compared to LITE (31.86%). In terms of maximum drawdown, SNDK dropped -56.49% vs LITE's -66.89%.
SNDK currently has the higher Sharpe Ratio (24.03 vs 5.95), 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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