Are FN and LITE correlated?

FN and LITE have a 252-day pairwise correlation of 0.68 (moderate). Values above 0.6 indicate the two stocks tend to move together as part of the same capital flow; below 0.4 they're largely independent.

Do FN and LITE share any ETFs?

No ETF in QuantAbundance's coverage currently holds both FN and LITE.

Which bubbles or themes do FN and LITE share?

FN and LITE share these AI-supercycle groupings: Networking / Optical (bubble), Photonics (theme), AI Hardware (theme).

Stock comparison

FN vs LITE

Fabrinet and Lumentum Holdings Inc. - both members of Networking / Optical.

FNUS

Fabrinet

Last close: $398.36
Market cap: $14.3B
Sector: Information Technology
30d return: -30.3%
90d return: -44.7%
252d return: -

LITEUS

Lumentum Holdings Inc.

Last close: $929.04
Market cap: $83.3B
Sector: Information Technology
30d return: -0.4%
90d return: -2.6%
252d return: -

252-day correlation

0.68moderate

Pearson correlation of daily log-returns over the last 252 trading days. >0.6 = tight (move as one bloc); 0.4-0.6 = thematic linkage;<0.4 = largely independent. See the full matrix.

Shared context

Bubbles

Networking / Optical

Themes

Photonics AI Hardware

Want the full picture? FN stock page · LITE stock page · full correlation matrix

Data refreshes daily. Last close 2026-09-24.