Are FN and LITE correlated?

FN and LITE have a 252-day pairwise correlation of 0.71 (tight). 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?

Yes - 1 ETFs hold both FN and LITE, including LYTE.

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: $327.13
Market cap: $11.7B
Sector: Information Technology
30d return: -21.6%
90d return: -40.2%
252d return: -

LITEUS

Lumentum Holdings Inc.

Last close: $538.59
Market cap: $48.8B
Sector: Information Technology
30d return: -42.8%
90d return: -32.8%
252d return: -

252-day correlation

0.71tight

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

Data refreshes daily. Last close 2026-11-08.

252-day correlation

Shared context

Bubbles

Themes

ETFs (1)