ACP vs LHX: Correlation
abrdn Income Credit Strategies Fund (ACP) and L3Harris (LHX) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACP and LHX?
On 3 years of weekly data the ACP/LHX correlation comes out at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. The 5-year figure is 0.27, and annualized covariance runs at 174.2 %².
Among the 12 assets we track against ACP, LHX sits near the bottom by co-movement, at rank #8. Neither side won the trailing year by much: +1.1% against -3.8%.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ACP vs LHX: side by side
| ACP (abrdn Income Credit Strategies Fund) | LHX (L3Harris) | |
|---|---|---|
| 1-year return | +1.1% | -3.8% |
| 5-year return | +0.6% | +24.4% |
| Volatility (ann.) | 16.0% | 23.0% |
| Beta vs S&P 500 | 0.59 | 0.51 |
| Max drawdown (3Y) | -19.0% | -30.3% |
| Market cap | $0.6B | $48.8B |
| P/E (trailing) | 7.7 | 26.6 |
| Dividend yield | 18.53% | 1.09% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | ACP | LHX |
|---|---|---|
| 2022 | -22.9% | -0.5% |
| 2023 | +19.3% | +3.7% |
| 2024 | +4.8% | +1.9% |
| 2025 | +6.6% | +42.3% |
| 2026 | +4.9% | -10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACP and LHX good diversifiers for each other?
Reasonably. At 0.47, ACP and LHX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ACP and LHX?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.37 over the last year and 0.27 over 5 years.
Is LHX a good diversifier for ACP?
Reasonably. At 0.47, ACP and LHX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acp-vs-lhx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/acp-vs-lhx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACP correlations · LHX correlations
