CACI vs LHX: Correlation
CACI International, Inc. (CACI) and L3Harris (LHX) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CACI and LHX?
Across a 3-year window, the weekly returns of CACI and LHX correlate at 0.49, moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. Stretching to 5 years gives 0.55, with an annualized covariance of 401.9 %².
Among the 16 assets we track against CACI, LHX ranks #8 by 3-year correlation. The last year tells two different stories: CACI led by 33.9 percentage points, +30.1% for CACI against -3.8% for LHX. One caveat on sizing: CACI is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CACI vs LHX: side by side
| CACI (CACI International, Inc.) | LHX (L3Harris) | |
|---|---|---|
| 1-year return | +30.1% | -3.8% |
| 5-year return | +146.9% | +24.4% |
| Volatility (ann.) | 35.3% | 23.0% |
| Beta vs S&P 500 | 0.56 | 0.51 |
| Max drawdown (3Y) | -42.9% | -30.3% |
| Market cap | $14.0B | $48.8B |
| P/E (trailing) | 25.8 | 26.6 |
| Dividend yield | 0.00% | 1.09% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | CACI | LHX |
|---|---|---|
| 2022 | +11.7% | -0.5% |
| 2023 | +7.7% | +3.7% |
| 2024 | +24.8% | +1.9% |
| 2025 | +31.9% | +42.3% |
| 2026 | +19.0% | -10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CACI and LHX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CACI and LHX?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.52 over the last year and 0.55 over 5 years.
Is LHX a good diversifier for CACI?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/caci-vs-lhx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/caci-vs-lhx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CACI correlations · LHX correlations
