CACI vs NOC: Correlation
Measured on weekly returns over the past three years, CACI International, Inc. (CACI) and Northrop Grumman (NOC) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CACI and NOC?
Across a 3-year window, the weekly returns of CACI and NOC correlate at 0.39, moderate. The link has tightened recently: the 1-year correlation (0.52) runs above the 3-year figure (0.39). Stretching to 5 years gives 0.47, with an annualized covariance of 372.3 %².
By 3-year correlation, NOC places #11 of the 16 assets tracked against CACI. Their recent paths diverged sharply: over the last 12 months CACI outperformed by 35.7 percentage points (+30.1% for CACI against -5.6% for NOC).
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 NOC: side by side
| CACI (CACI International, Inc.) | NOC (Northrop Grumman) | |
|---|---|---|
| 1-year return | +30.1% | -5.6% |
| 5-year return | +146.9% | +60.1% |
| Volatility (ann.) | 35.3% | 26.7% |
| Beta vs S&P 500 | 0.56 | 0.24 |
| Max drawdown (3Y) | -42.9% | -35.1% |
| Market cap | $14.0B | $77.4B |
| P/E (trailing) | 25.8 | 17.5 |
| Dividend yield | 0.00% | 1.71% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | CACI | NOC |
|---|---|---|
| 2022 | +11.7% | +43.0% |
| 2023 | +7.7% | -12.8% |
| 2024 | +24.8% | +1.9% |
| 2025 | +31.9% | +23.6% |
| 2026 | +19.0% | -3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CACI and NOC good diversifiers for each other?
Reasonably. At 0.39, CACI and NOC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CACI and NOC?
The CACI/NOC correlation stands at 0.39 on a 3-year window (1 year: 0.52, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is NOC a good diversifier for CACI?
Reasonably. At 0.39, CACI and NOC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 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-noc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/caci-vs-noc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CACI correlations · NOC correlations
