DRS vs GD: Correlation
Leonardo DRS, Inc. (DRS) and General Dynamics (GD) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DRS and GD?
Over the past 3 years, DRS and GD moved with a correlation of 0.50, which is moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 405.2 %².
Within DRS's tracked universe of 14 assets, GD comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GD outperformed by 25.4 percentage points (-6.6% for DRS against +18.8% for GD). Note the risk asymmetry: DRS runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
DRS vs GD: side by side
| DRS (Leonardo DRS, Inc.) | GD (General Dynamics) | |
|---|---|---|
| 1-year return | -6.6% | +18.8% |
| 5-year return | +245.4% | +111.9% |
| Volatility (ann.) | 38.1% | 21.1% |
| Beta vs S&P 500 | 0.96 | 0.52 |
| Max drawdown (3Y) | -32.5% | -22.5% |
| Market cap | $10.4B | $102.8B |
| P/E (trailing) | 32.4 | 23.3 |
| Dividend yield | 0.93% | 1.62% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | DRS | GD |
|---|---|---|
| 2022 | +35.7% | +21.7% |
| 2023 | +56.8% | +7.1% |
| 2024 | +61.2% | +3.5% |
| 2025 | +6.6% | +30.4% |
| 2026 | +14.9% | +14.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DRS and GD good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DRS and GD?
The DRS/GD correlation stands at 0.50 on a 3-year window (1 year: 0.52, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is GD a good diversifier for DRS?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 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/drs-vs-gd.json
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Related comparisons
Hubs: DRS correlations · GD correlations
