DRS vs LMT: Correlation
How closely do Leonardo DRS, Inc. (DRS) and Lockheed Martin (LMT) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DRS and LMT?
On 3 years of weekly data the DRS/LMT correlation comes out at 0.48, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.61 versus 0.48 over 3 years. The 5-year figure is 0.42, and annualized covariance runs at 469.9 %².
By 3-year correlation, LMT places #7 of the 14 assets tracked against DRS. Correlation aside, the last 12 months split them widely, with LMT ahead by 34.5 points (-6.6% versus +27.9%).
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 LMT: side by side
| DRS (Leonardo DRS, Inc.) | LMT (Lockheed Martin) | |
|---|---|---|
| 1-year return | -6.6% | +27.9% |
| 5-year return | +245.4% | +78.9% |
| Volatility (ann.) | 38.1% | 26.0% |
| Beta vs S&P 500 | 0.96 | 0.20 |
| Max drawdown (3Y) | -32.5% | -31.8% |
| Market cap | $10.4B | $130.6B |
| P/E (trailing) | 32.4 | 20.9 |
| Dividend yield | 0.93% | 2.41% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | DRS | LMT |
|---|---|---|
| 2022 | +35.7% | +40.5% |
| 2023 | +56.8% | -4.3% |
| 2024 | +61.2% | +10.0% |
| 2025 | +6.6% | +2.5% |
| 2026 | +14.9% | +18.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DRS and LMT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DRS and LMT?
As of 2026-08-27, the correlation of weekly returns between DRS and LMT is 0.48 over 3 years, 0.61 over 1 year and 0.42 over 5 years.
Is LMT a good diversifier for DRS?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 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/drs-vs-lmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/drs-vs-lmt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DRS correlations · LMT correlations
