DRS vs MRCY: Correlation
Leonardo DRS, Inc. (DRS) and Mercury Systems Inc (MRCY) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DRS and MRCY?
Across a 3-year window, the weekly returns of DRS and MRCY correlate at 0.48, moderate. The link has tightened recently: the 1-year correlation (0.62) runs above the 3-year figure (0.48). Stretching to 5 years gives 0.31, with an annualized covariance of 896.1 %².
By 3-year correlation, MRCY places #8 of the 14 assets tracked against DRS. Their recent paths diverged sharply: over the last 12 months MRCY outperformed by 39.4 percentage points (-6.6% for DRS against +32.8% for MRCY).
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 MRCY: side by side
| DRS (Leonardo DRS, Inc.) | MRCY (Mercury Systems Inc) | |
|---|---|---|
| 1-year return | -6.6% | +32.8% |
| 5-year return | +245.4% | +79.4% |
| Volatility (ann.) | 38.1% | 48.8% |
| Beta vs S&P 500 | 0.96 | 1.23 |
| Max drawdown (3Y) | -32.5% | -35.0% |
| Market cap | $10.4B | $5.4B |
| P/E (trailing) | 32.4 | – |
| Dividend yield | 0.93% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DRS | MRCY |
|---|---|---|
| 2022 | +35.7% | -18.7% |
| 2023 | +56.8% | -18.3% |
| 2024 | +61.2% | +14.8% |
| 2025 | +6.6% | +73.8% |
| 2026 | +14.9% | +23.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DRS and MRCY 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 MRCY?
As of 2026-08-27, the correlation of weekly returns between DRS and MRCY is 0.48 over 3 years, 0.62 over 1 year and 0.31 over 5 years.
Is MRCY 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?
A reading of 0.48 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
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Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: DRS correlations · MRCY correlations
