DRS vs NOC: Correlation
Leonardo DRS, Inc. (DRS) and Northrop Grumman (NOC) 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 NOC?
Over the past 3 years, DRS and NOC moved with a correlation of 0.50, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.63 versus 0.50 over 3 years. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 505.6 %².
Within DRS's tracked universe of 14 assets, NOC comes in at #5 by 3-year correlation. Their 12-month results are close: -6.6% for DRS 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.
DRS vs NOC: side by side
| DRS (Leonardo DRS, Inc.) | NOC (Northrop Grumman) | |
|---|---|---|
| 1-year return | -6.6% | -5.6% |
| 5-year return | +245.4% | +60.1% |
| Volatility (ann.) | 38.1% | 26.7% |
| Beta vs S&P 500 | 0.96 | 0.24 |
| Max drawdown (3Y) | -32.5% | -35.1% |
| Market cap | $10.4B | $77.4B |
| P/E (trailing) | 32.4 | 17.5 |
| Dividend yield | 0.93% | 1.71% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | DRS | NOC |
|---|---|---|
| 2022 | +35.7% | +43.0% |
| 2023 | +56.8% | -12.8% |
| 2024 | +61.2% | +1.9% |
| 2025 | +6.6% | +23.6% |
| 2026 | +14.9% | -3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DRS and NOC good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DRS and NOC?
The DRS/NOC correlation stands at 0.50 on a 3-year window (1 year: 0.63, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is NOC a good diversifier for DRS?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/drs-vs-noc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/drs-vs-noc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DRS correlations · NOC correlations
