DRS vs RTX: Correlation
Leonardo DRS, Inc. (DRS) and RTX Corporation (RTX) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DRS and RTX?
On 3 years of weekly data the DRS/RTX correlation comes out at 0.43, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. The 5-year figure is 0.40, and annualized covariance runs at 415.6 %².
Within DRS's tracked universe of 14 assets, RTX comes in at #9 by 3-year correlation. The last year tells two different stories: RTX led by 41.3 percentage points, -6.6% for DRS against +34.7% for RTX. Note the risk asymmetry: DRS runs 1.5 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 RTX: side by side
| DRS (Leonardo DRS, Inc.) | RTX (RTX Corporation) | |
|---|---|---|
| 1-year return | -6.6% | +34.7% |
| 5-year return | +245.4% | +178.4% |
| Volatility (ann.) | 38.1% | 25.1% |
| Beta vs S&P 500 | 0.96 | 0.57 |
| Max drawdown (3Y) | -32.5% | -19.7% |
| Market cap | $10.4B | $285.8B |
| P/E (trailing) | 32.4 | 37.3 |
| Dividend yield | 0.93% | 1.31% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | DRS | RTX |
|---|---|---|
| 2022 | +35.7% | +20.0% |
| 2023 | +56.8% | -14.4% |
| 2024 | +61.2% | +40.8% |
| 2025 | +6.6% | +61.4% |
| 2026 | +14.9% | +16.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DRS and RTX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DRS and RTX?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.48 over the last year and 0.40 over 5 years.
Is RTX a good diversifier for DRS?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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-rtx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/drs-vs-rtx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DRS correlations · RTX correlations
