DRS vs VVX: Correlation
Leonardo DRS, Inc. (DRS) and V2X, Inc. (VVX) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DRS and VVX?
On 3 years of weekly data the DRS/VVX correlation comes out at 0.53, moderate. The link has tightened recently: the 1-year correlation (0.68) runs above the 3-year figure (0.53). The 5-year figure is 0.38, and annualized covariance runs at 877.0 %².
Few assets follow DRS as closely as VVX, which ranks #3 of 14 tracked partners. Their recent paths diverged sharply: over the last 12 months VVX outperformed by 40.9 percentage points (-6.6% for DRS against +34.3% for VVX).
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 VVX: side by side
| DRS (Leonardo DRS, Inc.) | VVX (V2X, Inc.) | |
|---|---|---|
| 1-year return | -6.6% | +34.3% |
| 5-year return | +245.4% | +58.1% |
| Volatility (ann.) | 38.1% | 43.9% |
| Beta vs S&P 500 | 0.96 | 0.98 |
| Max drawdown (3Y) | -32.5% | -38.9% |
| Market cap | $10.4B | $2.5B |
| P/E (trailing) | 32.4 | 26.9 |
| Dividend yield | 0.93% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DRS | VVX |
|---|---|---|
| 2022 | +35.7% | -9.8% |
| 2023 | +56.8% | +12.5% |
| 2024 | +61.2% | +3.0% |
| 2025 | +6.6% | +14.0% |
| 2026 | +14.9% | +43.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DRS and VVX good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DRS and VVX?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.68 over the last year and 0.38 over 5 years.
Is VVX a good diversifier for DRS?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
A reading of 0.53 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DRS correlations · VVX correlations
