GD vs HII: Correlation
Measured on weekly returns over the past three years, General Dynamics (GD) and Huntington Ingalls Industries (HII) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GD and HII?
Across a 3-year window, the weekly returns of GD and HII correlate at 0.51, moderate. The link has loosened recently: the 1-year correlation (0.33) runs below the 3-year figure (0.51). Stretching to 5 years gives 0.60, with an annualized covariance of 378.0 %².
By 3-year correlation, HII places #5 of the 30 assets tracked against GD. Over the last 12 months GD came out ahead by 9.4 percentage points (+18.8% against +9.4%). This link changes with the market regime, having swung between 0.31 and 0.81 on a rolling one-year basis. One caveat on sizing: HII is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GD vs HII: side by side
| GD (General Dynamics) | HII (Huntington Ingalls Industries) | |
|---|---|---|
| 1-year return | +18.8% | +9.4% |
| 5-year return | +111.9% | +59.2% |
| Volatility (ann.) | 21.1% | 35.3% |
| Beta vs S&P 500 | 0.52 | 0.84 |
| Max drawdown (3Y) | -22.5% | -45.2% |
| Market cap | $102.8B | $11.7B |
| P/E (trailing) | 23.3 | 17.7 |
| Dividend yield | 1.62% | 1.85% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | GD | HII |
|---|---|---|
| 2022 | +21.7% | +26.3% |
| 2023 | +7.1% | +15.2% |
| 2024 | +3.5% | -25.7% |
| 2025 | +30.4% | +84.2% |
| 2026 | +14.4% | -11.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GD and HII good diversifiers for each other?
To a limited degree. At 0.51 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 GD and HII?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.33 over the last year and 0.60 over 5 years.
Is HII a good diversifier for GD?
To a limited degree. At 0.51 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 0.51 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/gd-vs-hii.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gd-vs-hii/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GD correlations · HII correlations
