GD vs LDOS: Correlation
Measured on weekly returns over the past three years, General Dynamics (GD) and Leidos (LDOS) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GD and LDOS?
On 3 years of weekly data the GD/LDOS correlation comes out at 0.49, moderate. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. The 5-year figure is 0.56, and annualized covariance runs at 324.6 %².
Within GD's tracked universe of 30 assets, LDOS comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GD outperformed by 41.7 percentage points (+18.8% for GD against -22.9% for LDOS). This link changes with the market regime, having swung between 0.05 and 0.73 on a rolling one-year basis.
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 LDOS: side by side
| GD (General Dynamics) | LDOS (Leidos) | |
|---|---|---|
| 1-year return | +18.8% | -22.9% |
| 5-year return | +111.9% | +52.1% |
| Volatility (ann.) | 21.1% | 31.4% |
| Beta vs S&P 500 | 0.52 | 0.87 |
| Max drawdown (3Y) | -22.5% | -49.5% |
| Market cap | $102.8B | $17.6B |
| P/E (trailing) | 23.3 | 12.8 |
| Dividend yield | 1.62% | 1.23% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | GD | LDOS |
|---|---|---|
| 2022 | +21.7% | +20.0% |
| 2023 | +7.1% | +4.5% |
| 2024 | +3.5% | +34.5% |
| 2025 | +30.4% | +26.5% |
| 2026 | +14.4% | -22.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GD and LDOS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GD and LDOS?
As of 2026-08-27, the correlation of weekly returns between GD and LDOS is 0.49 over 3 years, 0.53 over 1 year and 0.56 over 5 years.
Is LDOS a good diversifier for GD?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/gd-vs-ldos.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gd-vs-ldos/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GD correlations · LDOS correlations
