GD vs LHX: Correlation
Measured on weekly returns over the past three years, General Dynamics (GD) and L3Harris (LHX) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GD and LHX?
Across a 3-year window, the weekly returns of GD and LHX correlate at 0.62, strong. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. Stretching to 5 years gives 0.68, with an annualized covariance of 301.4 %².
Few assets follow GD as closely as LHX, which ranks #1 of 30 tracked partners. Correlation aside, the last 12 months split them widely, with GD ahead by 22.6 points (+18.8% versus -3.8%). The rolling one-year correlation moved between 0.33 and 0.83 over the past three years, a moderate range.
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 LHX: side by side
| GD (General Dynamics) | LHX (L3Harris) | |
|---|---|---|
| 1-year return | +18.8% | -3.8% |
| 5-year return | +111.9% | +24.4% |
| Volatility (ann.) | 21.1% | 23.0% |
| Beta vs S&P 500 | 0.52 | 0.51 |
| Max drawdown (3Y) | -22.5% | -30.3% |
| Market cap | $102.8B | $48.8B |
| P/E (trailing) | 23.3 | 26.6 |
| Dividend yield | 1.62% | 1.09% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | GD | LHX |
|---|---|---|
| 2022 | +21.7% | -0.5% |
| 2023 | +7.1% | +3.7% |
| 2024 | +3.5% | +1.9% |
| 2025 | +30.4% | +42.3% |
| 2026 | +14.4% | -10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GD and LHX good diversifiers for each other?
To a limited degree. At 0.62 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 LHX?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.57 over the last year and 0.68 over 5 years.
Is LHX a good diversifier for GD?
To a limited degree. At 0.62 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 0.62 mean?
A reading of 0.62 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/gd-vs-lhx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gd-vs-lhx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GD correlations · LHX correlations
