GD vs NOC: Correlation
Measured on weekly returns over the past three years, General Dynamics (GD) and Northrop Grumman (NOC) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GD and NOC?
Across a 3-year window, the weekly returns of GD and NOC correlate at 0.60, strong. Recent behaviour matches the longer record: 0.64 over 1 year against 0.60 over 3. Stretching to 5 years gives 0.65, with an annualized covariance of 337.4 %².
NOC is one of the assets that tracks GD most closely: it ranks #2 out of the 30 assets we track against GD. Correlation aside, the last 12 months split them widely, with GD ahead by 24.4 points (+18.8% versus -5.6%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.01 to 0.75.
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 NOC: side by side
| GD (General Dynamics) | NOC (Northrop Grumman) | |
|---|---|---|
| 1-year return | +18.8% | -5.6% |
| 5-year return | +111.9% | +60.1% |
| Volatility (ann.) | 21.1% | 26.7% |
| Beta vs S&P 500 | 0.52 | 0.24 |
| Max drawdown (3Y) | -22.5% | -35.1% |
| Market cap | $102.8B | $77.4B |
| P/E (trailing) | 23.3 | 17.5 |
| Dividend yield | 1.62% | 1.71% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | GD | NOC |
|---|---|---|
| 2022 | +21.7% | +43.0% |
| 2023 | +7.1% | -12.8% |
| 2024 | +3.5% | +1.9% |
| 2025 | +30.4% | +23.6% |
| 2026 | +14.4% | -3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GD and NOC good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GD and NOC?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.64 over the last year and 0.65 over 5 years.
Is NOC a good diversifier for GD?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
On the −1 to +1 scale, 0.60 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-noc.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: GD correlations · NOC correlations
