GD vs RTX: Correlation
Measured on weekly returns over the past three years, General Dynamics (GD) and RTX Corporation (RTX) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GD and RTX?
Across a 3-year window, the weekly returns of GD and RTX correlate at 0.57, moderate. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. Stretching to 5 years gives 0.59, with an annualized covariance of 299.6 %².
In GD's tracked universe of 30 assets, RTX sits right near the top at #3. The last year tells two different stories: RTX led by 15.9 percentage points, +18.8% for GD against +34.7% for RTX. On a rolling one-year basis the correlation drifted between 0.30 and 0.71, a moderate band.
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 RTX: side by side
| GD (General Dynamics) | RTX (RTX Corporation) | |
|---|---|---|
| 1-year return | +18.8% | +34.7% |
| 5-year return | +111.9% | +178.4% |
| Volatility (ann.) | 21.1% | 25.1% |
| Beta vs S&P 500 | 0.52 | 0.57 |
| Max drawdown (3Y) | -22.5% | -19.7% |
| Market cap | $102.8B | $285.8B |
| P/E (trailing) | 23.3 | 37.3 |
| Dividend yield | 1.62% | 1.31% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | GD | RTX |
|---|---|---|
| 2022 | +21.7% | +20.0% |
| 2023 | +7.1% | -14.4% |
| 2024 | +3.5% | +40.8% |
| 2025 | +30.4% | +61.4% |
| 2026 | +14.4% | +16.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GD and RTX good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GD and RTX?
The GD/RTX correlation stands at 0.57 on a 3-year window (1 year: 0.60, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is RTX a good diversifier for GD?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
A reading of 0.57 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-rtx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gd-vs-rtx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GD correlations · RTX correlations
