HEI vs RTX: Correlation
Measured on weekly returns over the past three years, Heico Corporation (HEI) and RTX Corporation (RTX) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HEI and RTX?
Across a 3-year window, the weekly returns of HEI and RTX correlate at 0.50, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.50 over 3. Stretching to 5 years gives 0.51, with an annualized covariance of 345.3 %².
Within HEI's tracked universe of 12 assets, RTX comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RTX ahead by 28.2 points (+6.5% versus +34.7%).
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.
HEI vs RTX: side by side
| HEI (Heico Corporation) | RTX (RTX Corporation) | |
|---|---|---|
| 1-year return | +6.5% | +34.7% |
| 5-year return | +169.4% | +178.4% |
| Volatility (ann.) | 27.5% | 25.1% |
| Beta vs S&P 500 | 0.85 | 0.57 |
| Max drawdown (3Y) | -27.1% | -19.7% |
| Market cap | – | $285.8B |
| P/E (trailing) | 57.8 | 37.3 |
| Dividend yield | 0.00% | 1.31% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | HEI | RTX |
|---|---|---|
| 2022 | +6.7% | +20.0% |
| 2023 | +16.6% | -14.4% |
| 2024 | +33.1% | +40.8% |
| 2025 | +36.2% | +61.4% |
| 2026 | +4.2% | +16.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HEI and RTX good diversifiers for each other?
To a limited degree. At 0.50 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 HEI and RTX?
As of 2026-08-27, the correlation of weekly returns between HEI and RTX is 0.50 over 3 years, 0.49 over 1 year and 0.51 over 5 years.
Is RTX a good diversifier for HEI?
To a limited degree. At 0.50 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 0.50 mean?
A reading of 0.50 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/hei-vs-rtx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hei-vs-rtx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HEI correlations · RTX correlations
