HII vs KTOS: Correlation
How closely do Huntington Ingalls Industries (HII) and Kratos Defense & Security Solutions, Inc. (KTOS) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HII and KTOS?
Over the past 3 years, HII and KTOS moved with a correlation of 0.44, which is moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 928.3 %².
Within HII's tracked universe of 28 assets, KTOS comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HII outperformed by 30.4 percentage points (+9.4% for HII against -21.0% for KTOS). Note the risk asymmetry: KTOS runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
HII vs KTOS: side by side
| HII (Huntington Ingalls Industries) | KTOS (Kratos Defense & Security Solutions, Inc.) | |
|---|---|---|
| 1-year return | +9.4% | -21.0% |
| 5-year return | +59.2% | +117.5% |
| Volatility (ann.) | 35.3% | 59.9% |
| Beta vs S&P 500 | 0.84 | 1.62 |
| Max drawdown (3Y) | -45.2% | -66.4% |
| Market cap | $11.7B | $10.1B |
| P/E (trailing) | 17.7 | 315.8 |
| Dividend yield | 1.85% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | HII | KTOS |
|---|---|---|
| 2022 | +26.3% | -46.8% |
| 2023 | +15.2% | +96.6% |
| 2024 | -25.7% | +30.0% |
| 2025 | +84.2% | +187.8% |
| 2026 | -11.9% | -29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HII and KTOS good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HII and KTOS?
As of 2026-08-27, the correlation of weekly returns between HII and KTOS is 0.44 over 3 years, 0.46 over 1 year and 0.42 over 5 years.
Is KTOS a good diversifier for HII?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hii-vs-ktos.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hii-vs-ktos/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HII correlations · KTOS correlations
