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HII vs LMT: Correlation

Measured on weekly returns over the past three years, Huntington Ingalls Industries (HII) and Lockheed Martin (LMT) carry a correlation of 0.54, a moderate link.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)

0.54

moderate

Correlation (1Y)

0.63

last 12 months

Correlation (5Y)

0.60

long-run

Ann. covariance

490.9

%² · weekly, annualized

How correlated are HII and LMT?

Over the past 3 years, HII and LMT moved with a correlation of 0.54, which is moderate. The relationship has been stable: the 1-year correlation (0.63) sits close to the 3-year figure. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 490.9 %².

LMT is one of the assets that tracks HII most closely: it ranks #3 out of the 28 assets we track against HII. Their recent paths diverged sharply: over the last 12 months LMT outperformed by 18.5 percentage points (+9.4% for HII against +27.9% for LMT). The rolling one-year correlation moved between 0.28 and 0.77 over the past three years, a moderate range.

One-year correlation, rolled weekly across the last three years.

How is this computed?

Pearson correlation on weekly returns: ρ(A,B) = cov(r_A, r_B) / (σ_A · σ_B), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.

HII vs LMT: side by side

	HII (Huntington Ingalls Industries)	LMT (Lockheed Martin)
1-year return	+9.4%	+27.9%
5-year return	+59.2%	+78.9%
Volatility (ann.)	35.3%	26.0%
Beta vs S&P 500	0.84	0.20
Max drawdown (3Y)	-45.2%	-31.8%
Market cap	$11.7B	$130.6B
P/E (trailing)	17.7	20.9
Dividend yield	1.85%	2.41%
Sector / category	Industrials	Industrials

Lower P/E: HII 17.7 vs 20.9Higher yield: LMT 2.41% vs 1.85%Smaller drawdown: LMT -31.8% vs -45.2%Higher 5y return: LMT +78.9% vs +59.2%

Both assets over the last year, indexed to 100 at the starting week. ■ HII · ■ LMT

Year-by-year returns

Year	HII	LMT
2022	+26.3%	+40.5%
2023	+15.2%	-4.3%
2024	-25.7%	+10.0%
2025	+84.2%	+2.5%
2026	-11.9%	+18.4%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are HII and LMT good diversifiers for each other?

To a limited degree. At 0.54 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 HII and LMT?

The HII/LMT correlation stands at 0.54 on a 3-year window (1 year: 0.63, 5 years: 0.60), computed from weekly returns as of 2026-08-27.

Is LMT a good diversifier for HII?

To a limited degree. At 0.54 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 0.54 mean?

A reading of 0.54 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.

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Hubs: HII correlations · LMT correlations