J vs LDOS: Correlation
How closely do Jacobs Solutions (J) and Leidos (LDOS) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are J and LDOS?
On 3 years of weekly data the J/LDOS correlation comes out at 0.48, moderate. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. The 5-year figure is 0.48, and annualized covariance runs at 388.2 %².
By 3-year correlation, LDOS places #13 of the 34 assets tracked against J. Their recent paths diverged sharply: over the last 12 months J outperformed by 25.5 percentage points (+2.6% for J against -22.9% for LDOS). On a rolling one-year basis the correlation drifted between 0.17 and 0.62, 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.
J vs LDOS: side by side
| J (Jacobs Solutions) | LDOS (Leidos) | |
|---|---|---|
| 1-year return | +2.6% | -22.9% |
| 5-year return | +40.5% | +52.1% |
| Volatility (ann.) | 25.7% | 31.4% |
| Beta vs S&P 500 | 0.77 | 0.87 |
| Max drawdown (3Y) | -34.4% | -49.5% |
| Market cap | $17.6B | $17.6B |
| P/E (trailing) | 49.9 | 12.8 |
| Dividend yield | 0.90% | 1.23% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | J | LDOS |
|---|---|---|
| 2022 | -13.1% | +20.0% |
| 2023 | +9.0% | +4.5% |
| 2024 | +24.2% | +34.5% |
| 2025 | +1.1% | +26.5% |
| 2026 | +14.6% | -22.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are J and LDOS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between J and LDOS?
The J/LDOS correlation stands at 0.48 on a 3-year window (1 year: 0.55, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is LDOS a good diversifier for J?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 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/j-vs-ldos.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/j-vs-ldos/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: J correlations · LDOS correlations
