KTOS vs LHX: Correlation
How closely do Kratos Defense & Security Solutions, Inc. (KTOS) and L3Harris (LHX) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KTOS and LHX?
Across a 3-year window, the weekly returns of KTOS and LHX correlate at 0.52, moderate. The past 12 months show a tighter link (0.63) than the 3-year average (0.52). Stretching to 5 years gives 0.44, with an annualized covariance of 718.2 %².
Among the 21 assets we track against KTOS, LHX ranks #5 by 3-year correlation. The last year tells two different stories: LHX led by 17.2 percentage points, -21.0% for KTOS against -3.8% for LHX. Risk is not evenly split, since KTOS carries 2.6 times the volatility of the other side.
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.
KTOS vs LHX: side by side
| KTOS (Kratos Defense & Security Solutions, Inc.) | LHX (L3Harris) | |
|---|---|---|
| 1-year return | -21.0% | -3.8% |
| 5-year return | +117.5% | +24.4% |
| Volatility (ann.) | 59.9% | 23.0% |
| Beta vs S&P 500 | 1.62 | 0.51 |
| Max drawdown (3Y) | -66.4% | -30.3% |
| Market cap | $10.1B | $48.8B |
| P/E (trailing) | 315.8 | 26.6 |
| Dividend yield | 0.00% | 1.09% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | KTOS | LHX |
|---|---|---|
| 2022 | -46.8% | -0.5% |
| 2023 | +96.6% | +3.7% |
| 2024 | +30.0% | +1.9% |
| 2025 | +187.8% | +42.3% |
| 2026 | -29.3% | -10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KTOS and LHX good diversifiers for each other?
To a limited degree. At 0.52 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 KTOS and LHX?
The KTOS/LHX correlation stands at 0.52 on a 3-year window (1 year: 0.63, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is LHX a good diversifier for KTOS?
To a limited degree. At 0.52 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 0.52 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/ktos-vs-lhx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ktos-vs-lhx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KTOS correlations · LHX correlations
