KTOS vs NOC: Correlation
Kratos Defense & Security Solutions, Inc. (KTOS) and Northrop Grumman (NOC) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KTOS and NOC?
Across a 3-year window, the weekly returns of KTOS and NOC correlate at 0.50, moderate. The past 12 months show a tighter link (0.61) than the 3-year average (0.50). Stretching to 5 years gives 0.42, with an annualized covariance of 804.3 %².
Within KTOS's tracked universe of 21 assets, NOC comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NOC ahead by 15.4 points (-21.0% versus -5.6%). One caveat on sizing: KTOS is 2.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 NOC: side by side
| KTOS (Kratos Defense & Security Solutions, Inc.) | NOC (Northrop Grumman) | |
|---|---|---|
| 1-year return | -21.0% | -5.6% |
| 5-year return | +117.5% | +60.1% |
| Volatility (ann.) | 59.9% | 26.7% |
| Beta vs S&P 500 | 1.62 | 0.24 |
| Max drawdown (3Y) | -66.4% | -35.1% |
| Market cap | $10.1B | $77.4B |
| P/E (trailing) | 315.8 | 17.5 |
| Dividend yield | 0.00% | 1.71% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | KTOS | NOC |
|---|---|---|
| 2022 | -46.8% | +43.0% |
| 2023 | +96.6% | -12.8% |
| 2024 | +30.0% | +1.9% |
| 2025 | +187.8% | +23.6% |
| 2026 | -29.3% | -3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KTOS and NOC 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 KTOS and NOC?
As of 2026-08-27, the correlation of weekly returns between KTOS and NOC is 0.50 over 3 years, 0.61 over 1 year and 0.42 over 5 years.
Is NOC a good diversifier for KTOS?
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?
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-noc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ktos-vs-noc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KTOS correlations · NOC correlations
