LDOS vs LHX: Correlation
Measured on weekly returns over the past three years, Leidos (LDOS) and L3Harris (LHX) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LDOS and LHX?
Across a 3-year window, the weekly returns of LDOS and LHX correlate at 0.53, moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.53 over 3. Stretching to 5 years gives 0.56, with an annualized covariance of 379.7 %².
Among the 36 assets we track against LDOS, LHX ranks #7 by 3-year correlation. The last year tells two different stories: LHX led by 19.1 percentage points, -22.9% for LDOS against -3.8% for LHX. On a rolling one-year basis the correlation drifted between 0.27 and 0.65, 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.
LDOS vs LHX: side by side
| LDOS (Leidos) | LHX (L3Harris) | |
|---|---|---|
| 1-year return | -22.9% | -3.8% |
| 5-year return | +52.1% | +24.4% |
| Volatility (ann.) | 31.4% | 23.0% |
| Beta vs S&P 500 | 0.87 | 0.51 |
| Max drawdown (3Y) | -49.5% | -30.3% |
| Market cap | $17.6B | $48.8B |
| P/E (trailing) | 12.8 | 26.6 |
| Dividend yield | 1.23% | 1.09% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | LDOS | LHX |
|---|---|---|
| 2022 | +20.0% | -0.5% |
| 2023 | +4.5% | +3.7% |
| 2024 | +34.5% | +1.9% |
| 2025 | +26.5% | +42.3% |
| 2026 | -22.0% | -10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LDOS and LHX good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between LDOS and LHX?
The LDOS/LHX correlation stands at 0.53 on a 3-year window (1 year: 0.54, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is LHX a good diversifier for LDOS?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 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/ldos-vs-lhx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ldos-vs-lhx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LDOS correlations · LHX correlations
