LDOS vs PLAG: Correlation
Leidos (LDOS) and Planet Green Holdings Corp. (PLAG) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LDOS and PLAG?
Over the past 3 years, LDOS and PLAG moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.16) runs above the 3-year figure (-0.19). Over 5 years the correlation is -0.10, and the annualized covariance of weekly returns is -965.3 %².
By 3-year correlation, PLAG places #28 of the 36 assets tracked against LDOS. Correlation aside, the last 12 months split them widely, with LDOS ahead by 36.2 points (-22.9% versus -59.1%). Note the risk asymmetry: PLAG runs 5.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 PLAG: side by side
| LDOS (Leidos) | PLAG (Planet Green Holdings Corp.) | |
|---|---|---|
| 1-year return | -22.9% | -59.1% |
| 5-year return | +52.1% | -94.2% |
| Volatility (ann.) | 31.4% | 160.4% |
| Beta vs S&P 500 | 0.87 | -0.67 |
| Max drawdown (3Y) | -49.5% | -93.8% |
| Market cap | $17.6B | – |
| P/E (trailing) | 12.8 | – |
| Dividend yield | 1.23% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | LDOS | PLAG |
|---|---|---|
| 2022 | +20.0% | -39.2% |
| 2023 | +4.5% | -21.0% |
| 2024 | +34.5% | -46.9% |
| 2025 | +26.5% | -15.8% |
| 2026 | -22.0% | -67.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LDOS and PLAG good diversifiers for each other?
Yes. With a correlation of -0.19, LDOS and PLAG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LDOS and PLAG?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with 0.16 over the last year and -0.10 over 5 years.
Is PLAG a good diversifier for LDOS?
Yes. With a correlation of -0.19, LDOS and PLAG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
A reading of -0.19 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/ldos-vs-plag.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ldos-vs-plag/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LDOS correlations · PLAG correlations
