LHX vs NOC: Correlation
Measured on weekly returns over the past three years, L3Harris (LHX) and Northrop Grumman (NOC) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LHX and NOC?
Across a 3-year window, the weekly returns of LHX and NOC correlate at 0.62, strong. The past 12 months show a tighter link (0.74) than the 3-year average (0.62). Stretching to 5 years gives 0.68, with an annualized covariance of 381.6 %².
In LHX's tracked universe of 30 assets, NOC sits right near the top at #2. Neither side won the trailing year by much: -3.8% against -5.6%. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.12 to 0.73.
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.
LHX vs NOC: side by side
| LHX (L3Harris) | NOC (Northrop Grumman) | |
|---|---|---|
| 1-year return | -3.8% | -5.6% |
| 5-year return | +24.4% | +60.1% |
| Volatility (ann.) | 23.0% | 26.7% |
| Beta vs S&P 500 | 0.51 | 0.24 |
| Max drawdown (3Y) | -30.3% | -35.1% |
| Market cap | $48.8B | $77.4B |
| P/E (trailing) | 26.6 | 17.5 |
| Dividend yield | 1.09% | 1.71% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | LHX | NOC |
|---|---|---|
| 2022 | -0.5% | +43.0% |
| 2023 | +3.7% | -12.8% |
| 2024 | +1.9% | +1.9% |
| 2025 | +42.3% | +23.6% |
| 2026 | -10.1% | -3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LHX and NOC good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between LHX and NOC?
The LHX/NOC correlation stands at 0.62 on a 3-year window (1 year: 0.74, 5 years: 0.68), computed from weekly returns as of 2026-08-27.
Is NOC a good diversifier for LHX?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
A reading of 0.62 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/lhx-vs-noc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lhx-vs-noc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LHX correlations · NOC correlations
