LHX vs PSN: Correlation
Measured on weekly returns over the past three years, L3Harris (LHX) and Parsons Corporation (PSN) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LHX and PSN?
On 3 years of weekly data the LHX/PSN correlation comes out at 0.44, moderate. The link has tightened recently: the 1-year correlation (0.54) runs above the 3-year figure (0.44). The 5-year figure is 0.43, and annualized covariance runs at 396.6 %².
Among the 30 assets we track against LHX, PSN ranks #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months LHX outperformed by 34.9 percentage points (-3.8% for LHX against -38.7% for PSN). Risk is not evenly split, since PSN carries 1.7 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.
LHX vs PSN: side by side
| LHX (L3Harris) | PSN (Parsons Corporation) | |
|---|---|---|
| 1-year return | -3.8% | -38.7% |
| 5-year return | +24.4% | +38.4% |
| Volatility (ann.) | 23.0% | 39.4% |
| Beta vs S&P 500 | 0.51 | 0.82 |
| Max drawdown (3Y) | -30.3% | -64.4% |
| Market cap | $48.8B | $5.3B |
| P/E (trailing) | 26.6 | 34.0 |
| Dividend yield | 1.09% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | LHX | PSN |
|---|---|---|
| 2022 | -0.5% | +37.4% |
| 2023 | +3.7% | +35.6% |
| 2024 | +1.9% | +47.1% |
| 2025 | +42.3% | -33.0% |
| 2026 | -10.1% | -20.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LHX and PSN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LHX and PSN?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.54 over the last year and 0.43 over 5 years.
Is PSN a good diversifier for LHX?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 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/lhx-vs-psn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lhx-vs-psn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LHX correlations · PSN correlations
