LHX vs RFAI: Correlation
How closely do L3Harris (LHX) and RF Acquisition Corp II (RFAI) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LHX and RFAI?
On 3 years of weekly data the LHX/RFAI correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.34 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -1729.5 %².
RFAI is close to the least connected end of LHX's tracked universe, ranking #30 of 30. Correlation aside, the last 12 months split them widely, with RFAI ahead by 393.3 points (-3.8% versus +389.5%). Risk is not evenly split, since RFAI carries 12.5 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 RFAI: side by side
| LHX (L3Harris) | RFAI (RF Acquisition Corp II) | |
|---|---|---|
| 1-year return | -3.8% | +389.5% |
| 5-year return | +24.4% | n/a |
| Volatility (ann.) | 23.0% | 288.3% |
| Beta vs S&P 500 | 0.51 | -1.62 |
| Max drawdown (3Y) | -30.3% | -16.5% |
| Market cap | $48.8B | $0.4B |
| P/E (trailing) | 26.6 | 399.9 |
| Dividend yield | 1.09% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | LHX | RFAI |
|---|---|---|
| 2022 | -0.5% | – |
| 2023 | +3.7% | – |
| 2024 | +1.9% | – |
| 2025 | +42.3% | +5.2% |
| 2026 | -10.1% | +383.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LHX and RFAI good diversifiers for each other?
Yes. With a correlation of -0.25, LHX and RFAI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LHX and RFAI?
As of 2026-08-27, the correlation of weekly returns between LHX and RFAI is -0.25 over 3 years, -0.34 over 1 year and n/a over 5 years.
Is RFAI a good diversifier for LHX?
Yes. With a correlation of -0.25, LHX and RFAI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 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-rfai.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lhx-vs-rfai/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LHX correlations · RFAI correlations
