LHX vs RTX: Correlation
L3Harris (LHX) and RTX Corporation (RTX) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LHX and RTX?
Across a 3-year window, the weekly returns of LHX and RTX correlate at 0.46, moderate. The link has tightened recently: the 1-year correlation (0.59) runs above the 3-year figure (0.46). Stretching to 5 years gives 0.55, with an annualized covariance of 268.2 %².
Within LHX's tracked universe of 30 assets, RTX comes in at #15 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RTX outperformed by 38.5 percentage points (-3.8% for LHX against +34.7% for RTX). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.11 to 0.68.
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 RTX: side by side
| LHX (L3Harris) | RTX (RTX Corporation) | |
|---|---|---|
| 1-year return | -3.8% | +34.7% |
| 5-year return | +24.4% | +178.4% |
| Volatility (ann.) | 23.0% | 25.1% |
| Beta vs S&P 500 | 0.51 | 0.57 |
| Max drawdown (3Y) | -30.3% | -19.7% |
| Market cap | $48.8B | $285.8B |
| P/E (trailing) | 26.6 | 37.3 |
| Dividend yield | 1.09% | 1.31% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | LHX | RTX |
|---|---|---|
| 2022 | -0.5% | +20.0% |
| 2023 | +3.7% | -14.4% |
| 2024 | +1.9% | +40.8% |
| 2025 | +42.3% | +61.4% |
| 2026 | -10.1% | +16.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LHX and RTX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LHX and RTX?
The LHX/RTX correlation stands at 0.46 on a 3-year window (1 year: 0.59, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is RTX a good diversifier for LHX?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lhx-vs-rtx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lhx-vs-rtx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LHX correlations · RTX correlations
