LHX vs TXT: Correlation
Measured on weekly returns over the past three years, L3Harris (LHX) and Textron (TXT) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LHX and TXT?
Over the past 3 years, LHX and TXT moved with a correlation of 0.53, which is moderate. The relationship has been stable: the 1-year correlation (0.63) sits close to the 3-year figure. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 309.5 %².
Among the 30 assets we track against LHX, TXT ranks #7 by 3-year correlation. Twelve-month performance is nearly a tie, at -3.8% for LHX and +0.7% for TXT. On a rolling one-year basis the correlation drifted between 0.20 and 0.61, a moderate band.
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 TXT: side by side
| LHX (L3Harris) | TXT (Textron) | |
|---|---|---|
| 1-year return | -3.8% | +0.7% |
| 5-year return | +24.4% | +15.1% |
| Volatility (ann.) | 23.0% | 25.4% |
| Beta vs S&P 500 | 0.51 | 0.89 |
| Max drawdown (3Y) | -30.3% | -37.3% |
| Market cap | $48.8B | $14.2B |
| P/E (trailing) | 26.6 | 15.7 |
| Dividend yield | 1.09% | 0.10% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | LHX | TXT |
|---|---|---|
| 2022 | -0.5% | -8.2% |
| 2023 | +3.7% | +13.7% |
| 2024 | +1.9% | -4.8% |
| 2025 | +42.3% | +14.1% |
| 2026 | -10.1% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LHX and TXT good diversifiers for each other?
Only partially. A correlation of 0.53 means LHX and TXT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between LHX and TXT?
The LHX/TXT correlation stands at 0.53 on a 3-year window (1 year: 0.63, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is TXT a good diversifier for LHX?
Only partially. A correlation of 0.53 means LHX and TXT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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-txt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lhx-vs-txt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LHX correlations · TXT correlations
