LHX vs USMV: Correlation
Measured on weekly returns over the past three years, L3Harris (LHX) and iShares MSCI USA Min Vol Factor ETF (USMV) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LHX and USMV?
Across a 3-year window, the weekly returns of LHX and USMV correlate at 0.47, moderate. Little has changed lately, as the 1-year reading of 0.39 lands near the 3-year figure. Stretching to 5 years gives 0.49, with an annualized covariance of 108.1 %².
Within LHX's tracked universe of 30 assets, USMV comes in at #13 by 3-year correlation. On 12-month performance USMV holds a 13.9-point edge, -3.8% against +10.1%. On a rolling one-year basis the correlation drifted between 0.28 and 0.70, a moderate band. One caveat on sizing: LHX is 2.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 USMV: side by side
| LHX (L3Harris) | USMV (iShares MSCI USA Min Vol Factor ETF) | |
|---|---|---|
| 1-year return | -3.8% | +10.1% |
| 5-year return | +24.4% | +42.3% |
| Volatility (ann.) | 23.0% | 9.9% |
| Beta vs S&P 500 | 0.51 | 0.51 |
| Max drawdown (3Y) | -30.3% | -9.4% |
| Market cap | $48.8B | – |
| P/E (trailing) | 26.6 | – |
| Dividend yield | 1.09% | 1.48% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $23.6B |
| Sector / category | Industrials | ETF · US Style |
USMV, iShares's Large Blend fund, carries $23.6B under management, 164 holdings, a 0.15% expense ratio, a 1.48% trailing dividend yield.
Year-by-year returns
| Year | LHX | USMV |
|---|---|---|
| 2022 | -0.5% | -9.4% |
| 2023 | +3.7% | +10.3% |
| 2024 | +1.9% | +15.7% |
| 2025 | +42.3% | +7.6% |
| 2026 | -10.1% | +9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LHX and USMV good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LHX and USMV?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.39 over the last year and 0.49 over 5 years.
Is USMV a good diversifier for LHX?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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-usmv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lhx-vs-usmv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LHX correlations · USMV correlations
