LHX vs VTV: Correlation
How closely do L3Harris (LHX) and Vanguard Value ETF (VTV) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LHX and VTV?
Over the past 3 years, LHX and VTV moved with a correlation of 0.47, which is moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 129.9 %².
Among the 30 assets we track against LHX, VTV ranks #14 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VTV ahead by 29.5 points (-3.8% versus +25.7%). The relationship is regime-dependent: the rolling one-year correlation swung between 0.19 and 0.74 over the past three years, so this pair behaves very differently depending on the market environment. Note the risk asymmetry: LHX runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 VTV: side by side
| LHX (L3Harris) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | -3.8% | +25.7% |
| 5-year return | +24.4% | +79.1% |
| Volatility (ann.) | 23.0% | 11.9% |
| Beta vs S&P 500 | 0.51 | 0.65 |
| Max drawdown (3Y) | -30.3% | -14.5% |
| Market cap | $48.8B | – |
| P/E (trailing) | 26.6 | – |
| Dividend yield | 1.09% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | Industrials | ETF · US Style |
On the fund side, VTV sits in the Large Value category at Vanguard, with $256.4B under management, 308 holdings, a 0.03% expense ratio, a 1.86% trailing dividend yield.
Year-by-year returns
| Year | LHX | VTV |
|---|---|---|
| 2022 | -0.5% | -2.1% |
| 2023 | +3.7% | +9.3% |
| 2024 | +1.9% | +16.0% |
| 2025 | +42.3% | +15.3% |
| 2026 | -10.1% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.19% of VTV is LHX itself, so the fund partly moves with the stock by construction.
Are LHX and VTV 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 VTV?
The LHX/VTV correlation stands at 0.47 on a 3-year window (1 year: 0.41, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is VTV 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?
On the −1 to +1 scale, 0.47 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-vtv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lhx-vs-vtv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LHX correlations · VTV correlations
