LMT vs LOAR: Correlation
Measured on weekly returns over the past three years, Lockheed Martin (LMT) and Loar Holdings Inc. (LOAR) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LMT and LOAR?
Across a 3-year window, the weekly returns of LMT and LOAR correlate at 0.35, moderate. Little has changed lately, as the 1-year reading of 0.34 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 471.1 %².
Within LMT's tracked universe of 29 assets, LOAR comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months LMT outperformed by 28.3 percentage points (+27.9% for LMT against -0.4% for LOAR). Risk is not evenly split, since LOAR carries 1.9 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.
LMT vs LOAR: side by side
| LMT (Lockheed Martin) | LOAR (Loar Holdings Inc.) | |
|---|---|---|
| 1-year return | +27.9% | -0.4% |
| 5-year return | +78.9% | n/a |
| Volatility (ann.) | 26.0% | 49.2% |
| Beta vs S&P 500 | 0.20 | 1.21 |
| Max drawdown (3Y) | -31.8% | -46.0% |
| Market cap | $130.6B | $6.8B |
| P/E (trailing) | 20.9 | 102.9 |
| Dividend yield | 2.41% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | LMT | LOAR |
|---|---|---|
| 2022 | +40.5% | – |
| 2023 | -4.3% | – |
| 2024 | +10.0% | – |
| 2025 | +2.5% | -8.0% |
| 2026 | +18.4% | +7.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LMT and LOAR good diversifiers for each other?
Reasonably. At 0.35, LMT and LOAR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LMT and LOAR?
The LMT/LOAR correlation stands at 0.35 on a 3-year window (1 year: 0.34, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is LOAR a good diversifier for LMT?
Reasonably. At 0.35, LMT and LOAR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 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/lmt-vs-loar.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lmt-vs-loar/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LMT correlations · LOAR correlations
