LMT vs MRCY: Correlation
Lockheed Martin (LMT) and Mercury Systems Inc (MRCY) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LMT and MRCY?
On 3 years of weekly data the LMT/MRCY correlation comes out at 0.40, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.55 versus 0.40 over 3 years. The 5-year figure is 0.41, and annualized covariance runs at 502.0 %².
Among the 29 assets we track against LMT, MRCY ranks #8 by 3-year correlation. Neither side won the trailing year by much: +27.9% against +32.8%. Risk is not evenly split, since MRCY 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 MRCY: side by side
| LMT (Lockheed Martin) | MRCY (Mercury Systems Inc) | |
|---|---|---|
| 1-year return | +27.9% | +32.8% |
| 5-year return | +78.9% | +79.4% |
| Volatility (ann.) | 26.0% | 48.8% |
| Beta vs S&P 500 | 0.20 | 1.23 |
| Max drawdown (3Y) | -31.8% | -35.0% |
| Market cap | $130.6B | $5.4B |
| P/E (trailing) | 20.9 | – |
| Dividend yield | 2.41% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | LMT | MRCY |
|---|---|---|
| 2022 | +40.5% | -18.7% |
| 2023 | -4.3% | -18.3% |
| 2024 | +10.0% | +14.8% |
| 2025 | +2.5% | +73.8% |
| 2026 | +18.4% | +23.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LMT and MRCY good diversifiers for each other?
Reasonably. At 0.40, LMT and MRCY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LMT and MRCY?
As of 2026-08-27, the correlation of weekly returns between LMT and MRCY is 0.40 over 3 years, 0.55 over 1 year and 0.41 over 5 years.
Is MRCY a good diversifier for LMT?
Reasonably. At 0.40, LMT and MRCY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: LMT correlations · MRCY correlations
