LMT vs NPCE: Correlation
Lockheed Martin (LMT) and Neuropace, Inc. (NPCE) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LMT and NPCE?
On 3 years of weekly data the LMT/NPCE correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.25 over 1 year against -0.20 over 3. The 5-year figure is -0.14, and annualized covariance runs at -364.9 %².
Within LMT's tracked universe of 29 assets, NPCE comes in at #22 by 3-year correlation. The last year tells two different stories: NPCE led by 31.2 percentage points, +27.9% for LMT against +59.1% for NPCE. Note the risk asymmetry: NPCE runs 2.7 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.
LMT vs NPCE: side by side
| LMT (Lockheed Martin) | NPCE (Neuropace, Inc.) | |
|---|---|---|
| 1-year return | +27.9% | +59.1% |
| 5-year return | +78.9% | -32.7% |
| Volatility (ann.) | 26.0% | 69.9% |
| Beta vs S&P 500 | 0.20 | 0.85 |
| Max drawdown (3Y) | -31.8% | -66.3% |
| Market cap | $130.6B | $0.5B |
| P/E (trailing) | 20.9 | – |
| Dividend yield | 2.41% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | LMT | NPCE |
|---|---|---|
| 2022 | +40.5% | -85.2% |
| 2023 | -4.3% | +591.9% |
| 2024 | +10.0% | +8.5% |
| 2025 | +2.5% | +38.0% |
| 2026 | +18.4% | -8.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LMT and NPCE good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LMT and NPCE?
As of 2026-08-27, the correlation of weekly returns between LMT and NPCE is -0.20 over 3 years, -0.25 over 1 year and -0.14 over 5 years.
Is NPCE a good diversifier for LMT?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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/lmt-vs-npce.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lmt-vs-npce/)
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Related comparisons
Hubs: LMT correlations · NPCE correlations
