LMT vs RTX: Correlation
How closely do Lockheed Martin (LMT) and RTX Corporation (RTX) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LMT and RTX?
On 3 years of weekly data the LMT/RTX correlation comes out at 0.50, moderate. The link has tightened recently: the 1-year correlation (0.62) runs above the 3-year figure (0.50). The 5-year figure is 0.55, and annualized covariance runs at 324.0 %².
Within LMT's tracked universe of 29 assets, RTX comes in at #4 by 3-year correlation. Over the last 12 months RTX came out ahead by 6.8 percentage points (+27.9% against +34.7%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.18 to 0.73.
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 RTX: side by side
| LMT (Lockheed Martin) | RTX (RTX Corporation) | |
|---|---|---|
| 1-year return | +27.9% | +34.7% |
| 5-year return | +78.9% | +178.4% |
| Volatility (ann.) | 26.0% | 25.1% |
| Beta vs S&P 500 | 0.20 | 0.57 |
| Max drawdown (3Y) | -31.8% | -19.7% |
| Market cap | $130.6B | $285.8B |
| P/E (trailing) | 20.9 | 37.3 |
| Dividend yield | 2.41% | 1.31% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | LMT | RTX |
|---|---|---|
| 2022 | +40.5% | +20.0% |
| 2023 | -4.3% | -14.4% |
| 2024 | +10.0% | +40.8% |
| 2025 | +2.5% | +61.4% |
| 2026 | +18.4% | +16.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LMT and RTX good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between LMT and RTX?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.62 over the last year and 0.55 over 5 years.
Is RTX a good diversifier for LMT?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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-rtx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lmt-vs-rtx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LMT correlations · RTX correlations
