LMT vs SAFT: Correlation
Lockheed Martin (LMT) and Safety Insurance Group, Inc. (SAFT) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LMT and SAFT?
Across a 3-year window, the weekly returns of LMT and SAFT correlate at 0.35, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.45 versus 0.35 over 3 years. Stretching to 5 years gives 0.32, with an annualized covariance of 279.9 %².
Among the 29 assets we track against LMT, SAFT ranks #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SAFT ahead by 20.9 points (+27.9% versus +48.8%).
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 SAFT: side by side
| LMT (Lockheed Martin) | SAFT (Safety Insurance Group, Inc.) | |
|---|---|---|
| 1-year return | +27.9% | +48.8% |
| 5-year return | +78.9% | +58.1% |
| Volatility (ann.) | 26.0% | 30.8% |
| Beta vs S&P 500 | 0.20 | 0.17 |
| Max drawdown (3Y) | -31.8% | -20.1% |
| Market cap | $130.6B | $1.5B |
| P/E (trailing) | 20.9 | 22.3 |
| Dividend yield | 2.41% | 3.55% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | LMT | SAFT |
|---|---|---|
| 2022 | +40.5% | +3.1% |
| 2023 | -4.3% | -5.4% |
| 2024 | +10.0% | +13.3% |
| 2025 | +2.5% | -0.8% |
| 2026 | +18.4% | +36.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LMT and SAFT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LMT and SAFT?
The LMT/SAFT correlation stands at 0.35 on a 3-year window (1 year: 0.45, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is SAFT a good diversifier for LMT?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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-saft.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lmt-vs-saft/)
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Related comparisons
Hubs: LMT correlations · SAFT correlations
