LOCL vs RTX: Correlation
Local Bounti Corporation (LOCL) and RTX Corporation (RTX) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOCL and RTX?
Over the past 3 years, LOCL and RTX moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.24 lands near the 3-year figure. Over 5 years the correlation is -0.09, and the annualized covariance of weekly returns is -664.6 %².
Among the 34 assets we track against LOCL, RTX ranks #15 by 3-year correlation. The last year tells two different stories: RTX led by 93.5 percentage points, -58.8% for LOCL against +34.7% for RTX. One caveat on sizing: LOCL is 5.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
LOCL vs RTX: side by side
| LOCL (Local Bounti Corporation) | RTX (RTX Corporation) | |
|---|---|---|
| 1-year return | -58.8% | +34.7% |
| 5-year return | -99.2% | +178.4% |
| Volatility (ann.) | 142.7% | 25.1% |
| Beta vs S&P 500 | -0.49 | 0.57 |
| Max drawdown (3Y) | -79.4% | -19.7% |
| Market cap | – | $285.8B |
| P/E (trailing) | – | 37.3 |
| Dividend yield | 0.00% | 1.31% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | LOCL | RTX |
|---|---|---|
| 2022 | -78.4% | +20.0% |
| 2023 | -88.5% | -14.4% |
| 2024 | +0.0% | +40.8% |
| 2025 | +3.4% | +61.4% |
| 2026 | -53.8% | +16.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOCL and RTX good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LOCL and RTX?
The LOCL/RTX correlation stands at -0.19 on a 3-year window (1 year: -0.24, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is RTX a good diversifier for LOCL?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
A reading of -0.19 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/locl-vs-rtx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/locl-vs-rtx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LOCL correlations · RTX correlations
