NOC vs RTX: Correlation
Northrop Grumman (NOC) and RTX Corporation (RTX) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NOC and RTX?
Over the past 3 years, NOC and RTX moved with a correlation of 0.53, which is moderate. The link has tightened recently: the 1-year correlation (0.66) runs above the 3-year figure (0.53). Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 358.5 %².
Within NOC's tracked universe of 30 assets, RTX comes in at #5 by 3-year correlation. The last year tells two different stories: RTX led by 40.3 percentage points, -5.6% for NOC against +34.7% for RTX. The relationship is regime-dependent: the rolling one-year correlation swung between 0.11 and 0.70 over the past three years, so this pair behaves very differently depending on the market environment.
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.
NOC vs RTX: side by side
| NOC (Northrop Grumman) | RTX (RTX Corporation) | |
|---|---|---|
| 1-year return | -5.6% | +34.7% |
| 5-year return | +60.1% | +178.4% |
| Volatility (ann.) | 26.7% | 25.1% |
| Beta vs S&P 500 | 0.24 | 0.57 |
| Max drawdown (3Y) | -35.1% | -19.7% |
| Market cap | $77.4B | $285.8B |
| P/E (trailing) | 17.5 | 37.3 |
| Dividend yield | 1.71% | 1.31% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | NOC | RTX |
|---|---|---|
| 2022 | +43.0% | +20.0% |
| 2023 | -12.8% | -14.4% |
| 2024 | +1.9% | +40.8% |
| 2025 | +23.6% | +61.4% |
| 2026 | -3.7% | +16.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NOC and RTX good diversifiers for each other?
Only partially. A correlation of 0.53 means NOC and RTX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between NOC and RTX?
As of 2026-08-27, the correlation of weekly returns between NOC and RTX is 0.53 over 3 years, 0.66 over 1 year and 0.54 over 5 years.
Is RTX a good diversifier for NOC?
Only partially. A correlation of 0.53 means NOC and RTX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
A reading of 0.53 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/noc-vs-rtx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/noc-vs-rtx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NOC correlations · RTX correlations
