Relative Intelligence · Aerospace & Defense
How L3Harris Technologies (LHX) compares with the whole market and its popular alternatives
Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on LHX alone. It places LHX (L3Harris Technologies, Inc.) against 20+ popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where LHX stands in the market, and of the alternatives worth a closer look.
Period covered: LHX's full trading record, from October 1986 through September 2026. All returns include reinvested dividends. Data as of October 20, 2026.
Data as of October 20, 2026. Full tables and charts read best on a larger screen.
On this page12 sections
Key findings
- Right nowLHX has gone against the market, falling 28.0% over the past 6 months while the S&P 500 rose 9.1%. LHX is 33.5% below its high, bear-market territory, while the S&P 500 sits 1.3% below a record. At a glance ↓
- Stock or market?Not a move of its own: the aerospace & defense ETF ITA (iShares U.S. Aerospace & Defense ETF) fell 10.0% over the past 3 months, with BA (Boeing, down 9.1%) and GD (General Dynamics, down 6.6%), while the S&P 500 rose 3.9%. Its aerospace & defense peers did not move as one over the past 3 months: LMT (Lockheed Martin) rose 8.4%, while CW (Curtiss-Wright) fell 30.1%.
- Past 1 to 3 yearsOver the past year, LHX fell 13.0% while the S&P 500 rose 15.8%. The same gap shows up over 3 years (49.6% against 89.3%). By year ↓
- Long termLHX turned $10,000 into $32,900 over the past decade, against $42,100 in the S&P 500. Growth of $10,000 ↓
- In a crashIn the 2015 China and oil sell-off, LHX fell 19.9%, against 12.8% for the S&P 500. That was more than RTX (15.4%) but less than BA (Boeing, 26.8%). LHX fell further than the S&P 500 in two of the last three sell-offs, including the 2015 China and oil sell-off (19.9% against 12.8%). Crash tests ↓
- DiversificationAgainst the S&P 500, LHX has a correlation of 0.32 over 5 years, less closely than 66% of stocks worth at least $300 million. Next to an index fund it is some diversification, but not a hedge. Over 10 years LHX gave up some upside in exchange for smaller losses: 72% of the S&P 500's gains in rising months and 65% of its losses in falling ones, with a beta of 0.70. Market capture ↓
- Better options
- Nearby categories and themes
- CTAS (Cintas, business services) and ADP (Automatic Data Processing, business services) earned more than LHX with less volatility over the past 5 years. CTAS returned 16.5% a year at 23.1% volatility, against 2.5% a year at 24.9%.
- Whole market
- 788 of the 3,633 stocks and funds worth at least $500 million earned more than LHX with less volatility over the past 5 years, among them VTI (Vanguard Morningstar Total Stock Market ETF), VOO (Vanguard S&P 500 ETF) and BRK-B (Berkshire Hathaway).
How much would $10,000 in LHX have grown?
This chart tracks a hypothetical $10,000 investment in LHX over the past 29 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of LHX over the same span and LHX's popular alternatives, among those that traded for the entire period. A second view covers the past 5 years, the period the better options further down the page are judged on. It shows not only where each investment ended up but also how smooth or uneven the path was.
- $10,000 invested in LHX at the end of September 1997 would have grown to $250,828 by September 2026, more than the $132,907 it would have become in SPY, an S&P 500 fund.
- Five of the eight other investments on the chart ended ahead of LHX, and HEI finished highest, at $1,347,388.
Choose a period
From the end of September 1997 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 245 of the 1,042 stocks and funds worth at least $500 million that traded the whole period ended ahead of LHX; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.
- HEI$1M+13,374% total · +18.4% a year
- CW$708,111+6,981% total · +15.8% a year
- CACI$609,098+5,991% total · +15.2% a year
- RTX$288,741+2,787% total · +12.3% a year
- GD$272,943+2,629% total · +12.1% a year
- LHX$250,828+2,408% total · +11.8% a year
- SPY (S&P 500)$132,907+1,229% total · +9.3% a year
- HWM$100,078+901% total · +8.3% a year
- AIR$55,357+454% total · +6.1% a year
- DRS$9,128−8.7% total · −0.3% a year
From the end of September 2021 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 2,163 of the 3,628 stocks and funds worth at least $500 million that traded the whole period ended ahead of LHX; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.
- ATI$113,890+1,039% total · +62.7% a year
- PLTR$77,807+678% total · +50.7% a year
- HWM$73,554+636% total · +49.0% a year
- RTX$24,048+140% total · +19.2% a year
- CACI$23,239+132% total · +18.4% a year
- HEI$23,110+131% total · +18.2% a year
- TDG$20,854+109% total · +15.8% a year
- SPY (S&P 500)$19,000+90.0% total · +13.7% a year
- GD$18,801+88.0% total · +13.5% a year
- LHX$11,877+18.8% total · +3.5% a year
LHX at a glance
This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.
- LHX is still 33.5% below its all-time high.
- LHX's deepest decline since it began trading in 1986 was 62.8%, from October 1989 to October 1990. It took 25 months from the low to climb back to its old high.
- Over 29 full calendar years, LHX's best was 2004, when it returned 64.1%, and its worst was 2008, when it lost 38.4%. It lost money in eight of those years.
The company
- Market value
- $46B
- Industry
- Aerospace & Defense
- Price history from
- October 1986
Returns
- Past 1 year
- −13.0%total return
- Past 3 years
- +49.6%+14.4% a year
- Past 5 years
- +13.0%+2.5% a year
- Past 10 years
- +229%+12.7% a year
- Best calendar year
- +64.1%2004
- Worst calendar year
- −38.4%2008
- Losing years
- 8 of 29full calendar years
Risk
- Volatility
- 24.9%typical yearly swing, 5 years
- Sharpe ratio
- 0.22return per unit of risk, 5 years
- Worst decline ever
- −62.8%Oct 1989 to Oct 1990
- From its all-time high
- −33.5%below the peak
LHX against the whole market
Where LHX ranks among every stock and fund, and what across the market has done better.
How does LHX rank among all stocks?
This section ranks LHX on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history. Where the comparisons with its popular alternatives show how LHX stacks up against its peers, these rankings show where it stands in the market as a whole.
- LHX's worst decline of the past 10 years ranks in the top 5% of the 2,187 stocks worth at least $300 million, where the top fell the least.
Ranked against U.S.-listed stocks worth at least $300M that have enough history for each measure, so the count changes from row to row; smaller stocks are left out. Lower volatility and smaller declines rank higher.
| Measure | LHX | Rank | Standing |
|---|---|---|---|
| 1-year return | −13.0% | 2,438 of 3,287 | bottom 27% |
| 3-year return | +49.6% | 1,545 of 3,017 | bottom 50% |
| 5-year return | +13.0% | 1,555 of 2,893 | bottom 47% |
| 10-year return | +229% | 771 of 2,202 | top 35% |
| Volatility, 5 years | 24.9% | 312 of 2,893 | top 11% |
| Sharpe ratio, 5 years | 0.22 | 1,786 of 2,893 | bottom 39% |
| Worst decline, past 10 years | −38.2% | 109 of 2,187 | top 5% |
What has beaten LHX on both return and risk?
Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer). LHX sits where the dashed lines cross. Anything in the green box above and to the left earned more than LHX with smaller swings, a better trade-off over this period on both counts. Past results are no promise, but a name in the box is worth a closer look.
- 133 stocks and 655 ETFs worth at least $500 million sit in the green region: each earned more than LHX over the past 5 years with smaller price swings. That is 22% of the 3,633 screened.
- Among those with at least half LHX's swings, DXJ has the best return for its risk: 26.6% a year at 19.1% volatility, 23% less than LHX's 24.9%, and a Sharpe ratio (return above cash per unit of volatility) of 1.34 against 0.22 for LHX.
- Among LHX's popular alternatives, GD is in the region. GD earned 12.9% a year against 2.5% a year for LHX, at 20.8% volatility, 16% less than LHX's 24.9%.
Annual return is the annualized total return with dividends reinvested, and volatility the annualized swing in daily prices, both over 5 years. Labeled dots are the strongest picks from the table below and the names called out above, colored by how close they sit to LHX; faint dots are 93 more of the 788 in the green region (the strongest, one per fund family). 3,633 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.
- Popular alternatives
- Same and neighboring categories, and shared themes
- The whole market
- Others in the green region
- 2 with more than 1.6× LHX's volatility are in the table only
Is there a better investment than LHX?
Investments that beat LHX over the past 5 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.
- Among LHX's popular alternatives, GD earned more than LHX with less volatility over the past 5 years: 12.9% a year at 20.8% volatility, against 2.5% a year at 24.9%.
- Looking beyond its popular alternatives, CTAS (business services) and ADP (business services) earned more than LHX with less volatility over the past 5 years. CTAS returned 16.5% a year at 23.1% volatility, against 2.5% a year at 24.9%.
- Across the whole market, 788 of the 3,633 stocks and funds worth at least $500 million earned more than LHX with less volatility over the past 5 years, among them VTI, VOO and BRK-B.
How this works
The table below lists investments that beat LHX over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes. It checks LHX's popular alternatives first, then the rest of its own and neighboring categories, then every stock and fund worth at least $500 million, and shows the strongest few in each group. The full list of those with a higher return and lower volatility than LHX follows the table.
Annual return is the annualized total return with dividends reinvested. Annual return, volatility and the Sharpe ratio cover 5 years; the worst decline covers the past 10 years. Green marks a better figure than LHX's. "On the frontier" means no other option shown or tested earned more with less volatility. Funds that hold the same thing are shown once. Beyond the popular alternatives, nothing with more than 1.5× LHX's volatility counts as better.
These figures cover the past 5 years. Green marks a better figure than LHX's.
| Investment | Why it is better | Past 5 years | Downside | Long run | Fit | ||||
|---|---|---|---|---|---|---|---|---|---|
| Annual return?higher is better | Volatility?lower is calmer | Sharpe?return per unit of risk | Worst decline?past 10 years | 10Y returntotal | Corr. with LHX?lower diversifies more | Expenseper year | |||
| LHXL3Harris Technologies, Inc. · this page | +2.5% | 24.9% | 0.22 | −38.2% | +229% | 1.00 | — | ||
 SPYState Street SPDR S&P 500 ETF · S&P 500 | +12.7% | 17.1% | 0.79 | −33.7% | +321% | 0.32 | 0.09% | ||
| Popular alternativesbest 6 shownThe investments people most often weigh against LHX. 13 of 25 passed at least one test. | |||||||||
 GDGeneral Dynamics Corporation · Aerospace & Defense | Higher return, lower volatilityHigher return in most periods | +12.9% | 20.8% | 0.69 | −51.6% | +184% | 0.63 | — | |
 RTXRTX Corporation · Aerospace & Defense | Higher return, similar volatilityHigher return in most periods | +18.6% | 24.3% | 0.83 | −52.0% | +317% | 0.56 | — | |
 HWMHowmet Aerospace Inc. · Aerospace & Defense | On the frontierHigher return in most periods | +47.3% | 32.5% | 1.36 | −68.9% | +1,028% | 0.47 | — | |
ATIATI Inc. · Metals & Mining | On the frontierHigher return in most periods | +61.8% | 42.9% | 1.34 | −82.4% | +929% | 0.42 | — | |
 PLTRPalantir Technologies Inc. · Enterprise Software | Higher return in most periods | +51.4% | 67.0% | 0.95 | −84.6% | — | 0.00 | — | |
 LMTLockheed Martin Corporation · Aerospace & Defense | Higher return, similar volatility | +11.1% | 24.2% | 0.56 | −36.7% | +204% | 0.57 | — | |
| Same and neighboring categories, and shared themesbest 6 shownEverything else in Aerospace & Defense and the categories next to it (Business Services, Airlines, Metals & Mining, Industrial Machinery), plus LHX's specific themes. 47 of 122 passed at least one test. | |||||||||
 CTASCintas Corporation · Business Services | Higher return, lower volatilityHigher return in most periods | +16.5% | 23.1% | 0.78 | −48.4% | +808% | 0.30 | — | |
 ADPAutomatic Data Processing, Inc. · Business Services | Higher return, lower volatilityHigher return in most periods | +9.0% | 22.9% | 0.49 | −40.8% | +320% | 0.11 | — | |
ITAiShares U.S. Aerospace & Defense ETF · Aerospace & Defense | Higher return, lower volatilityHigher return in most periods | +14.6% | 20.4% | 0.78 | −51.0% | +258% | 0.72 | 0.37% | |
SNASnap-on Incorporated · Industrial Machinery | Higher return, lower volatilityHigher return in most periods | +12.9% | 23.6% | 0.63 | −47.4% | +195% | 0.40 | — | |
FSSFederal Signal Corporation · Industrial Machinery | Higher Sharpe, smaller worst declineHigher return in most periods | +23.3% | 31.7% | 0.82 | −33.0% | +882% | 0.33 | — | |
 WABWestinghouse Air Brake Technologies Corporation · Industrial Machinery | Higher return, similar volatilityHigher return in most periods | +25.6% | 26.2% | 1.00 | −64.1% | +264% | 0.48 | — | |
| The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 1,477 of 3,486 passed at least one test. | |||||||||
 VIGVanguard Dividend Appreciation ETF · US Dividend Equity | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes | +10.4% | 14.1% | 0.78 | −31.7% | +258% | 0.39 | 0.04% | |
 WMWaste Management, Inc. · Environmental Services | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes | +9.3% | 19.2% | 0.56 | −30.1% | +344% | 0.21 | — | |
 WCNWaste Connections, Inc. · Environmental Services | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes | +6.1% | 20.0% | 0.40 | −31.6% | +270% | 0.11 | — | |
 WMTWalmart Inc. · Discount Retail | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +20.8% | 22.6% | 0.96 | −25.7% | +508% | 0.25 | — | |
 BRK-BBerkshire Hathaway Inc. · Insurance | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +13.4% | 17.1% | 0.82 | −29.6% | +274% | 0.18 | — | |
PTNQPacer Trendpilot 100 ETF · Technology | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes | +9.7% | 14.1% | 0.73 | −28.1% | +305% | 0.02 | 0.65% | |
 PGRThe Progressive Corporation · Property & Casualty Insurance | Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes | +21.3% | 25.6% | 0.89 | −30.3% | +816% | 0.15 | — | |
 VTIPVanguard Short-Term Inflation-Protected Securities ETF · Treasury Bonds | Similar return, lower volatilityHigher Sharpe, smaller worst decline | +2.7% | 2.9% | 0.94 | −6.3% | +32.7% | 0.34 | 0.03% | |
What these numbers mean for LHX
- Annual return
- LHX returned 2.5% a year over the past 5 years with dividends reinvested, against 12.7% a year for the S&P 500. At that pace, $10,000 became about $11,300. Annual return is the steady yearly rate that would produce the same total result, so investments held over the same span compare fairly. Guide: What is performance and return? →
- Volatility
- LHX's volatility over the past 5 years was 24.9%, 1.5 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, LHX's return lands within 24.9% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump. Guide: Understanding and measuring risk (volatility) →
- Sharpe ratio
- LHX's Sharpe ratio over the past 5 years was 0.22, against 0.79 for the S&P 500, so LHX earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings. Guide: Balancing reward with risk (Sharpe ratio) →
- Worst decline
- LHX's worst fall from a peak to a low over the past 10 years was 38.2%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 38.2% fall takes a 61.7% gain. Guide: Market crash risk and tail risk →
- Correlation
- Over the past 5 years, LHX's monthly returns had a correlation of 0.32 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They are only loosely linked, which makes it a real diversifier next to an index fund. In the table, the correlation column measures each option against LHX instead: the lower it is, the more that option would diversify a LHX holding. Guide: Correlation and diversification →
Show all 788 stocks and funds worth at least $500 million that earned more than LHX with less volatility
Out of 3,633 tested over 5 years. The strongest 100 are listed, best first, with funds that hold the same thing listed once.
| # | Investment | Found in | Annual return | Volatility | Sharpe | Worst decline | 10Y return | Corr. with LHX | Expense |
|---|---|---|---|---|---|---|---|---|---|
| 1 | VIGVanguard Dividend Appreciation ETF · US Dividend Equity | Whole market | +10.4% | 14.1% | 0.78 | −31.7% | +258% | 0.39 | 0.04% |
| 2 | WMWaste Management, Inc. · Environmental Services | Whole market | +9.3% | 19.2% | 0.56 | −30.1% | +344% | 0.21 | — |
| 3 | WCNWaste Connections, Inc. · Environmental Services | Whole market | +6.1% | 20.0% | 0.40 | −31.6% | +270% | 0.11 | — |
| 4 | WMTWalmart Inc. · Discount Retail | Whole market | +20.8% | 22.6% | 0.96 | −25.7% | +508% | 0.25 | — |
| 5 | BRK-BBerkshire Hathaway Inc. · Insurance | Whole market | +13.4% | 17.1% | 0.82 | −29.6% | +274% | 0.18 | — |
| 6 |  JNJJohnson & Johnson · Pharmaceuticals | Whole market | +12.7% | 17.9% | 0.76 | −27.4% | +196% | 0.25 | — |
| 7 | LVHIFranklin International Low Volatility High Dividend Index ETF · International Equity | Whole market | +17.0% | 11.1% | 1.48 | −32.4% | +194% | 0.34 | 0.40% |
| 8 |  COSTCostco Wholesale Corporation · Discount Retail | Whole market | +17.4% | 22.9% | 0.82 | −31.4% | +685% | 0.32 | — |
| 9 |  NVSNovartis AG · Pharmaceuticals | Whole market | +17.1% | 20.7% | 0.87 | −26.8% | +226% | 0.34 | — |
| 10 |  GLDSPDR Gold Shares · Gold | Whole market | +17.7% | 18.9% | 0.96 | −26.4% | +213% | 0.34 | 0.40% |
| 11 |  LINLinde plc · Chemicals | Whole market | +11.5% | 20.9% | 0.63 | −32.6% | +394% | 0.30 | — |
| 12 | PTNQPacer Trendpilot 100 ETF · Technology | Whole market | +9.7% | 14.1% | 0.73 | −28.1% | +305% | 0.02 | 0.65% |
| 13 |  CORCencora, Inc. · Health Care Distribution | Whole market | +24.2% | 22.8% | 1.07 | −32.4% | +406% | 0.36 | — |
| 14 |  IWFiShares Russell 1000 Growth ETF · US Large-Cap Growth | Whole market | +11.7% | 21.8% | 0.62 | −32.7% | +416% | 0.21 | 0.18% |
| 15 |  DFACDimensional - US Core Equity 2 ETF · US Total Market | Whole market | +11.4% | 17.0% | 0.72 | −23.1% | — | 0.42 | 0.21% |
| 16 |  MSIMotorola Solutions, Inc. · Communications Equipment | Whole market | +14.8% | 23.6% | 0.71 | −32.8% | +625% | 0.30 | — |
| 17 | FJANFT Vest U.S. Equity Buffer ETF - January · Multi-Asset | Whole market | +11.1% | 10.5% | 1.05 | −13.6% | — | 0.30 | 0.85% |
| 18 |  AEPAmerican Electric Power Company, Inc. · Electric Utilities | Whole market | +12.4% | 20.2% | 0.68 | −32.9% | +185% | 0.26 | — |
| 19 | ATOAtmos Energy Corporation · Gas Utilities | Whole market | +14.9% | 18.4% | 0.85 | −32.9% | +194% | 0.27 | — |
| 20 | SPMOInvesco S&P 500 Momentum ETF · US Momentum Equity | Whole market | +18.7% | 20.8% | 0.93 | −30.9% | +499% | 0.29 | 0.13% |
| 21 | IUSGiShares Core S&P U.S. Growth ETF · US Growth Equity | Whole market | +12.9% | 21.2% | 0.68 | −32.4% | +405% | 0.21 | 0.04% |
| 22 | DFIVDimensional - International Value ETF · International Equity | Whole market | +14.8% | 16.4% | 0.93 | −25.4% | — | 0.41 | 0.27% |
| 23 | AVLVAvantis U.S. Large Cap Value ETF · US Large-Cap Value | Whole market | +14.0% | 16.9% | 0.86 | −19.5% | — | 0.47 | 0.15% |
| 24 | OEFiShares S&P 100 ETF · US Large-Cap Equity | Whole market | +14.3% | 17.8% | 0.84 | −31.4% | +367% | 0.24 | 0.20% |
| 25 | NINiSource Inc · Gas Utilities | Whole market | +15.1% | 20.3% | 0.80 | −30.9% | +158% | 0.33 | — |
| 26 | DFATDimensional - US Targeted Value ETF · US Small-Cap Equity | Whole market | +9.6% | 21.0% | 0.54 | −26.1% | — | 0.49 | 0.33% |
| 27 | SPHQInvesco S&P 500 Quality ETF · US Quality Equity | Whole market | +12.0% | 16.7% | 0.76 | −31.6% | +300% | 0.32 | 0.20% |
| 28 | AEEAmeren Corporation · Electric Utilities | Whole market | +7.9% | 19.4% | 0.49 | −29.1% | +192% | 0.19 | — |
| 29 | EWJiShares MSCI Japan ETF · International Equity | Whole market | +9.2% | 18.8% | 0.57 | −33.1% | +132% | 0.25 | 0.49% |
| 30 | DFAIDimensional - International Core Equity Market ETF · Developed International Equity | Whole market | +9.7% | 16.0% | 0.66 | −27.4% | — | 0.39 | 0.18% |
| 31 | BUFRFT Vest Laddered Buffer ETF · Buffered Equity | Whole market | +9.9% | 10.5% | 0.96 | −13.7% | — | 0.34 | 0.10% |
| 32 |  RYRoyal Bank of Canada · Banks | Whole market | +17.3% | 18.2% | 0.97 | −40.0% | +352% | 0.31 | — |
| 33 | DBEFXtrackers MSCI EAFE Hedged Equity ETF · International Equity | Whole market | +13.1% | 13.8% | 0.96 | −32.5% | +206% | 0.32 | 0.35% |
| 34 | IOOiShares Global 100 ETF · Global Equity | Whole market | +15.7% | 17.2% | 0.94 | −31.4% | +361% | 0.26 | 0.40% |
| 35 | JQUAJPMorgan U.S. Quality Factor ETF · US Quality Equity | Whole market | +13.6% | 15.7% | 0.89 | −32.9% | — | 0.30 | 0.12% |
| 36 | DIVOAmplify CWP Enhanced Dividend Income ETF · Equity Income | Whole market | +11.1% | 11.9% | 0.95 | −30.0% | — | 0.47 | 0.56% |
| 37 |  SGOViShares 0-3 Month Treasury Bond ETF · Treasury Bonds | Whole market | +3.8% | 0.3% | 13.25 | −0.3% | — | 0.03 | 0.09% |
| 38 | JAVAJPMorgan Active Value ETF · US Large-Cap Value | Whole market | +11.5% | 14.5% | 0.82 | −16.5% | — | — | 0.44% |
| 39 | QYLDGlobal X - Nasdaq 100 Covered Call ETF · Equity Income | Whole market | +8.4% | 15.0% | 0.62 | −24.7% | +156% | 0.12 | 0.60% |
| 40 | DFAEDimensional - Emerging Core Equity Market ETF · Emerging Markets Equity | Whole market | +8.3% | 18.8% | 0.52 | −32.2% | — | 0.24 | 0.29% |
| 41 | TSPAT. Rowe Price U.S. Equity Research ETF · Broad Market | Whole market | +13.1% | 17.1% | 0.81 | −24.7% | — | 0.31 | 0.34% |
| 42 | TDIVFirst Trust NASDAQ Technology Dividend Index Fund · Technology Equity | Whole market | +16.2% | 21.3% | 0.81 | −32.0% | +388% | 0.26 | 0.50% |
| 43 |  MPLXMPLX Lp · Oil & Gas Midstream | Whole market | +23.5% | 18.8% | 1.22 | −75.2% | +350% | 0.27 | — |
| 44 | VSGXVanguard ESG International Stock ETF · International Equity | Whole market | +7.6% | 16.8% | 0.52 | −33.1% | — | 0.32 | 0.10% |
| 45 | IDMOInvesco S&P International Developed Momentum ETF · International Equity | Whole market | +13.3% | 18.2% | 0.78 | −31.3% | +229% | 0.37 | 0.25% |
| 46 | GARPiShares MSCI USA Quality GARP ETF · Broad Market | Whole market | +17.5% | 22.5% | 0.83 | −31.4% | — | 0.22 | 0.15% |
| 47 | FTLSFirst Trust Long/Short Equity ETF · Broad Market | Whole market | +10.2% | 10.4% | 0.99 | −20.6% | +158% | 0.28 | 0.95% |
| 48 | PTLCPacer Trendpilot US Large Cap ETF · Broad Market | Whole market | +9.5% | 11.8% | 0.83 | −26.6% | +188% | 0.17 | 0.60% |
| 49 | SPUSSP Funds S&P 500 Sharia Industry Exclusions ETF · Technology | Whole market | +15.0% | 19.5% | 0.82 | −30.8% | — | 0.21 | 0.45% |
| 50 | DIVIFranklin International Core Dividend Tilt Index ETF · International | Whole market | +13.4% | 15.5% | 0.89 | −27.7% | +184% | 0.36 | 0.09% |
| 51 | AORiShares Core 60/40 Balanced Allocation ETF · Multi-Asset | Whole market | +6.4% | 10.7% | 0.64 | −23.0% | +118% | 0.34 | 0.20% |
| 52 | BCIabrdn Bloomberg All Commodity Strategy K-1 Free ETF · Alternatives | Whole market | +10.1% | 16.7% | 0.66 | −32.7% | — | 0.19 | 0.26% |
| 53 | ACIOAptus Collared Income Opportunity ETF · Dividend & Income | Whole market | +9.3% | 11.1% | 0.86 | −14.2% | — | 0.32 | 0.79% |
| 54 | FTHIFirst Trust BuyWrite Income ETF · Dividend & Income | Whole market | +10.3% | 13.3% | 0.81 | −32.7% | +126% | 0.39 | 0.75% |
| 55 | CWBState Street SPDR Bloomberg Convertible Securities ETF · Corporate Bonds | Whole market | +3.7% | 13.7% | 0.34 | −32.1% | +178% | 0.37 | 0.40% |
| 56 | SCHYSchwab International Dividend Equity ETF · International | Whole market | +9.5% | 13.3% | 0.75 | −24.0% | — | 0.39 | 0.08% |
| 57 | JAAAJanus Henderson AAA CLO ETF · CLO Bonds | Whole market | +5.1% | 1.7% | 2.98 | −2.6% | — | -0.06 | 0.20% |
| 58 | PWBInvesco Large Cap Growth ETF · Broad Market | Whole market | +14.8% | 22.2% | 0.74 | −32.4% | +409% | 0.27 | 0.55% |
| 59 | HFXINYLI FTSE International Equity Currency Neutral ETF · International | Whole market | +11.4% | 15.3% | 0.79 | −32.4% | +180% | 0.34 | 0.19% |
| 60 | EEMViShares MSCI Emerging Markets Min Vol Factor ETF · International | Whole market | +5.3% | 12.8% | 0.47 | −31.6% | +75.5% | 0.20 | 0.25% |
| 61 | DSTLDistillate U.S. Fundamental Stability & Value ETF · Broad Market | Whole market | +11.3% | 16.1% | 0.75 | −33.1% | — | 0.37 | 0.39% |
| 62 | CHCOCity Holding Company · Banks - Regional | Whole market | +15.9% | 22.8% | 0.77 | −32.3% | +286% | 0.35 | — |
| 63 | INFLHorizon Kinetics Inflation Beneficiaries ETF · Broad Market | Whole market | +11.8% | 17.8% | 0.72 | −21.3% | — | 0.53 | 0.85% |
| 64 | QGROAmerican Century U.S. Quality Growth ETF · Broad Market | Whole market | +9.9% | 21.2% | 0.55 | −32.6% | — | 0.31 | 0.29% |
| 65 | TDVGT. Rowe Price Dividend Growth ETF · Dividend & Income | Whole market | +9.6% | 13.8% | 0.73 | −19.2% | — | 0.39 | 0.50% |
| 66 |  ABBVAbbVie Inc. · Pharmaceuticals | Whole market | +26.1% | 23.4% | 1.11 | −45.1% | +603% | 0.17 | — |
| 67 | DBJPXtrackers MSCI Japan Hedged Equity ETF · International | Whole market | +20.9% | 19.2% | 1.09 | −31.3% | +348% | 0.25 | 0.45% |
| 68 | BBMCJPMorgan BetaBuilders U.S. Mid Cap Equity ETF · Broad Market | Whole market | +7.2% | 20.5% | 0.44 | −30.1% | — | 0.45 | 0.07% |
| 69 | PPHVanEck Pharmaceutical ETF · Healthcare | Whole market | +11.6% | 15.8% | 0.78 | −29.7% | +153% | 0.27 | 0.36% |
| 70 | FTXHFirst Trust Nasdaq Pharmaceuticals ETF · Healthcare | Whole market | +11.9% | 16.9% | 0.75 | −32.1% | +153% | 0.22 | 0.60% |
| 71 | QQEWFirst Trust Nasdaq-100 Select Equal Weight ETF · Technology | Whole market | +6.8% | 21.3% | 0.42 | −32.1% | +267% | 0.23 | 0.55% |
| 72 | NTSXWisdomTree U.S. Efficient Core Fund · Alternatives | Whole market | +8.2% | 17.2% | 0.55 | −31.4% | — | 0.32 | 0.20% |
| 73 | SMIGBahl & Gaynor Small/Mid Cap Income Growth ETF · Dividend & Income | Whole market | +6.5% | 16.0% | 0.48 | −19.7% | — | 0.49 | 0.60% |
| 74 | QQQEDirexion NASDAQ-100 Equal Weighted Index ETF · Broad Market | Whole market | +8.1% | 20.7% | 0.48 | −32.1% | +294% | 0.27 | 0.35% |
| 75 |  VVisa Inc. · Payment Processing | Whole market | +12.8% | 22.9% | 0.64 | −36.4% | +429% | 0.20 | — |
| 76 | SIXAETC 6 Meridian Mega Cap Equity ETF · Broad Market | Whole market | +12.8% | 12.7% | 1.01 | −18.4% | — | 0.44 | 0.31% |
| 77 | DXJWisdomTree Japan Hedged Equity Fund · International Equity | Whole market | +26.6% | 19.1% | 1.34 | −39.1% | +428% | 0.27 | 0.48% |
| 78 |  KOThe Coca-Cola Company · Food & Beverages | Whole market | +14.7% | 16.8% | 0.91 | −37.0% | +204% | 0.20 | — |
| 79 | OUSAALPS Funds O’Shares U.S. Quality Dividend ETF · Dividend & Income | Whole market | +9.4% | 13.4% | 0.74 | −33.1% | +186% | 0.36 | 0.48% |
| 80 |  PMPhilip Morris International Inc. · Tobacco | Whole market | +21.0% | 23.4% | 0.94 | −42.9% | +242% | 0.33 | — |
| 81 | PSTLPostal Realty Trust, Inc. · REIT - Office | Whole market | +9.2% | 23.0% | 0.50 | −29.9% | — | 0.28 | — |
| 82 | RSPHInvesco S&P 500 Equal Weight Health Care ETF · Healthcare | Whole market | +6.1% | 16.8% | 0.44 | −30.4% | +177% | 0.31 | 0.40% |
| 83 | CDCVictoryShares US EQ Income Enhanced Volatility Wtd ETF · Dividend & Income | Whole market | +6.0% | 12.5% | 0.53 | −21.4% | +168% | 0.46 | 0.38% |
| 84 | LGHHCM Defender 500 Index ETF · Broad Market | Whole market | +9.4% | 16.7% | 0.63 | −29.6% | — | 0.32 | 1.00% |
| 85 | DGICADonegal Group Inc. · Insurance - Property & Casualty | Whole market | +9.9% | 23.5% | 0.52 | −30.3% | +78.9% | 0.07 | — |
| 86 |  TDThe Toronto-Dominion Bank · Banks | Whole market | +15.8% | 20.0% | 0.84 | −42.0% | +310% | 0.32 | — |
| 87 | IDUBAptus International Enhanced Yield ETF · International | Whole market | +5.9% | 14.9% | 0.46 | −29.2% | — | 0.33 | 0.44% |
| 88 |  TJXThe TJX Companies, Inc. · Specialty Retail | Whole market | +19.9% | 22.3% | 0.93 | −42.5% | +361% | 0.18 | — |
| 89 |  BTIBritish American Tobacco p.l.c. · Tobacco | Whole market | +18.7% | 22.0% | 0.90 | −56.1% | +98.2% | 0.36 | — |
| 90 |  CBChubb Limited · Property & Casualty Insurance | Whole market | +15.7% | 20.4% | 0.82 | −42.6% | +248% | 0.38 | — |
| 91 |  MOAltria Group, Inc. · Tobacco | Whole market | +17.8% | 21.4% | 0.88 | −53.7% | +140% | 0.33 | — |
| 92 |  CMCanadian Imperial Bank of Commerce · Banks | Whole market | +19.2% | 21.6% | 0.93 | −47.3% | +395% | 0.39 | — |
| 93 |  TRVThe Travelers Companies, Inc. · Property & Casualty Insurance | Whole market | +22.4% | 22.3% | 1.02 | −46.3% | +347% | 0.39 | — |
| 94 |  EPDEnterprise Products Partners L.P. · Oil & Gas Midstream | Whole market | +16.4% | 17.1% | 0.98 | −58.1% | +178% | 0.30 | — |
| 95 | VRIGInvesco Variable Rate Investment Grade ETF · Bonds | Whole market | +4.7% | 1.3% | 3.51 | −13.1% | +40.5% | -0.01 | 0.30% |
| 96 |  SCHDSchwab U.S. Dividend Equity ETF · US Dividend Equity | Whole market | +9.7% | 14.3% | 0.72 | −33.4% | +252% | 0.44 | 0.06% |
| 97 |  BMOBank of Montreal · Banks | Whole market | +13.6% | 21.4% | 0.71 | −51.0% | +295% | 0.40 | — |
| 98 |  BNSThe Bank of Nova Scotia · Banks | Whole market | +12.9% | 19.9% | 0.71 | −46.9% | +187% | 0.31 | — |
| 99 | BALTInnovator Defined Wealth Shield ETF · Crypto | Whole market | +6.3% | 3.3% | 1.85 | −4.9% | — | 0.27 | 0.69% |
| 100 |  UNPUnion Pacific Corporation · Railroads | Whole market | +7.1% | 22.9% | 0.42 | −38.7% | +295% | 0.27 | — |
LHX against its popular alternatives
The investments people most often weigh against LHX, compared period by period and year by year.
How do LHX's risk and return compare with its alternatives?
This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at LHX, which divides the map into what did better or worse on each measure.
- RTX, GD and LMT were both more rewarding and calmer than LHX over the past 5 years, earning a higher annual return with lower volatility.
- Over the past 5 years, LHX returned 2.5% a year, less than the S&P 500's 12.7%, with higher volatility (24.9% against 17.1%).
Green points earned more than LHX with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.
All figures
| Investment | Annual return | Volatility |
|---|---|---|
| ATI ATI Inc. | +61.8% | 42.9% |
| PLTR Palantir Technologies Inc. | +51.4% | 67.0% |
| HWM Howmet Aerospace Inc. | +47.3% | 32.5% |
| RKLB Rocket Lab USA, Inc. | +32.0% | 78.8% |
| CW Curtiss-Wright Corporation | +30.8% | 28.7% |
| DRS Leonardo DRS, Inc. | +26.8% | 42.8% |
| AIR AAR Corp. | +24.2% | 36.6% |
| BWXT BWX Technologies, Inc. | +19.6% | 34.1% |
| RTX RTX Corporation | +18.6% | 24.3% |
| HEI HEICO Corporation | +17.3% | 27.8% |
| CACI CACI International Inc | +16.6% | 29.9% |
| TDG TransDigm Group Incorporated | +16.4% | 28.0% |
| GD General Dynamics Corporation | +12.9% | 20.8% |
| SPY S&P 500State Street SPDR S&P 500 ETF | +12.7% | 17.1% |
| KTOS Kratos Defense & Security Solutions, Inc. | +11.4% | 53.1% |
| LMT Lockheed Martin Corporation | +11.1% | 24.2% |
| SAIC Science Applications International Corporation | +9.9% | 30.7% |
| NOC Northrop Grumman Corporation | +7.6% | 26.1% |
| HII Huntington Ingalls Industries, Inc. | +7.4% | 32.2% |
| MRCY Mercury Systems, Inc. | +7.1% | 47.9% |
| LDOS Leidos Holdings, Inc. | +6.3% | 27.8% |
| AVAV AeroVironment, Inc. | +4.9% | 58.4% |
| LHX This pageL3Harris Technologies, Inc. | +2.5% | 24.9% |
| VSAT Viasat, Inc. | +1.7% | 78.1% |
| TXT Textron Inc. | +0.8% | 27.6% |
| BAH Booz Allen Hamilton Holding Corporation | +0.4% | 32.6% |
| BA The Boeing Company | −2.5% | 36.8% |
Has LHX consistently beaten its popular alternatives?
This section compares LHX with the investments people most often weigh against it, checking each one over eight periods from one month to ten years. Counting how often an alternative earned more than LHX helps separate lasting outperformance from a single strong stretch.
- Ten of the 25 popular alternatives, led by TDG, ATI and HEI, outperformed LHX in at least 3 of 5 short-term and 2 of 3 long-term timeframes.
- TDG, ATI and HEI outperformed LHX in every long-term period and in all but one short-term period, the most consistent record in the group.
- LMT and NOC earned more for the risk they took than LHX (a higher Sharpe ratio) and fell less in their worst decline of the past 10 years.
A green cell means the alternative earned more than LHX over that period. "Qualified" marks those that did so in at least 3 of 5 short-term periods and 2 of 3 long-term periods.
| Investment | Periods outperformed | Short term | Long term | Risk · 5 years | Fund | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Volatilitylower is calmer | Sharpehigher is better | Worst declinepast 10 years | Expense | Assets | Overlapsame sectors | ||
| LHX L3Harris Technologies, Inc. (this page) | — | +0.7% | −10.9% | −28.0% | −17.3% | −13.0% | +49.6% | +13.0% | +229% | 24.9% | 0.22 | −38.2% | — | $46B | — |
| TDG QualifiedTransDigm Group Incorporated | 5/5 short3/3 longAll-weather | +3.0% | −5.1% | −10.3% | −15.9% | −12.2% | +62.5% | +114% | +543% | 28.0% | 0.69 | −62.6% | — | $63B | — |
| ATI QualifiedATI Inc. | 4/5 short3/3 longAll-weather | −3.2% | −1.7% | +11.6% | +53.6% | +125% | +415% | +1,008% | +929% | 42.9% | 1.34 | −82.4% | — | $25B | — |
| HEI QualifiedHEICO Corporation | 4/5 short3/3 longAll-weather | +0.7% | −10.3% | +4.5% | −7.3% | −2.4% | +93.4% | +122% | +809% | 27.8% | 0.71 | −57.7% | — | $43B | — |
| CACI QualifiedCACI International Inc | 4/5 short3/3 longAll-weather | −4.0% | +34.7% | +16.4% | +13.1% | +15.4% | +85.8% | +115% | +499% | 29.9% | 0.66 | −42.9% | — | $13B | — |
| RTX QualifiedRTX Corporation | 4/5 short3/3 longAll-weather | −0.5% | −0.2% | −0.5% | +4.4% | +22.1% | +183% | +135% | +317% | 24.3% | 0.83 | −52.0% | — | $261B | — |
| HWM QualifiedHowmet Aerospace Inc. | 3/5 short3/3 long | −6.9% | −22.1% | −17.1% | +0.1% | +10.2% | +391% | +594% | +1,028% | 32.5% | 1.36 | −68.9% | — | $84B | — |
| PLTR QualifiedPalantir Technologies Inc. | 5/5 short2/3 long | +5.2% | +42.8% | +32.0% | +14.7% | +6.1% | +1,096% | +695% | — | 67.0% | 0.95 | −84.6% | — | $443B | — |
| GD QualifiedGeneral Dynamics Corporation | 4/5 short2/3 long | −2.2% | −6.6% | +4.7% | +2.1% | +4.0% | +55.4% | +83.3% | +184% | 20.8% | 0.69 | −51.6% | — | $93B | — |
| AIR QualifiedAAR Corp. | 3/5 short2/3 long | −14.2% | −26.5% | −18.2% | +18.2% | +18.8% | +71.7% | +196% | +224% | 36.6% | 0.78 | −81.8% | — | $4.0B | — |
| MRCY QualifiedMercury Systems, Inc. | 3/5 short2/3 long | −13.0% | −21.3% | −11.4% | −2.0% | −3.3% | +100% | +40.9% | +212% | 47.9% | 0.38 | −71.7% | — | $4.5B | — |
| DRS Aerospace & DefenseLeonardo DRS, Inc. | 2/5 short3/3 long | −10.6% | −23.4% | −23.0% | −1.8% | −14.2% | +82.9% | +228% | +3,294% | 42.8% | 0.77 | −67.5% | — | $9.1B | — |
| CW Aerospace & DefenseCurtiss-Wright Corporation | 2/5 short3/3 long | −12.8% | −30.1% | −32.1% | −13.4% | −11.6% | +148% | +283% | +512% | 28.7% | 1.08 | −48.7% | — | $18B | — |
| KTOS Aerospace & DefenseKratos Defense & Security Solutions, Inc. | 0/5 short3/3 long | −19.8% | −15.2% | −44.2% | −50.9% | −55.0% | +127% | +71.3% | +515% | 53.1% | 0.47 | −72.7% | — | $7.3B | — |
| BWXT Aerospace & DefenseBWX Technologies, Inc. | 0/5 short3/3 long | −9.0% | −20.7% | −41.0% | −25.9% | −35.0% | +79.8% | +145% | +289% | 34.1% | 0.70 | −47.7% | — | $12B | — |
| LDOS Information Technology ServicesLeidos Holdings, Inc. | 2/5 short2/3 long | −0.4% | +19.7% | −17.0% | −29.8% | −32.2% | +42.4% | +35.6% | +253% | 27.8% | 0.36 | −49.5% | — | $16B | — |
| AVAV Aerospace & DefenseAeroVironment, Inc. | 0/5 short2/3 long | −26.9% | −17.5% | −40.4% | −54.1% | −67.7% | +0.7% | +27.1% | +426% | 58.4% | 0.37 | −71.3% | — | $6.0B | — |
| RKLB Aerospace & DefenseRocket Lab USA, Inc. | 0/5 short2/3 long | −27.2% | −22.6% | −43.1% | −33.0% | −24.4% | +1,144% | +300% | — | 78.8% | 0.74 | −83.0% | — | $30B | — |
| LMT Aerospace & DefenseLockheed Martin Corporation | 5/5 short1/3 long | +2.5% | +8.4% | −4.4% | +12.4% | +11.3% | +33.8% | +69.0% | +204% | 24.2% | 0.56 | −36.7% | — | $127B | — |
| NOC Aerospace & DefenseNorthrop Grumman Corporation | 5/5 short1/3 long | +1.4% | +2.4% | −18.0% | −7.7% | −9.8% | +15.6% | +44.5% | +188% | 26.1% | 0.41 | −37.8% | — | $76B | — |
| SAIC Information Technology ServicesScience Applications International Corporation | 5/5 short1/3 long | +1.6% | +20.3% | +43.5% | +35.3% | +37.6% | +27.6% | +60.1% | +135% | 30.7% | 0.46 | −45.9% | — | $5.7B | — |
| VSAT Communication EquipmentViasat, Inc. | 3/5 short1/3 long | −21.2% | −13.4% | −6.1% | +59.9% | +62.2% | +185% | +8.6% | −17.6% | 78.1% | 0.40 | −92.8% | — | $8.3B | — |
| HII Aerospace & DefenseHuntington Ingalls Industries, Inc. | 2/5 short1/3 long | −1.4% | +1.3% | −30.0% | −21.2% | −3.2% | +32.2% | +43.2% | +110% | 32.2% | 0.39 | −49.7% | — | $11B | — |
| BA Aerospace & DefenseThe Boeing Company | 4/5 short0/3 long | −5.3% | −9.1% | −15.4% | −16.4% | −12.2% | +5.8% | −11.9% | +52.4% | 36.8% | 0.12 | −77.9% | — | $151B | — |
| BAH Consulting ServicesBooz Allen Hamilton Holding Corporation | 3/5 short0/3 long | −3.1% | +17.1% | −5.7% | −9.7% | −23.5% | −34.5% | +2.0% | +197% | 32.6% | 0.18 | −66.6% | — | $9.0B | — |
| TXT Aerospace & DefenseTextron Inc. | 3/5 short0/3 long | −2.8% | −15.0% | −15.6% | −11.3% | −6.3% | +1.9% | +4.1% | +97.9% | 27.6% | 0.17 | −70.0% | — | $13B | — |
How did LHX do year by year?
This table shows each investment's total return in every full calendar year since 1997, along with where LHX ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with LHX and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.
- Among its popular alternatives, RKLB came out ahead of LHX most often, in four of the five years both traded.
- Ranked against its popular alternatives each year, LHX finished in the top quarter in five of 29 years and in the bottom quarter in two. In 2025, it ranked 13 of 26.
- LHX finished ahead of the S&P 500 in 18 of its 29 full calendar years.
Newest year first. Green marks a year in which the fund came out ahead of LHX; gray means the two finished within a fraction of a point. The rank row places LHX among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.
| Investment | Years ahead of LHX | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LHX This pageL3Harris Technologies, Inc. | — | +42.3% | +1.9% | +3.7% | −0.5% | +15.0% | −2.8% | +49.2% | −3.4% | +40.8% | +20.7% | +24.0% | +5.5% | +46.7% | +40.3% | −18.4% | −2.7% | +31.5% | −38.4% | +38.0% | +7.5% | +40.3% | +64.0% | +46.1% | −13.0% | +0.2% | +15.4% | +4.6% | −18.1% | +36.6% |
| Rank among alternatives | Top quarter in 5 of 29 | 13 of 26 | 20 of 26 | 21 of 26 | 19 of 26 | 8 of 26 | 13 of 24 | 9 of 24 | 8 of 24 | 10 of 24 | 15 of 24 | 5 of 24 | 14 of 24 | 13 of 23 | 2 of 23 | 15 of 22 | 16 of 20 | 10 of 20 | 11 of 20 | 4 of 19 | 12 of 17 | 3 of 17 | 2 of 17 | 9 of 17 | 9 of 17 | 10 of 17 | 8 of 17 | 8 of 15 | 11 of 14 | 5 of 14 |
| SPY S&P 500State Street SPDR S&P 500 ETF | 11 of 29 | +17.7% | +24.9% | +26.2% | −18.2% | +28.7% | +18.3% | +31.2% | −4.6% | +21.7% | +12.0% | +1.2% | +13.5% | +32.3% | +16.0% | +1.9% | +15.1% | +26.4% | −36.8% | +5.1% | +15.9% | +4.8% | +10.7% | +28.2% | −21.6% | −11.7% | −9.8% | +20.4% | +28.7% | +33.5% |
| TDG TransDigm Group Incorporated | 13 of 19 | +12.2% | +32.3% | +66.6% | +1.8% | +2.8% | +10.5% | +84.4% | +23.8% | +19.8% | +19.1% | +16.4% | +39.9% | +36.8% | +56.1% | +32.9% | +51.6% | +67.3% | −25.7% | +70.4% | — | — | — | — | — | — | — | — | — | — |
| ATI ATI Inc. | 14 of 26 | +109% | +21.1% | +52.3% | +87.5% | −5.0% | −18.8% | −5.1% | −9.8% | +51.5% | +43.9% | −66.7% | −0.5% | +20.2% | −35.1% | −12.2% | +25.0% | +79.8% | −70.0% | −4.2% | +153% | +68.2% | +66.5% | +122% | −60.8% | +10.3% | −26.5% | — | — | — |
| HEI HEICO Corporation | 17 of 29 | +36.2% | +33.1% | +16.6% | +6.7% | +9.1% | +16.2% | +47.5% | +28.6% | +53.0% | +42.3% | −9.7% | +4.5% | +63.2% | +1.1% | +43.6% | +44.3% | +14.5% | −28.6% | +40.7% | +50.4% | +14.9% | +38.1% | +73.2% | −29.5% | +6.7% | −28.3% | −30.8% | +66.7% | +78.9% |
| CACI CACI International Inc | 15 of 29 | +31.9% | +24.8% | +7.7% | +11.7% | +8.0% | −0.3% | +73.6% | +8.8% | +6.5% | +34.0% | +7.7% | +17.7% | +33.1% | −1.6% | +4.7% | +9.3% | +8.3% | +0.7% | −20.8% | −1.5% | −15.8% | +40.1% | +36.4% | −9.8% | +243% | +1.8% | +34.0% | −14.8% | −5.6% |
| RTX RTX Corporation | 14 of 29 | +61.4% | +40.8% | −14.4% | +20.0% | +23.3% | −16.7% | +44.1% | −14.5% | +19.3% | +17.3% | −14.3% | +3.4% | +42.0% | +15.3% | −4.8% | +16.4% | +33.4% | −28.4% | +24.6% | +13.8% | +10.2% | +10.9% | +55.5% | −2.6% | −16.8% | +22.7% | +21.1% | +51.8% | +11.7% |
| HWM Howmet Aerospace Inc. | 12 of 29 | +87.9% | +103% | +37.8% | +24.2% | +11.7% | −7.2% | +83.6% | −37.5% | +48.4% | −11.5% | −36.3% | +50.9% | +25.6% | +2.9% | −42.9% | −2.8% | +51.3% | −67.4% | +26.4% | +5.5% | −1.8% | −14.1% | +75.3% | −33.1% | +9.8% | −15.9% | +133% | +7.0% | +11.8% |
| PLTR Palantir Technologies Inc. | 3 of 5 | +135% | +340% | +167% | −64.7% | −22.7% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| GD General Dynamics Corporation | 14 of 29 | +30.4% | +3.5% | +7.1% | +21.7% | +43.8% | −13.1% | +14.8% | −21.3% | +19.9% | +28.5% | +1.8% | +47.3% | +41.0% | +8.2% | −3.9% | +6.7% | +21.6% | −34.2% | +21.4% | +32.1% | +10.6% | +17.4% | +16.0% | +1.1% | +3.6% | +50.5% | −9.2% | +38.6% | +25.3% |
| AIR AAR Corp. | 9 of 29 | +35.1% | −1.8% | +39.0% | +15.0% | +7.8% | −19.6% | +21.7% | −4.3% | +19.9% | +27.2% | −4.3% | +0.3% | +52.0% | −0.7% | −29.6% | +19.6% | +24.8% | −51.6% | +30.3% | +21.9% | +75.9% | −8.9% | +191% | −42.4% | −27.0% | −27.8% | −23.5% | −6.1% | +30.1% |
| MRCY Mercury Systems, Inc. | 11 of 27 | +73.8% | +14.8% | −18.3% | −18.7% | −37.5% | +27.4% | +46.1% | −7.9% | +69.9% | +64.6% | +37.1% | +27.2% | +19.0% | −30.8% | −27.7% | +67.0% | +74.5% | −60.8% | +20.6% | −35.3% | −30.5% | +19.2% | −18.4% | −22.0% | −15.8% | +32.7% | +149% | — | — |
| DRS Leonardo DRS, Inc. | 13 of 29 | +6.6% | +61.2% | +56.8% | +35.7% | −3.3% | +87.7% | +101% | −16.2% | +166% | +63.2% | −85.8% | +72.6% | +37.7% | −45.4% | −22.0% | +10.7% | +209% | −63.6% | −2.7% | −37.1% | −28.9% | −14.6% | +183% | −62.3% | −33.2% | −36.0% | +28.2% | −11.4% | −65.1% |
| CW Curtiss-Wright Corporation | 17 of 29 | +55.7% | +59.7% | +34.0% | +21.0% | +19.9% | −16.8% | +38.7% | −15.8% | +24.5% | +44.4% | −2.2% | +14.3% | +91.4% | −6.0% | +7.5% | +7.1% | −5.2% | −32.9% | +36.2% | +36.9% | −4.3% | +28.4% | +42.3% | +34.9% | +3.9% | +27.8% | −1.8% | +6.3% | +46.4% |
| KTOS Kratos Defense & Security Solutions, Inc. | 11 of 26 | +188% | +30.0% | +96.6% | −46.8% | −29.3% | +52.3% | +27.8% | +33.1% | +43.1% | +80.5% | −18.3% | −34.6% | +52.7% | −15.8% | −54.7% | +24.8% | −24.6% | −40.4% | −17.5% | −44.1% | −46.0% | −36.5% | +147% | −10.7% | −81.4% | −16.9% | — | — | — |
| BWXT BWX Technologies, Inc. | 10 of 15 | +56.4% | +46.5% | +33.9% | +23.3% | −19.4% | −1.5% | +64.5% | −36.1% | +53.6% | +26.2% | +48.2% | −10.2% | +32.0% | +8.9% | −5.6% | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| LDOS Leidos Holdings, Inc. | 9 of 19 | +26.5% | +34.5% | +4.5% | +20.0% | −14.2% | +8.9% | +88.8% | −16.7% | +28.4% | +27.0% | +35.0% | −3.2% | +64.2% | −5.3% | −22.5% | −16.3% | −2.8% | −3.2% | +13.1% | — | — | — | — | — | — | — | — | — | — |
| AVAV AeroVironment, Inc. | 9 of 18 | +57.2% | +22.1% | +47.1% | +38.1% | −28.6% | +40.8% | −9.1% | +21.0% | +109% | −9.0% | +8.2% | −6.5% | +34.0% | −30.9% | +17.3% | −7.7% | −21.0% | +52.1% | — | — | — | — | — | — | — | — | — | — | — |
| RKLB Rocket Lab USA, Inc. | 4 of 5 | +174% | +361% | +46.7% | −69.3% | +21.5% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| LMT Lockheed Martin Corporation | 12 of 29 | +2.5% | +10.0% | −4.3% | +40.5% | +3.1% | −6.5% | +52.5% | −16.4% | +30.0% | +18.4% | +16.2% | +33.8% | +68.1% | +19.5% | +20.7% | −3.9% | −7.6% | −18.6% | +16.0% | +47.0% | +16.5% | +10.0% | −10.0% | +24.7% | +39.0% | +57.9% | −46.9% | −12.6% | +9.5% |
| NOC Northrop Grumman Corporation | 13 of 29 | +23.6% | +1.9% | −12.8% | +43.0% | +29.3% | −9.9% | +42.7% | −18.9% | +33.9% | +25.2% | +30.5% | +31.4% | +74.4% | +19.6% | +2.9% | +19.7% | +28.5% | −41.2% | +18.4% | +14.6% | +12.6% | +15.7% | +0.3% | −2.4% | +23.7% | +57.3% | −24.2% | −35.3% | +41.5% |
| SAIC Science Applications International Corporation | 5 of 12 | −8.7% | −9.0% | +13.6% | +34.9% | −10.2% | +10.8% | +39.1% | −15.5% | −8.2% | +89.5% | −5.3% | +54.0% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| VSAT Viasat, Inc. | 11 of 29 | +305% | −69.5% | −11.7% | −28.9% | +36.4% | −55.4% | +24.2% | −21.2% | +13.0% | +8.5% | −3.2% | +0.6% | +61.1% | −15.7% | +3.9% | +39.7% | +32.0% | −30.1% | +15.5% | +11.5% | +10.1% | +26.8% | +65.9% | −26.0% | +18.8% | −47.3% | +396% | −26.1% | +51.3% |
| HII Huntington Ingalls Industries, Inc. | 6 of 14 | +84.2% | −25.7% | +15.2% | +26.3% | +12.1% | −30.4% | +34.0% | −18.2% | +29.5% | +47.2% | +14.4% | +26.1% | +109% | +38.9% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| BA The Boeing Company | 9 of 29 | +22.7% | −32.1% | +36.8% | −5.4% | −5.9% | −33.9% | +3.3% | +11.5% | +94.7% | +11.3% | +14.1% | −2.5% | +84.7% | +5.2% | +15.2% | +23.6% | +31.8% | −50.1% | −0.1% | +28.4% | +37.9% | +24.9% | +30.4% | −13.4% | −40.4% | +61.2% | +28.7% | −32.5% | −7.1% |
| BAH Booz Allen Hamilton Holding Corporation | 8 of 15 | −33.0% | +2.0% | +24.5% | +25.7% | −1.0% | +24.4% | +60.2% | +20.2% | +7.8% | +19.3% | +18.5% | +56.3% | +49.0% | +40.0% | −11.3% | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| TXT Textron Inc. | 11 of 29 | +14.1% | −4.8% | +13.7% | −8.2% | +59.9% | +8.6% | −2.9% | −18.6% | +16.7% | +15.8% | 0.0% | +14.7% | +48.7% | +34.5% | −21.5% | +26.1% | +36.7% | −80.0% | +54.4% | +24.0% | +6.3% | +32.2% | +37.1% | +6.9% | −8.5% | −37.8% | +2.6% | +24.3% | +34.8% |
Risk and diversification
How LHX has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.
What were LHX's worst declines?
A drawdown is the decline from a peak to the lowest point before a new high. This section presents LHX's five deepest drawdowns since it began trading in 1986, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.
- In all three of LHX's worst declines, the S&P 500 held up better over the same dates.
- Not every decline was the market's doing: LHX fell 59.6% from March 1998 to November 1999, while the S&P 500 rose 25.3%.
- The slowest recovery came after LHX fell 57.1% from May 2008 to April 2009; it did not regain that peak until July 2013, four years later.
Green means LHX fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.
| During | LHX fell | S&P 500, same dates | Peak | Low | Time to the low | Back at the peak | Time to recover |
|---|---|---|---|---|---|---|---|
| No named crash | −62.8% | — | Oct 1989 | Oct 1990 | 12 months | Nov 1992 | 2.1 years |
| No named crash | −59.6% | +25.3% | Mar 1998 | Nov 1999 | 20 months | Mar 2000 | 4 months |
| 2008 financial crisis | −57.1% | −39.0% | May 2008 | Apr 2009 | 11 months | Jul 2013 | 4.3 years |
| Dot-com bust | −45.2% | −26.9% | Mar 2000 | Apr 2001 | 13 months | Apr 2002 | 12 months |
| No named crash | −44.9% | — | May 1987 | Dec 1987 | 7 months | Oct 1989 | 22 months |
How did LHX do in stock market crashes?
This section measures how far LHX, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000. A smaller decline means an investment held up better, and comparing results across crashes shows whether that resilience was consistent or a one-off.
- Among its popular alternatives, LMT held up best, falling less than LHX in seven of the ten crashes they both traded through.
- LHX fell further than the S&P 500 in five of the ten crashes it has traded through. The clearest case was the 2015 China and oil sell-off, when LHX fell 19.9% and the S&P 500 fell 12.8%.
Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than LHX.
| Investment | Held up better | 2023 regional bank crisisMar 2023 | 2022 bear marketJan 2022 | Covid crashFeb 2020 | Late-2018 sell-offSep 2018 | February 2018 volatility shockFeb 2018 | 2015 China and oil sell-offAug 2015 | 2011 euro debt crisisJul 2011 | 2010 flash crashMay 2010 | 2008 financial crisisOct 2007 | Dot-com bustMar 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LHX This pageL3Harris Technologies, Inc. | — | −2.6% | −22.2% | −33.2% | −26.3% | −4.9% | −19.9% | −22.8% | −2.9% | −56.1% | −45.2% |
| SPY S&P 500State Street SPDR S&P 500 ETF | 5 of 10 | −3.4% | −24.5% | −33.7% | −19.3% | −6.5% | −12.8% | −17.9% | −1.5% | −55.2% | −47.5% |
| TDG TransDigm Group Incorporated | 3 of 9 | −8.1% | −24.9% | −61.7% | −16.3% | −8.1% | −23.4% | −20.6% | −3.2% | −51.7% | — |
| ATI ATI Inc. | 1 of 10 | −8.7% | −30.9% | −74.4% | −28.7% | −4.5% | −65.6% | −48.4% | 0.0% | −86.7% | −73.7% |
| HEI HEICO Corporation | 3 of 10 | −3.7% | −18.8% | −52.4% | −22.6% | −7.3% | −14.6% | −27.3% | −3.0% | −61.4% | −53.9% |
| CACI CACI International Inc | 5 of 10 | −3.4% | −18.9% | −41.4% | −26.0% | −3.0% | −21.9% | −24.0% | 0.0% | −30.0% | −43.5% |
| RTX RTX Corporation | 3 of 10 | −1.5% | −21.9% | −50.5% | −27.7% | −7.1% | −15.4% | −23.1% | −2.5% | −52.0% | −52.1% |
| HWM Howmet Aerospace Inc. | 2 of 10 | −8.5% | −20.2% | −64.8% | −30.8% | −16.0% | −38.4% | −43.5% | 0.0% | −87.3% | −58.3% |
| PLTR Palantir Technologies Inc. | 0 of 2 | −9.6% | −63.1% | — | — | — | — | — | — | — | — |
| GD General Dynamics Corporation | 5 of 10 | −3.6% | −15.3% | −43.2% | −28.4% | −7.1% | −18.1% | −21.8% | −2.2% | −61.0% | −32.4% |
| AIR AAR Corp. | 0 of 10 | −5.2% | −33.2% | −79.4% | −30.1% | −4.7% | −31.4% | −51.6% | −5.8% | −73.1% | −85.7% |
| MRCY Mercury Systems, Inc. | 2 of 10 | −6.8% | −41.8% | −34.0% | −24.8% | −10.3% | −16.1% | −36.3% | −5.0% | −84.5% | −75.5% |
| DRS Leonardo DRS, Inc. | 1 of 10 | −4.6% | −52.8% | −62.7% | −17.0% | −7.6% | −74.5% | −56.4% | −10.2% | −78.2% | −93.4% |
| CW Curtiss-Wright Corporation | 5 of 10 | −4.4% | −20.5% | −47.8% | −29.6% | −9.6% | −12.9% | −19.3% | −1.7% | −59.2% | −33.7% |
| KTOS Kratos Defense & Security Solutions, Inc. | 1 of 10 | −3.1% | −57.5% | −51.1% | −19.8% | −7.4% | −41.5% | −47.3% | −3.9% | −80.6% | −97.5% |
| BWXT BWX Technologies, Inc. | 2 of 7 | −3.1% | −18.1% | −40.1% | −41.6% | −6.2% | −16.0% | −31.1% | — | — | — |
| LDOS Leidos Holdings, Inc. | 4 of 9 | −1.9% | −19.8% | −40.9% | −27.2% | −6.4% | −30.5% | −31.7% | 0.0% | −20.9% | — |
| AVAV AeroVironment, Inc. | 3 of 9 | −4.1% | −31.7% | −27.0% | −42.2% | −7.6% | −28.1% | −22.3% | −3.0% | −24.4% | — |
| RKLB Rocket Lab USA, Inc. | 0 of 2 | −8.9% | −68.1% | — | — | — | — | — | — | — | — |
| LMT Lockheed Martin Corporation | 7 of 10 | −0.8% | −16.9% | −35.9% | −29.4% | −5.2% | −8.5% | −17.3% | −1.9% | −50.5% | −24.5% |
| NOC Northrop Grumman Corporation | 6 of 10 | −1.6% | −11.2% | −26.1% | −29.0% | −4.3% | −9.1% | −24.7% | −2.7% | −58.7% | −27.6% |
| SAIC Science Applications International Corporation | 1 of 6 | −2.6% | −15.4% | −45.9% | −27.7% | −9.3% | −24.1% | — | — | — | — |
| VSAT Viasat, Inc. | 2 of 10 | −4.3% | −49.1% | −53.5% | −20.9% | −10.9% | −19.9% | −31.0% | −2.3% | −57.4% | −91.3% |
| HII Huntington Ingalls Industries, Inc. | 3 of 7 | −2.1% | −13.0% | −34.8% | −32.0% | −7.5% | −13.4% | −33.3% | — | — | — |
| BA The Boeing Company | 3 of 10 | −2.9% | −48.7% | −71.9% | −24.7% | −5.7% | −26.8% | −20.5% | −1.8% | −70.0% | −57.1% |
| BAH Booz Allen Hamilton Holding Corporation | 4 of 7 | −3.0% | −21.5% | −25.5% | −17.6% | −7.1% | −17.1% | −29.0% | — | — | — |
| TXT Textron Inc. | 0 of 10 | −8.1% | −25.9% | −54.5% | −38.9% | −6.0% | −29.0% | −39.9% | −9.4% | −94.7% | −49.9% |
How closely does LHX move with the S&P 500?
Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell. An investment that captures more of the gains than the losses has compounded ahead of the market over time. This section compares LHX with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 10 years.
- Over the past 10 years, LHX captured 72% of the S&P 500's gains in rising months and 65% of its losses in falling months, with a beta of 0.70. That is a defensive profile: it gave up some of the market's upside in exchange for smaller losses.
- DRS took just 4% of the S&P 500's losses, against 65% for LHX, while still keeping 125% of its gains.
- 11 of the 23 popular alternatives had a higher capture ratio (upside capture divided by downside capture) than LHX's 1.11, led by DRS, NOC and CACI.
Monthly total returns over the past 10 years, measured against SPY. 100% capture or a beta of 1.00 means moving in line with the S&P 500. Green marks a better figure than LHX's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.
| Investment | Upside capture | Downside capture | Capture ratio | Beta |
|---|---|---|---|---|
| LHX This pageL3Harris Technologies, Inc. | 72% | 65% | 1.11 | 0.70 |
| DRS Leonardo DRS, Inc. | 125% | 4% | 27.82 | 0.66 |
| NOC Northrop Grumman Corporation | 49% | 32% | 1.55 | 0.35 |
| CACI CACI International Inc | 94% | 62% | 1.50 | 0.79 |
| HEI HEICO Corporation | 118% | 85% | 1.39 | 1.15 |
| CW Curtiss-Wright Corporation | 103% | 77% | 1.33 | 1.20 |
| HWM Howmet Aerospace Inc. | 142% | 115% | 1.23 | 1.41 |
| ATI ATI Inc. | 141% | 116% | 1.22 | 1.37 |
| LMT Lockheed Martin Corporation | 58% | 48% | 1.22 | 0.52 |
| SAIC Science Applications International Corporation | 44% | 36% | 1.22 | 0.59 |
| BWXT BWX Technologies, Inc. | 82% | 68% | 1.21 | 0.87 |
| TDG TransDigm Group Incorporated | 112% | 97% | 1.15 | 1.25 |
| LDOS Leidos Holdings, Inc. | 78% | 73% | 1.06 | 0.73 |
| AVAV AeroVironment, Inc. | 120% | 114% | 1.05 | 0.90 |
| BAH Booz Allen Hamilton Holding Corporation | 65% | 63% | 1.03 | 0.54 |
| RTX RTX Corporation | 94% | 91% | 1.02 | 0.89 |
| MRCY Mercury Systems, Inc. | 84% | 82% | 1.02 | 0.97 |
| GD General Dynamics Corporation | 68% | 68% | 1.00 | 0.71 |
| KTOS Kratos Defense & Security Solutions, Inc. | 133% | 135% | 0.99 | 0.98 |
| AIR AAR Corp. | 105% | 124% | 0.85 | 1.43 |
| HII Huntington Ingalls Industries, Inc. | 71% | 90% | 0.79 | 0.60 |
| TXT Textron Inc. | 103% | 155% | 0.66 | 1.33 |
| BA The Boeing Company | 93% | 152% | 0.61 | 1.42 |
| VSAT Viasat, Inc. | 96% | 188% | 0.51 | 1.44 |
What diversifies LHX?
Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions). This section lists large ETFs and stocks whose returns have had a low correlation with LHX's. Because such investments tend not to fall at the same time, pairing LHX with them can reduce a portfolio's overall swings.
- Moving a fifth of the money in LHX into LVHI would have cut the portfolio's volatility by 17% over the past 5 years and raised its annual return (+3.5% for LHX alone, +6.5% for the mix).
- Among large ETFs, LVHI, DXJ and EMLP have moved largely independently of LHX over the past 5 years, with correlations of 0.47 or lower, and each still earned a positive 5-year return.
- CAH made money in five of the eight calendar years in which LHX lost money.
Only ETFs with at least $1.0B in assets and stocks worth at least $10B, with a correlation below 0.5 over the past 5 years and a positive return, are included, ranked by Sharpe ratio; funds that hold the same thing are shown once. The year columns are the years in which LHX lost money. The last two columns show a portfolio that is 80% LHX and 20% the other investment, rebalanced monthly.
ETFs
| Investment | Correlation | 5Y return | Sharpe | 2022 | 2020 | 2018 | 2011 | 2010 | 2008 | 2002 | 1998 | 80/20 mix volatility | 80/20 mix annual return |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LHX L3Harris Technologies, Inc. (this page) | 1.00 | +13.0% | 0.22 | −0.5% | −2.8% | −3.4% | −18.4% | −2.7% | −38.4% | −13.0% | −18.1% | 24.6% | +3.5% |
| LVHI InternationalFranklin International Low Volatility High Dividend Index ETF | 0.34 | +119% | 1.48 | +3.8% | −9.0% | −5.2% | — | — | — | — | — | 20.4% | +6.5% |
| DXJ InternationalWisdomTree Japan Hedged Equity Fund | 0.27 | +225% | 1.34 | +6.0% | +3.9% | −19.8% | −16.1% | −1.8% | −20.8% | — | — | 20.5% | +8.3% |
| EMLP Broad MarketFirst Trust North American Energy Infrastructure Fund | 0.47 | +101% | 1.04 | +10.4% | −13.4% | −8.7% | — | — | — | — | — | 21.2% | +6.2% |
| HDV Dividend & IncomeiShares Core High Dividend ETF | 0.48 | +83.3% | 1.00 | +7.1% | −6.5% | −3.0% | — | — | — | — | — | 21.2% | +5.5% |
| SMH TechnologyVanEck Semiconductor ETF | 0.09 | +323% | 0.97 | −33.5% | +55.5% | −9.1% | +6.8% | +19.0% | −44.7% | −47.0% | — | 21.5% | +11.0% |
| DBEF InternationalXtrackers MSCI EAFE Hedged Equity ETF | 0.32 | +85.0% | 0.96 | −5.1% | +2.1% | −9.5% | — | — | — | — | — | 20.5% | +5.9% |
| GLD CommoditiesSPDR Gold Shares | 0.34 | +126% | 0.96 | −0.8% | +24.8% | −1.9% | +9.6% | +29.3% | +4.9% | — | — | 21.1% | +6.8% |
| SPMO Broad MarketInvesco S&P 500 Momentum ETF | 0.29 | +136% | 0.93 | −10.4% | +28.2% | −0.9% | — | — | — | — | — | 21.3% | +7.5% |
Stocks
| Investment | Correlation | 5Y return | Sharpe | 2022 | 2020 | 2018 | 2011 | 2010 | 2008 | 2002 | 1998 | 80/20 mix volatility | 80/20 mix annual return |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LHX L3Harris Technologies, Inc. (this page) | 1.00 | +13.0% | 0.22 | −0.5% | −2.8% | −3.4% | −18.4% | −2.7% | −38.4% | −13.0% | −18.1% | 24.6% | +3.5% |
| CAH Medical - DistributionCardinal Health, Inc. | 0.20 | +479% | 1.55 | +54.1% | +10.1% | −24.5% | +8.1% | +21.4% | −39.6% | −8.3% | +51.7% | 21.4% | +10.5% |
| CLS Hardware, Equipment & PartsCelestica Inc. | 0.13 | +3,143% | 1.47 | +1.3% | −2.4% | −16.3% | −24.4% | +2.8% | −20.5% | −65.1% | — | 24.1% | +22.7% |
| FIX Engineering & ConstructionComfort Systems USA, Inc. | 0.38 | +1,636% | 1.46 | +17.0% | +6.7% | +0.8% | −17.0% | +8.7% | −15.2% | −9.4% | −9.5% | 24.5% | +18.4% |
| MCK Medical - DistributionMcKesson Corporation | 0.27 | +413% | 1.44 | +51.8% | +27.1% | −28.4% | +11.8% | +13.8% | −40.4% | −27.2% | +46.9% | 21.6% | +9.9% |
| MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation | 0.16 | +690% | 1.41 | +86.6% | −27.4% | −8.2% | — | — | — | — | — | 21.7% | +12.5% |
Common questions
What was LHX's worst drawdown?
LHX's deepest decline since it began trading in 1986 was 62.8%, from October 1989 to October 1990. It took 25 months from the low to climb back to its old high.
What were LHX's best and worst years?
Over 29 full calendar years, LHX's best year was 2004, when it returned 64.1%. Its worst was 2008, with a return of -38.4%.
Is there a better investment than LHX?
Among LHX's popular alternatives, GD earned more than LHX with less volatility over the past 5 years: 12.9% a year at 20.8% volatility, against 2.5% a year at 24.9%. Looking beyond its popular alternatives, CTAS (business services) and ADP (business services) earned more than LHX with less volatility over the past 5 years. CTAS returned 16.5% a year at 23.1% volatility, against 2.5% a year at 24.9%.
Is LHX more volatile than the S&P 500?
Yes. LHX's volatility over the past 5 years was 24.9%, 1.5 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, LHX's return lands within 24.9% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.
What is LHX's Sharpe ratio?
LHX's Sharpe ratio over the past 5 years was 0.22, against 0.79 for the S&P 500, so LHX earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.
How correlated is LHX with the S&P 500?
Over the past 5 years, LHX's monthly returns had a correlation of 0.32 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They are only loosely linked, which makes it a real diversifier next to an index fund. In the table, the correlation column measures each option against LHX instead: the lower it is, the more that option would diversify a LHX holding.
What are the best alternatives to LHX?
Of the 25 popular alternatives we compared, ten outperformed LHX in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: TDG, ATI and HEI.
Did LHX outperform the S&P 500?
LHX finished ahead of the S&P 500 (SPY) in 18 of 29 full calendar years. In 2025, it returned +42.3%, against +17.7% for the index.
How did LHX do in stock market crashes?
LHX fell less than the S&P 500 (SPY) in four of the ten major crashes it has traded through, and further in five. The clearest case was the 2015 China and oil sell-off, when LHX fell 19.9% and the S&P 500 fell 12.8%.
What diversifies LHX?
These had a low correlation with LHX over the past 5 years and still earned a positive 5-year return: among large ETFs, LVHI (correlation 0.34), DXJ (correlation 0.27) and EMLP (correlation 0.47); among large stocks, CAH (correlation 0.20), CLS (correlation 0.13) and FIX (correlation 0.38). A correlation near zero means the two have moved largely independently.
How we measure
- Short-term periods are 1M, 3M, 6M, YTD, 1Y; long-term periods are 3Y, 5Y, 10Y. An investment outperformed in a period when its total return, with dividends reinvested, was higher than LHX's. Returns within 0.5 points or 3% of LHX's, whichever is larger, count as a tie.
- "Qualified" means outperforming in at least 3 of 5 short-term periods and 2 of 3 long-term periods. "All-weather" means outperforming in every long-term period and all but one short-term period.
- Popular alternatives are the funds and stocks most often compared with this one. We include only those that trade today, are not leveraged or inverse, and hold at least $200 million.
- Volatility is the annualized standard deviation of daily returns over 5 years, a measure of how much the price typically swings in a year. The Sharpe ratio is the return above cash for each unit of that volatility.
- A decline, or drawdown, runs from a peak to the lowest close before the next high. The worst decline ever uses all the price history we have; comparisons between funds use the past 10 years so that younger funds are judged on the same stretch.
- Sector overlap is the share of assets two funds hold in the same sectors. Correlation and the mixed-portfolio figures use monthly returns.
- Upside and downside capture follow Morningstar's definition: the compound monthly return in the months the S&P 500 rose (or fell), divided by the S&P 500's compound return in those months. Beta measures how strongly monthly returns have moved with the S&P 500. All three use the same window for every investment.
- Figures are computed from daily adjusted prices and update after each trading day. Past performance does not predict future results.
More research
Popular alternatives to LHX
TDGTransDigm Group
HEIHEICO- RTXRTX
- HWMHowmet Aerospace
- PLTRPalantir Technologies
- GDGeneral Dynamics
- LMTLockheed Martin
NOCNorthrop Grumman
BABoeing
NVDA
AAPL