ARW vs. LHX
ARW (Arrow Electronics, Inc.) and LHX (L3Harris Technologies, Inc.) are both stocks. ARW operates in Electronics & Computer Distribution (Technology), while LHX operates in Aerospace & Defense (Industrials). Over the past 10 years, ARW returned 13.58%/yr vs 15.91%/yr for LHX. At a 0.33 correlation, their price movements are largely independent.
Performance
ARW vs. LHX - Performance Comparison
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Returns By Period
In the year-to-date period, ARW achieves a 104.61% return, which is significantly higher than LHX's 0.82% return. Over the past 10 years, ARW has underperformed LHX with an annualized return of 13.58%, while LHX has yielded a comparatively higher 15.91% annualized return.
ARW
- 1D
- -4.00%
- 1M
- 3.73%
- YTD
- 104.61%
- 6M
- 100.52%
- 1Y
- 78.98%
- 3Y*
- 18.62%
- 5Y*
- 14.84%
- 10Y*
- 13.58%
LHX
- 1D
- 2.78%
- 1M
- -5.46%
- YTD
- 0.82%
- 6M
- -0.62%
- 1Y
- 18.89%
- 3Y*
- 17.55%
- 5Y*
- 8.11%
- 10Y*
- 15.91%
ARW vs. LHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARW Arrow Electronics, Inc. | 104.61% | -2.60% | -7.47% | 16.91% | -22.12% | 38.00% | 14.82% | 22.90% | -14.25% | 12.78% |
LHX L3Harris Technologies, Inc. | 0.82% | 42.28% | 1.88% | 3.67% | -0.48% | 14.98% | -2.76% | 49.21% | -3.38% | 40.80% |
Correlation
The correlation between ARW and LHX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 1984 | 0.33 |
Over the past year, the correlation between ARW and LHX has dropped to 0.12 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.
Fundamentals
ARW:
$13.95
LHX:
$12.29
ARW:
16.17
LHX:
23.91
ARW:
5.15
LHX:
12.26
ARW:
0.35
LHX:
1.84
ARW:
$33.51B
LHX:
$22.48B
ARW:
$3.75B
LHX:
$5.50B
ARW:
$1.18B
LHX:
$3.32B
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Return for Risk
ARW vs. LHX — Risk / Return Rank
ARW
LHX
ARW vs. LHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arrow Electronics, Inc. (ARW) and L3Harris Technologies, Inc. (LHX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ARW | LHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.55 | ||
| Sortino ratioReturn per unit of downside risk | +1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.14 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.37 | 0.79 | +2.58 |
| Martin ratioReturn relative to average drawdown | 8.09 | 2.24 | +5.86 |
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Drawdowns
ARW vs. LHX - Drawdown Comparison
The maximum ARW drawdown since its inception was -86.03%, which is greater than LHX's maximum drawdown of -69.82%. Use the drawdown chart below to compare losses from any high point for ARW and LHX.
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Drawdown Indicators
| ARW | LHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.03% | -69.82% | -16.21% |
Max Drawdown (1Y)Largest decline over 1 year | -23.54% | -23.91% | +0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -38.16% | -25.98% | -12.18% |
Max Drawdown (5Y)Largest decline over 5 years | -38.16% | -38.16% | 0.00% |
Max Drawdown (10Y)Largest decline over 10 years | -52.77% | -38.16% | -14.61% |
Current DrawdownCurrent decline from peak | -4.00% | -21.80% | +17.80% |
Average DrawdownAverage peak-to-trough decline | -29.27% | -21.33% | -7.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.79% | 8.46% | +1.33% |
Volatility
ARW vs. LHX - Volatility Comparison
Arrow Electronics, Inc. (ARW) and L3Harris Technologies, Inc. (LHX) have volatilities of 10.22% and 10.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARW | LHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.22% | 10.22% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 26.67% | 21.06% | +5.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.58% | 25.32% | +9.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.28% | 24.19% | +5.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.57% | 25.54% | +4.03% |
Dividends
ARW vs. LHX - Dividend Comparison
ARW has not paid dividends to shareholders, while LHX's dividend yield for the trailing twelve months is around 1.67%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARW Arrow Electronics, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LHX L3Harris Technologies, Inc. | 1.67% | 1.64% | 2.21% | 2.17% | 2.15% | 1.91% | 1.80% | 1.45% | 1.86% | 1.55% | 2.01% | 2.23% |
Financials
ARW vs. LHX - Financials Comparison
This section allows you to compare key financial metrics between Arrow Electronics, Inc. and L3Harris Technologies, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ARW vs. LHX - Profitability Comparison
ARW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Arrow Electronics, Inc. reported a gross profit of 1.09B and revenue of 9.47B. Therefore, the gross margin over that period was 11.5%.
LHX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, L3Harris Technologies, Inc. reported a gross profit of 1.40B and revenue of 5.74B. Therefore, the gross margin over that period was 24.4%.
ARW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Arrow Electronics, Inc. reported an operating income of 361.60M and revenue of 9.47B, resulting in an operating margin of 3.8%.
LHX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, L3Harris Technologies, Inc. reported an operating income of 652.00M and revenue of 5.74B, resulting in an operating margin of 11.4%.
ARW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Arrow Electronics, Inc. reported a net income of 235.11M and revenue of 9.47B, resulting in a net margin of 2.5%.
LHX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, L3Harris Technologies, Inc. reported a net income of 512.00M and revenue of 5.74B, resulting in a net margin of 8.9%.
Frequently Asked Questions
ARW and LHX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LHX has higher volatility (10.22%) compared to ARW (10.22%). In terms of maximum drawdown, ARW dropped -86.03% vs LHX's -69.82%.
ARW currently has the higher Sharpe Ratio (2.30 vs 0.75), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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