LHX vs. AIR
LHX (L3Harris Technologies, Inc.) and AIR (AAR Corp.) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 10 years, LHX returned 14.28%/yr vs 19.86%/yr for AIR. Their 0.32 correlation means their historical movements had little consistent relationship.
Performance
LHX vs. AIR - Performance Comparison
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Returns By Period
In the year-to-date period, LHX achieves a -4.91% return, which is significantly lower than AIR's 69.15% return. Over the past 10 years, LHX has underperformed AIR with an annualized return of 14.28%, while AIR has yielded a comparatively higher 19.86% annualized return.
LHX
- 1D
- 1.90%
- 1M
- -8.28%
- 6M
- -18.58%
- YTD
- -4.91%
- 1Y
- 1.18%
- 3Y*
- 16.13%
- 5Y*
- 6.18%
- 10Y*
- 14.28%
- ALL TIME*
- 9.82%
AIR
- 1D
- 0.40%
- 1M
- -0.05%
- 6M
- 32.23%
- YTD
- 69.15%
- 1Y
- 91.86%
- 3Y*
- 32.70%
- 5Y*
- 31.39%
- 10Y*
- 19.86%
- ALL TIME*
- 7.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AIR AAR Corp. | $76.76M | $64.91M | $57.98M |
| $514.14M | $401.39M | $418.93M |
LHX vs. AIR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LHX L3Harris Technologies, Inc. | -4.91% | 42.28% | 1.88% | 3.67% | -0.48% | 14.98% | -2.76% | 49.21% | -3.38% | 40.80% |
AIR AAR Corp. | 69.15% | 35.10% | -1.79% | 38.98% | 15.04% | 7.76% | -19.25% | 21.74% | -4.31% | 19.89% |
Correlation
The correlation between LHX and AIR is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.38 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.38 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 1988 | 0.32 |
Fundamentals
LHX:
$51.61B
AIR:
$5.59B
LHX:
$9.21
AIR:
$4.99
LHX:
30.09
AIR:
28.07
LHX:
15.43
AIR:
0.09
LHX:
2.32
AIR:
2.21
LHX:
$22.48B
AIR:
$2.38B
LHX:
$5.68B
AIR:
$622.00M
LHX:
$3.85B
AIR:
$375.20M
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Return for Risk
LHX vs. AIR — Risk / Return Rank
LHX
AIR
LHX vs. AIR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L3Harris Technologies, Inc. (LHX) and AAR Corp. (AIR). 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.
| LHX | AIR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.34 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.33 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | 4.41 | -4.32 |
| Martin ratioReturn relative to average drawdown | 0.22 | 12.13 | -11.91 |
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Drawdowns
LHX vs. AIR - Drawdown Comparison
The maximum LHX drawdown since its inception was -69.82%, smaller than the maximum AIR drawdown of -89.04%. Use the drawdown chart below to compare losses from any high point for LHX and AIR.
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Drawdown Indicators
| LHX | AIR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.82% | -89.04% | +19.22% |
Max Drawdown (1Y)Largest decline over 1 year | -27.62% | -19.92% | -7.70% |
Max Drawdown (3Y)Largest decline over 3 years | -27.62% | -35.72% | +8.10% |
Max Drawdown (5Y)Largest decline over 5 years | -38.16% | -35.72% | -2.44% |
Max Drawdown (10Y)Largest decline over 10 years | -38.16% | -81.77% | +43.61% |
Current DrawdownCurrent decline from peak | -26.24% | -2.49% | -23.75% |
Average DrawdownAverage peak-to-trough decline | -21.33% | -34.57% | +13.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.28% | 7.24% | +4.04% |
Volatility
LHX vs. AIR - Volatility Comparison
The current volatility for L3Harris Technologies, Inc. (LHX) is 12.32%, while AAR Corp. (AIR) has a volatility of 16.65%. This indicates that LHX experiences smaller price fluctuations and is considered to be less risky than AIR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LHX | AIR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.32% | 16.65% | -4.33% |
Volatility (6M)Calculated over the trailing 6-month period | 22.48% | 34.81% | -12.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.74% | 42.14% | -14.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.66% | 35.89% | -11.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.74% | 45.44% | -19.70% |
Dividends
LHX vs. AIR - Dividend Comparison
LHX's dividend yield for the trailing twelve months is around 1.77%, while AIR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIR AAR Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.41% | 0.67% | 0.80% | 0.76% | 0.91% | 1.14% |
LHX L3Harris Technologies, Inc. | 1.77% | 1.64% | 2.21% | 2.17% | 2.15% | 1.91% | 1.80% | 1.45% | 1.86% | 1.55% | 2.01% | 2.23% |
Financials
LHX vs. AIR - Financials Comparison
This section allows you to compare key financial metrics between L3Harris Technologies, Inc. and AAR Corp.. 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
Frequently Asked Questions
LHX and AIR have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIR has higher volatility (16.65%) compared to LHX (12.32%). In terms of maximum drawdown, LHX dropped -69.82% vs AIR's -89.04%.
AIR currently has the higher Sharpe Ratio (2.09 vs 0.09), 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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