LHX vs. ARW
LHX (L3Harris Technologies, Inc.) and ARW (Arrow Electronics, Inc.) are both stocks. LHX operates in Aerospace & Defense (Industrials), while ARW operates in Electronics & Computer Distribution (Technology). Over the past 10 years, LHX returned 14.28%/yr vs 13.12%/yr for ARW. Their 0.33 correlation means their historical movements had little consistent relationship.
Performance
LHX vs. ARW - 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 ARW's 96.56% return. Over the past 10 years, LHX has outperformed ARW with an annualized return of 14.28%, while ARW has yielded a comparatively lower 13.12% 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%
ARW
- 1D
- 1.75%
- 1M
- 9.67%
- 6M
- 63.46%
- YTD
- 96.56%
- 1Y
- 88.88%
- 3Y*
- 14.92%
- 5Y*
- 12.80%
- 10Y*
- 13.12%
- ALL TIME*
- 7.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $106.05M | $109.62M | $142.74M | |
| $514.14M | $401.39M | $418.93M |
LHX vs. ARW - 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% |
ARW Arrow Electronics, Inc. | 96.56% | -2.60% | -7.47% | 16.91% | -22.12% | 38.00% | 14.82% | 22.90% | -14.25% | 12.78% |
Correlation
The correlation between LHX and ARW is 0.10, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.10 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.19 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 1984 | 0.33 |
Over the past year, the correlation between LHX and ARW has dropped to 0.10 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.
Fundamentals
LHX:
$51.61B
ARW:
$11.07B
LHX:
$9.21
ARW:
$14.00
LHX:
30.09
ARW:
15.47
LHX:
15.43
ARW:
4.93
LHX:
2.32
ARW:
0.34
LHX:
$22.48B
ARW:
$33.51B
LHX:
$5.68B
ARW:
$3.75B
LHX:
$3.85B
ARW:
$1.18B
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Return for Risk
LHX vs. ARW — Risk / Return Rank
LHX
ARW
LHX vs. ARW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L3Harris Technologies, Inc. (LHX) and Arrow Electronics, Inc. (ARW). 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 | ARW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -3.10 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.42 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | 4.02 | -3.93 |
| Martin ratioReturn relative to average drawdown | 0.22 | 9.54 | -9.32 |
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Drawdowns
LHX vs. ARW - Drawdown Comparison
The maximum LHX drawdown since its inception was -69.82%, smaller than the maximum ARW drawdown of -86.03%. Use the drawdown chart below to compare losses from any high point for LHX and ARW.
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Drawdown Indicators
| LHX | ARW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.82% | -86.03% | +16.21% |
Max Drawdown (1Y)Largest decline over 1 year | -27.62% | -21.68% | -5.94% |
Max Drawdown (3Y)Largest decline over 3 years | -27.62% | -34.14% | +6.52% |
Max Drawdown (5Y)Largest decline over 5 years | -38.16% | -38.16% | 0.00% |
Max Drawdown (10Y)Largest decline over 10 years | -38.16% | -52.77% | +14.61% |
Current DrawdownCurrent decline from peak | -26.24% | -7.78% | -18.46% |
Average DrawdownAverage peak-to-trough decline | -21.33% | -29.22% | +7.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.28% | 9.12% | +2.16% |
Volatility
LHX vs. ARW - Volatility Comparison
L3Harris Technologies, Inc. (LHX) has a higher volatility of 12.32% compared to Arrow Electronics, Inc. (ARW) at 11.62%. This indicates that LHX's price experiences larger fluctuations and is considered to be riskier than ARW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LHX | ARW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.32% | 11.62% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 22.48% | 28.01% | -5.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.74% | 36.71% | -8.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.66% | 29.70% | -5.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.74% | 29.75% | -4.01% |
Dividends
LHX vs. ARW - Dividend Comparison
LHX's dividend yield for the trailing twelve months is around 1.77%, while ARW has not paid dividends to shareholders.
| 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. | 1.77% | 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. ARW - Financials Comparison
This section allows you to compare key financial metrics between L3Harris Technologies, Inc. and Arrow Electronics, 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
LHX vs. ARW - Profitability Comparison
LHX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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 - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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 - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, L3Harris Technologies, Inc. reported an operating income of 642.00M and revenue of 5.74B, resulting in an operating margin of 11.2%.
ARW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 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 - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, L3Harris Technologies, Inc. reported a net income of 512.00M and revenue of 5.74B, resulting in a net margin of 8.9%.
ARW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Arrow Electronics, Inc. reported a net income of 235.11M and revenue of 9.47B, resulting in a net margin of 2.5%.
Frequently Asked Questions
LHX and ARW have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LHX has higher volatility (12.32%) compared to ARW (11.62%). In terms of maximum drawdown, LHX dropped -69.82% vs ARW's -86.03%.
ARW currently has the higher Sharpe Ratio (2.49 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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