LHX vs. T

Last updated Jun 13, 2026

LHX (L3Harris Technologies, Inc.) and T (AT&T Inc.) are both stocks. LHX operates in Aerospace & Defense (Industrials), while T operates in Telecom Services (Communication Services). Over the past 10 years, LHX returned 16.45%/yr vs 3.33%/yr for T. At a 0.25 correlation, their price movements are largely independent.

Performance

LHX vs. T - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in L3Harris Technologies, Inc. (LHX) and AT&T Inc. (T). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LHX achieves a 5.64% return, which is significantly higher than T's -2.96% return. Over the past 10 years, LHX has outperformed T with an annualized return of 16.45%, while T has yielded a comparatively lower 3.33% annualized return.

LHX

• 1D: -1.40%
• 1M: 1.35%
• YTD: 5.64%
• 6M: 8.07%
• 1Y: 24.92%
• 3Y*: 19.98%
• 5Y*: 8.77%
• 10Y*: 16.45%

T

• 1D: 2.52%
• 1M: -4.69%
• YTD: -2.96%
• 6M: -1.93%
• 1Y: -12.96%
• 3Y*: 20.58%
• 5Y*: 7.38%
• 10Y*: 3.33%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LHX vs. T - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LHX L3Harris Technologies, Inc.	5.64%	42.28%	1.88%	3.67%	-0.48%	14.98%	-2.76%	49.21%	-3.38%	40.80%
T AT&T Inc.	-2.96%	13.97%	44.08%	-2.74%	5.76%	-8.09%	-21.37%	45.55%	-22.25%	-4.01%

Correlation

The correlation between LHX and T is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since Jul 19, 1984	0.25

The correlation between LHX and T shifts across timeframes, from -0.11 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.

Fundamentals

EPS LHX : $12.29 T : $3.04
PE Ratio LHX : 25.05 T : 7.74
PEG Ratio LHX : 12.84 T : 0.32
PS Ratio LHX : 1.93 T : 1.35
Total Revenue (TTM) LHX : $22.48B T : $125.65B
Gross Profit (TTM) LHX : $5.50B T : $105.41B
EBITDA (TTM) LHX : $3.32B T : $54.70B

Return for Risk

LHX vs. T — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LHX

LHX Risk / Return Rank: 69
LHX Sharpe Ratio Rank: 74
LHX Sortino Ratio Rank: 68
LHX Omega Ratio Rank: 66
LHX Calmar Ratio Rank: 67
LHX Martin Ratio Rank: 69

T

T Risk / Return Rank: 18
T Sharpe Ratio Rank: 17
T Sortino Ratio Rank: 17
T Omega Ratio Rank: 18
T Calmar Ratio Rank: 21
T Martin Ratio Rank: 15

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LHX vs. T - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L3Harris Technologies, Inc. (LHX) and AT&T Inc. (T). 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	T	Difference
Sharpe ratio: Return per unit of total volatility	1.02	-0.59	+1.61
Sortino ratio: Return per unit of downside risk	1.54	-0.72	+2.26
Omega ratio: Gain probability vs. loss probability	1.18	0.92	+0.27
Calmar ratio: Return relative to maximum drawdown	1.22	-0.59	+1.81
Martin ratio: Return relative to average drawdown	3.16	-1.22	+4.38

LHX vs. T - Sharpe Ratio Comparison

The current LHX Sharpe Ratio is 1.02, which is higher than the T Sharpe Ratio of -0.59. The chart below compares the historical Sharpe Ratios of LHX and T, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LHX vs. T - Drawdown Comparison

The maximum LHX drawdown since its inception was -69.82%, which is greater than T's maximum drawdown of -64.15%. Use the drawdown chart below to compare losses from any high point for LHX and T.

Drawdown Indicators

	LHX	T	Difference
Max Drawdown Largest peak-to-trough decline	-69.82%	-64.15%	-5.67%
Max Drawdown (1Y) Largest decline over 1 year	-20.55%	-21.87%	+1.32%
Max Drawdown (3Y) Largest decline over 3 years	-25.98%	-21.87%	-4.11%
Max Drawdown (5Y) Largest decline over 5 years	-38.16%	-32.01%	-6.15%
Max Drawdown (10Y) Largest decline over 10 years	-38.16%	-42.35%	+4.19%
Current Drawdown Current decline from peak	-18.06%	-18.12%	+0.06%
Average Drawdown Average peak-to-trough decline	-21.33%	-15.72%	-5.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.89%	10.64%	-2.75%

Volatility

LHX vs. T - Volatility Comparison

The current volatility for L3Harris Technologies, Inc. (LHX) is 7.33%, while AT&T Inc. (T) has a volatility of 8.21%. This indicates that LHX experiences smaller price fluctuations and is considered to be less risky than T based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LHX	T	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.33%	8.21%	-0.88%
Volatility (6M) Calculated over the trailing 6-month period	19.85%	17.80%	+2.05%
Volatility (1Y) Calculated over the trailing 1-year period	24.63%	22.13%	+2.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.95%	24.01%	-0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.44%	23.73%	+1.71%

Dividends

LHX vs. T - Dividend Comparison

LHX's dividend yield for the trailing twelve months is around 1.59%, less than T's 4.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LHX L3Harris Technologies, Inc.	1.59%	1.64%	2.21%	2.17%	2.15%	1.91%	1.80%	1.45%	1.86%	1.55%	2.01%	2.23%
T AT&T Inc.	4.71%	4.47%	4.87%	6.62%	6.66%	8.46%	7.23%	5.22%	7.01%	5.04%	4.51%	5.46%

Financials

Frequently Asked Questions

Can I hold both LHX and T in my portfolio?

LHX and T have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LHX or T?

T has higher volatility (8.21%) compared to LHX (7.33%). In terms of maximum drawdown, LHX dropped -69.82% vs T's -64.15%.

Which has better risk-adjusted returns?

LHX currently has the higher Sharpe Ratio (1.02 vs -0.59), 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.