LHX vs. WDC
LHX (L3Harris Technologies, Inc.) and WDC (Western Digital Corporation) are both stocks. LHX operates in Aerospace & Defense (Industrials), while WDC operates in Computer Hardware (Technology). Over the past 10 years, LHX returned 16.23%/yr vs 32.86%/yr for WDC. At a 0.28 correlation, their price movements are largely independent.
Performance
LHX vs. WDC - Performance Comparison
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Returns By Period
In the year-to-date period, LHX achieves a 3.68% return, which is significantly lower than WDC's 206.10% return. Over the past 10 years, LHX has underperformed WDC with an annualized return of 16.23%, while WDC has yielded a comparatively higher 32.86% annualized return.
LHX
- 1D
- -1.86%
- 1M
- 1.23%
- YTD
- 3.68%
- 6M
- 8.07%
- 1Y
- 25.68%
- 3Y*
- 19.34%
- 5Y*
- 8.93%
- 10Y*
- 16.23%
WDC
- 1D
- 2.97%
- 1M
- 9.81%
- YTD
- 206.10%
- 6M
- 210.59%
- 1Y
- 852.85%
- 3Y*
- 160.14%
- 5Y*
- 56.39%
- 10Y*
- 32.86%
LHX vs. WDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LHX L3Harris Technologies, Inc. | 3.68% | 42.28% | 1.88% | 3.67% | -0.48% | 14.98% | -2.76% | 49.21% | -3.38% | 40.80% |
WDC Western Digital Corporation | 206.10% | 283.68% | 13.86% | 65.99% | -51.62% | 17.73% | -10.89% | 77.14% | -51.90% | 19.83% |
Correlation
The correlation between LHX and WDC is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1987 | 0.28 |
Over the past year, the correlation between LHX and WDC has dropped to 0.03 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.
Fundamentals
LHX:
$12.29
WDC:
$23.29
LHX:
24.58
WDC:
22.63
LHX:
12.60
WDC:
0.53
LHX:
1.89
WDC:
12.46
LHX:
$22.48B
WDC:
$11.78B
LHX:
$5.50B
WDC:
$5.35B
LHX:
$3.32B
WDC:
$10.88B
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Return for Risk
LHX vs. WDC — Risk / Return Rank
LHX
WDC
LHX vs. WDC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L3Harris Technologies, Inc. (LHX) and Western Digital Corporation (WDC). 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.
| LHX | WDC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.27 | ||
| Sortino ratioReturn per unit of downside risk | -5.20 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.94 | -0.75 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 41.84 | -40.58 |
| Martin ratioReturn relative to average drawdown | 3.41 | 146.77 | -143.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LHX | WDC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 13.33 | -12.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 1.17 | -0.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.68 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.20 | +0.12 |
Drawdowns
LHX vs. WDC - Drawdown Comparison
The maximum LHX drawdown since its inception was -69.82%, smaller than the maximum WDC drawdown of -96.20%. Use the drawdown chart below to compare losses from any high point for LHX and WDC.
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Drawdown Indicators
| LHX | WDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.82% | -96.20% | +26.38% |
Max Drawdown (1Y)Largest decline over 1 year | -20.55% | -20.59% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -25.98% | -49.65% | +23.67% |
Max Drawdown (5Y)Largest decline over 5 years | -38.16% | -59.68% | +21.52% |
Max Drawdown (10Y)Largest decline over 10 years | -38.16% | -70.49% | +32.33% |
Current DrawdownCurrent decline from peak | -19.58% | -11.28% | -8.30% |
Average DrawdownAverage peak-to-trough decline | -21.33% | -52.09% | +30.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.56% | 5.86% | +1.70% |
Volatility
LHX vs. WDC - Volatility Comparison
The current volatility for L3Harris Technologies, Inc. (LHX) is 6.66%, while Western Digital Corporation (WDC) has a volatility of 20.86%. This indicates that LHX experiences smaller price fluctuations and is considered to be less risky than WDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LHX | WDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.66% | 20.86% | -14.20% |
Volatility (6M)Calculated over the trailing 6-month period | 19.74% | 52.91% | -33.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.33% | 64.74% | -40.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.91% | 48.62% | -24.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.42% | 48.52% | -23.10% |
Dividends
LHX vs. WDC - Dividend Comparison
LHX's dividend yield for the trailing twelve months is around 1.62%, more than WDC's 0.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LHX L3Harris Technologies, Inc. | 1.62% | 1.64% | 2.21% | 2.17% | 2.15% | 1.91% | 1.80% | 1.45% | 1.86% | 1.55% | 2.01% | 2.23% |
WDC Western Digital Corporation | 0.09% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 1.81% | 2.36% | 5.41% | 2.51% | 2.94% | 3.33% |
Financials
LHX vs. WDC - Financials Comparison
This section allows you to compare key financial metrics between L3Harris Technologies, Inc. and Western Digital Corporation. 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. WDC - Profitability Comparison
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%.
WDC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Western Digital Corporation reported a gross profit of 1.68B and revenue of 3.34B. Therefore, the gross margin over that period was 50.2%.
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%.
WDC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Western Digital Corporation reported an operating income of 1.14B and revenue of 3.34B, resulting in an operating margin of 34.0%.
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%.
WDC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Western Digital Corporation reported a net income of 3.21B and revenue of 3.34B, resulting in a net margin of 96.0%.
Frequently Asked Questions
LHX and WDC have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WDC has higher volatility (20.86%) compared to LHX (6.66%). In terms of maximum drawdown, LHX dropped -69.82% vs WDC's -96.20%.
WDC currently has the higher Sharpe Ratio (13.33 vs 1.06), 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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