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RTX vs. LHX

Last updated Feb 24, 2024

Compare and contrast key facts about Raytheon Technologies Corporation (RTX) and L3Harris Technologies, Inc. (LHX).

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RTX or LHX.

Key characteristics


RTXLHX
YTD Return7.68%1.82%
1Y Return-7.19%4.88%
3Y Return (Ann)9.63%6.73%
5Y Return (Ann)4.85%7.31%
10Y Return (Ann)4.63%13.80%
Sharpe Ratio-0.320.17
Daily Std Dev23.41%21.74%
Max Drawdown-52.67%-65.67%
Current Drawdown-11.65%-17.27%

Fundamentals


RTXLHX
Market Cap$119.43B$40.77B
EPS$2.23$6.43
PE Ratio40.3633.35
PEG Ratio0.773.70
Revenue (TTM)$68.92B$19.42B
Gross Profit (TTM)$13.67B$4.93B
EBITDA (TTM)$9.61B$3.48B

Correlation

0.39
-1.001.00

The correlation between RTX and LHX is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

RTX vs. LHX - Performance Comparison

In the year-to-date period, RTX achieves a 7.68% return, which is significantly higher than LHX's 1.82% return. Over the past 10 years, RTX has underperformed LHX with an annualized return of 4.63%, while LHX has yielded a comparatively higher 13.80% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-20.00%-10.00%0.00%10.00%20.00%SeptemberOctoberNovemberDecember2024February
7.77%
21.68%
RTX
LHX

Compare stocks, funds, or ETFs


Raytheon Technologies Corporation

L3Harris Technologies, Inc.

RTX vs. LHX - Dividend Comparison

RTX's dividend yield for the trailing twelve months is around 2.62%, more than LHX's 2.13% yield.


TTM20232022202120202019201820172016201520142013
RTX
Raytheon Technologies Corporation
2.62%2.76%2.14%2.33%2.64%1.96%2.66%2.13%2.39%2.66%2.05%1.93%
LHX
L3Harris Technologies, Inc.
2.13%2.17%2.15%1.91%1.80%1.45%1.86%1.55%2.01%2.23%2.48%2.26%

RTX vs. LHX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Raytheon Technologies Corporation (RTX) 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
RTX
Raytheon Technologies Corporation
-0.32
LHX
L3Harris Technologies, Inc.
0.17

RTX vs. LHX - Sharpe Ratio Comparison

The current RTX Sharpe Ratio is -0.32, which is lower than the LHX Sharpe Ratio of 0.17. The chart below compares the 12-month rolling Sharpe Ratio of RTX and LHX.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.50SeptemberOctoberNovemberDecember2024February
-0.32
0.17
RTX
LHX

RTX vs. LHX - Drawdown Comparison

The maximum RTX drawdown since its inception was -52.67%, smaller than the maximum LHX drawdown of -65.67%. The drawdown chart below compares losses from any high point along the way for RTX and LHX


-40.00%-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%SeptemberOctoberNovemberDecember2024February
-11.65%
-17.27%
RTX
LHX

RTX vs. LHX - Volatility Comparison

The current volatility for Raytheon Technologies Corporation (RTX) is 3.25%, while L3Harris Technologies, Inc. (LHX) has a volatility of 3.75%. This indicates that RTX experiences smaller price fluctuations and is considered to be less risky than LHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%SeptemberOctoberNovemberDecember2024February
3.25%
3.75%
RTX
LHX