AGCO vs LII: Correlation
AGCO Corporation (AGCO) and Lennox International (LII) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGCO and LII?
Over the past 3 years, AGCO and LII moved with a correlation of 0.52, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.63 versus 0.52 over 3 years. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 545.2 %².
Among the 15 assets we track against AGCO, LII ranks #7 by 3-year correlation. The last year tells two different stories: AGCO led by 28.7 percentage points, -1.6% for AGCO against -30.3% for LII.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AGCO vs LII: side by side
| AGCO (AGCO Corporation) | LII (Lennox International) | |
|---|---|---|
| 1-year return | -1.6% | -30.3% |
| 5-year return | -7.9% | +23.7% |
| Volatility (ann.) | 32.5% | 32.0% |
| Beta vs S&P 500 | 0.80 | 0.96 |
| Max drawdown (3Y) | -40.5% | -41.7% |
| Market cap | $7.8B | $13.5B |
| P/E (trailing) | 15.4 | 17.5 |
| Dividend yield | 1.05% | 1.34% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | AGCO | LII |
|---|---|---|
| 2022 | +25.0% | -24.9% |
| 2023 | -7.9% | +89.5% |
| 2024 | -20.3% | +37.3% |
| 2025 | +12.9% | -19.5% |
| 2026 | +7.1% | -19.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGCO and LII good diversifiers for each other?
Only partially. A correlation of 0.52 means AGCO and LII share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AGCO and LII?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.63 over the last year and 0.44 over 5 years.
Is LII a good diversifier for AGCO?
Only partially. A correlation of 0.52 means AGCO and LII share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/agco-vs-lii.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/agco-vs-lii/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AGCO correlations · LII correlations
