BYND vs LII: Correlation
Beyond Meat, Inc. (BYND) and Lennox International (LII) show a negative relationship: their 3-year correlation of weekly returns is -0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BYND and LII?
Across a 3-year window, the weekly returns of BYND and LII correlate at -0.38, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.53) runs below the 3-year figure (-0.38). Stretching to 5 years gives -0.28, with an annualized covariance of -26353.6 %².
Out of 10 assets tracked against BYND, LII lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months BYND outperformed by 470.8 percentage points (+440.5% for BYND against -30.3% for LII). Note the risk asymmetry: BYND runs 68.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BYND vs LII: side by side
| BYND (Beyond Meat, Inc.) | LII (Lennox International) | |
|---|---|---|
| 1-year return | +440.5% | -30.3% |
| 5-year return | -88.4% | +23.7% |
| Volatility (ann.) | 2192.0% | 32.0% |
| Beta vs S&P 500 | 5.06 | 0.96 |
| Max drawdown (3Y) | -97.2% | -41.7% |
| Market cap | $0.2B | $13.5B |
| P/E (trailing) | – | 17.5 |
| Dividend yield | 0.00% | 1.34% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | BYND | LII |
|---|---|---|
| 2022 | -81.1% | -24.9% |
| 2023 | -27.7% | +89.5% |
| 2024 | -57.8% | +37.3% |
| 2025 | -78.2% | -19.5% |
| 2026 | +1607.3% | -19.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BYND and LII good diversifiers for each other?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
FAQ
What is the correlation between BYND and LII?
As of 2026-08-27, the correlation of weekly returns between BYND and LII is -0.38 over 3 years, -0.53 over 1 year and -0.28 over 5 years.
Is LII a good diversifier for BYND?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
What does a correlation of -0.38 mean?
On the −1 to +1 scale, -0.38 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
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Related comparisons
Hubs: BYND correlations · LII correlations
