ELPW vs LII: Correlation
How closely do Elong Power Holding Limited - Class A (ELPW) and Lennox International (LII) trade together? Their weekly returns over three years give a correlation of -0.35, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELPW and LII?
Across a 3-year window, the weekly returns of ELPW and LII correlate at -0.35, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.49 versus -0.35 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -37661.9 %².
Among the 30 assets we track against ELPW, LII sits near the bottom by co-movement, at rank #29. The last year tells two different stories: LII led by 68.7 percentage points, -99.0% for ELPW against -30.3% for LII. Note the risk asymmetry: ELPW runs 104.2 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.
ELPW vs LII: side by side
| ELPW (Elong Power Holding Limited - Class A) | LII (Lennox International) | |
|---|---|---|
| 1-year return | -99.0% | -30.3% |
| 5-year return | n/a | +23.7% |
| Volatility (ann.) | 3332.8% | 32.0% |
| Beta vs S&P 500 | 3.98 | 0.96 |
| Max drawdown (3Y) | -100.0% | -41.7% |
| Market cap | – | $13.5B |
| P/E (trailing) | – | 17.5 |
| Dividend yield | 0.00% | 1.34% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | ELPW | LII |
|---|---|---|
| 2022 | – | -24.9% |
| 2023 | – | +89.5% |
| 2024 | -87.5% | +37.3% |
| 2025 | -91.4% | -19.5% |
| 2026 | -97.4% | -19.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELPW and LII good diversifiers for each other?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
FAQ
What is the correlation between ELPW and LII?
The ELPW/LII correlation stands at -0.35 on a 3-year window (1 year: -0.49, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is LII a good diversifier for ELPW?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
What does a correlation of -0.35 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: ELPW correlations · LII correlations
