GLMD vs LII: Correlation
Measured on weekly returns over the past three years, Galmed Pharmaceuticals Ltd. (GLMD) and Lennox International (LII) carry a correlation of -0.36, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLMD and LII?
Over the past 3 years, GLMD and LII moved with a correlation of -0.36, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.53 versus -0.36 over 3 years. Over 5 years the correlation is -0.26, and the annualized covariance of weekly returns is -7132.8 %².
LII is close to the least connected end of GLMD's tracked universe, ranking #9 of 10. Their recent paths diverged sharply: over the last 12 months GLMD outperformed by 240.1 percentage points (+209.8% for GLMD against -30.3% for LII). One caveat on sizing: GLMD is 19.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GLMD vs LII: side by side
| GLMD (Galmed Pharmaceuticals Ltd.) | LII (Lennox International) | |
|---|---|---|
| 1-year return | +209.8% | -30.3% |
| 5-year return | -99.3% | +23.7% |
| Volatility (ann.) | 619.4% | 32.0% |
| Beta vs S&P 500 | 2.45 | 0.96 |
| Max drawdown (3Y) | -96.9% | -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 | GLMD | LII |
|---|---|---|
| 2022 | -72.5% | -24.9% |
| 2023 | -93.9% | +89.5% |
| 2024 | -41.6% | +37.3% |
| 2025 | -76.5% | -19.5% |
| 2026 | +473.3% | -19.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLMD and LII good diversifiers for each other?
Yes. With a correlation of -0.36, GLMD and LII have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GLMD and LII?
Using weekly returns as of 2026-08-27: -0.36 over 3 years, with -0.53 over the last year and -0.26 over 5 years.
Is LII a good diversifier for GLMD?
Yes. With a correlation of -0.36, GLMD and LII have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.36 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: GLMD correlations · LII correlations
