HAO vs LII: Correlation
Haoxi Health Technology Limited - Class A Ord Share (HAO) and Lennox International (LII) show a negative relationship: their 3-year correlation of weekly returns is -0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAO and LII?
Over the past 3 years, HAO and LII moved with a correlation of -0.36, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.40) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -27705.9 %².
LII is close to the least connected end of HAO's tracked universe, ranking #24 of 26. The last year tells two different stories: LII led by 67.6 percentage points, -97.9% for HAO against -30.3% for LII. Risk is not evenly split, since HAO carries 71.1 times the volatility of the other side.
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.
HAO vs LII: side by side
| HAO (Haoxi Health Technology Limited - Class A Ord Share) | LII (Lennox International) | |
|---|---|---|
| 1-year return | -97.9% | -30.3% |
| 5-year return | n/a | +23.7% |
| Volatility (ann.) | 2273.9% | 32.0% |
| Beta vs S&P 500 | -2.44 | 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 | HAO | LII |
|---|---|---|
| 2022 | – | -24.9% |
| 2023 | – | +89.5% |
| 2024 | – | +37.3% |
| 2025 | +613.3% | -19.5% |
| 2026 | -97.7% | -19.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAO and LII good diversifiers for each other?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HAO and LII?
The HAO/LII correlation stands at -0.36 on a 3-year window (1 year: -0.40, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is LII a good diversifier for HAO?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hao-vs-lii.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hao-vs-lii/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HAO correlations · LII correlations
