LII vs RCON: Correlation
Measured on weekly returns over the past three years, Lennox International (LII) and Recon Technology, Ltd. - Class A (RCON) carry a correlation of -0.38, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LII and RCON?
Over the past 3 years, LII and RCON moved with a correlation of -0.38, 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 -0.38 over 3 years. Over 5 years the correlation is -0.28, and the annualized covariance of weekly returns is -166207.5 %².
Among the 37 assets we track against LII, RCON sits near the bottom by co-movement, at rank #33. Over the last 12 months RCON came out ahead by 7.7 percentage points (-30.3% against -22.6%). One caveat on sizing: RCON is 429.0 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.
LII vs RCON: side by side
| LII (Lennox International) | RCON (Recon Technology, Ltd. - Class A) | |
|---|---|---|
| 1-year return | -30.3% | -22.6% |
| 5-year return | +23.7% | -97.1% |
| Volatility (ann.) | 32.0% | 13728.9% |
| Beta vs S&P 500 | 0.96 | 22.04 |
| Max drawdown (3Y) | -41.7% | -100.0% |
| Market cap | $13.5B | – |
| P/E (trailing) | 17.5 | – |
| Dividend yield | 1.34% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | LII | RCON |
|---|---|---|
| 2022 | -24.9% | -3.8% |
| 2023 | +89.5% | -81.7% |
| 2024 | +37.3% | -49.5% |
| 2025 | -19.5% | -24.4% |
| 2026 | -19.0% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LII and RCON good diversifiers for each other?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LII and RCON?
The LII/RCON correlation stands at -0.38 on a 3-year window (1 year: -0.53, 5 years: -0.28), computed from weekly returns as of 2026-08-27.
Is RCON a good diversifier for LII?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
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
$ curl https://www.pairbook.io/api/v1/pairs/lii-vs-rcon.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lii-vs-rcon/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LII correlations · RCON correlations
