LII vs SMXT: Correlation
How closely do Lennox International (LII) and Solarmax Technology Inc. (SMXT) trade together? Their weekly returns over three years give a correlation of -0.38, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LII and SMXT?
Over the past 3 years, LII and SMXT moved with a correlation of -0.38, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.52) runs below the 3-year figure (-0.38). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -12103.1 %².
Among the 37 assets we track against LII, SMXT sits near the bottom by co-movement, at rank #34. Correlation aside, the last 12 months split them widely, with SMXT ahead by 170.0 points (-30.3% versus +139.7%). Note the risk asymmetry: SMXT runs 29.6 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.
LII vs SMXT: side by side
| LII (Lennox International) | SMXT (Solarmax Technology Inc.) | |
|---|---|---|
| 1-year return | -30.3% | +139.7% |
| 5-year return | +23.7% | n/a |
| Volatility (ann.) | 32.0% | 947.0% |
| Beta vs S&P 500 | 0.96 | 2.41 |
| Max drawdown (3Y) | -41.7% | -98.0% |
| 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 | SMXT |
|---|---|---|
| 2022 | -24.9% | – |
| 2023 | +89.5% | – |
| 2024 | +37.3% | – |
| 2025 | -19.5% | -49.3% |
| 2026 | -19.0% | +267.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LII and SMXT 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 SMXT?
The LII/SMXT correlation stands at -0.38 on a 3-year window (1 year: -0.52, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SMXT 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-smxt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lii-vs-smxt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LII correlations · SMXT correlations
