AIT vs. LII
AIT (Applied Industrial Technologies, Inc.) and LII (Lennox International Inc.) are both stocks. Both are in the Industrials sector — AIT in Industrial Distribution, LII in Specialty Industrial Machinery. Over the past 10 years, AIT returned 22.87%/yr vs 15.40%/yr for LII. At a 0.47 correlation, their price movements are largely independent.
Performance
AIT vs. LII - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AIT achieves a 22.87% return, which is significantly higher than LII's 6.05% return. Over the past 10 years, AIT has outperformed LII with an annualized return of 22.87%, while LII has yielded a comparatively lower 15.40% annualized return.
AIT
- 1D
- -0.28%
- 1M
- 1.96%
- YTD
- 22.87%
- 6M
- 22.65%
- 1Y
- 36.57%
- 3Y*
- 33.63%
- 5Y*
- 28.07%
- 10Y*
- 22.87%
LII
- 1D
- 0.99%
- 1M
- -1.50%
- YTD
- 6.05%
- 6M
- 2.56%
- 1Y
- -6.07%
- 3Y*
- 20.35%
- 5Y*
- 10.02%
- 10Y*
- 15.40%
AIT vs. LII - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIT Applied Industrial Technologies, Inc. | 22.87% | 8.01% | 39.67% | 38.35% | 24.25% | 33.57% | 19.37% | 26.35% | -19.41% | 16.89% |
LII Lennox International Inc. | 6.05% | -19.54% | 37.27% | 89.55% | -24.94% | 19.71% | 13.79% | 12.78% | 6.33% | 37.43% |
Correlation
The correlation between AIT and LII is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 1999 | 0.47 |
The correlation between AIT and LII shifts across timeframes, from 0.47 (all time) to 0.65 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
AIT:
$11.95B
LII:
$17.97B
AIT:
$10.56
LII:
$22.20
AIT:
29.78
LII:
23.13
AIT:
0.93
LII:
1.41
AIT:
2.48
LII:
3.44
AIT:
4.00
LII:
14.80
AIT:
$4.84B
LII:
$5.26B
AIT:
$1.47B
LII:
$1.74B
AIT:
$563.38M
LII:
$1.10B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AIT vs. LII — Risk / Return Rank
AIT
LII
AIT vs. LII - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Industrial Technologies, Inc. (AIT) and Lennox International Inc. (LII). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AIT | LII | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.57 | ||
| Sortino ratioReturn per unit of downside risk | +1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.00 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | -0.18 | +3.04 |
| Martin ratioReturn relative to average drawdown | 6.86 | -0.29 | +7.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AIT | LII | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | -0.18 | +1.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.31 | +0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.53 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.43 | 0.00 |
Drawdowns
AIT vs. LII - Drawdown Comparison
The maximum AIT drawdown since its inception was -66.47%, which is greater than LII's maximum drawdown of -62.76%. Use the drawdown chart below to compare losses from any high point for AIT and LII.
Loading charts...
Drawdown Indicators
| AIT | LII | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.47% | -62.76% | -3.71% |
Max Drawdown (1Y)Largest decline over 1 year | -12.86% | -33.77% | +20.91% |
Max Drawdown (3Y)Largest decline over 3 years | -26.42% | -34.71% | +8.29% |
Max Drawdown (5Y)Largest decline over 5 years | -26.42% | -46.88% | +20.46% |
Max Drawdown (10Y)Largest decline over 10 years | -59.29% | -46.88% | -12.41% |
Current DrawdownCurrent decline from peak | -0.28% | -23.22% | +22.94% |
Average DrawdownAverage peak-to-trough decline | -18.04% | -14.50% | -3.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.35% | 20.72% | -15.37% |
Volatility
AIT vs. LII - Volatility Comparison
The current volatility for Applied Industrial Technologies, Inc. (AIT) is 5.61%, while Lennox International Inc. (LII) has a volatility of 9.20%. This indicates that AIT experiences smaller price fluctuations and is considered to be less risky than LII based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AIT | LII | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.61% | 9.20% | -3.59% |
Volatility (6M)Calculated over the trailing 6-month period | 19.07% | 25.88% | -6.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.31% | 34.85% | -8.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.49% | 32.05% | -1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.29% | 29.27% | +4.02% |
Dividends
AIT vs. LII - Dividend Comparison
AIT's dividend yield for the trailing twelve months is around 0.62%, less than LII's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIT Applied Industrial Technologies, Inc. | 0.62% | 0.72% | 0.62% | 0.81% | 1.08% | 1.29% | 1.64% | 1.86% | 2.22% | 1.70% | 1.89% | 2.67% |
LII Lennox International Inc. | 1.01% | 1.04% | 0.75% | 0.97% | 1.71% | 1.09% | 1.12% | 1.21% | 1.11% | 0.94% | 1.08% | 1.10% |
Financials
AIT vs. LII - Financials Comparison
This section allows you to compare key financial metrics between Applied Industrial Technologies, Inc. and Lennox International Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AIT vs. LII - Profitability Comparison
AIT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Applied Industrial Technologies, Inc. reported a gross profit of 397.52M and revenue of 1.25B. Therefore, the gross margin over that period was 31.8%.
LII - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lennox International Inc. reported a gross profit of 351.30M and revenue of 1.14B. Therefore, the gross margin over that period was 31.0%.
AIT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Applied Industrial Technologies, Inc. reported an operating income of 137.93M and revenue of 1.25B, resulting in an operating margin of 11.0%.
LII - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lennox International Inc. reported an operating income of 163.50M and revenue of 1.14B, resulting in an operating margin of 14.4%.
AIT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Applied Industrial Technologies, Inc. reported a net income of 99.77M and revenue of 1.25B, resulting in a net margin of 8.0%.
LII - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lennox International Inc. reported a net income of 117.20M and revenue of 1.14B, resulting in a net margin of 10.3%.
Frequently Asked Questions
AIT and LII have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LII has higher volatility (9.20%) compared to AIT (5.61%). In terms of maximum drawdown, AIT dropped -66.47% vs LII's -62.76%.
AIT currently has the higher Sharpe Ratio (1.40 vs -0.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for AIT and LII
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer