CARR vs. LII
CARR (Carrier Global Corporation) and LII (Lennox International Inc.) are both stocks. Both are in the Industrials sector — CARR in Building Products & Equipment, LII in Specialty Industrial Machinery. Over the past 5 years, CARR returned 3.79%/yr vs 6.03%/yr for LII. Their 0.67 correlation means they have sometimes moved together and sometimes differently.
Performance
CARR vs. LII - Performance Comparison
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Returns By Period
In the year-to-date period, CARR achieves a 18.32% return, which is significantly higher than LII's -13.90% return.
CARR
- 1D
- 0.68%
- 1M
- -11.47%
- 6M
- 4.49%
- YTD
- 18.32%
- 1Y
- -6.22%
- 3Y*
- 2.60%
- 5Y*
- 3.79%
- 10Y*
- —
- ALL TIME*
- 28.61%
LII
- 1D
- -0.38%
- 1M
- -27.04%
- 6M
- -15.55%
- YTD
- -13.90%
- 1Y
- -30.64%
- 3Y*
- 4.50%
- 5Y*
- 6.03%
- 10Y*
- 11.67%
- ALL TIME*
- 13.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $590.03M | $475.98M | $441.62M | |
| $319.65M | $269.89M | $231.88M |
CARR vs. LII - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CARR Carrier Global Corporation | 18.32% | -21.57% | 20.26% | 41.47% | -22.68% | 45.31% | 176.86% |
LII Lennox International Inc. | -13.90% | -19.54% | 37.27% | 89.55% | -24.94% | 19.71% | 56.26% |
Correlation
The correlation between CARR and LII is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2020 | 0.67 |
The correlation between CARR and LII has been stable across timeframes, ranging from 0.67 to 0.73 - a consistent structural relationship.
Fundamentals
CARR:
$50.95B
LII:
$14.37B
CARR:
$1.44
LII:
$22.07
CARR:
42.91
LII:
18.85
CARR:
0.63
LII:
1.15
CARR:
2.37
LII:
2.75
CARR:
3.95
LII:
11.16
CARR:
$22.11B
LII:
$5.30B
CARR:
$5.38B
LII:
$1.76B
CARR:
$2.75B
LII:
$1.14B
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Return for Risk
CARR vs. LII — Risk / Return Rank
CARR
LII
CARR vs. LII - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Carrier Global Corporation (CARR) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CARR | LII | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.88 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | -0.99 | +0.65 |
| Martin ratioReturn relative to average drawdown | -0.68 | -1.94 | +1.26 |
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Drawdowns
CARR vs. LII - Drawdown Comparison
The maximum CARR drawdown since its inception was -40.82%, smaller than the maximum LII drawdown of -62.76%. Use the drawdown chart below to compare losses from any high point for CARR and LII.
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Drawdown Indicators
| CARR | LII | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.82% | -62.76% | +21.94% |
Max Drawdown (1Y)Largest decline over 1 year | -25.38% | -31.50% | +6.12% |
Max Drawdown (3Y)Largest decline over 3 years | -37.91% | -37.66% | -0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -40.82% | -45.41% | +4.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.88% | — |
Current DrawdownCurrent decline from peak | -22.92% | -37.66% | +14.74% |
Average DrawdownAverage peak-to-trough decline | -14.20% | -14.53% | +0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.38% | 15.98% | -2.60% |
Volatility
CARR vs. LII - Volatility Comparison
The current volatility for Carrier Global Corporation (CARR) is 12.94%, while Lennox International Inc. (LII) has a volatility of 24.39%. This indicates that CARR 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.
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Volatility by Period
| CARR | LII | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.94% | 24.39% | -11.45% |
Volatility (6M)Calculated over the trailing 6-month period | 30.28% | 35.95% | -5.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.83% | 40.93% | -5.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.34% | 33.47% | -1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.98% | 30.19% | +4.79% |
Dividends
CARR vs. LII - Dividend Comparison
CARR's dividend yield for the trailing twelve months is around 1.53%, more than LII's 1.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CARR Carrier Global Corporation | 1.53% | 1.70% | 1.16% | 1.30% | 1.54% | 0.94% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LII Lennox International Inc. | 1.26% | 1.04% | 0.75% | 0.97% | 1.71% | 1.09% | 1.12% | 1.21% | 1.11% | 0.94% | 1.08% | 1.10% |
Financials
CARR vs. LII - Financials Comparison
This section allows you to compare key financial metrics between Carrier Global Corporation 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
CARR vs. LII - Profitability Comparison
CARR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Carrier Global Corporation reported a gross profit of 1.73B and revenue of 6.35B. Therefore, the gross margin over that period was 27.2%.
LII - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Lennox International Inc. reported a gross profit of 539.50M and revenue of 1.55B. Therefore, the gross margin over that period was 34.9%.
CARR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Carrier Global Corporation reported an operating income of 770.00M and revenue of 6.35B, resulting in an operating margin of 12.1%.
LII - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Lennox International Inc. reported an operating income of 355.00M and revenue of 1.55B, resulting in an operating margin of 23.0%.
CARR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Carrier Global Corporation reported a net income of 501.00M and revenue of 6.35B, resulting in a net margin of 7.9%.
LII - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Lennox International Inc. reported a net income of 269.00M and revenue of 1.55B, resulting in a net margin of 17.4%.
Frequently Asked Questions
CARR and LII have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LII has higher volatility (24.39%) compared to CARR (12.94%). In terms of maximum drawdown, CARR dropped -40.82% vs LII's -62.76%.
CARR currently has the higher Sharpe Ratio (-0.24 vs -0.76), 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.
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