LII vs. SPY
LII (Lennox International Inc.) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, LII returned 11.67%/yr vs 15.07%/yr for SPY. Their 0.53 correlation means they have sometimes moved together and sometimes differently.
Performance
LII vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, LII achieves a -13.90% return, which is significantly lower than SPY's 10.13% return. Over the past 10 years, LII has underperformed SPY with an annualized return of 11.67%, while SPY has yielded a comparatively higher 15.07% annualized return.
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%
SPY
- 1D
- 0.72%
- 1M
- 0.30%
- 6M
- 8.53%
- YTD
- 10.13%
- 1Y
- 21.49%
- 3Y*
- 19.32%
- 5Y*
- 12.76%
- 10Y*
- 15.07%
- ALL TIME*
- 10.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $319.65M | $269.89M | $231.88M | |
| $37.27B | $35.99B | $39.23B |
LII vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LII Lennox International Inc. | -13.90% | -19.54% | 37.27% | 89.55% | -24.94% | 19.71% | 13.79% | 12.78% | 6.33% | 37.43% |
SPY State Street SPDR S&P 500 ETF | 10.13% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Correlation
The correlation between LII and SPY is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.54 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 1999 | 0.53 |
The correlation between LII and SPY shifts across timeframes, from 0.40 (1 year) to 0.58 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
LII vs. SPY — Risk / Return Rank
LII
SPY
LII vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lennox International Inc. (LII) and State Street SPDR S&P 500 ETF (SPY). 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.
| LII | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -2.96 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.27 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 2.20 | -3.19 |
| Martin ratioReturn relative to average drawdown | -1.94 | 9.40 | -11.34 |
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Drawdowns
LII vs. SPY - Drawdown Comparison
The maximum LII drawdown since its inception was -62.76%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for LII and SPY.
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Drawdown Indicators
| LII | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.76% | -55.19% | -7.57% |
Max Drawdown (1Y)Largest decline over 1 year | -31.50% | -8.88% | -22.62% |
Max Drawdown (3Y)Largest decline over 3 years | -37.66% | -18.76% | -18.90% |
Max Drawdown (5Y)Largest decline over 5 years | -45.41% | -24.50% | -20.91% |
Max Drawdown (10Y)Largest decline over 10 years | -46.88% | -33.72% | -13.16% |
Current DrawdownCurrent decline from peak | -37.66% | -1.40% | -36.26% |
Average DrawdownAverage peak-to-trough decline | -14.53% | -9.01% | -5.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.98% | 2.08% | +13.90% |
Volatility
LII vs. SPY - Volatility Comparison
Lennox International Inc. (LII) has a higher volatility of 24.39% compared to State Street SPDR S&P 500 ETF (SPY) at 3.58%. This indicates that LII's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LII | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.39% | 3.58% | +20.81% |
Volatility (6M)Calculated over the trailing 6-month period | 35.95% | 10.14% | +25.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.93% | 12.89% | +28.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.47% | 17.18% | +16.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.19% | 17.95% | +12.24% |
Dividends
LII vs. SPY - Dividend Comparison
LII's dividend yield for the trailing twelve months is around 1.26%, more than SPY's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPY State Street SPDR S&P 500 ETF | 1.01% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
LII and SPY have a correlation of 0.40, 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 SPY (3.58%). In terms of maximum drawdown, LII dropped -62.76% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.52 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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