Lennox International Inc. (LII)
Daily ERM3 factor decomposition: how much of LII's variance is explained by the market, its sector, and its subsector — and the ETF notionals that would neutralize each layer.
- Price
- $415.88
- Market cap
- $14.4B
- 23-day vol
- 73.0%
- Sector proxy
- XLI
- Subsector proxy
- IYJ
Risk DNA
47% of LII's variance is systematic (explainable by market, sector, and subsector factors); the rest is stock-specific.
ETF hedge ratios
Dollars of ETF to short per $1 of LII held — executable hedge weights, not regression betas. L1 hedges market only; L3 adds sector and subsector layers.
| Level | Market (SPY) | Sector (XLI) | Subsector (IYJ) | Explained risk |
|---|---|---|---|---|
| L1 | $-1.24 | — | — | 18.8% |
| L2 | $-0.02 | $-1.29 | — | 45.1% |
| L3 | $0.13 | $-0.48 | $-0.97 | 47.2% |
Data as of August 1, 2026. Updated daily from the ERM3 pipeline.
13F filers holding LII
From the most recent quarterly 13F filings in our tracked filer universe, largest reported position first.
Browse every tracked 13F filer.
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