BX vs. LPLA
BX (Blackstone Inc.) and LPLA (LPL Financial Holdings Inc.) are both stocks. Both are in the Financial Services sector — BX in Asset Management, LPLA in Capital Markets. Over the past 10 years, BX returned 22.59%/yr vs 30.16%/yr for LPLA. At a 0.41 correlation, their price movements are largely independent.
Performance
BX vs. LPLA - Performance Comparison
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Returns By Period
In the year-to-date period, BX achieves a -18.67% return, which is significantly lower than LPLA's -17.05% return. Over the past 10 years, BX has underperformed LPLA with an annualized return of 22.59%, while LPLA has yielded a comparatively higher 30.16% annualized return.
BX
- 1D
- 1.58%
- 1M
- 4.16%
- YTD
- -18.67%
- 6M
- -17.07%
- 1Y
- -6.72%
- 3Y*
- 14.11%
- 5Y*
- 8.83%
- 10Y*
- 22.59%
LPLA
- 1D
- 3.58%
- 1M
- -1.25%
- YTD
- -17.05%
- 6M
- -22.23%
- 1Y
- -20.67%
- 3Y*
- 14.39%
- 5Y*
- 16.84%
- 10Y*
- 30.16%
BX vs. LPLA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BX Blackstone Inc. | -18.67% | -7.84% | 35.07% | 82.75% | -40.01% | 107.11% | 19.78% | 96.33% | 0.10% | 27.34% |
LPLA LPL Financial Holdings Inc. | -17.05% | 9.76% | 44.12% | 5.88% | 35.69% | 54.63% | 14.58% | 52.95% | 8.53% | 66.03% |
Correlation
The correlation between BX and LPLA is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2010 | 0.41 |
Fundamentals
BX:
$96.22B
LPLA:
$23.78B
BX:
$3.90
LPLA:
$11.30
BX:
31.45
LPLA:
26.17
BX:
11.56
LPLA:
1.10
BX:
6.41
LPLA:
1.29
BX:
11.50
LPLA:
4.18
BX:
$14.99B
LPLA:
$18.26B
BX:
$13.12B
LPLA:
$7.58B
BX:
$7.37B
LPLA:
$2.23B
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Return for Risk
BX vs. LPLA — Risk / Return Rank
BX
LPLA
BX vs. LPLA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Inc. (BX) and LPL Financial Holdings Inc. (LPLA). 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.
| BX | LPLA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.92 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | -0.66 | +0.44 |
| Martin ratioReturn relative to average drawdown | -0.40 | -1.35 | +0.95 |
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Drawdowns
BX vs. LPLA - Drawdown Comparison
The maximum BX drawdown since its inception was -88.09%, which is greater than LPLA's maximum drawdown of -69.32%. Use the drawdown chart below to compare losses from any high point for BX and LPLA.
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Drawdown Indicators
| BX | LPLA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.09% | -69.32% | -18.77% |
Max Drawdown (1Y)Largest decline over 1 year | -44.76% | -33.12% | -11.64% |
Max Drawdown (3Y)Largest decline over 3 years | -46.50% | -33.18% | -13.32% |
Max Drawdown (5Y)Largest decline over 5 years | -49.29% | -33.18% | -16.11% |
Max Drawdown (10Y)Largest decline over 10 years | -49.29% | -60.34% | +11.05% |
Current DrawdownCurrent decline from peak | -35.07% | -25.63% | -9.44% |
Average DrawdownAverage peak-to-trough decline | -26.39% | -13.92% | -12.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.20% | 16.17% | +8.03% |
Volatility
BX vs. LPLA - Volatility Comparison
Blackstone Inc. (BX) has a higher volatility of 12.67% compared to LPL Financial Holdings Inc. (LPLA) at 9.76%. This indicates that BX's price experiences larger fluctuations and is considered to be riskier than LPLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BX | LPLA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.67% | 9.76% | +2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 28.51% | 27.80% | +0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.98% | 36.17% | -1.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.41% | 36.05% | +3.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.79% | 38.10% | -2.31% |
Dividends
BX vs. LPLA - Dividend Comparison
BX's dividend yield for the trailing twelve months is around 4.05%, more than LPLA's 0.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BX Blackstone Inc. | 4.05% | 3.04% | 2.00% | 2.54% | 6.66% | 2.76% | 2.95% | 3.43% | 8.12% | 7.25% | 6.14% | 11.76% |
LPLA LPL Financial Holdings Inc. | 0.41% | 0.34% | 0.37% | 0.53% | 0.46% | 0.62% | 0.96% | 1.08% | 1.64% | 1.75% | 2.84% | 2.34% |
Financials
BX vs. LPLA - Financials Comparison
This section allows you to compare key financial metrics between Blackstone Inc. and LPL Financial Holdings 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
BX vs. LPLA - Profitability Comparison
BX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Blackstone Inc. reported a gross profit of 4.04B and revenue of 4.10B. Therefore, the gross margin over that period was 98.5%.
LPLA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, LPL Financial Holdings Inc. reported a gross profit of 4.52B and revenue of 4.94B. Therefore, the gross margin over that period was 91.5%.
BX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Blackstone Inc. reported an operating income of 1.59B and revenue of 4.10B, resulting in an operating margin of 38.8%.
LPLA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, LPL Financial Holdings Inc. reported an operating income of 0.00 and revenue of 4.94B, resulting in an operating margin of 0.0%.
BX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Blackstone Inc. reported a net income of 649.73M and revenue of 4.10B, resulting in a net margin of 15.8%.
LPLA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, LPL Financial Holdings Inc. reported a net income of 356.40M and revenue of 4.94B, resulting in a net margin of 7.2%.
Frequently Asked Questions
BX and LPLA have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BX has higher volatility (12.67%) compared to LPLA (9.76%). In terms of maximum drawdown, BX dropped -88.09% vs LPLA's -69.32%.
BX currently has the higher Sharpe Ratio (-0.28 vs -0.60), 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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