HCA vs. LPLA
HCA (HCA Healthcare, Inc.) and LPLA (LPL Financial Holdings Inc.) are both stocks. HCA operates in Medical Care Facilities (Healthcare), while LPLA operates in Capital Markets (Financial Services). Over the past 10 years, HCA returned 17.23%/yr vs 29.01%/yr for LPLA. At a 0.29 correlation, their price movements are largely independent.
Performance
HCA vs. LPLA - Performance Comparison
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Returns By Period
In the year-to-date period, HCA achieves a -22.49% return, which is significantly lower than LPLA's -20.40% return. Over the past 10 years, HCA has underperformed LPLA with an annualized return of 17.23%, while LPLA has yielded a comparatively higher 29.01% annualized return.
HCA
- 1D
- -2.90%
- 1M
- -16.97%
- YTD
- -22.49%
- 6M
- -25.30%
- 1Y
- -5.36%
- 3Y*
- 10.82%
- 5Y*
- 12.59%
- 10Y*
- 17.23%
LPLA
- 1D
- -1.65%
- 1M
- -6.42%
- YTD
- -20.40%
- 6M
- -22.85%
- 1Y
- -26.79%
- 3Y*
- 12.01%
- 5Y*
- 15.99%
- 10Y*
- 29.01%
HCA vs. LPLA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HCA HCA Healthcare, Inc. | -22.49% | 56.71% | 11.75% | 13.83% | -5.64% | 57.58% | 12.07% | 20.24% | 43.37% | 18.67% |
LPLA LPL Financial Holdings Inc. | -20.40% | 9.76% | 44.12% | 5.88% | 35.69% | 54.63% | 14.58% | 52.95% | 8.53% | 66.03% |
Correlation
The correlation between HCA and LPLA is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2011 | 0.29 |
Over the past year, the correlation between HCA and LPLA has dropped to 0.05 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.
Fundamentals
HCA:
$28.46
LPLA:
$11.30
HCA:
12.70
LPLA:
25.11
HCA:
1.51
LPLA:
1.06
HCA:
1.14
LPLA:
1.24
HCA:
$75.60B
LPLA:
$18.26B
HCA:
$31.37B
LPLA:
$7.58B
HCA:
$15.60B
LPLA:
$2.23B
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Return for Risk
HCA vs. LPLA — Risk / Return Rank
HCA
LPLA
HCA vs. LPLA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HCA Healthcare, Inc. (HCA) 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.
| HCA | LPLA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.89 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | -0.81 | +0.65 |
| Martin ratioReturn relative to average drawdown | -0.51 | -1.70 | +1.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HCA | LPLA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.20 | -0.75 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.45 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.76 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.47 | +0.13 |
Drawdowns
HCA vs. LPLA - Drawdown Comparison
The maximum HCA drawdown since its inception was -54.74%, smaller than the maximum LPLA drawdown of -69.32%. Use the drawdown chart below to compare losses from any high point for HCA and LPLA.
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Drawdown Indicators
| HCA | LPLA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.74% | -69.32% | +14.58% |
Max Drawdown (1Y)Largest decline over 1 year | -33.62% | -33.12% | -0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -33.62% | -33.18% | -0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -39.49% | -33.18% | -6.31% |
Max Drawdown (10Y)Largest decline over 10 years | -54.74% | -60.34% | +5.60% |
Current DrawdownCurrent decline from peak | -33.62% | -28.63% | -4.99% |
Average DrawdownAverage peak-to-trough decline | -11.03% | -13.91% | +2.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.49% | 15.84% | -5.35% |
Volatility
HCA vs. LPLA - Volatility Comparison
The current volatility for HCA Healthcare, Inc. (HCA) is 7.50%, while LPL Financial Holdings Inc. (LPLA) has a volatility of 10.60%. This indicates that HCA experiences smaller price fluctuations and is considered to be less risky 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
| HCA | LPLA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.50% | 10.60% | -3.10% |
Volatility (6M)Calculated over the trailing 6-month period | 21.36% | 27.76% | -6.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.25% | 36.06% | -8.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.85% | 36.03% | -6.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.63% | 38.12% | -5.49% |
Dividends
HCA vs. LPLA - Dividend Comparison
HCA's dividend yield for the trailing twelve months is around 0.81%, more than LPLA's 0.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HCA HCA Healthcare, Inc. | 0.81% | 0.62% | 0.88% | 0.89% | 0.93% | 0.75% | 0.63% | 1.08% | 1.12% | 0.00% | 0.00% | 0.00% |
LPLA LPL Financial Holdings Inc. | 0.42% | 0.34% | 0.37% | 0.53% | 0.46% | 0.62% | 0.96% | 1.08% | 1.64% | 1.75% | 2.84% | 2.34% |
Financials
HCA vs. LPLA - Financials Comparison
This section allows you to compare key financial metrics between HCA Healthcare, 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
HCA vs. LPLA - Profitability Comparison
HCA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, HCA Healthcare, Inc. reported a gross profit of 8.18B and revenue of 19.51B. Therefore, the gross margin over that period was 41.9%.
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%.
HCA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, HCA Healthcare, Inc. reported an operating income of 3.18B and revenue of 19.51B, resulting in an operating margin of 16.3%.
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%.
HCA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, HCA Healthcare, Inc. reported a net income of 1.88B and revenue of 19.51B, resulting in a net margin of 9.6%.
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
HCA and LPLA have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LPLA has higher volatility (10.60%) compared to HCA (7.50%). In terms of maximum drawdown, HCA dropped -54.74% vs LPLA's -69.32%.
HCA currently has the higher Sharpe Ratio (-0.20 vs -0.75), 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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