LPLA vs. APO
LPLA (LPL Financial Holdings Inc.) and APO (Apollo Global Management, Inc.) are both stocks. Both are in the Financial Services sector — LPLA in Capital Markets, APO in Asset Management. Over the past 10 years, LPLA returned 30.16%/yr vs 29.16%/yr for APO. At a 0.42 correlation, their price movements are largely independent.
Performance
LPLA vs. APO - Performance Comparison
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Returns By Period
In the year-to-date period, LPLA achieves a -17.05% return, which is significantly lower than APO's -6.75% return. Both investments have delivered pretty close results over the past 10 years, with LPLA having a 30.16% annualized return and APO not far behind at 29.16%.
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%
APO
- 1D
- -0.02%
- 1M
- -0.69%
- YTD
- -6.75%
- 6M
- -8.82%
- 1Y
- 2.96%
- 3Y*
- 22.69%
- 5Y*
- 20.72%
- 10Y*
- 29.16%
LPLA vs. APO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
APO Apollo Global Management, Inc. | -6.75% | -11.12% | 79.87% | 49.44% | -9.59% | 53.25% | 8.00% | 106.46% | -22.03% | 85.29% |
Correlation
The correlation between LPLA and APO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2011 | 0.42 |
Fundamentals
LPLA:
$23.78B
APO:
$79.66B
LPLA:
$11.30
APO:
$3.58
LPLA:
26.17
APO:
37.38
LPLA:
1.10
APO:
0.10
LPLA:
1.29
APO:
2.71
LPLA:
4.18
APO:
4.29
LPLA:
$18.26B
APO:
$29.68B
LPLA:
$7.58B
APO:
$26.52B
LPLA:
$2.23B
APO:
$9.28B
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Return for Risk
LPLA vs. APO — Risk / Return Rank
LPLA
APO
LPLA vs. APO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LPL Financial Holdings Inc. (LPLA) and Apollo Global Management, Inc. (APO). 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.
| LPLA | APO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.02 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | -0.04 | -0.62 |
| Martin ratioReturn relative to average drawdown | -1.35 | -0.09 | -1.26 |
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Drawdowns
LPLA vs. APO - Drawdown Comparison
The maximum LPLA drawdown since its inception was -69.32%, which is greater than APO's maximum drawdown of -56.99%. Use the drawdown chart below to compare losses from any high point for LPLA and APO.
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Drawdown Indicators
| LPLA | APO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.32% | -56.99% | -12.33% |
Max Drawdown (1Y)Largest decline over 1 year | -33.12% | -34.97% | +1.85% |
Max Drawdown (3Y)Largest decline over 3 years | -33.18% | -42.82% | +9.64% |
Max Drawdown (5Y)Largest decline over 5 years | -33.18% | -42.82% | +9.64% |
Max Drawdown (10Y)Largest decline over 10 years | -60.34% | -53.48% | -6.86% |
Current DrawdownCurrent decline from peak | -25.63% | -23.36% | -2.27% |
Average DrawdownAverage peak-to-trough decline | -13.92% | -16.39% | +2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.17% | 16.70% | -0.53% |
Volatility
LPLA vs. APO - Volatility Comparison
LPL Financial Holdings Inc. (LPLA) has a higher volatility of 9.76% compared to Apollo Global Management, Inc. (APO) at 8.49%. This indicates that LPLA's price experiences larger fluctuations and is considered to be riskier than APO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LPLA | APO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.76% | 8.49% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 27.80% | 26.89% | +0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.17% | 35.44% | +0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.05% | 37.11% | -1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.10% | 37.83% | +0.27% |
Dividends
LPLA vs. APO - Dividend Comparison
LPLA's dividend yield for the trailing twelve months is around 0.41%, less than APO's 1.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APO Apollo Global Management, Inc. | 1.56% | 1.38% | 1.10% | 1.81% | 2.51% | 2.90% | 4.72% | 4.23% | 7.86% | 5.53% | 6.46% | 12.91% |
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
LPLA vs. APO - Financials Comparison
This section allows you to compare key financial metrics between LPL Financial Holdings Inc. and Apollo Global Management, 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
LPLA vs. APO - Profitability Comparison
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%.
APO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Apollo Global Management, Inc. reported a gross profit of 4.93B and revenue of 4.93B. Therefore, the gross margin over that period was 100.0%.
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%.
APO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Apollo Global Management, Inc. reported an operating income of 330.00M and revenue of 4.93B, resulting in an operating margin of 6.7%.
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%.
APO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Apollo Global Management, Inc. reported a net income of -1.91B and revenue of 4.93B, resulting in a net margin of -38.7%.
Frequently Asked Questions
LPLA and APO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LPLA has higher volatility (9.76%) compared to APO (8.49%). In terms of maximum drawdown, LPLA dropped -69.32% vs APO's -56.99%.
APO currently has the higher Sharpe Ratio (-0.04 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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