LPLA vs. BX
LPLA (LPL Financial Holdings Inc.) and BX (Blackstone Inc.) are both stocks. Both are in the Financial Services sector — LPLA in Capital Markets, BX in Asset Management. Over the past 10 years, LPLA returned 30.16%/yr vs 22.59%/yr for BX. At a 0.41 correlation, their price movements are largely independent.
Performance
LPLA vs. BX - Performance Comparison
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Returns By Period
In the year-to-date period, LPLA achieves a -17.05% return, which is significantly higher than BX's -18.67% return. Over the past 10 years, LPLA has outperformed BX with an annualized return of 30.16%, while BX has yielded a comparatively lower 22.59% annualized return.
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
- 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 vs. BX - 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% |
BX Blackstone Inc. | -18.67% | -7.84% | 35.07% | 82.75% | -40.01% | 107.11% | 19.78% | 96.33% | 0.10% | 27.34% |
Correlation
The correlation between LPLA and BX 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
LPLA:
$23.78B
BX:
$96.22B
LPLA:
$11.30
BX:
$3.90
LPLA:
26.17
BX:
31.45
LPLA:
1.10
BX:
11.56
LPLA:
1.29
BX:
6.41
LPLA:
4.18
BX:
11.50
LPLA:
$18.26B
BX:
$14.99B
LPLA:
$7.58B
BX:
$13.12B
LPLA:
$2.23B
BX:
$7.37B
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Return for Risk
LPLA vs. BX — Risk / Return Rank
LPLA
BX
LPLA vs. BX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LPL Financial Holdings Inc. (LPLA) and Blackstone Inc. (BX). 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 | BX | 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 | 0.92 | 0.98 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | -0.22 | -0.44 |
| Martin ratioReturn relative to average drawdown | -1.35 | -0.40 | -0.95 |
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Drawdowns
LPLA vs. BX - Drawdown Comparison
The maximum LPLA drawdown since its inception was -69.32%, smaller than the maximum BX drawdown of -88.09%. Use the drawdown chart below to compare losses from any high point for LPLA and BX.
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Drawdown Indicators
| LPLA | BX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.32% | -88.09% | +18.77% |
Max Drawdown (1Y)Largest decline over 1 year | -33.12% | -44.76% | +11.64% |
Max Drawdown (3Y)Largest decline over 3 years | -33.18% | -46.50% | +13.32% |
Max Drawdown (5Y)Largest decline over 5 years | -33.18% | -49.29% | +16.11% |
Max Drawdown (10Y)Largest decline over 10 years | -60.34% | -49.29% | -11.05% |
Current DrawdownCurrent decline from peak | -25.63% | -35.07% | +9.44% |
Average DrawdownAverage peak-to-trough decline | -13.92% | -26.39% | +12.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.17% | 24.20% | -8.03% |
Volatility
LPLA vs. BX - Volatility Comparison
The current volatility for LPL Financial Holdings Inc. (LPLA) is 9.76%, while Blackstone Inc. (BX) has a volatility of 12.67%. This indicates that LPLA experiences smaller price fluctuations and is considered to be less risky than BX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LPLA | BX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.76% | 12.67% | -2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 27.80% | 28.51% | -0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.17% | 34.98% | +1.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.05% | 39.41% | -3.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.10% | 35.79% | +2.31% |
Dividends
LPLA vs. BX - Dividend Comparison
LPLA's dividend yield for the trailing twelve months is around 0.41%, less than BX's 4.05% 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
LPLA vs. BX - Financials Comparison
This section allows you to compare key financial metrics between LPL Financial Holdings Inc. and Blackstone 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. BX - 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%.
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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
LPLA and BX 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, LPLA dropped -69.32% vs BX's -88.09%.
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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