LPLA vs. SPY
LPLA (LPL Financial Holdings Inc.) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, LPLA returned 31.87%/yr vs 15.07%/yr for SPY. Their 0.52 correlation means they have sometimes moved together and sometimes differently.
Performance
LPLA vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, LPLA achieves a -0.77% return, which is significantly lower than SPY's 10.13% return. Over the past 10 years, LPLA has outperformed SPY with an annualized return of 31.87%, while SPY has yielded a comparatively lower 15.07% annualized return.
LPLA
- 1D
- 4.28%
- 1M
- 19.83%
- 6M
- -2.77%
- YTD
- -0.77%
- 1Y
- -4.03%
- 3Y*
- 15.40%
- 5Y*
- 20.76%
- 10Y*
- 31.87%
- ALL TIME*
- 18.24%
SPY
- 1D
- 0.72%
- 1M
- 0.30%
- 6M
- 8.53%
- YTD
- 10.13%
- 1Y
- 21.49%
- 3Y*
- 19.32%
- 5Y*
- 12.76%
- 10Y*
- 15.07%
- ALL TIME*
- 10.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $245.98M | $229.65M | $293.81M | |
| $37.27B | $35.99B | $39.23B |
LPLA vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LPLA LPL Financial Holdings Inc. | -0.77% | 9.76% | 44.12% | 5.88% | 35.69% | 54.63% | 14.58% | 52.95% | 8.53% | 66.03% |
SPY State Street SPDR S&P 500 ETF | 10.13% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Correlation
The correlation between LPLA and SPY is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.36 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.43 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.50 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2010 | 0.52 |
The correlation between LPLA and SPY shifts across timeframes, from 0.32 (1 year) to 0.52 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LPLA vs. SPY — Risk / Return Rank
LPLA
SPY
LPLA vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LPL Financial Holdings Inc. (LPLA) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.26 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.27 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 2.20 | -2.52 |
| Martin ratioReturn relative to average drawdown | -0.63 | 9.40 | -10.03 |
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Drawdowns
LPLA vs. SPY - Drawdown Comparison
The maximum LPLA drawdown since its inception was -69.32%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for LPLA and SPY.
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Drawdown Indicators
| LPLA | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.32% | -55.19% | -14.13% |
Max Drawdown (1Y)Largest decline over 1 year | -32.26% | -8.88% | -23.38% |
Max Drawdown (3Y)Largest decline over 3 years | -33.18% | -18.76% | -14.42% |
Max Drawdown (5Y)Largest decline over 5 years | -33.18% | -24.50% | -8.68% |
Max Drawdown (10Y)Largest decline over 10 years | -60.34% | -33.72% | -26.62% |
Current DrawdownCurrent decline from peak | -11.03% | -1.40% | -9.63% |
Average DrawdownAverage peak-to-trough decline | -13.98% | -9.01% | -4.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.47% | 2.08% | +15.39% |
Volatility
LPLA vs. SPY - Volatility Comparison
LPL Financial Holdings Inc. (LPLA) has a higher volatility of 8.03% compared to State Street SPDR S&P 500 ETF (SPY) at 3.58%. This indicates that LPLA's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LPLA | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.03% | 3.58% | +4.45% |
Volatility (6M)Calculated over the trailing 6-month period | 28.77% | 10.14% | +18.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.05% | 12.89% | +24.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.02% | 17.18% | +18.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.84% | 17.95% | +19.89% |
Dividends
LPLA vs. SPY - Dividend Comparison
LPLA's dividend yield for the trailing twelve months is around 0.34%, less than SPY's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LPLA LPL Financial Holdings Inc. | 0.34% | 0.34% | 0.37% | 0.53% | 0.46% | 0.62% | 0.96% | 1.08% | 1.64% | 1.75% | 2.84% | 2.34% |
SPY State Street SPDR S&P 500 ETF | 1.01% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
LPLA and SPY have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LPLA has higher volatility (8.03%) compared to SPY (3.58%). In terms of maximum drawdown, LPLA dropped -69.32% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.52 vs -0.28), 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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