LPLA vs. SPYI
LPLA (LPL Financial Holdings Inc.) is a stock, while SPYI (NEOS S&P 500 High Income ETF) is Derivative Income fund actively managed by Neos. Over the past 3 years, LPLA returned 11.13%/yr vs 15.13%/yr for SPYI. At a 0.34 correlation, their price movements are largely independent.
Performance
LPLA vs. SPYI - Performance Comparison
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Returns By Period
In the year-to-date period, LPLA achieves a -20.84% return, which is significantly lower than SPYI's 5.49% return.
LPLA
- 1D
- -4.39%
- 1M
- -1.27%
- YTD
- -20.84%
- 6M
- -24.28%
- 1Y
- -20.03%
- 3Y*
- 11.13%
- 5Y*
- 15.17%
- 10Y*
- 29.91%
SPYI
- 1D
- -0.07%
- 1M
- -1.29%
- YTD
- 5.49%
- 6M
- 4.60%
- 1Y
- 18.10%
- 3Y*
- 15.13%
- 5Y*
- —
- 10Y*
- —
LPLA vs. SPYI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LPLA LPL Financial Holdings Inc. | -20.84% | 9.76% | 44.12% | 5.88% | -3.42% |
SPYI NEOS S&P 500 High Income ETF | 5.49% | 16.67% | 19.03% | 18.09% | -3.96% |
Correlation
The correlation between LPLA and SPYI is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2022 | 0.34 |
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Return for Risk
LPLA vs. SPYI — Risk / Return Rank
LPLA
SPYI
LPLA vs. SPYI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LPL Financial Holdings Inc. (LPLA) and NEOS S&P 500 High Income ETF (SPYI). 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 | SPYI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.32 | ||
| Sortino ratioReturn per unit of downside risk | -2.98 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.34 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 2.36 | -2.96 |
| Martin ratioReturn relative to average drawdown | -1.20 | 11.69 | -12.89 |
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Drawdowns
LPLA vs. SPYI - Drawdown Comparison
The maximum LPLA drawdown since its inception was -69.32%, which is greater than SPYI's maximum drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for LPLA and SPYI.
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Drawdown Indicators
| LPLA | SPYI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.32% | -16.47% | -52.85% |
Max Drawdown (1Y)Largest decline over 1 year | -33.12% | -7.72% | -25.40% |
Max Drawdown (3Y)Largest decline over 3 years | -33.18% | -16.47% | -16.71% |
Max Drawdown (5Y)Largest decline over 5 years | -33.18% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -60.34% | — | — |
Current DrawdownCurrent decline from peak | -29.03% | -2.55% | -26.48% |
Average DrawdownAverage peak-to-trough decline | -13.94% | -1.81% | -12.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.71% | 1.55% | +15.16% |
Volatility
LPLA vs. SPYI - Volatility Comparison
LPL Financial Holdings Inc. (LPLA) has a higher volatility of 11.11% compared to NEOS S&P 500 High Income ETF (SPYI) at 4.26%. This indicates that LPLA's price experiences larger fluctuations and is considered to be riskier than SPYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LPLA | SPYI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.11% | 4.26% | +6.85% |
Volatility (6M)Calculated over the trailing 6-month period | 28.06% | 8.28% | +19.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.63% | 10.32% | +26.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.08% | 13.01% | +23.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.96% | 13.01% | +24.95% |
Dividends
LPLA vs. SPYI - Dividend Comparison
LPLA's dividend yield for the trailing twelve months is around 0.43%, less than SPYI's 13.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LPLA LPL Financial Holdings Inc. | 0.43% | 0.34% | 0.37% | 0.53% | 0.46% | 0.62% | 0.96% | 1.08% | 1.64% | 1.75% | 2.84% | 2.34% |
SPYI NEOS S&P 500 High Income ETF | 13.02% | 11.70% | 12.04% | 12.01% | 4.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LPLA and SPYI have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LPLA has higher volatility (11.11%) compared to SPYI (4.26%). In terms of maximum drawdown, LPLA dropped -69.32% vs SPYI's -16.47%.
SPYI currently has the higher Sharpe Ratio (1.77 vs -0.55), 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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