AEF vs LPL: Correlation
abrdn Emerging Markets ex-China Fund, Inc. (AEF) and LG Display Co, Ltd AMERICAN DEPOSITORY SHARES (LPL) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEF and LPL?
On 3 years of weekly data the AEF/LPL correlation comes out at 0.54, moderate. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. The 5-year figure is 0.54, and annualized covariance runs at 555.0 %².
Among the 21 assets we track against AEF, LPL ranks #9 by 3-year correlation. The last year tells two different stories: AEF led by 92.8 percentage points, +69.4% for AEF against -23.4% for LPL. Note the risk asymmetry: LPL runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AEF vs LPL: side by side
| AEF (abrdn Emerging Markets ex-China Fund, Inc.) | LPL (LG Display Co, Ltd AMERICAN DEPOSITORY SHARES) | |
|---|---|---|
| 1-year return | +69.4% | -23.4% |
| 5-year return | +66.6% | -62.1% |
| Volatility (ann.) | 23.7% | 43.3% |
| Beta vs S&P 500 | 1.08 | 1.27 |
| Max drawdown (3Y) | -20.0% | -52.8% |
| Market cap | $0.4B | $3.3B |
| P/E (trailing) | 4.1 | – |
| Dividend yield | 6.80% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEF | LPL |
|---|---|---|
| 2022 | -29.6% | -50.9% |
| 2023 | +7.1% | -2.8% |
| 2024 | +9.4% | -36.3% |
| 2025 | +50.2% | +37.1% |
| 2026 | +41.8% | -20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEF and LPL good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AEF and LPL?
The AEF/LPL correlation stands at 0.54 on a 3-year window (1 year: 0.61, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is LPL a good diversifier for AEF?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aef-vs-lpl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aef-vs-lpl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AEF correlations · LPL correlations
