AGG vs LPLA: Correlation
iShares Core US Aggregate Bond ETF (AGG) and LPL Financial Holdings Inc. (LPLA) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGG and LPLA?
Across a 3-year window, the weekly returns of AGG and LPLA correlate at -0.27, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.35) sits close to the 3-year figure. Stretching to 5 years gives -0.24, with an annualized covariance of -48.7 %².
Out of 34 assets tracked against AGG, LPLA lands near the bottom at #32. Their 12-month results are close: +2.3% for AGG against -0.9% for LPLA. One caveat on sizing: LPLA is 6.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AGG vs LPLA: side by side
| AGG (iShares Core US Aggregate Bond ETF) | LPLA (LPL Financial Holdings Inc.) | |
|---|---|---|
| 1-year return | +2.3% | -0.9% |
| 5-year return | -1.1% | +149.0% |
| Volatility (ann.) | 5.3% | 34.6% |
| Beta vs S&P 500 | 0.07 | 0.97 |
| Max drawdown (3Y) | -4.8% | -33.2% |
| Market cap | – | $28.4B |
| P/E (trailing) | – | 28.8 |
| Dividend yield | 4.05% | 0.33% |
| Expense ratio | 0.03% | – |
| Assets under management | $137.1B | – |
| Sector / category | ETF · Bonds | US Listed |
On the fund side, AGG sits in the Intermediate Core Bond category at iShares, with $137.1B under management, a 0.03% expense ratio, a 4.05% trailing dividend yield.
Year-by-year returns
| Year | AGG | LPLA |
|---|---|---|
| 2022 | -13.0% | +35.7% |
| 2023 | +5.7% | +5.9% |
| 2024 | +1.3% | +44.1% |
| 2025 | +7.2% | +9.8% |
| 2026 | +0.3% | +1.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGG and LPLA good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AGG and LPLA?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.35 over the last year and -0.24 over 5 years.
Is LPLA a good diversifier for AGG?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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/agg-vs-lpla.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/agg-vs-lpla/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AGG correlations · LPLA correlations
