AMT vs LPLA: Correlation
Measured on weekly returns over the past three years, American Tower (AMT) and LPL Financial Holdings Inc. (LPLA) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMT and LPLA?
Over the past 3 years, AMT and LPLA moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.11 lands near the 3-year figure. Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -167.8 %².
LPLA is close to the least connected end of AMT's tracked universe, ranking #27 of 30. The trailing year gives LPLA the advantage: -11.0% versus -0.9%, a 10.1-point spread.
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.
AMT vs LPLA: side by side
| AMT (American Tower) | LPLA (LPL Financial Holdings Inc.) | |
|---|---|---|
| 1-year return | -11.0% | -0.9% |
| 5-year return | -30.2% | +149.0% |
| Volatility (ann.) | 27.1% | 34.6% |
| Beta vs S&P 500 | 0.18 | 0.97 |
| Max drawdown (3Y) | -28.4% | -33.2% |
| Market cap | $81.2B | $28.4B |
| P/E (trailing) | 24.2 | 28.8 |
| Dividend yield | 3.97% | 0.33% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | AMT | LPLA |
|---|---|---|
| 2022 | -25.7% | +35.7% |
| 2023 | +5.4% | +5.9% |
| 2024 | -12.2% | +44.1% |
| 2025 | -0.9% | +9.8% |
| 2026 | +1.1% | +1.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMT and LPLA good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between AMT and LPLA?
As of 2026-08-27, the correlation of weekly returns between AMT and LPLA is -0.18 over 3 years, -0.11 over 1 year and -0.07 over 5 years.
Is LPLA a good diversifier for AMT?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
A reading of -0.18 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amt-vs-lpla.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amt-vs-lpla/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMT correlations · LPLA correlations
