APO vs LPLA: Correlation
Measured on weekly returns over the past three years, Apollo Global Management (APO) and LPL Financial Holdings Inc. (LPLA) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APO and LPLA?
Across a 3-year window, the weekly returns of APO and LPLA correlate at 0.51, moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.51 over 3. Stretching to 5 years gives 0.49, with an annualized covariance of 652.6 %².
Within APO's tracked universe of 33 assets, LPLA comes in at #21 by 3-year correlation. Their 12-month results are close: -0.1% for APO against -0.9% for LPLA.
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.
APO vs LPLA: side by side
| APO (Apollo Global Management) | LPLA (LPL Financial Holdings Inc.) | |
|---|---|---|
| 1-year return | -0.1% | -0.9% |
| 5-year return | +149.7% | +149.0% |
| Volatility (ann.) | 36.8% | 34.6% |
| Beta vs S&P 500 | 1.62 | 0.97 |
| Max drawdown (3Y) | -42.8% | -33.2% |
| Market cap | $78.8B | $28.4B |
| P/E (trailing) | 47.5 | 28.8 |
| Dividend yield | 1.60% | 0.33% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | APO | LPLA |
|---|---|---|
| 2022 | -9.6% | +35.7% |
| 2023 | +49.4% | +5.9% |
| 2024 | +79.9% | +44.1% |
| 2025 | -11.1% | +9.8% |
| 2026 | -6.7% | +1.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APO and LPLA good diversifiers for each other?
Only partially. A correlation of 0.51 means APO and LPLA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between APO and LPLA?
The APO/LPLA correlation stands at 0.51 on a 3-year window (1 year: 0.44, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is LPLA a good diversifier for APO?
Only partially. A correlation of 0.51 means APO and LPLA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/apo-vs-lpla.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/apo-vs-lpla/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APO correlations · LPLA correlations
