BND vs LPLA: Correlation
Measured on weekly returns over the past three years, Vanguard Total Bond Market ETF (BND) and LPL Financial Holdings Inc. (LPLA) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BND and LPLA?
On 3 years of weekly data the BND/LPLA correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.36 lands near the 3-year figure. The 5-year figure is -0.24, and annualized covariance runs at -48.6 %².
Out of 33 assets tracked against BND, LPLA lands near the bottom at #30. Their 12-month results are close: +2.3% for BND against -0.9% for LPLA. One caveat on sizing: LPLA is 6.7 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.
BND vs LPLA: side by side
| BND (Vanguard Total Bond Market ETF) | LPLA (LPL Financial Holdings Inc.) | |
|---|---|---|
| 1-year return | +2.3% | -0.9% |
| 5-year return | -1.3% | +149.0% |
| Volatility (ann.) | 5.2% | 34.6% |
| Beta vs S&P 500 | 0.06 | 0.97 |
| Max drawdown (3Y) | -4.7% | -33.2% |
| Market cap | – | $28.4B |
| P/E (trailing) | – | 28.8 |
| Dividend yield | – | 0.33% |
| Sector / category | ETF · Bonds | US Listed |
Year-by-year returns
| Year | BND | LPLA |
|---|---|---|
| 2022 | -13.1% | +35.7% |
| 2023 | +5.7% | +5.9% |
| 2024 | +1.4% | +44.1% |
| 2025 | +7.1% | +9.8% |
| 2026 | +0.2% | +1.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BND 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 BND and LPLA?
As of 2026-08-27, the correlation of weekly returns between BND and LPLA is -0.27 over 3 years, -0.36 over 1 year and -0.24 over 5 years.
Is LPLA a good diversifier for BND?
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?
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/bnd-vs-lpla.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bnd-vs-lpla/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BND correlations · LPLA correlations
