CCI vs LPLA: Correlation
Measured on weekly returns over the past three years, Crown Castle (CCI) and LPL Financial Holdings Inc. (LPLA) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCI and LPLA?
Across a 3-year window, the weekly returns of CCI and LPLA correlate at -0.16, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.17 lands near the 3-year figure. Stretching to 5 years gives -0.08, with an annualized covariance of -161.2 %².
LPLA is close to the least connected end of CCI's tracked universe, ranking #27 of 30. Correlation aside, the last 12 months split them widely, with LPLA ahead by 20.6 points (-21.5% versus -0.9%).
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.
CCI vs LPLA: side by side
| CCI (Crown Castle) | LPLA (LPL Financial Holdings Inc.) | |
|---|---|---|
| 1-year return | -21.5% | -0.9% |
| 5-year return | -50.4% | +149.0% |
| Volatility (ann.) | 28.4% | 34.6% |
| Beta vs S&P 500 | 0.22 | 0.97 |
| Max drawdown (3Y) | -33.0% | -33.2% |
| Market cap | $32.8B | $28.4B |
| P/E (trailing) | 30.9 | 28.8 |
| Dividend yield | 5.63% | 0.33% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | CCI | LPLA |
|---|---|---|
| 2022 | -32.6% | +35.7% |
| 2023 | -10.2% | +5.9% |
| 2024 | -16.4% | +44.1% |
| 2025 | +3.0% | +9.8% |
| 2026 | -13.5% | +1.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCI and LPLA good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CCI and LPLA?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.17 over the last year and -0.08 over 5 years.
Is LPLA a good diversifier for CCI?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 mean?
On the −1 to +1 scale, -0.16 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/cci-vs-lpla.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cci-vs-lpla/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCI correlations · LPLA correlations
