CGO vs LPL: Correlation
Measured on weekly returns over the past three years, Calamos Global Total Return Fund - Closed End Fund (CGO) and LG Display Co, Ltd AMERICAN DEPOSITORY SHARES (LPL) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CGO and LPL?
Across a 3-year window, the weekly returns of CGO and LPL correlate at 0.53, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.67 versus 0.53 over 3 years. Stretching to 5 years gives 0.47, with an annualized covariance of 442.6 %².
Among the 16 assets we track against CGO, LPL ranks #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CGO outperformed by 45.5 percentage points (+22.1% for CGO against -23.4% for LPL). Note the risk asymmetry: LPL runs 2.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CGO vs LPL: side by side
| CGO (Calamos Global Total Return Fund - Closed End Fund) | LPL (LG Display Co, Ltd AMERICAN DEPOSITORY SHARES) | |
|---|---|---|
| 1-year return | +22.1% | -23.4% |
| 5-year return | +21.0% | -62.1% |
| Volatility (ann.) | 19.2% | 43.3% |
| Beta vs S&P 500 | 1.04 | 1.27 |
| Max drawdown (3Y) | -26.7% | -52.8% |
| Market cap | $0.1B | $3.3B |
| P/E (trailing) | 2.9 | – |
| Dividend yield | 7.31% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CGO | LPL |
|---|---|---|
| 2022 | -36.6% | -50.9% |
| 2023 | +14.0% | -2.8% |
| 2024 | +36.8% | -36.3% |
| 2025 | +8.9% | +37.1% |
| 2026 | +20.3% | -20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CGO and LPL good diversifiers for each other?
Only partially. A correlation of 0.53 means CGO and LPL 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 CGO and LPL?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.67 over the last year and 0.47 over 5 years.
Is LPL a good diversifier for CGO?
Only partially. A correlation of 0.53 means CGO and LPL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 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/cgo-vs-lpl.json
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[](https://www.pairbook.io/pair/cgo-vs-lpl/)
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Related comparisons
Hubs: CGO correlations · LPL correlations
