EEM vs LPL: Correlation
How closely do iShares MSCI Emerging Markets ETF (EEM) and LG Display Co, Ltd AMERICAN DEPOSITORY SHARES (LPL) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EEM and LPL?
On 3 years of weekly data the EEM/LPL correlation comes out at 0.54, moderate. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. The 5-year figure is 0.55, and annualized covariance runs at 421.2 %².
Within EEM's tracked universe of 67 assets, LPL comes in at #45 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EEM ahead by 61.5 points (+38.1% versus -23.4%). One caveat on sizing: LPL is 2.4 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.
EEM vs LPL: side by side
| EEM (iShares MSCI Emerging Markets ETF) | LPL (LG Display Co, Ltd AMERICAN DEPOSITORY SHARES) | |
|---|---|---|
| 1-year return | +38.1% | -23.4% |
| 5-year return | +47.1% | -62.1% |
| Volatility (ann.) | 18.0% | 43.3% |
| Beta vs S&P 500 | 0.85 | 1.27 |
| Max drawdown (3Y) | -17.3% | -52.8% |
| Market cap | – | $3.3B |
| P/E (trailing) | – | – |
| Dividend yield | 1.73% | 0.00% |
| Expense ratio | 0.72% | – |
| Assets under management | $29.2B | – |
| Sector / category | ETF · International | US Listed |
EEM, iShares's Diversified Emerging Mkts fund, carries $29.2B under management, 968 holdings, a 0.72% expense ratio, a 1.73% trailing dividend yield.
Year-by-year returns
| Year | EEM | LPL |
|---|---|---|
| 2022 | -20.6% | -50.9% |
| 2023 | +8.9% | -2.8% |
| 2024 | +6.5% | -36.3% |
| 2025 | +34.0% | +37.1% |
| 2026 | +24.2% | -20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EEM and LPL good diversifiers for each other?
Only partially. A correlation of 0.54 means EEM 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 EEM and LPL?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.58 over the last year and 0.55 over 5 years.
Is LPL a good diversifier for EEM?
Only partially. A correlation of 0.54 means EEM 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 0.54 mean?
A reading of 0.54 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/eem-vs-lpl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eem-vs-lpl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EEM correlations · LPL correlations
