IEF vs LPLA: Correlation
iShares 7-10 Year Treasury Bond ETF (IEF) and LPL Financial Holdings Inc. (LPLA) show a negative relationship: their 3-year correlation of weekly returns is -0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IEF and LPLA?
Across a 3-year window, the weekly returns of IEF and LPLA correlate at -0.33, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.41) sits close to the 3-year figure. Stretching to 5 years gives -0.32, with an annualized covariance of -73.3 %².
Out of 48 assets tracked against IEF, LPLA lands near the bottom at #48. Their 12-month results are close: +0.9% for IEF against -0.9% for LPLA. Risk is not evenly split, since LPLA carries 5.3 times the volatility of the other side.
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.
IEF vs LPLA: side by side
| IEF (iShares 7-10 Year Treasury Bond ETF) | LPLA (LPL Financial Holdings Inc.) | |
|---|---|---|
| 1-year return | +0.9% | -0.9% |
| 5-year return | -7.9% | +149.0% |
| Volatility (ann.) | 6.5% | 34.6% |
| Beta vs S&P 500 | 0.04 | 0.97 |
| Max drawdown (3Y) | -6.9% | -33.2% |
| Market cap | – | $28.4B |
| P/E (trailing) | – | 28.8 |
| Dividend yield | 3.96% | 0.33% |
| Expense ratio | 0.15% | – |
| Assets under management | $47.2B | – |
| Sector / category | ETF · Bonds | US Listed |
IEF is a Long Government fund from iShares: $47.2B under management, a 0.15% expense ratio, a 3.96% trailing dividend yield.
Year-by-year returns
| Year | IEF | LPLA |
|---|---|---|
| 2022 | -15.2% | +35.7% |
| 2023 | +3.6% | +5.9% |
| 2024 | -0.6% | +44.1% |
| 2025 | +8.0% | +9.8% |
| 2026 | -0.8% | +1.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IEF and LPLA good diversifiers for each other?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between IEF and LPLA?
The IEF/LPLA correlation stands at -0.33 on a 3-year window (1 year: -0.41, 5 years: -0.32), computed from weekly returns as of 2026-08-27.
Is LPLA a good diversifier for IEF?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.33 mean?
A reading of -0.33 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
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Related comparisons
Hubs: IEF correlations · LPLA correlations
