IEMG vs LPL: Correlation
iShares Core MSCI Emerging Markets ETF (IEMG) and LG Display Co, Ltd AMERICAN DEPOSITORY SHARES (LPL) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IEMG and LPL?
Over the past 3 years, IEMG and LPL moved with a correlation of 0.55, which is moderate. The relationship has been stable: the 1-year correlation (0.59) sits close to the 3-year figure. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 413.5 %².
Within IEMG's tracked universe of 68 assets, LPL comes in at #46 by 3-year correlation. The last year tells two different stories: IEMG led by 59.4 percentage points, +36.0% for IEMG against -23.4% for LPL. Risk is not evenly split, since LPL carries 2.5 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.
IEMG vs LPL: side by side
| IEMG (iShares Core MSCI Emerging Markets ETF) | LPL (LG Display Co, Ltd AMERICAN DEPOSITORY SHARES) | |
|---|---|---|
| 1-year return | +36.0% | -23.4% |
| 5-year return | +50.7% | -62.1% |
| Volatility (ann.) | 17.4% | 43.3% |
| Beta vs S&P 500 | 0.84 | 1.27 |
| Max drawdown (3Y) | -17.2% | -52.8% |
| Market cap | – | $3.3B |
| P/E (trailing) | – | – |
| Dividend yield | 2.31% | 0.00% |
| Expense ratio | 0.09% | – |
| Assets under management | $152.2B | – |
| Sector / category | ETF · International | US Listed |
IEMG is a Diversified Emerging Mkts fund from iShares: $152.2B under management, 1824 holdings, a 0.09% expense ratio, a 2.31% trailing dividend yield.
Year-by-year returns
| Year | IEMG | LPL |
|---|---|---|
| 2022 | -20.0% | -50.9% |
| 2023 | +11.5% | -2.8% |
| 2024 | +6.5% | -36.3% |
| 2025 | +32.6% | +37.1% |
| 2026 | +23.6% | -20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IEMG and LPL good diversifiers for each other?
Only partially. A correlation of 0.55 means IEMG 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 IEMG and LPL?
As of 2026-08-27, the correlation of weekly returns between IEMG and LPL is 0.55 over 3 years, 0.59 over 1 year and 0.56 over 5 years.
Is LPL a good diversifier for IEMG?
Only partially. A correlation of 0.55 means IEMG 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 0.55 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/iemg-vs-lpl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/iemg-vs-lpl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IEMG correlations · LPL correlations
