JPM vs LPLA: Correlation
How closely do JPMorgan Chase (JPM) and LPL Financial Holdings Inc. (LPLA) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JPM and LPLA?
Over the past 3 years, JPM and LPLA moved with a correlation of 0.48, which is moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.48 over 3. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 388.4 %².
By 3-year correlation, LPLA places #24 of the 36 assets tracked against JPM. The last year tells two different stories: JPM led by 21.5 percentage points, +20.6% for JPM against -0.9% for LPLA.
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.
JPM vs LPLA: side by side
| JPM (JPMorgan Chase) | LPLA (LPL Financial Holdings Inc.) | |
|---|---|---|
| 1-year return | +20.6% | -0.9% |
| 5-year return | +150.2% | +149.0% |
| Volatility (ann.) | 23.2% | 34.6% |
| Beta vs S&P 500 | 1.01 | 0.97 |
| Max drawdown (3Y) | -24.4% | -33.2% |
| Market cap | $941.6B | $28.4B |
| P/E (trailing) | 15.2 | 28.8 |
| Dividend yield | 1.68% | 0.33% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | JPM | LPLA |
|---|---|---|
| 2022 | -12.6% | +35.7% |
| 2023 | +30.6% | +5.9% |
| 2024 | +44.3% | +44.1% |
| 2025 | +37.3% | +9.8% |
| 2026 | +11.5% | +1.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JPM and LPLA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between JPM and LPLA?
As of 2026-08-27, the correlation of weekly returns between JPM and LPLA is 0.48 over 3 years, 0.47 over 1 year and 0.52 over 5 years.
Is LPLA a good diversifier for JPM?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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/jpm-vs-lpla.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jpm-vs-lpla/)
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Related comparisons
Hubs: JPM correlations · LPLA correlations
