LPL vs SPY: Correlation
Measured on weekly returns over the past three years, LG Display Co, Ltd AMERICAN DEPOSITORY SHARES (LPL) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LPL and SPY?
Over the past 3 years, LPL and SPY moved with a correlation of 0.42, which is moderate. The link has tightened recently: the 1-year correlation (0.52) runs above the 3-year figure (0.42). Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 265.3 %².
By 3-year correlation, SPY places #6 of the 11 assets tracked against LPL. The last year tells two different stories: SPY led by 44.0 percentage points, -23.4% for LPL against +20.6% for SPY. One caveat on sizing: LPL is 3.0 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.
LPL vs SPY: side by side
| LPL (LG Display Co, Ltd AMERICAN DEPOSITORY SHARES) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -23.4% | +20.6% |
| 5-year return | -62.1% | +82.4% |
| Volatility (ann.) | 43.3% | 14.5% |
| Beta vs S&P 500 | 1.27 | 1.00 |
| Max drawdown (3Y) | -52.8% | -18.8% |
| Market cap | $3.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | US Listed | ETF · US Large Cap |
SPY is a Large Blend fund from State Street Investment Management: $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | LPL | SPY |
|---|---|---|
| 2022 | -50.9% | -18.2% |
| 2023 | -2.8% | +26.2% |
| 2024 | -36.3% | +24.9% |
| 2025 | +37.1% | +17.7% |
| 2026 | -20.7% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LPL and SPY good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LPL and SPY?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.52 over the last year and 0.47 over 5 years.
Is SPY a good diversifier for LPL?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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.
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Related comparisons
Hubs: LPL correlations · SPY correlations
