LPLA vs RJF: Correlation
How closely do LPL Financial Holdings Inc. (LPLA) and Raymond James Financial (RJF) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LPLA and RJF?
On 3 years of weekly data the LPLA/RJF correlation comes out at 0.66, strong. Recent behaviour matches the longer record: 0.72 over 1 year against 0.66 over 3. The 5-year figure is 0.70, and annualized covariance runs at 561.6 %².
RJF is one of the assets that tracks LPLA most closely: it ranks #1 out of the 22 assets we track against LPLA. On 12-month performance RJF holds a 7.2-point edge, -0.9% against +6.3%.
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.
LPLA vs RJF: side by side
| LPLA (LPL Financial Holdings Inc.) | RJF (Raymond James Financial) | |
|---|---|---|
| 1-year return | -0.9% | +6.3% |
| 5-year return | +149.0% | +102.1% |
| Volatility (ann.) | 34.6% | 24.8% |
| Beta vs S&P 500 | 0.97 | 1.03 |
| Max drawdown (3Y) | -33.2% | -28.1% |
| Market cap | $28.4B | $33.8B |
| P/E (trailing) | 28.8 | 15.4 |
| Dividend yield | 0.33% | 1.20% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | LPLA | RJF |
|---|---|---|
| 2022 | +35.7% | +8.3% |
| 2023 | +5.9% | +6.1% |
| 2024 | +44.1% | +40.8% |
| 2025 | +9.8% | +4.7% |
| 2026 | +1.4% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LPLA and RJF good diversifiers for each other?
To a limited degree. At 0.66 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between LPLA and RJF?
As of 2026-08-27, the correlation of weekly returns between LPLA and RJF is 0.66 over 3 years, 0.72 over 1 year and 0.70 over 5 years.
Is RJF a good diversifier for LPLA?
To a limited degree. At 0.66 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.66 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/lpla-vs-rjf.json
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Related comparisons
Hubs: LPLA correlations · RJF correlations
