LPLA vs SF: Correlation
How closely do LPL Financial Holdings Inc. (LPLA) and Stifel Financial Corporation (SF) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LPLA and SF?
On 3 years of weekly data the LPLA/SF correlation comes out at 0.57, moderate. Recent behaviour matches the longer record: 0.66 over 1 year against 0.57 over 3. The 5-year figure is 0.62, and annualized covariance runs at 538.7 %².
In LPLA's tracked universe of 22 assets, SF sits right near the top at #3. The trailing year gives SF the advantage: -0.9% versus +6.0%, a 6.9-point spread.
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 SF: side by side
| LPLA (LPL Financial Holdings Inc.) | SF (Stifel Financial Corporation) | |
|---|---|---|
| 1-year return | -0.9% | +6.0% |
| 5-year return | +149.0% | +92.0% |
| Volatility (ann.) | 34.6% | 27.2% |
| Beta vs S&P 500 | 0.97 | 1.23 |
| Max drawdown (3Y) | -33.2% | -34.7% |
| Market cap | $28.4B | $12.2B |
| P/E (trailing) | 28.8 | 14.4 |
| Dividend yield | 0.33% | 1.59% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LPLA | SF |
|---|---|---|
| 2022 | +35.7% | -15.6% |
| 2023 | +5.9% | +21.2% |
| 2024 | +44.1% | +56.4% |
| 2025 | +9.8% | +20.1% |
| 2026 | +1.4% | -2.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LPLA and SF good diversifiers for each other?
To a limited degree. At 0.57 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 SF?
The LPLA/SF correlation stands at 0.57 on a 3-year window (1 year: 0.66, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is SF a good diversifier for LPLA?
To a limited degree. At 0.57 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 0.57 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
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Related comparisons
Hubs: LPLA correlations · SF correlations
