LPLA vs SHY: Correlation
How closely do LPL Financial Holdings Inc. (LPLA) and iShares 1-3 Year Treasury Bond ETF (SHY) trade together? Their weekly returns over three years give a correlation of -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LPLA and SHY?
On 3 years of weekly data the LPLA/SHY correlation comes out at -0.34, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.30 lands near the 3-year figure. The 5-year figure is -0.33, and annualized covariance runs at -18.3 %².
Among the 22 assets we track against LPLA, SHY sits near the bottom by co-movement, at rank #19. Their 12-month results are close: -0.9% for LPLA against +2.5% for SHY. Note the risk asymmetry: LPLA runs 21.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 SHY: side by side
| LPLA (LPL Financial Holdings Inc.) | SHY (iShares 1-3 Year Treasury Bond ETF) | |
|---|---|---|
| 1-year return | -0.9% | +2.5% |
| 5-year return | +149.0% | +9.6% |
| Volatility (ann.) | 34.6% | 1.6% |
| Beta vs S&P 500 | 0.97 | 0.00 |
| Max drawdown (3Y) | -33.2% | -1.0% |
| Market cap | $28.4B | – |
| P/E (trailing) | 28.8 | – |
| Dividend yield | 0.33% | 3.65% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $25.1B |
| Sector / category | US Listed | ETF · Bonds |
SHY, iShares's Short Government fund, carries $25.1B under management, a 0.15% expense ratio, a 3.65% trailing dividend yield.
Year-by-year returns
| Year | LPLA | SHY |
|---|---|---|
| 2022 | +35.7% | -3.9% |
| 2023 | +5.9% | +4.2% |
| 2024 | +44.1% | +3.9% |
| 2025 | +9.8% | +5.0% |
| 2026 | +1.4% | +1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LPLA and SHY good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between LPLA and SHY?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with -0.30 over the last year and -0.33 over 5 years.
Is SHY a good diversifier for LPLA?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 mean?
On the −1 to +1 scale, -0.34 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/lpla-vs-shy.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lpla-vs-shy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LPLA correlations · SHY correlations
