LPLA vs SRXH: Correlation
Measured on weekly returns over the past three years, LPL Financial Holdings Inc. (LPLA) and SRX Global Inc. (SRXH) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LPLA and SRXH?
Across a 3-year window, the weekly returns of LPLA and SRXH correlate at -0.20, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.12 over 1 year against -0.20 over 3. Stretching to 5 years gives 0.02, with an annualized covariance of -802.0 %².
Among the 22 assets we track against LPLA, SRXH ranks #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with LPLA ahead by 91.0 points (-0.9% versus -91.9%). Risk is not evenly split, since SRXH carries 3.4 times the volatility of the other side.
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 SRXH: side by side
| LPLA (LPL Financial Holdings Inc.) | SRXH (SRX Global Inc.) | |
|---|---|---|
| 1-year return | -0.9% | -91.9% |
| 5-year return | +149.0% | -100.0% |
| Volatility (ann.) | 34.6% | 116.5% |
| Beta vs S&P 500 | 0.97 | 0.40 |
| Max drawdown (3Y) | -33.2% | -99.8% |
| Market cap | $28.4B | – |
| P/E (trailing) | 28.8 | – |
| Dividend yield | 0.33% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LPLA | SRXH |
|---|---|---|
| 2022 | +35.7% | -83.3% |
| 2023 | +5.9% | -48.6% |
| 2024 | +44.1% | -78.8% |
| 2025 | +9.8% | -86.9% |
| 2026 | +1.4% | -86.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LPLA and SRXH good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between LPLA and SRXH?
The LPLA/SRXH correlation stands at -0.20 on a 3-year window (1 year: -0.12, 5 years: 0.02), computed from weekly returns as of 2026-08-27.
Is SRXH a good diversifier for LPLA?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 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.
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Related comparisons
Hubs: LPLA correlations · SRXH correlations
