LPLA vs TIP: Correlation
LPL Financial Holdings Inc. (LPLA) and iShares TIPS Bond ETF (TIP) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LPLA and TIP?
Across a 3-year window, the weekly returns of LPLA and TIP correlate at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.32) sits close to the 3-year figure. Stretching to 5 years gives -0.16, with an annualized covariance of -34.5 %².
Among the 22 assets we track against LPLA, TIP ranks #11 by 3-year correlation. Twelve-month performance is nearly a tie, at -0.9% for LPLA and +1.4% for TIP. Note the risk asymmetry: LPLA runs 7.9 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 TIP: side by side
| LPLA (LPL Financial Holdings Inc.) | TIP (iShares TIPS Bond ETF) | |
|---|---|---|
| 1-year return | -0.9% | +1.4% |
| 5-year return | +149.0% | +1.2% |
| Volatility (ann.) | 34.6% | 4.4% |
| Beta vs S&P 500 | 0.97 | 0.05 |
| Max drawdown (3Y) | -33.2% | -3.7% |
| Market cap | $28.4B | – |
| P/E (trailing) | 28.8 | – |
| Dividend yield | 0.33% | 4.47% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $14.6B |
| Sector / category | US Listed | ETF · Bonds |
TIP is an Inflation-Protected Bond fund from iShares: $14.6B under management, a 0.18% expense ratio, a 4.47% trailing dividend yield.
Year-by-year returns
| Year | LPLA | TIP |
|---|---|---|
| 2022 | +35.7% | -12.3% |
| 2023 | +5.9% | +3.8% |
| 2024 | +44.1% | +1.7% |
| 2025 | +9.8% | +6.8% |
| 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 TIP good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LPLA and TIP?
As of 2026-08-27, the correlation of weekly returns between LPLA and TIP is -0.23 over 3 years, -0.32 over 1 year and -0.16 over 5 years.
Is TIP a good diversifier for LPLA?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 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-tip.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lpla-vs-tip/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LPLA correlations · TIP correlations
