ABNB vs XLY: Correlation
How closely do Airbnb (ABNB) and Consumer Discretionary Select Sector SPDR Fund (XLY) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABNB and XLY?
On 3 years of weekly data the ABNB/XLY correlation comes out at 0.54, moderate. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. The 5-year figure is 0.65, and annualized covariance runs at 372.2 %².
Among the 32 assets we track against ABNB, XLY ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ABNB outperformed by 42.1 percentage points (+42.0% for ABNB against -0.1% for XLY). The rolling one-year correlation moved between 0.27 and 0.75 over the past three years, a moderate range. Note the risk asymmetry: ABNB runs 1.8 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.
ABNB vs XLY: side by side
| ABNB (Airbnb) | XLY (Consumer Discretionary Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +42.0% | -0.1% |
| 5-year return | +18.2% | +31.8% |
| Volatility (ann.) | 35.2% | 19.7% |
| Beta vs S&P 500 | 1.28 | 1.15 |
| Max drawdown (3Y) | -37.2% | -26.0% |
| Market cap | $110.4B | – |
| P/E (trailing) | 42.9 | – |
| Dividend yield | 0.00% | 0.78% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $22.5B |
| Sector / category | Consumer Discretionary | Sector ETF |
XLY is a Consumer Cyclical fund from State Street Investment Management: $22.5B under management, 47 holdings, a 0.08% expense ratio, a 0.78% trailing dividend yield.
Year-by-year returns
| Year | ABNB | XLY |
|---|---|---|
| 2022 | -48.6% | -36.3% |
| 2023 | +59.2% | +39.6% |
| 2024 | -3.5% | +26.5% |
| 2025 | +3.3% | +7.4% |
| 2026 | +35.9% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
ABNB represents 1.96% of XLY's portfolio, so part of any move in XLY is ABNB itself, and the correlation between them is partly mechanical.
Are ABNB and XLY good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ABNB and XLY?
As of 2026-08-27, the correlation of weekly returns between ABNB and XLY is 0.54 over 3 years, 0.62 over 1 year and 0.65 over 5 years.
Is XLY a good diversifier for ABNB?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
A reading of 0.54 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abnb-vs-xly.json
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Related comparisons
Hubs: ABNB correlations · XLY correlations
