ABTS vs XLP: Correlation
Abits Group Inc (ABTS) and Consumer Staples Select Sector SPDR Fund (XLP) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABTS and XLP?
Over the past 3 years, ABTS and XLP moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.22 lands near the 3-year figure. Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -1861.8 %².
Among the 48 assets we track against ABTS, XLP ranks #35 by 3-year correlation. Correlation aside, the last 12 months split them widely, with XLP ahead by 72.7 points (-64.4% versus +8.3%). One caveat on sizing: ABTS is 62.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ABTS vs XLP: side by side
| ABTS (Abits Group Inc) | XLP (Consumer Staples Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -64.4% | +8.3% |
| 5-year return | -81.7% | +34.7% |
| Volatility (ann.) | 689.2% | 11.1% |
| Beta vs S&P 500 | -4.02 | 0.23 |
| Max drawdown (3Y) | -92.1% | -9.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.58% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $14.6B |
| Sector / category | US Listed | Sector ETF |
On the fund side, XLP sits in the Consumer Defensive category at State Street Investment Management, with $14.6B under management, 35 holdings, a 0.08% expense ratio, a 2.58% trailing dividend yield.
Year-by-year returns
| Year | ABTS | XLP |
|---|---|---|
| 2022 | -84.2% | -0.8% |
| 2023 | +152.8% | -0.8% |
| 2024 | -39.6% | +12.2% |
| 2025 | +647.5% | +1.5% |
| 2026 | -73.8% | +10.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABTS and XLP good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ABTS and XLP?
As of 2026-08-27, the correlation of weekly returns between ABTS and XLP is -0.24 over 3 years, -0.22 over 1 year and -0.14 over 5 years.
Is XLP a good diversifier for ABTS?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 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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Hubs: ABTS correlations · XLP correlations
