AGIG vs XLF: Correlation
How closely do Abundia Global Impact Group Inc. (AGIG) and Financial Select Sector SPDR Fund (XLF) trade together? Their weekly returns over three years give a correlation of -0.15, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGIG and XLF?
Over the past 3 years, AGIG and XLF moved with a correlation of -0.15, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.17) sits close to the 3-year figure. Over 5 years the correlation is -0.08, and the annualized covariance of weekly returns is -383.6 %².
By 3-year correlation, XLF places #15 of the 34 assets tracked against AGIG. Their recent paths diverged sharply: over the last 12 months XLF outperformed by 98.0 percentage points (-88.7% for AGIG against +9.3% for XLF). Note the risk asymmetry: AGIG runs 9.7 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.
AGIG vs XLF: side by side
| AGIG (Abundia Global Impact Group Inc.) | XLF (Financial Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -88.7% | +9.3% |
| 5-year return | -94.6% | +64.2% |
| Volatility (ann.) | 157.1% | 16.2% |
| Beta vs S&P 500 | -0.21 | 0.84 |
| Max drawdown (3Y) | -96.7% | -15.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.42% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $57.9B |
| Sector / category | US Listed | Sector ETF |
XLF is a Financial fund from State Street Investment Management: $57.9B under management, 77 holdings, a 0.08% expense ratio, a 1.42% trailing dividend yield.
Year-by-year returns
| Year | AGIG | XLF |
|---|---|---|
| 2022 | +140.6% | -10.6% |
| 2023 | -48.0% | +12.0% |
| 2024 | -27.9% | +30.6% |
| 2025 | -84.7% | +14.9% |
| 2026 | -51.0% | +6.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGIG and XLF good diversifiers for each other?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AGIG and XLF?
As of 2026-08-27, the correlation of weekly returns between AGIG and XLF is -0.15 over 3 years, -0.17 over 1 year and -0.08 over 5 years.
Is XLF a good diversifier for AGIG?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.15 mean?
A reading of -0.15 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AGIG correlations · XLF correlations
