AMP vs XLI: Correlation
Ameriprise Financial (AMP) and Industrial Select Sector SPDR Fund (XLI) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMP and XLI?
Over the past 3 years, AMP and XLI moved with a correlation of 0.67, which is strong. The link has loosened recently: the 1-year correlation (0.31) runs below the 3-year figure (0.67). Over 5 years the correlation is 0.75, and the annualized covariance of weekly returns is 262.0 %².
Within AMP's tracked universe of 34 assets, XLI comes in at #15 by 3-year correlation. The trailing year gives XLI the advantage: +8.7% versus +18.3%, a 9.6-point spread. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.30 to 0.87. Risk is not evenly split, since AMP carries 1.6 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.
AMP vs XLI: side by side
| AMP (Ameriprise Financial) | XLI (Industrial Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +8.7% | +18.3% |
| 5-year return | +119.2% | +84.0% |
| Volatility (ann.) | 25.0% | 15.7% |
| Beta vs S&P 500 | 1.09 | 0.89 |
| Max drawdown (3Y) | -26.4% | -18.5% |
| Market cap | $49.1B | – |
| P/E (trailing) | 13.5 | – |
| Dividend yield | 1.16% | 1.15% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $32.9B |
| Sector / category | Financials | Sector ETF |
XLI is an Industrials fund from State Street Investment Management: $32.9B under management, 83 holdings, a 0.08% expense ratio, a 1.15% trailing dividend yield.
Year-by-year returns
| Year | AMP | XLI |
|---|---|---|
| 2022 | +5.0% | -5.6% |
| 2023 | +24.0% | +18.1% |
| 2024 | +42.1% | +17.3% |
| 2025 | -6.7% | +19.3% |
| 2026 | +14.5% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMP and XLI good diversifiers for each other?
Only partially. A correlation of 0.67 means AMP and XLI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AMP and XLI?
The AMP/XLI correlation stands at 0.67 on a 3-year window (1 year: 0.31, 5 years: 0.75), computed from weekly returns as of 2026-08-27.
Is XLI a good diversifier for AMP?
Only partially. A correlation of 0.67 means AMP and XLI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.67 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/amp-vs-xli.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amp-vs-xli/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMP correlations · XLI correlations
