APTV vs XLY: Correlation
How closely do Aptiv (APTV) and Consumer Discretionary Select Sector SPDR Fund (XLY) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APTV and XLY?
On 3 years of weekly data the APTV/XLY correlation comes out at 0.32, moderate. Recent behaviour matches the longer record: 0.22 over 1 year against 0.32 over 3. The 5-year figure is 0.51, and annualized covariance runs at 238.2 %².
Within APTV's tracked universe of 33 assets, XLY comes in at #20 by 3-year correlation. The last year tells two different stories: XLY led by 43.1 percentage points, -43.2% for APTV against -0.1% for XLY. On a rolling one-year basis the correlation drifted between 0.24 and 0.65, a moderate band. Risk is not evenly split, since APTV carries 1.9 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.
APTV vs XLY: side by side
| APTV (Aptiv) | XLY (Consumer Discretionary Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -43.2% | -0.1% |
| 5-year return | -70.3% | +31.8% |
| Volatility (ann.) | 37.7% | 19.7% |
| Beta vs S&P 500 | 0.76 | 1.15 |
| Max drawdown (3Y) | -56.5% | -26.0% |
| Market cap | $9.4B | – |
| P/E (trailing) | 20.9 | – |
| 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 | APTV | XLY |
|---|---|---|
| 2022 | -43.5% | -36.3% |
| 2023 | -3.7% | +39.6% |
| 2024 | -32.6% | +26.5% |
| 2025 | +25.8% | +7.4% |
| 2026 | -40.3% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that XLY holds APTV at a 0.24% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are APTV and XLY good diversifiers for each other?
Reasonably. At 0.32, APTV and XLY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between APTV and XLY?
As of 2026-08-27, the correlation of weekly returns between APTV and XLY is 0.32 over 3 years, 0.22 over 1 year and 0.51 over 5 years.
Is XLY a good diversifier for APTV?
Reasonably. At 0.32, APTV and XLY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 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/aptv-vs-xly.json
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Related comparisons
Hubs: APTV correlations · XLY correlations
