AUC vs XLC: Correlation
How closely do ATIF Holdings Limited (AUC) and Communication Services Select Sector SPDR Fund (XLC) 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 AUC and XLC?
Over the past 3 years, AUC and XLC moved with a correlation of -0.15, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.14 lands near the 3-year figure. Over 5 years the correlation is -0.08, and the annualized covariance of weekly returns is -260.4 %².
Within AUC's tracked universe of 24 assets, XLC comes in at #9 by 3-year correlation. The last year tells two different stories: AUC led by 15.7 percentage points, +17.2% for AUC against +1.5% for XLC. One caveat on sizing: AUC is 6.8 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.
AUC vs XLC: side by side
| AUC (ATIF Holdings Limited) | XLC (Communication Services Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +17.2% | +1.5% |
| 5-year return | -88.8% | +37.5% |
| Volatility (ann.) | 108.2% | 16.0% |
| Beta vs S&P 500 | -0.39 | 0.90 |
| Max drawdown (3Y) | -88.5% | -18.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.32% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $21.7B |
| Sector / category | US Listed | Sector ETF |
On the fund side, XLC sits in the Communications category at State Street Investment Management, with $21.7B under management, 24 holdings, a 0.08% expense ratio, a 1.32% trailing dividend yield.
Year-by-year returns
| Year | AUC | XLC |
|---|---|---|
| 2022 | -30.4% | -37.6% |
| 2023 | -53.3% | +52.8% |
| 2024 | +2.5% | +34.7% |
| 2025 | -70.6% | +23.1% |
| 2026 | +19.9% | -4.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUC and XLC good diversifiers for each other?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between AUC and XLC?
The AUC/XLC correlation stands at -0.15 on a 3-year window (1 year: -0.14, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is XLC a good diversifier for AUC?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
What does a correlation of -0.15 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/auc-vs-xlc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/auc-vs-xlc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AUC correlations · XLC correlations
