AUR vs XLY: Correlation
How closely do Aurora Innovation, Inc. (AUR) and Consumer Discretionary Select Sector SPDR Fund (XLY) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUR and XLY?
On 3 years of weekly data the AUR/XLY correlation comes out at 0.49, moderate. Recent behaviour matches the longer record: 0.57 over 1 year against 0.49 over 3. The 5-year figure is 0.51, and annualized covariance runs at 786.8 %².
By 3-year correlation, XLY places #5 of the 13 assets tracked against AUR. Twelve-month performance is nearly a tie, at -0.5% for AUR and -0.1% for XLY. Risk is not evenly split, since AUR carries 4.2 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.
AUR vs XLY: side by side
| AUR (Aurora Innovation, Inc.) | XLY (Consumer Discretionary Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -0.5% | -0.1% |
| 5-year return | -42.3% | +31.8% |
| Volatility (ann.) | 81.8% | 19.7% |
| Beta vs S&P 500 | 2.61 | 1.15 |
| Max drawdown (3Y) | -63.0% | -26.0% |
| Market cap | $11.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.78% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $22.5B |
| Sector / category | US Listed | 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 | AUR | XLY |
|---|---|---|
| 2022 | -89.3% | -36.3% |
| 2023 | +261.2% | +39.6% |
| 2024 | +44.2% | +26.5% |
| 2025 | -39.0% | +7.4% |
| 2026 | +48.2% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUR and XLY good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AUR and XLY?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.57 over the last year and 0.51 over 5 years.
Is XLY a good diversifier for AUR?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
A reading of 0.49 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aur-vs-xly.json
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Related comparisons
Hubs: AUR correlations · XLY correlations
