AYI vs XLI: Correlation
Acuity Inc. (AYI) and Industrial Select Sector SPDR Fund (XLI) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AYI and XLI?
On 3 years of weekly data the AYI/XLI correlation comes out at 0.58, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.41 versus 0.58 over 3 years. The 5-year figure is 0.64, and annualized covariance runs at 276.9 %².
XLI is one of the assets that tracks AYI most closely: it ranks #2 out of the 12 assets we track against AYI. The last year tells two different stories: XLI led by 15.7 percentage points, +2.6% for AYI against +18.3% for XLI. Note the risk asymmetry: AYI runs 1.9 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.
AYI vs XLI: side by side
| AYI (Acuity Inc.) | XLI (Industrial Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +2.6% | +18.3% |
| 5-year return | +86.6% | +84.0% |
| Volatility (ann.) | 30.1% | 15.7% |
| Beta vs S&P 500 | 1.13 | 0.89 |
| Max drawdown (3Y) | -33.7% | -18.5% |
| Market cap | $10.2B | – |
| P/E (trailing) | 22.7 | – |
| Dividend yield | 0.22% | 1.15% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $32.9B |
| Sector / category | US Listed | 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 | AYI | XLI |
|---|---|---|
| 2022 | -21.5% | -5.6% |
| 2023 | +24.1% | +18.1% |
| 2024 | +42.9% | +17.3% |
| 2025 | +23.5% | +19.3% |
| 2026 | -4.9% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AYI and XLI good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AYI and XLI?
As of 2026-08-27, the correlation of weekly returns between AYI and XLI is 0.58 over 3 years, 0.41 over 1 year and 0.64 over 5 years.
Is XLI a good diversifier for AYI?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ayi-vs-xli.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ayi-vs-xli/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AYI correlations · XLI correlations
