CET vs XLY: Correlation
Central Securities Corporation (CET) and Consumer Discretionary Select Sector SPDR Fund (XLY) show a strong relationship: their 3-year correlation of weekly returns is 0.79.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CET and XLY?
Over the past 3 years, CET and XLY moved with a correlation of 0.79, which is strong. The relationship has been stable: the 1-year correlation (0.80) sits close to the 3-year figure. Over 5 years the correlation is 0.76, and the annualized covariance of weekly returns is 197.3 %².
Among the 38 assets we track against CET, XLY ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CET ahead by 15.8 points (+15.7% versus -0.1%). Risk is not evenly split, since XLY carries 1.5 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.
CET vs XLY: side by side
| CET (Central Securities Corporation) | XLY (Consumer Discretionary Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +15.7% | -0.1% |
| 5-year return | +73.3% | +31.8% |
| Volatility (ann.) | 12.8% | 19.7% |
| Beta vs S&P 500 | 0.78 | 1.15 |
| Max drawdown (3Y) | -15.4% | -26.0% |
| Market cap | – | – |
| P/E (trailing) | 7.3 | – |
| Dividend yield | 5.03% | 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 | CET | XLY |
|---|---|---|
| 2022 | -19.7% | -36.3% |
| 2023 | +19.2% | +39.6% |
| 2024 | +26.8% | +26.5% |
| 2025 | +17.2% | +7.4% |
| 2026 | +8.3% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CET and XLY good diversifiers for each other?
Only partially. A correlation of 0.79 means CET and XLY 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 CET and XLY?
The CET/XLY correlation stands at 0.79 on a 3-year window (1 year: 0.80, 5 years: 0.76), computed from weekly returns as of 2026-08-27.
Is XLY a good diversifier for CET?
Only partially. A correlation of 0.79 means CET and XLY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.79 mean?
A reading of 0.79 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CET correlations · XLY correlations
