CHTR vs XLC: Correlation
How closely do Charter Communications (CHTR) and Communication Services Select Sector SPDR Fund (XLC) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHTR and XLC?
On 3 years of weekly data the CHTR/XLC correlation comes out at 0.37, moderate. Little has changed lately, as the 1-year reading of 0.34 lands near the 3-year figure. The 5-year figure is 0.43, and annualized covariance runs at 245.4 %².
By 3-year correlation, XLC places #17 of the 35 assets tracked against CHTR. Correlation aside, the last 12 months split them widely, with XLC ahead by 46.4 points (-44.9% versus +1.5%). The relationship is regime-dependent: the rolling one-year correlation swung between -0.05 and 0.62 over the past three years, so this pair behaves very differently depending on the market environment. Note the risk asymmetry: CHTR runs 2.6 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.
CHTR vs XLC: side by side
| CHTR (Charter Communications) | XLC (Communication Services Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -44.9% | +1.5% |
| 5-year return | -81.8% | +37.5% |
| Volatility (ann.) | 41.3% | 16.0% |
| Beta vs S&P 500 | 0.74 | 0.90 |
| Max drawdown (3Y) | -72.9% | -18.0% |
| Market cap | $20.0B | – |
| P/E (trailing) | 4.0 | – |
| Dividend yield | 0.00% | 1.32% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $21.7B |
| Sector / category | Communication Services | 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 | CHTR | XLC |
|---|---|---|
| 2022 | -48.0% | -37.6% |
| 2023 | +14.6% | +52.8% |
| 2024 | -11.8% | +34.7% |
| 2025 | -39.1% | +23.1% |
| 2026 | -28.9% | -4.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 3.18% of XLC is CHTR itself, so the fund partly moves with the stock by construction.
Are CHTR and XLC good diversifiers for each other?
Reasonably. At 0.37, CHTR and XLC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CHTR and XLC?
The CHTR/XLC correlation stands at 0.37 on a 3-year window (1 year: 0.34, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is XLC a good diversifier for CHTR?
Reasonably. At 0.37, CHTR and XLC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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/chtr-vs-xlc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/chtr-vs-xlc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CHTR correlations · XLC correlations
