CPRT vs XLY: Correlation
How closely do Copart (CPRT) and Consumer Discretionary Select Sector SPDR Fund (XLY) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPRT and XLY?
On 3 years of weekly data the CPRT/XLY correlation comes out at 0.48, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.34 versus 0.48 over 3 years. The 5-year figure is 0.57, and annualized covariance runs at 247.7 %².
Among the 35 assets we track against CPRT, XLY ranks #15 by 3-year correlation. Correlation aside, the last 12 months split them widely, with XLY ahead by 32.5 points (-32.6% versus -0.1%). On a rolling one-year basis the correlation drifted between 0.41 and 0.67, a moderate band.
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.
CPRT vs XLY: side by side
| CPRT (Copart) | XLY (Consumer Discretionary Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -32.6% | -0.1% |
| 5-year return | -9.3% | +31.8% |
| Volatility (ann.) | 26.0% | 19.7% |
| Beta vs S&P 500 | 0.86 | 1.15 |
| Max drawdown (3Y) | -57.4% | -26.0% |
| Market cap | $30.3B | – |
| P/E (trailing) | 20.2 | – |
| Dividend yield | 0.00% | 0.78% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $22.5B |
| Sector / category | Industrials | 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 | CPRT | XLY |
|---|---|---|
| 2022 | -19.7% | -36.3% |
| 2023 | +60.9% | +39.6% |
| 2024 | +17.1% | +26.5% |
| 2025 | -31.8% | +7.4% |
| 2026 | -16.3% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPRT and XLY good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CPRT and XLY?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.34 over the last year and 0.57 over 5 years.
Is XLY a good diversifier for CPRT?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 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/cprt-vs-xly.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cprt-vs-xly/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CPRT correlations · XLY correlations
