CRT vs XLE: Correlation
Cross Timbers Royalty Trust (CRT) and Energy Select Sector SPDR Fund (XLE) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRT and XLE?
Across a 3-year window, the weekly returns of CRT and XLE correlate at 0.41, moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.41 over 3. Stretching to 5 years gives 0.49, with an annualized covariance of 347.4 %².
By 3-year correlation, XLE places #5 of the 11 assets tracked against CRT. Correlation aside, the last 12 months split them widely, with XLE ahead by 15.0 points (+29.0% versus +44.0%). Note the risk asymmetry: CRT runs 1.6 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.
CRT vs XLE: side by side
| CRT (Cross Timbers Royalty Trust) | XLE (Energy Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +29.0% | +44.0% |
| 5-year return | +30.9% | +206.7% |
| Volatility (ann.) | 36.4% | 23.1% |
| Beta vs S&P 500 | 0.11 | 0.27 |
| Max drawdown (3Y) | -63.5% | -20.1% |
| Market cap | $0.1B | – |
| P/E (trailing) | 19.8 | – |
| Dividend yield | 5.05% | 2.55% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $39.2B |
| Sector / category | US Listed | Sector ETF |
XLE is an Equity Energy fund from State Street Investment Management: $39.2B under management, 22 holdings, a 0.08% expense ratio, a 2.55% trailing dividend yield.
Year-by-year returns
| Year | CRT | XLE |
|---|---|---|
| 2022 | +145.9% | +64.3% |
| 2023 | -24.4% | -0.6% |
| 2024 | -39.1% | +5.6% |
| 2025 | -13.1% | +7.9% |
| 2026 | +36.2% | +41.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRT and XLE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CRT and XLE?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.50 over the last year and 0.49 over 5 years.
Is XLE a good diversifier for CRT?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 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/crt-vs-xle.json
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Related comparisons
Hubs: CRT correlations · XLE correlations
