DD vs XLB: Correlation
Measured on weekly returns over the past three years, DuPont (DD) and Materials Select Sector SPDR Fund (XLB) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DD and XLB?
Over the past 3 years, DD and XLB moved with a correlation of 0.66, which is strong. Recent behaviour matches the longer record: 0.60 over 1 year against 0.66 over 3. Over 5 years the correlation is 0.73, and the annualized covariance of weekly returns is 317.5 %².
In DD's tracked universe of 34 assets, XLB sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months DD outperformed by 27.1 percentage points (+44.7% for DD against +17.6% for XLB). On a rolling one-year basis the correlation drifted between 0.40 and 0.83, a moderate band. Note the risk asymmetry: DD runs 1.7 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.
DD vs XLB: side by side
| DD (DuPont) | XLB (Materials Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +44.7% | +17.6% |
| 5-year return | +64.0% | +36.9% |
| Volatility (ann.) | 28.8% | 16.7% |
| Beta vs S&P 500 | 0.93 | 0.72 |
| Max drawdown (3Y) | -37.8% | -23.2% |
| Market cap | $18.7B | – |
| P/E (trailing) | 59.1 | – |
| Dividend yield | 2.20% | 1.68% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $8.3B |
| Sector / category | Industrials | Sector ETF |
XLB is a Natural Resources fund from State Street Investment Management: $8.3B under management, 26 holdings, a 0.08% expense ratio, a 1.68% trailing dividend yield.
Year-by-year returns
| Year | DD | XLB |
|---|---|---|
| 2022 | -13.4% | -12.3% |
| 2023 | +14.4% | +12.5% |
| 2024 | +1.0% | +0.1% |
| 2025 | +28.7% | +9.9% |
| 2026 | +16.0% | +18.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DD and XLB good diversifiers for each other?
To a limited degree. At 0.66 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DD and XLB?
As of 2026-08-27, the correlation of weekly returns between DD and XLB is 0.66 over 3 years, 0.60 over 1 year and 0.73 over 5 years.
Is XLB a good diversifier for DD?
To a limited degree. At 0.66 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.66 mean?
A reading of 0.66 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/dd-vs-xlb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dd-vs-xlb/)
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Related comparisons
Hubs: DD correlations · XLB correlations
