DD vs XLI: Correlation
DuPont (DD) and Industrial Select Sector SPDR Fund (XLI) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DD and XLI?
On 3 years of weekly data the DD/XLI correlation comes out at 0.52, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.41 versus 0.52 over 3 years. The 5-year figure is 0.64, and annualized covariance runs at 238.0 %².
Among the 34 assets we track against DD, XLI ranks #17 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DD outperformed by 26.4 percentage points (+44.7% for DD against +18.3% for XLI). Across three years, the rolling one-year figure varied moderately, from 0.27 to 0.76. Note the risk asymmetry: DD runs 1.8 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 XLI: side by side
| DD (DuPont) | XLI (Industrial Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +44.7% | +18.3% |
| 5-year return | +64.0% | +84.0% |
| Volatility (ann.) | 28.8% | 15.7% |
| Beta vs S&P 500 | 0.93 | 0.89 |
| Max drawdown (3Y) | -37.8% | -18.5% |
| Market cap | $18.7B | – |
| P/E (trailing) | 59.1 | – |
| Dividend yield | 2.20% | 1.15% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $32.9B |
| Sector / category | Industrials | Sector ETF |
XLI is an Industrials fund from State Street Investment Management: $32.9B under management, 83 holdings, a 0.08% expense ratio, a 1.15% trailing dividend yield.
Year-by-year returns
| Year | DD | XLI |
|---|---|---|
| 2022 | -13.4% | -5.6% |
| 2023 | +14.4% | +18.1% |
| 2024 | +1.0% | +17.3% |
| 2025 | +28.7% | +19.3% |
| 2026 | +16.0% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that XLI holds DD at a 0.33% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are DD and XLI good diversifiers for each other?
To a limited degree. At 0.52 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 XLI?
The DD/XLI correlation stands at 0.52 on a 3-year window (1 year: 0.41, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is XLI a good diversifier for DD?
To a limited degree. At 0.52 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 0.52 mean?
A reading of 0.52 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-xli.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dd-vs-xli/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DD correlations · XLI correlations
