DIS vs XLF: Correlation
Walt Disney Company (The) (DIS) and Financial Select Sector SPDR Fund (XLF) 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 DIS and XLF?
On 3 years of weekly data the DIS/XLF correlation comes out at 0.52, moderate. Little has changed lately, as the 1-year reading of 0.51 lands near the 3-year figure. The 5-year figure is 0.60, and annualized covariance runs at 231.8 %².
Few assets follow DIS as closely as XLF, which ranks #3 of 37 tracked partners. Correlation aside, the last 12 months split them widely, with XLF ahead by 17.5 points (-8.2% versus +9.3%). On a rolling one-year basis the correlation drifted between 0.23 and 0.69, a moderate band. Note the risk asymmetry: DIS 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.
DIS vs XLF: side by side
| DIS (Walt Disney Company (The)) | XLF (Financial Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -8.2% | +9.3% |
| 5-year return | -38.8% | +64.2% |
| Volatility (ann.) | 27.7% | 16.2% |
| Beta vs S&P 500 | 0.96 | 0.84 |
| Max drawdown (3Y) | -32.9% | -15.5% |
| Market cap | $184.4B | – |
| P/E (trailing) | 22.6 | – |
| Dividend yield | 1.37% | 1.42% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $57.9B |
| Sector / category | Communication Services | Sector ETF |
XLF is a Financial fund from State Street Investment Management: $57.9B under management, 77 holdings, a 0.08% expense ratio, a 1.42% trailing dividend yield.
Year-by-year returns
| Year | DIS | XLF |
|---|---|---|
| 2022 | -43.9% | -10.6% |
| 2023 | +4.3% | +12.0% |
| 2024 | +24.4% | +30.6% |
| 2025 | +3.3% | +14.9% |
| 2026 | -5.4% | +6.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIS and XLF good diversifiers for each other?
Only partially. A correlation of 0.52 means DIS and XLF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DIS and XLF?
The DIS/XLF correlation stands at 0.52 on a 3-year window (1 year: 0.51, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is XLF a good diversifier for DIS?
Only partially. A correlation of 0.52 means DIS and XLF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Hubs: DIS correlations · XLF correlations
