DLB vs XLY: Correlation
How closely do Dolby Laboratories (DLB) and Consumer Discretionary Select Sector SPDR Fund (XLY) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DLB and XLY?
Over the past 3 years, DLB and XLY moved with a correlation of 0.50, which is moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.50 over 3. Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 253.1 %².
Few assets follow DLB as closely as XLY, which ranks #3 of 12 tracked partners. The trailing year gives XLY the advantage: -12.3% versus -0.1%, a 12.2-point spread.
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.
DLB vs XLY: side by side
| DLB (Dolby Laboratories) | XLY (Consumer Discretionary Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -12.3% | -0.1% |
| 5-year return | -31.8% | +31.8% |
| Volatility (ann.) | 26.0% | 19.7% |
| Beta vs S&P 500 | 0.78 | 1.15 |
| Max drawdown (3Y) | -43.2% | -26.0% |
| Market cap | $5.8B | – |
| P/E (trailing) | 27.6 | – |
| Dividend yield | 2.22% | 0.78% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $22.5B |
| Sector / category | US Listed | 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 | DLB | XLY |
|---|---|---|
| 2022 | -24.9% | -36.3% |
| 2023 | +23.8% | +39.6% |
| 2024 | -7.9% | +26.5% |
| 2025 | -16.3% | +7.4% |
| 2026 | -1.1% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DLB and XLY good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DLB and XLY?
The DLB/XLY correlation stands at 0.50 on a 3-year window (1 year: 0.44, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is XLY a good diversifier for DLB?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 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/dlb-vs-xly.json
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Related comparisons
Hubs: DLB correlations · XLY correlations
