EBAY vs XLY: Correlation
eBay Inc. (EBAY) and Consumer Discretionary Select Sector SPDR Fund (XLY) show a weak relationship: their 3-year correlation of weekly returns is 0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EBAY and XLY?
Over the past 3 years, EBAY and XLY moved with a correlation of 0.26, which is weak. The past 12 months show a tighter link (0.37) than the 3-year average (0.26). Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 150.5 %².
By 3-year correlation, XLY places #19 of the 33 assets tracked against EBAY. Over the last 12 months EBAY came out ahead by 10.7 percentage points (+10.6% against -0.1%). This link changes with the market regime, having swung between 0.06 and 0.68 on a rolling one-year basis.
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.
EBAY vs XLY: side by side
| EBAY (eBay Inc.) | XLY (Consumer Discretionary Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +10.6% | -0.1% |
| 5-year return | +43.9% | +31.8% |
| Volatility (ann.) | 28.9% | 19.7% |
| Beta vs S&P 500 | 0.58 | 1.15 |
| Max drawdown (3Y) | -20.7% | -26.0% |
| Market cap | $45.5B | – |
| P/E (trailing) | 21.9 | – |
| Dividend yield | 1.15% | 0.78% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $22.5B |
| Sector / category | Consumer Discretionary | 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 | EBAY | XLY |
|---|---|---|
| 2022 | -36.5% | -36.3% |
| 2023 | +7.7% | +39.6% |
| 2024 | +44.8% | +26.5% |
| 2025 | +42.7% | +7.4% |
| 2026 | +18.1% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that XLY holds EBAY at a 1.15% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are EBAY and XLY good diversifiers for each other?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EBAY and XLY?
Using weekly returns as of 2026-08-27: 0.26 over 3 years, with 0.37 over the last year and 0.50 over 5 years.
Is XLY a good diversifier for EBAY?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.26 mean?
A reading of 0.26 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/ebay-vs-xly.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ebay-vs-xly/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EBAY correlations · XLY correlations
