EG vs XLF: Correlation
Measured on weekly returns over the past three years, Everest Group (EG) and Financial Select Sector SPDR Fund (XLF) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EG and XLF?
Over the past 3 years, EG and XLF moved with a correlation of 0.39, which is moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 140.8 %².
Among the 30 assets we track against EG, XLF ranks #16 by 3-year correlation. Their 12-month results are close: +11.3% for EG against +9.3% for XLF. Across three years, the rolling one-year figure varied moderately, from 0.12 to 0.56.
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.
EG vs XLF: side by side
| EG (Everest Group) | XLF (Financial Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +11.3% | +9.3% |
| 5-year return | +57.2% | +64.2% |
| Volatility (ann.) | 22.2% | 16.2% |
| Beta vs S&P 500 | 0.28 | 0.84 |
| Max drawdown (3Y) | -23.8% | -15.5% |
| Market cap | $14.5B | – |
| P/E (trailing) | 8.0 | – |
| Dividend yield | 2.11% | 1.42% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $57.9B |
| Sector / category | Financials | 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 | EG | XLF |
|---|---|---|
| 2022 | +23.7% | -10.6% |
| 2023 | +8.7% | +12.0% |
| 2024 | +4.6% | +30.6% |
| 2025 | -5.3% | +14.9% |
| 2026 | +12.7% | +6.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that XLF holds EG at a 0.18% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are EG and XLF good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EG and XLF?
As of 2026-08-27, the correlation of weekly returns between EG and XLF is 0.39 over 3 years, 0.45 over 1 year and 0.47 over 5 years.
Is XLF a good diversifier for EG?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 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.
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Related comparisons
Hubs: EG correlations · XLF correlations
