EXPE vs XLF: Correlation
How closely do Expedia Group (EXPE) and Financial Select Sector SPDR Fund (XLF) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXPE and XLF?
Across a 3-year window, the weekly returns of EXPE and XLF correlate at 0.52, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.38 versus 0.52 over 3 years. Stretching to 5 years gives 0.54, with an annualized covariance of 361.2 %².
Within EXPE's tracked universe of 33 assets, XLF comes in at #7 by 3-year correlation. The last year tells two different stories: EXPE led by 42.2 percentage points, +51.5% for EXPE against +9.3% for XLF. Across three years, the rolling one-year figure varied moderately, from 0.38 to 0.72. One caveat on sizing: EXPE is 2.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
EXPE vs XLF: side by side
| EXPE (Expedia Group) | XLF (Financial Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +51.5% | +9.3% |
| 5-year return | +123.9% | +64.2% |
| Volatility (ann.) | 42.7% | 16.2% |
| Beta vs S&P 500 | 1.33 | 0.84 |
| Max drawdown (3Y) | -37.4% | -15.5% |
| Market cap | $38.3B | – |
| P/E (trailing) | 21.0 | – |
| Dividend yield | 0.53% | 1.42% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $57.9B |
| Sector / category | Consumer Discretionary | 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 | EXPE | XLF |
|---|---|---|
| 2022 | -51.5% | -10.6% |
| 2023 | +73.3% | +12.0% |
| 2024 | +22.8% | +30.6% |
| 2025 | +53.3% | +14.9% |
| 2026 | +13.1% | +6.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXPE and XLF 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 EXPE and XLF?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.38 over the last year and 0.54 over 5 years.
Is XLF a good diversifier for EXPE?
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?
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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Related comparisons
Hubs: EXPE correlations · XLF correlations
