EXPE vs XLY: Correlation
How closely do Expedia Group (EXPE) and Consumer Discretionary Select Sector SPDR Fund (XLY) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXPE and XLY?
Over the past 3 years, EXPE and XLY moved with a correlation of 0.49, which is moderate. The link has loosened recently: the 1-year correlation (0.38) runs below the 3-year figure (0.49). Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 411.6 %².
Among the 33 assets we track against EXPE, XLY ranks #16 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EXPE ahead by 51.6 points (+51.5% versus -0.1%). Across three years, the rolling one-year figure varied moderately, from 0.33 to 0.74. Risk is not evenly split, since EXPE carries 2.2 times the volatility of the other side.
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 XLY: side by side
| EXPE (Expedia Group) | XLY (Consumer Discretionary Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +51.5% | -0.1% |
| 5-year return | +123.9% | +31.8% |
| Volatility (ann.) | 42.7% | 19.7% |
| Beta vs S&P 500 | 1.33 | 1.15 |
| Max drawdown (3Y) | -37.4% | -26.0% |
| Market cap | $38.3B | – |
| P/E (trailing) | 21.0 | – |
| Dividend yield | 0.53% | 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 | EXPE | XLY |
|---|---|---|
| 2022 | -51.5% | -36.3% |
| 2023 | +73.3% | +39.6% |
| 2024 | +22.8% | +26.5% |
| 2025 | +53.3% | +7.4% |
| 2026 | +13.1% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
EXPE represents 0.95% of XLY's portfolio, so part of any move in XLY is EXPE itself, and the correlation between them is partly mechanical.
Are EXPE and XLY good diversifiers for each other?
Reasonably. At 0.49, EXPE and XLY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EXPE and XLY?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.38 over the last year and 0.57 over 5 years.
Is XLY a good diversifier for EXPE?
Reasonably. At 0.49, EXPE and XLY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/expe-vs-xly.json
Markdown for the live badge, attribution link included:
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Related comparisons
Hubs: EXPE correlations · XLY correlations
