F vs XLY: Correlation
Measured on weekly returns over the past three years, Ford Motor Company (F) and Consumer Discretionary Select Sector SPDR Fund (XLY) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are F and XLY?
Over the past 3 years, F and XLY moved with a correlation of 0.45, which is moderate. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 320.6 %².
Among the 35 assets we track against F, XLY ranks #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months F outperformed by 22.7 percentage points (+22.6% for F against -0.1% for XLY). The rolling one-year correlation moved between 0.38 and 0.67 over the past three years, a moderate range. One caveat on sizing: F is 1.8 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.
F vs XLY: side by side
| F (Ford Motor Company) | XLY (Consumer Discretionary Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +22.6% | -0.1% |
| 5-year return | +45.8% | +31.8% |
| Volatility (ann.) | 36.1% | 19.7% |
| Beta vs S&P 500 | 1.06 | 1.15 |
| Max drawdown (3Y) | -36.5% | -26.0% |
| Market cap | $55.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 4.32% | 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 | F | XLY |
|---|---|---|
| 2022 | -42.2% | -36.3% |
| 2023 | +15.8% | +39.6% |
| 2024 | -13.1% | +26.5% |
| 2025 | +42.3% | +7.4% |
| 2026 | +10.0% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
F represents 1.36% of XLY's portfolio, so part of any move in XLY is F itself, and the correlation between them is partly mechanical.
Are F and XLY good diversifiers for each other?
Reasonably. At 0.45, F and XLY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between F and XLY?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.37 over the last year and 0.56 over 5 years.
Is XLY a good diversifier for F?
Reasonably. At 0.45, F and XLY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 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/f-vs-xly.json
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Related comparisons
Hubs: F correlations · XLY correlations
