GDDY vs XLF: Correlation
Measured on weekly returns over the past three years, GoDaddy (GDDY) and Financial Select Sector SPDR Fund (XLF) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDDY and XLF?
On 3 years of weekly data the GDDY/XLF correlation comes out at 0.48, moderate. The link has loosened recently: the 1-year correlation (0.37) runs below the 3-year figure (0.48). The 5-year figure is 0.48, and annualized covariance runs at 262.4 %².
Within GDDY's tracked universe of 32 assets, XLF comes in at #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with XLF ahead by 43.7 points (-34.4% versus +9.3%). On a rolling one-year basis the correlation drifted between 0.38 and 0.64, a moderate band. Note the risk asymmetry: GDDY runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GDDY vs XLF: side by side
| GDDY (GoDaddy) | XLF (Financial Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -34.4% | +9.3% |
| 5-year return | +32.1% | +64.2% |
| Volatility (ann.) | 33.6% | 16.2% |
| Beta vs S&P 500 | 0.93 | 0.84 |
| Max drawdown (3Y) | -65.0% | -15.5% |
| Market cap | $12.3B | – |
| P/E (trailing) | 14.4 | – |
| Dividend yield | 0.00% | 1.42% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $57.9B |
| Sector / category | Information Technology | 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 | GDDY | XLF |
|---|---|---|
| 2022 | -11.8% | -10.6% |
| 2023 | +41.9% | +12.0% |
| 2024 | +85.9% | +30.6% |
| 2025 | -37.1% | +14.9% |
| 2026 | -21.8% | +6.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDDY and XLF good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GDDY and XLF?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.37 over the last year and 0.48 over 5 years.
Is XLF a good diversifier for GDDY?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
A reading of 0.48 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: GDDY correlations · XLF correlations
