GM vs XLY: Correlation
General Motors (GM) and Consumer Discretionary Select Sector SPDR Fund (XLY) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GM and XLY?
Across a 3-year window, the weekly returns of GM and XLY correlate at 0.48, moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Stretching to 5 years gives 0.59, with an annualized covariance of 304.1 %².
Within GM's tracked universe of 35 assets, XLY comes in at #16 by 3-year correlation. The last year tells two different stories: GM led by 48.1 percentage points, +48.0% for GM against -0.1% for XLY. Across three years, the rolling one-year figure varied moderately, from 0.41 to 0.74. Risk is not evenly split, since GM carries 1.6 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.
GM vs XLY: side by side
| GM (General Motors) | XLY (Consumer Discretionary Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +48.0% | -0.1% |
| 5-year return | +82.5% | +31.8% |
| Volatility (ann.) | 32.2% | 19.7% |
| Beta vs S&P 500 | 0.98 | 1.15 |
| Max drawdown (3Y) | -29.1% | -26.0% |
| Market cap | $77.9B | – |
| P/E (trailing) | 38.6 | – |
| Dividend yield | 0.76% | 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 | GM | XLY |
|---|---|---|
| 2022 | -42.4% | -36.3% |
| 2023 | +7.9% | +39.6% |
| 2024 | +49.8% | +26.5% |
| 2025 | +54.2% | +7.4% |
| 2026 | +6.5% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that XLY holds GM at a 1.94% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are GM and XLY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GM and XLY?
The GM/XLY correlation stands at 0.48 on a 3-year window (1 year: 0.43, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is XLY a good diversifier for GM?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 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/gm-vs-xly.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gm-vs-xly/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GM correlations · XLY correlations
