GPC vs XLY: Correlation
Measured on weekly returns over the past three years, Genuine Parts Company (GPC) and Consumer Discretionary Select Sector SPDR Fund (XLY) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPC and XLY?
On 3 years of weekly data the GPC/XLY correlation comes out at 0.31, moderate. Little has changed lately, as the 1-year reading of 0.28 lands near the 3-year figure. The 5-year figure is 0.41, and annualized covariance runs at 196.4 %².
By 3-year correlation, XLY places #23 of the 36 assets tracked against GPC. Their 12-month results are close: +1.3% for GPC against -0.1% for XLY. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.07 to 0.60. Note the risk asymmetry: GPC runs 1.6 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.
GPC vs XLY: side by side
| GPC (Genuine Parts Company) | XLY (Consumer Discretionary Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +1.3% | -0.1% |
| 5-year return | +27.6% | +31.8% |
| Volatility (ann.) | 31.9% | 19.7% |
| Beta vs S&P 500 | 0.66 | 1.15 |
| Max drawdown (3Y) | -39.7% | -26.0% |
| Market cap | $18.8B | – |
| P/E (trailing) | 546.8 | – |
| Dividend yield | 3.00% | 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 | GPC | XLY |
|---|---|---|
| 2022 | +26.8% | -36.3% |
| 2023 | -18.1% | +39.6% |
| 2024 | -13.2% | +26.5% |
| 2025 | +8.7% | +7.4% |
| 2026 | +13.4% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.48% of XLY is GPC itself, so the fund partly moves with the stock by construction.
Are GPC and XLY good diversifiers for each other?
Reasonably. At 0.31, GPC and XLY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GPC and XLY?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.28 over the last year and 0.41 over 5 years.
Is XLY a good diversifier for GPC?
Reasonably. At 0.31, GPC and XLY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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/gpc-vs-xly.json
Markdown for the live badge, attribution link included:
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Related comparisons
Hubs: GPC correlations · XLY correlations
