HAS vs XLY: Correlation
How closely do Hasbro (HAS) and Consumer Discretionary Select Sector SPDR Fund (XLY) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAS and XLY?
Across a 3-year window, the weekly returns of HAS and XLY correlate at 0.31, moderate. The link has loosened recently: the 1-year correlation (0.15) runs below the 3-year figure (0.31). Stretching to 5 years gives 0.40, with an annualized covariance of 190.1 %².
Within HAS's tracked universe of 36 assets, XLY comes in at #25 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HAS outperformed by 19.3 percentage points (+19.2% for HAS against -0.1% for XLY). The relationship is regime-dependent: the rolling one-year correlation swung between 0.09 and 0.59 over the past three years, so this pair behaves very differently depending on the market environment. One caveat on sizing: HAS is 1.6 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.
HAS vs XLY: side by side
| HAS (Hasbro) | XLY (Consumer Discretionary Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +19.2% | -0.1% |
| 5-year return | +17.1% | +31.8% |
| Volatility (ann.) | 31.7% | 19.7% |
| Beta vs S&P 500 | 0.86 | 1.15 |
| Max drawdown (3Y) | -40.3% | -26.0% |
| Market cap | $13.3B | – |
| P/E (trailing) | 17.1 | – |
| Dividend yield | 2.91% | 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 | HAS | XLY |
|---|---|---|
| 2022 | -37.9% | -36.3% |
| 2023 | -11.9% | +39.6% |
| 2024 | +14.8% | +26.5% |
| 2025 | +52.5% | +7.4% |
| 2026 | +17.5% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
HAS represents 0.32% of XLY's portfolio, so part of any move in XLY is HAS itself, and the correlation between them is partly mechanical.
Are HAS and XLY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HAS and XLY?
The HAS/XLY correlation stands at 0.31 on a 3-year window (1 year: 0.15, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is XLY a good diversifier for HAS?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 mean?
A reading of 0.31 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: HAS correlations · XLY correlations
