IDR vs XLE: Correlation
Idaho Strategic Resources, Inc. (IDR) and Energy Select Sector SPDR Fund (XLE) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IDR and XLE?
Over the past 3 years, IDR and XLE moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.48) runs below the 3-year figure (-0.20). Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -334.2 %².
Within IDR's tracked universe of 18 assets, XLE comes in at #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with XLE ahead by 17.7 points (+26.3% versus +44.0%). Risk is not evenly split, since IDR carries 3.2 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.
IDR vs XLE: side by side
| IDR (Idaho Strategic Resources, Inc.) | XLE (Energy Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +26.3% | +44.0% |
| 5-year return | +702.8% | +206.7% |
| Volatility (ann.) | 73.6% | 23.1% |
| Beta vs S&P 500 | 0.68 | 0.27 |
| Max drawdown (3Y) | -50.0% | -20.1% |
| Market cap | $0.5B | – |
| P/E (trailing) | 22.6 | – |
| Dividend yield | 0.00% | 2.55% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $39.2B |
| Sector / category | US Listed | Sector ETF |
XLE is an Equity Energy fund from State Street Investment Management: $39.2B under management, 22 holdings, a 0.08% expense ratio, a 2.55% trailing dividend yield.
Year-by-year returns
| Year | IDR | XLE |
|---|---|---|
| 2022 | -23.4% | +64.3% |
| 2023 | +11.1% | -0.6% |
| 2024 | +61.0% | +5.6% |
| 2025 | +295.5% | +7.9% |
| 2026 | -16.1% | +41.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IDR and XLE good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between IDR and XLE?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.48 over the last year and -0.06 over 5 years.
Is XLE a good diversifier for IDR?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
A reading of -0.20 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
$ curl https://www.pairbook.io/api/v1/pairs/idr-vs-xle.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/idr-vs-xle/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IDR correlations · XLE correlations
