INTU vs XLU: Correlation
How closely do Intuit (INTU) and Utilities Select Sector SPDR Fund (XLU) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INTU and XLU?
Across a 3-year window, the weekly returns of INTU and XLU correlate at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.49) than the 3-year average (-0.25). Stretching to 5 years gives 0.04, with an annualized covariance of -143.7 %².
Within INTU's tracked universe of 45 assets, XLU comes in at #34 by 3-year correlation. Correlation aside, the last 12 months split them widely, with XLU ahead by 51.0 points (-46.9% versus +4.1%). This link changes with the market regime, having swung between -0.49 and 0.33 on a rolling one-year basis. Note the risk asymmetry: INTU runs 2.3 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.
INTU vs XLU: side by side
| INTU (Intuit) | XLU (Utilities Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -46.9% | +4.1% |
| 5-year return | -36.2% | +46.3% |
| Volatility (ann.) | 36.2% | 15.8% |
| Beta vs S&P 500 | 0.70 | 0.26 |
| Max drawdown (3Y) | -68.2% | -13.1% |
| Market cap | $95.2B | – |
| P/E (trailing) | 21.0 | – |
| Dividend yield | 1.39% | 2.70% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $23.1B |
| Sector / category | Information Technology | Sector ETF |
XLU is an Utilities fund from State Street Investment Management: $23.1B under management, 31 holdings, a 0.08% expense ratio, a 2.70% trailing dividend yield.
Year-by-year returns
| Year | INTU | XLU |
|---|---|---|
| 2022 | -39.1% | +1.4% |
| 2023 | +61.8% | -7.2% |
| 2024 | +1.2% | +23.3% |
| 2025 | +6.1% | +16.0% |
| 2026 | -47.0% | +2.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INTU and XLU good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between INTU and XLU?
The INTU/XLU correlation stands at -0.25 on a 3-year window (1 year: -0.49, 5 years: 0.04), computed from weekly returns as of 2026-08-27.
Is XLU a good diversifier for INTU?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
A reading of -0.25 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/intu-vs-xlu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/intu-vs-xlu/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INTU correlations · XLU correlations
