KMPR vs XLF: Correlation
Measured on weekly returns over the past three years, Kemper Corporation (KMPR) and Financial Select Sector SPDR Fund (XLF) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KMPR and XLF?
Across a 3-year window, the weekly returns of KMPR and XLF correlate at 0.46, moderate. The link has loosened recently: the 1-year correlation (0.35) runs below the 3-year figure (0.46). Stretching to 5 years gives 0.49, with an annualized covariance of 238.0 %².
By 3-year correlation, XLF places #5 of the 14 assets tracked against KMPR. Their recent paths diverged sharply: over the last 12 months XLF outperformed by 55.5 percentage points (-46.2% for KMPR against +9.3% for XLF). Note the risk asymmetry: KMPR runs 2.0 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.
KMPR vs XLF: side by side
| KMPR (Kemper Corporation) | XLF (Financial Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -46.2% | +9.3% |
| 5-year return | -53.7% | +64.2% |
| Volatility (ann.) | 32.1% | 16.2% |
| Beta vs S&P 500 | 0.61 | 0.84 |
| Max drawdown (3Y) | -66.8% | -15.5% |
| Market cap | $1.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 4.51% | 1.42% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $57.9B |
| Sector / category | US Listed | Sector ETF |
XLF is a Financial fund from State Street Investment Management: $57.9B under management, 77 holdings, a 0.08% expense ratio, a 1.42% trailing dividend yield.
Year-by-year returns
| Year | KMPR | XLF |
|---|---|---|
| 2022 | -14.2% | -10.6% |
| 2023 | +1.5% | +12.0% |
| 2024 | +39.2% | +30.6% |
| 2025 | -37.5% | +14.9% |
| 2026 | -29.5% | +6.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KMPR and XLF good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KMPR and XLF?
As of 2026-08-27, the correlation of weekly returns between KMPR and XLF is 0.46 over 3 years, 0.35 over 1 year and 0.49 over 5 years.
Is XLF a good diversifier for KMPR?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
A reading of 0.46 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: KMPR correlations · XLF correlations
