LANV vs XLI: Correlation
How closely do Lanvin Group Holdings Limited (LANV) and Industrial Select Sector SPDR Fund (XLI) trade together? Their weekly returns over three years give a correlation of -0.15, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LANV and XLI?
Over the past 3 years, LANV and XLI moved with a correlation of -0.15, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.08 lands near the 3-year figure. Over 5 years the correlation is -0.10, and the annualized covariance of weekly returns is -167.4 %².
Among the 52 assets we track against LANV, XLI ranks #15 by 3-year correlation. The last year tells two different stories: XLI led by 68.8 percentage points, -50.5% for LANV against +18.3% for XLI. Note the risk asymmetry: LANV runs 4.4 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.
LANV vs XLI: side by side
| LANV (Lanvin Group Holdings Limited) | XLI (Industrial Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -50.5% | +18.3% |
| 5-year return | -89.7% | +84.0% |
| Volatility (ann.) | 69.7% | 15.7% |
| Beta vs S&P 500 | -0.15 | 0.89 |
| Max drawdown (3Y) | -78.6% | -18.5% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.15% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $32.9B |
| Sector / category | US Listed | Sector ETF |
XLI is an Industrials fund from State Street Investment Management: $32.9B under management, 83 holdings, a 0.08% expense ratio, a 1.15% trailing dividend yield.
Year-by-year returns
| Year | LANV | XLI |
|---|---|---|
| 2022 | -6.1% | -5.6% |
| 2023 | -67.7% | +18.1% |
| 2024 | -31.9% | +17.3% |
| 2025 | +0.0% | +19.3% |
| 2026 | -50.2% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LANV and XLI good diversifiers for each other?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LANV and XLI?
Using weekly returns as of 2026-08-27: -0.15 over 3 years, with -0.08 over the last year and -0.10 over 5 years.
Is XLI a good diversifier for LANV?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.15 mean?
On the −1 to +1 scale, -0.15 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/lanv-vs-xli.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lanv-vs-xli/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LANV correlations · XLI correlations
