LH vs XLRE: Correlation
Labcorp (LH) and Real Estate Select Sector SPDR Fund (XLRE) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LH and XLRE?
Across a 3-year window, the weekly returns of LH and XLRE correlate at 0.49, moderate. Little has changed lately, as the 1-year reading of 0.51 lands near the 3-year figure. Stretching to 5 years gives 0.57, with an annualized covariance of 176.8 %².
Among the 34 assets we track against LH, XLRE ranks #5 by 3-year correlation. On 12-month performance LH holds a 12.3-point edge, +21.8% against +9.5%. Across three years, the rolling one-year figure varied moderately, from 0.39 to 0.69.
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.
LH vs XLRE: side by side
| LH (Labcorp) | XLRE (Real Estate Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +21.8% | +9.5% |
| 5-year return | +36.0% | +11.4% |
| Volatility (ann.) | 21.4% | 16.7% |
| Beta vs S&P 500 | 0.33 | 0.57 |
| Max drawdown (3Y) | -17.4% | -16.6% |
| Market cap | $27.3B | – |
| P/E (trailing) | 27.8 | – |
| Dividend yield | 0.86% | 3.12% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $8.6B |
| Sector / category | Health Care | Sector ETF |
On the fund side, XLRE sits in the Real Estate category at State Street Investment Management, with $8.6B under management, 31 holdings, a 0.08% expense ratio, a 3.12% trailing dividend yield.
Year-by-year returns
| Year | LH | XLRE |
|---|---|---|
| 2022 | -24.4% | -26.2% |
| 2023 | +13.8% | +12.4% |
| 2024 | +2.2% | +5.1% |
| 2025 | +10.6% | +2.6% |
| 2026 | +34.8% | +12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LH and XLRE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LH and XLRE?
As of 2026-08-27, the correlation of weekly returns between LH and XLRE is 0.49 over 3 years, 0.51 over 1 year and 0.57 over 5 years.
Is XLRE a good diversifier for LH?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: LH correlations · XLRE correlations
