MAR vs XLY: Correlation
Measured on weekly returns over the past three years, Marriott International (MAR) and Consumer Discretionary Select Sector SPDR Fund (XLY) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAR and XLY?
Across a 3-year window, the weekly returns of MAR and XLY correlate at 0.52, moderate. The link has loosened recently: the 1-year correlation (0.18) runs below the 3-year figure (0.52). Stretching to 5 years gives 0.60, with an annualized covariance of 254.1 %².
By 3-year correlation, XLY places #18 of the 40 assets tracked against MAR. Their recent paths diverged sharply: over the last 12 months MAR outperformed by 32.4 percentage points (+32.3% for MAR against -0.1% for XLY). This link changes with the market regime, having swung between 0.19 and 0.76 on a rolling one-year basis.
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.
MAR vs XLY: side by side
| MAR (Marriott International) | XLY (Consumer Discretionary Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +32.3% | -0.1% |
| 5-year return | +173.2% | +31.8% |
| Volatility (ann.) | 24.6% | 19.7% |
| Beta vs S&P 500 | 0.97 | 1.15 |
| Max drawdown (3Y) | -30.5% | -26.0% |
| Market cap | $92.3B | – |
| P/E (trailing) | 36.7 | – |
| Dividend yield | 0.76% | 0.78% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $22.5B |
| Sector / category | Consumer Discretionary | Sector ETF |
XLY is a Consumer Cyclical fund from State Street Investment Management: $22.5B under management, 47 holdings, a 0.08% expense ratio, a 0.78% trailing dividend yield.
Year-by-year returns
| Year | MAR | XLY |
|---|---|---|
| 2022 | -9.3% | -36.3% |
| 2023 | +53.1% | +39.6% |
| 2024 | +24.9% | +26.5% |
| 2025 | +12.3% | +7.4% |
| 2026 | +14.7% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 1.96% of XLY is MAR itself, so the fund partly moves with the stock by construction.
Are MAR and XLY good diversifiers for each other?
Only partially. A correlation of 0.52 means MAR and XLY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between MAR and XLY?
The MAR/XLY correlation stands at 0.52 on a 3-year window (1 year: 0.18, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is XLY a good diversifier for MAR?
Only partially. A correlation of 0.52 means MAR and XLY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
A reading of 0.52 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/mar-vs-xly.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mar-vs-xly/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MAR correlations · XLY correlations
