OMC vs XLF: Correlation
How closely do Omnicom Group (OMC) and Financial Select Sector SPDR Fund (XLF) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OMC and XLF?
Over the past 3 years, OMC and XLF moved with a correlation of 0.49, which is moderate. The link has loosened recently: the 1-year correlation (0.30) runs below the 3-year figure (0.49). Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 221.1 %².
Within OMC's tracked universe of 36 assets, XLF comes in at #15 by 3-year correlation. The trailing year gives OMC the advantage: +16.5% versus +9.3%, a 7.2-point spread. On a rolling one-year basis the correlation drifted between 0.31 and 0.70, a moderate band. Note the risk asymmetry: OMC runs 1.7 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.
OMC vs XLF: side by side
| OMC (Omnicom Group) | XLF (Financial Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +16.5% | +9.3% |
| 5-year return | +45.6% | +64.2% |
| Volatility (ann.) | 28.0% | 16.2% |
| Beta vs S&P 500 | 0.76 | 0.84 |
| Max drawdown (3Y) | -33.3% | -15.5% |
| Market cap | $24.1B | – |
| P/E (trailing) | 237.5 | – |
| Dividend yield | 3.53% | 1.42% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $57.9B |
| Sector / category | Communication Services | 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 | OMC | XLF |
|---|---|---|
| 2022 | +15.7% | -10.6% |
| 2023 | +9.6% | +12.0% |
| 2024 | +2.5% | +30.6% |
| 2025 | -2.6% | +14.9% |
| 2026 | +11.1% | +6.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OMC and XLF good diversifiers for each other?
Reasonably. At 0.49, OMC and XLF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between OMC and XLF?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.30 over the last year and 0.53 over 5 years.
Is XLF a good diversifier for OMC?
Reasonably. At 0.49, OMC and XLF keep a meaningful degree of independence, and combining them has historically reduced portfolio 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: OMC correlations · XLF correlations
