OMH vs XLP: Correlation
Ohmyhome Limited - Class A (OMH) and Consumer Staples Select Sector SPDR Fund (XLP) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OMH and XLP?
Across a 3-year window, the weekly returns of OMH and XLP correlate at -0.21, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.02) runs above the 3-year figure (-0.21). Stretching to 5 years gives n/a, with an annualized covariance of -1037.9 %².
By 3-year correlation, XLP places #39 of the 72 assets tracked against OMH. Correlation aside, the last 12 months split them widely, with XLP ahead by 101.9 points (-93.6% versus +8.3%). Note the risk asymmetry: OMH runs 40.4 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.
OMH vs XLP: side by side
| OMH (Ohmyhome Limited - Class A) | XLP (Consumer Staples Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -93.6% | +8.3% |
| 5-year return | n/a | +34.7% |
| Volatility (ann.) | 448.2% | 11.1% |
| Beta vs S&P 500 | -3.85 | 0.23 |
| Max drawdown (3Y) | -97.9% | -9.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.58% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $14.6B |
| Sector / category | US Listed | Sector ETF |
On the fund side, XLP sits in the Consumer Defensive category at State Street Investment Management, with $14.6B under management, 35 holdings, a 0.08% expense ratio, a 2.58% trailing dividend yield.
Year-by-year returns
| Year | OMH | XLP |
|---|---|---|
| 2022 | – | -0.8% |
| 2023 | – | -0.8% |
| 2024 | -73.9% | +12.2% |
| 2025 | +102.0% | +1.5% |
| 2026 | -90.6% | +10.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OMH and XLP good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between OMH and XLP?
The OMH/XLP correlation stands at -0.21 on a 3-year window (1 year: -0.02, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is XLP a good diversifier for OMH?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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
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Related comparisons
Hubs: OMH correlations · XLP correlations
