OMH vs XLY: Correlation
How closely do Ohmyhome Limited - Class A (OMH) and Consumer Discretionary Select Sector SPDR Fund (XLY) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OMH and XLY?
Over the past 3 years, OMH and XLY moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.17 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1525.8 %².
By 3-year correlation, XLY places #24 of the 72 assets tracked against OMH. Their recent paths diverged sharply: over the last 12 months XLY outperformed by 93.5 percentage points (-93.6% for OMH against -0.1% for XLY). One caveat on sizing: OMH is 22.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 XLY: side by side
| OMH (Ohmyhome Limited - Class A) | XLY (Consumer Discretionary Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -93.6% | -0.1% |
| 5-year return | n/a | +31.8% |
| Volatility (ann.) | 448.2% | 19.7% |
| Beta vs S&P 500 | -3.85 | 1.15 |
| Max drawdown (3Y) | -97.9% | -26.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.78% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $22.5B |
| Sector / category | US Listed | 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 | OMH | XLY |
|---|---|---|
| 2022 | – | -36.3% |
| 2023 | – | +39.6% |
| 2024 | -73.9% | +26.5% |
| 2025 | +102.0% | +7.4% |
| 2026 | -90.6% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OMH and XLY good diversifiers for each other?
Yes. With a correlation of -0.17, OMH and XLY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between OMH and XLY?
The OMH/XLY correlation stands at -0.17 on a 3-year window (1 year: -0.26, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is XLY a good diversifier for OMH?
Yes. With a correlation of -0.17, OMH and XLY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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.
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Related comparisons
Hubs: OMH correlations · XLY correlations
