RMD vs XLV: Correlation
ResMed (RMD) and Health Care Select Sector SPDR Fund (XLV) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RMD and XLV?
On 3 years of weekly data the RMD/XLV correlation comes out at 0.37, moderate. The relationship has been stable: the 1-year correlation (0.42) sits close to the 3-year figure. The 5-year figure is 0.47, and annualized covariance runs at 172.1 %².
Within RMD's tracked universe of 29 assets, XLV comes in at #18 by 3-year correlation. The last year tells two different stories: XLV led by 43.0 percentage points, -15.5% for RMD against +27.5% for XLV. On a rolling one-year basis the correlation drifted between 0.26 and 0.51, a moderate band. Risk is not evenly split, since RMD carries 2.1 times the volatility of the other side.
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.
RMD vs XLV: side by side
| RMD (ResMed) | XLV (Health Care Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -15.5% | +27.5% |
| 5-year return | -14.6% | +37.4% |
| Volatility (ann.) | 31.2% | 14.7% |
| Beta vs S&P 500 | 0.79 | 0.42 |
| Max drawdown (3Y) | -37.3% | -17.1% |
| Market cap | $34.0B | – |
| P/E (trailing) | 22.6 | – |
| Dividend yield | 1.02% | 1.56% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $41.7B |
| Sector / category | Health Care | Sector ETF |
On the fund side, XLV sits in the Health category at State Street Investment Management, with $41.7B under management, 61 holdings, a 0.08% expense ratio, a 1.56% trailing dividend yield.
Year-by-year returns
| Year | RMD | XLV |
|---|---|---|
| 2022 | -19.5% | -2.1% |
| 2023 | -16.5% | +2.1% |
| 2024 | +34.2% | +2.5% |
| 2025 | +6.3% | +14.5% |
| 2026 | -1.3% | +11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
RMD represents 0.55% of XLV's portfolio, so part of any move in XLV is RMD itself, and the correlation between them is partly mechanical.
Are RMD and XLV good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between RMD and XLV?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.42 over the last year and 0.47 over 5 years.
Is XLV a good diversifier for RMD?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rmd-vs-xlv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rmd-vs-xlv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RMD correlations · XLV correlations
