ROL vs XLI: Correlation
How closely do Rollins, Inc. (ROL) and Industrial Select Sector SPDR Fund (XLI) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ROL and XLI?
Over the past 3 years, ROL and XLI moved with a correlation of 0.29, which is weak. Lately the two have drifted apart, with the 1-year correlation at 0.11 versus 0.29 over 3 years. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 106.7 %².
By 3-year correlation, XLI places #19 of the 33 assets tracked against ROL. Correlation aside, the last 12 months split them widely, with XLI ahead by 54.0 points (-35.7% versus +18.3%). On a rolling one-year basis the correlation drifted between 0.16 and 0.58, a moderate band.
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.
ROL vs XLI: side by side
| ROL (Rollins, Inc.) | XLI (Industrial Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -35.7% | +18.3% |
| 5-year return | -1.8% | +84.0% |
| Volatility (ann.) | 23.2% | 15.7% |
| Beta vs S&P 500 | 0.51 | 0.89 |
| Max drawdown (3Y) | -44.6% | -18.5% |
| Market cap | $17.3B | – |
| P/E (trailing) | 32.7 | – |
| Dividend yield | 1.94% | 1.15% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $32.9B |
| Sector / category | Industrials | Sector ETF |
XLI is an Industrials fund from State Street Investment Management: $32.9B under management, 83 holdings, a 0.08% expense ratio, a 1.15% trailing dividend yield.
Year-by-year returns
| Year | ROL | XLI |
|---|---|---|
| 2022 | +8.1% | -5.6% |
| 2023 | +21.2% | +18.1% |
| 2024 | +7.6% | +17.3% |
| 2025 | +31.1% | +19.3% |
| 2026 | -39.4% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
ROL represents 0.19% of XLI's portfolio, so part of any move in XLI is ROL itself, and the correlation between them is partly mechanical.
Are ROL and XLI good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ROL and XLI?
The ROL/XLI correlation stands at 0.29 on a 3-year window (1 year: 0.11, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is XLI a good diversifier for ROL?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.29 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/rol-vs-xli.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rol-vs-xli/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ROL correlations · XLI correlations
