RPC vs XLF: Correlation
How closely do Ridgepost Capital, Inc. (RPC) and Financial Select Sector SPDR Fund (XLF) trade together? Their weekly returns over three years give a correlation of 0.61, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RPC and XLF?
On 3 years of weekly data the RPC/XLF correlation comes out at 0.61, strong. Recent behaviour matches the longer record: 0.57 over 1 year against 0.61 over 3. The 5-year figure is 0.51, and annualized covariance runs at 374.8 %².
Few assets follow RPC as closely as XLF, which ranks #2 of 12 tracked partners. The last year tells two different stories: XLF led by 38.1 percentage points, -28.8% for RPC against +9.3% for XLF. Note the risk asymmetry: RPC runs 2.4 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.
RPC vs XLF: side by side
| RPC (Ridgepost Capital, Inc.) | XLF (Financial Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -28.8% | +9.3% |
| 5-year return | -23.6% | +64.2% |
| Volatility (ann.) | 38.1% | 16.2% |
| Beta vs S&P 500 | 1.41 | 0.84 |
| Max drawdown (3Y) | -50.2% | -15.5% |
| Market cap | $1.0B | – |
| P/E (trailing) | 36.3 | – |
| Dividend yield | 1.70% | 1.42% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $57.9B |
| Sector / category | US Listed | 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 | RPC | XLF |
|---|---|---|
| 2022 | -23.1% | -10.6% |
| 2023 | -3.0% | +12.0% |
| 2024 | +25.2% | +30.6% |
| 2025 | -21.2% | +14.9% |
| 2026 | -10.4% | +6.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RPC and XLF good diversifiers for each other?
Only partially. A correlation of 0.61 means RPC and XLF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between RPC and XLF?
As of 2026-08-27, the correlation of weekly returns between RPC and XLF is 0.61 over 3 years, 0.57 over 1 year and 0.51 over 5 years.
Is XLF a good diversifier for RPC?
Only partially. A correlation of 0.61 means RPC and XLF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.61 mean?
A reading of 0.61 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: RPC correlations · XLF correlations
