RPT vs XLC: Correlation
How closely do Rithm Property Trust Inc. (RPT) and Communication Services Select Sector SPDR Fund (XLC) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RPT and XLC?
On 3 years of weekly data the RPT/XLC correlation comes out at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.33 lands near the 3-year figure. The 5-year figure is 0.39, and annualized covariance runs at 264.4 %².
In RPT's tracked universe of 13 assets, XLC sits right near the top at #2. Over the last 12 months XLC came out ahead by 8.6 percentage points (-7.1% against +1.5%). Risk is not evenly split, since RPT carries 2.6 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.
RPT vs XLC: side by side
| RPT (Rithm Property Trust Inc.) | XLC (Communication Services Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -7.1% | +1.5% |
| 5-year return | -69.9% | +37.5% |
| Volatility (ann.) | 40.9% | 16.0% |
| Beta vs S&P 500 | 0.96 | 0.90 |
| Max drawdown (3Y) | -64.6% | -18.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 10.99% | 1.32% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $21.7B |
| Sector / category | US Listed | Sector ETF |
On the fund side, XLC sits in the Communications category at State Street Investment Management, with $21.7B under management, 24 holdings, a 0.08% expense ratio, a 1.32% trailing dividend yield.
Year-by-year returns
| Year | RPT | XLC |
|---|---|---|
| 2022 | -35.2% | -37.6% |
| 2023 | -9.5% | +52.8% |
| 2024 | -39.4% | +34.7% |
| 2025 | +1.5% | +23.1% |
| 2026 | -15.3% | -4.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RPT and XLC good diversifiers for each other?
Reasonably. At 0.41, RPT and XLC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between RPT and XLC?
As of 2026-08-27, the correlation of weekly returns between RPT and XLC is 0.41 over 3 years, 0.33 over 1 year and 0.39 over 5 years.
Is XLC a good diversifier for RPT?
Reasonably. At 0.41, RPT and XLC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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
$ curl https://www.pairbook.io/api/v1/pairs/rpt-vs-xlc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rpt-vs-xlc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RPT correlations · XLC correlations
