RVTY vs XLV: Correlation
How closely do Revvity (RVTY) and Health Care Select Sector SPDR Fund (XLV) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RVTY and XLV?
Across a 3-year window, the weekly returns of RVTY and XLV correlate at 0.54, moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. Stretching to 5 years gives 0.60, with an annualized covariance of 274.2 %².
By 3-year correlation, XLV places #14 of the 39 assets tracked against RVTY. Their recent paths diverged sharply: over the last 12 months RVTY outperformed by 19.3 percentage points (+46.8% for RVTY against +27.5% for XLV). On a rolling one-year basis the correlation drifted between 0.31 and 0.79, a moderate band. Risk is not evenly split, since RVTY carries 2.3 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.
RVTY vs XLV: side by side
| RVTY (Revvity) | XLV (Health Care Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +46.8% | +27.5% |
| 5-year return | -30.2% | +37.4% |
| Volatility (ann.) | 34.2% | 14.7% |
| Beta vs S&P 500 | 0.81 | 0.42 |
| Max drawdown (3Y) | -35.3% | -17.1% |
| Market cap | $14.5B | – |
| P/E (trailing) | 62.4 | – |
| Dividend yield | 0.22% | 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 | RVTY | XLV |
|---|---|---|
| 2022 | -30.1% | -2.1% |
| 2023 | -21.9% | +2.1% |
| 2024 | +2.4% | +2.5% |
| 2025 | -13.1% | +14.5% |
| 2026 | +34.3% | +11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that XLV holds RVTY at a 0.23% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are RVTY and XLV good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between RVTY and XLV?
The RVTY/XLV correlation stands at 0.54 on a 3-year window (1 year: 0.48, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is XLV a good diversifier for RVTY?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
A reading of 0.54 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rvty-vs-xlv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rvty-vs-xlv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RVTY correlations · XLV correlations
