SRAD vs XLF: Correlation
Measured on weekly returns over the past three years, Sportradar Group AG - Class A (SRAD) and Financial Select Sector SPDR Fund (XLF) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SRAD and XLF?
Over the past 3 years, SRAD and XLF moved with a correlation of 0.42, which is moderate. Recent behaviour matches the longer record: 0.36 over 1 year against 0.42 over 3. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 289.1 %².
By 3-year correlation, XLF places #5 of the 10 assets tracked against SRAD. Their recent paths diverged sharply: over the last 12 months XLF outperformed by 68.5 percentage points (-59.2% for SRAD against +9.3% for XLF). Note the risk asymmetry: SRAD runs 2.6 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.
SRAD vs XLF: side by side
| SRAD (Sportradar Group AG - Class A) | XLF (Financial Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -59.2% | +9.3% |
| 5-year return | -49.0% | +64.2% |
| Volatility (ann.) | 42.2% | 16.2% |
| Beta vs S&P 500 | 0.97 | 0.84 |
| Max drawdown (3Y) | -61.2% | -15.5% |
| Market cap | $3.8B | – |
| P/E (trailing) | 213.0 | – |
| Dividend yield | 0.00% | 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 | SRAD | XLF |
|---|---|---|
| 2022 | -43.3% | -10.6% |
| 2023 | +10.9% | +12.0% |
| 2024 | +56.9% | +30.6% |
| 2025 | +37.1% | +14.9% |
| 2026 | -46.2% | +6.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SRAD and XLF good diversifiers for each other?
Reasonably. At 0.42, SRAD and XLF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SRAD and XLF?
As of 2026-08-27, the correlation of weekly returns between SRAD and XLF is 0.42 over 3 years, 0.36 over 1 year and 0.48 over 5 years.
Is XLF a good diversifier for SRAD?
Reasonably. At 0.42, SRAD and XLF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 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.
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Related comparisons
Hubs: SRAD correlations · XLF correlations
