TCRT vs XLF: Correlation
How closely do Alaunos Therapeutics, Inc. (TCRT) and Financial Select Sector SPDR Fund (XLF) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TCRT and XLF?
On 3 years of weekly data the TCRT/XLF correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.12 lands near the 3-year figure. The 5-year figure is -0.03, and annualized covariance runs at -356.8 %².
Within TCRT's tracked universe of 131 assets, XLF comes in at #44 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months XLF outperformed by 21.5 percentage points (-12.2% for TCRT against +9.3% for XLF). Risk is not evenly split, since TCRT carries 7.5 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.
TCRT vs XLF: side by side
| TCRT (Alaunos Therapeutics, Inc.) | XLF (Financial Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -12.2% | +9.3% |
| 5-year return | -99.3% | +64.2% |
| Volatility (ann.) | 121.9% | 16.2% |
| Beta vs S&P 500 | -1.11 | 0.84 |
| Max drawdown (3Y) | -95.0% | -15.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| 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 | TCRT | XLF |
|---|---|---|
| 2022 | -40.4% | -10.6% |
| 2023 | -89.2% | +12.0% |
| 2024 | -81.8% | +30.6% |
| 2025 | +69.1% | +14.9% |
| 2026 | -48.6% | +6.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TCRT and XLF good diversifiers for each other?
Yes. With a correlation of -0.18, TCRT and XLF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between TCRT and XLF?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.12 over the last year and -0.03 over 5 years.
Is XLF a good diversifier for TCRT?
Yes. With a correlation of -0.18, TCRT and XLF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
A reading of -0.18 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: TCRT correlations · XLF correlations
