TPR vs XLY: Correlation
Measured on weekly returns over the past three years, Tapestry, Inc. (TPR) and Consumer Discretionary Select Sector SPDR Fund (XLY) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TPR and XLY?
Over the past 3 years, TPR and XLY moved with a correlation of 0.44, which is moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.44 over 3. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 325.1 %².
Within TPR's tracked universe of 36 assets, XLY comes in at #19 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TPR outperformed by 23.7 percentage points (+23.6% for TPR against -0.1% for XLY). On a rolling one-year basis the correlation drifted between 0.29 and 0.61, a moderate band. Risk is not evenly split, since TPR carries 1.9 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.
TPR vs XLY: side by side
| TPR (Tapestry, Inc.) | XLY (Consumer Discretionary Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +23.6% | -0.1% |
| 5-year return | +240.1% | +31.8% |
| Volatility (ann.) | 37.8% | 19.7% |
| Beta vs S&P 500 | 1.05 | 1.15 |
| Max drawdown (3Y) | -31.8% | -26.0% |
| Market cap | $24.6B | – |
| P/E (trailing) | 17.9 | – |
| Dividend yield | 1.23% | 0.78% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $22.5B |
| Sector / category | Consumer Discretionary | Sector ETF |
XLY is a Consumer Cyclical fund from State Street Investment Management: $22.5B under management, 47 holdings, a 0.08% expense ratio, a 0.78% trailing dividend yield.
Year-by-year returns
| Year | TPR | XLY |
|---|---|---|
| 2022 | -3.3% | -36.3% |
| 2023 | +0.2% | +39.6% |
| 2024 | +82.8% | +26.5% |
| 2025 | +98.7% | +7.4% |
| 2026 | -3.0% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
TPR represents 0.66% of XLY's portfolio, so part of any move in XLY is TPR itself, and the correlation between them is partly mechanical.
Are TPR and XLY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between TPR and XLY?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.38 over the last year and 0.51 over 5 years.
Is XLY a good diversifier for TPR?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 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/tpr-vs-xly.json
Markdown for the live badge, attribution link included:
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Related comparisons
Hubs: TPR correlations · XLY correlations
