TRMB vs XLY: Correlation
Trimble Inc. (TRMB) and Consumer Discretionary Select Sector SPDR Fund (XLY) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TRMB and XLY?
Across a 3-year window, the weekly returns of TRMB and XLY correlate at 0.55, moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. Stretching to 5 years gives 0.65, with an annualized covariance of 336.5 %².
By 3-year correlation, XLY places #15 of the 43 assets tracked against TRMB. The last year tells two different stories: XLY led by 25.0 percentage points, -25.1% for TRMB against -0.1% for XLY. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.29 to 0.82. Note the risk asymmetry: TRMB runs 1.6 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.
TRMB vs XLY: side by side
| TRMB (Trimble Inc.) | XLY (Consumer Discretionary Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -25.1% | -0.1% |
| 5-year return | -35.7% | +31.8% |
| Volatility (ann.) | 30.9% | 19.7% |
| Beta vs S&P 500 | 1.13 | 1.15 |
| Max drawdown (3Y) | -42.7% | -26.0% |
| Market cap | $14.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.78% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $22.5B |
| Sector / category | Information Technology | 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 | TRMB | XLY |
|---|---|---|
| 2022 | -42.0% | -36.3% |
| 2023 | +5.2% | +39.6% |
| 2024 | +32.8% | +26.5% |
| 2025 | +10.9% | +7.4% |
| 2026 | -21.5% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TRMB and XLY good diversifiers for each other?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between TRMB and XLY?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.52 over the last year and 0.65 over 5 years.
Is XLY a good diversifier for TRMB?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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/trmb-vs-xly.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/trmb-vs-xly/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TRMB correlations · XLY correlations
