TTWO vs XLC: Correlation
Take-Two Interactive (TTWO) and Communication Services Select Sector SPDR Fund (XLC) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TTWO and XLC?
On 3 years of weekly data the TTWO/XLC correlation comes out at 0.48, moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.48 over 3. The 5-year figure is 0.43, and annualized covariance runs at 207.4 %².
Few assets follow TTWO as closely as XLC, which ranks #3 of 33 tracked partners. Their 12-month results are close: +0.4% for TTWO against +1.5% for XLC. Across three years, the rolling one-year figure varied moderately, from 0.32 to 0.63. One caveat on sizing: TTWO is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
TTWO vs XLC: side by side
| TTWO (Take-Two Interactive) | XLC (Communication Services Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +0.4% | +1.5% |
| 5-year return | +47.3% | +37.5% |
| Volatility (ann.) | 27.3% | 16.0% |
| Beta vs S&P 500 | 0.85 | 0.90 |
| Max drawdown (3Y) | -27.7% | -18.0% |
| Market cap | $43.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.32% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $21.7B |
| Sector / category | Communication Services | Sector ETF |
On the fund side, XLC sits in the Communications category at State Street Investment Management, with $21.7B under management, 24 holdings, a 0.08% expense ratio, a 1.32% trailing dividend yield.
Year-by-year returns
| Year | TTWO | XLC |
|---|---|---|
| 2022 | -41.4% | -37.6% |
| 2023 | +54.6% | +52.8% |
| 2024 | +14.4% | +34.7% |
| 2025 | +39.1% | +23.1% |
| 2026 | -9.0% | -4.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that XLC holds TTWO at a 4.14% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are TTWO and XLC good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between TTWO and XLC?
The TTWO/XLC correlation stands at 0.48 on a 3-year window (1 year: 0.45, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is XLC a good diversifier for TTWO?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
A reading of 0.48 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/ttwo-vs-xlc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ttwo-vs-xlc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TTWO correlations · XLC correlations
