UUU vs XLI: Correlation
How closely do Universal Safety Products, Inc. (UUU) and Industrial Select Sector SPDR Fund (XLI) trade together? Their weekly returns over three years give a correlation of -0.14, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UUU and XLI?
Across a 3-year window, the weekly returns of UUU and XLI correlate at -0.14, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.21 over 1 year against -0.14 over 3. Stretching to 5 years gives -0.01, with an annualized covariance of -263.8 %².
Among the 25 assets we track against UUU, XLI ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months UUU outperformed by 65.8 percentage points (+84.1% for UUU against +18.3% for XLI). Risk is not evenly split, since UUU carries 7.8 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.
UUU vs XLI: side by side
| UUU (Universal Safety Products, Inc.) | XLI (Industrial Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +84.1% | +18.3% |
| 5-year return | +5.9% | +84.0% |
| Volatility (ann.) | 122.8% | 15.7% |
| Beta vs S&P 500 | -0.54 | 0.89 |
| Max drawdown (3Y) | -77.3% | -18.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.15% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $32.9B |
| Sector / category | US Listed | Sector ETF |
XLI is an Industrials fund from State Street Investment Management: $32.9B under management, 83 holdings, a 0.08% expense ratio, a 1.15% trailing dividend yield.
Year-by-year returns
| Year | UUU | XLI |
|---|---|---|
| 2022 | -40.3% | -5.6% |
| 2023 | -18.2% | +18.1% |
| 2024 | +42.8% | +17.3% |
| 2025 | +158.6% | +19.3% |
| 2026 | +2.1% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UUU and XLI good diversifiers for each other?
Yes. With a correlation of -0.14, UUU and XLI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between UUU and XLI?
Using weekly returns as of 2026-08-27: -0.14 over 3 years, with -0.21 over the last year and -0.01 over 5 years.
Is XLI a good diversifier for UUU?
Yes. With a correlation of -0.14, UUU and XLI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.14 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/uuu-vs-xli.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/uuu-vs-xli/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: UUU correlations · XLI correlations
