VRSN vs XLC: Correlation
Measured on weekly returns over the past three years, Verisign (VRSN) and Communication Services Select Sector SPDR Fund (XLC) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VRSN and XLC?
On 3 years of weekly data the VRSN/XLC correlation comes out at 0.37, moderate. The relationship has been stable: the 1-year correlation (0.29) sits close to the 3-year figure. The 5-year figure is 0.50, and annualized covariance runs at 134.6 %².
Among the 29 assets we track against VRSN, XLC ranks #14 by 3-year correlation. The trailing year gives VRSN the advantage: +9.6% versus +1.5%, a 8.1-point spread. This link changes with the market regime, having swung between 0.11 and 0.67 on a rolling one-year basis.
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.
VRSN vs XLC: side by side
| VRSN (Verisign) | XLC (Communication Services Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +9.6% | +1.5% |
| 5-year return | +38.8% | +37.5% |
| Volatility (ann.) | 23.1% | 16.0% |
| Beta vs S&P 500 | 0.50 | 0.90 |
| Max drawdown (3Y) | -30.2% | -18.0% |
| Market cap | $26.6B | – |
| P/E (trailing) | 31.9 | – |
| Dividend yield | 1.08% | 1.32% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $21.7B |
| Sector / category | Information Technology | 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 | VRSN | XLC |
|---|---|---|
| 2022 | -19.1% | -37.6% |
| 2023 | +0.3% | +52.8% |
| 2024 | +0.5% | +34.7% |
| 2025 | +18.4% | +23.1% |
| 2026 | +22.4% | -4.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VRSN and XLC good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between VRSN and XLC?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.29 over the last year and 0.50 over 5 years.
Is XLC a good diversifier for VRSN?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 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
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Related comparisons
Hubs: VRSN correlations · XLC correlations
