XLI vs YHGJ: Correlation
Measured on weekly returns over the past three years, Industrial Select Sector SPDR Fund (XLI) and Yunhong Green CTI Ltd. (YHGJ) carry a correlation of -0.13, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are XLI and YHGJ?
Across a 3-year window, the weekly returns of XLI and YHGJ correlate at -0.13, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.21 over 1 year against -0.13 over 3. Stretching to 5 years gives -0.01, with an annualized covariance of -184.8 %².
By 3-year correlation, YHGJ places #195 of the 204 assets tracked against XLI. Their recent paths diverged sharply: over the last 12 months XLI outperformed by 63.2 percentage points (+18.3% for XLI against -44.9% for YHGJ). Note the risk asymmetry: YHGJ runs 5.8 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.
XLI vs YHGJ: side by side
| XLI (Industrial Select Sector SPDR Fund) | YHGJ (Yunhong Green CTI Ltd.) | |
|---|---|---|
| 1-year return | +18.3% | -44.9% |
| 5-year return | +84.0% | -85.6% |
| Volatility (ann.) | 15.7% | 90.5% |
| Beta vs S&P 500 | 0.89 | -0.69 |
| Max drawdown (3Y) | -18.5% | -91.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.15% | 0.00% |
| Expense ratio | 0.08% | – |
| Assets under management | $32.9B | – |
| Sector / category | Sector ETF | US Listed |
XLI, State Street Investment Management's Industrials fund, carries $32.9B under management, 83 holdings, a 0.08% expense ratio, a 1.15% trailing dividend yield.
Year-by-year returns
| Year | XLI | YHGJ |
|---|---|---|
| 2022 | -5.6% | -12.6% |
| 2023 | +18.1% | +105.8% |
| 2024 | +17.3% | -74.3% |
| 2025 | +19.3% | -34.0% |
| 2026 | +15.9% | -19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are XLI and YHGJ good diversifiers for each other?
Yes: at -0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between XLI and YHGJ?
The XLI/YHGJ correlation stands at -0.13 on a 3-year window (1 year: -0.21, 5 years: -0.01), computed from weekly returns as of 2026-08-27.
Is YHGJ a good diversifier for XLI?
Yes: at -0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.13 mean?
On the −1 to +1 scale, -0.13 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/xli-vs-yhgj.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/xli-vs-yhgj/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: XLI correlations · YHGJ correlations
