XLP vs ZCMD: Correlation
How closely do Consumer Staples Select Sector SPDR Fund (XLP) and Zhongchao Inc. - Class A (ZCMD) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are XLP and ZCMD?
On 3 years of weekly data the XLP/ZCMD correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.14 over 1 year against -0.21 over 3. The 5-year figure is -0.09, and annualized covariance runs at -331.7 %².
Out of 110 assets tracked against XLP, ZCMD lands near the bottom at #106. Correlation aside, the last 12 months split them widely, with XLP ahead by 108.2 points (+8.3% versus -99.9%). Note the risk asymmetry: ZCMD runs 12.8 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.
XLP vs ZCMD: side by side
| XLP (Consumer Staples Select Sector SPDR Fund) | ZCMD (Zhongchao Inc. - Class A) | |
|---|---|---|
| 1-year return | +8.3% | -99.9% |
| 5-year return | +34.7% | -100.0% |
| Volatility (ann.) | 11.1% | 141.8% |
| Beta vs S&P 500 | 0.23 | 0.59 |
| Max drawdown (3Y) | -9.7% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.58% | 0.00% |
| Expense ratio | 0.08% | – |
| Assets under management | $14.6B | – |
| Sector / category | Sector ETF | US Listed |
XLP, State Street Investment Management's Consumer Defensive fund, carries $14.6B under management, 35 holdings, a 0.08% expense ratio, a 2.58% trailing dividend yield.
Year-by-year returns
| Year | XLP | ZCMD |
|---|---|---|
| 2022 | -0.8% | -35.4% |
| 2023 | -0.8% | -69.5% |
| 2024 | +12.2% | -53.8% |
| 2025 | +1.5% | -72.2% |
| 2026 | +10.9% | -99.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are XLP and ZCMD good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between XLP and ZCMD?
The XLP/ZCMD correlation stands at -0.21 on a 3-year window (1 year: -0.14, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is ZCMD a good diversifier for XLP?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
A reading of -0.21 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/xlp-vs-zcmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/xlp-vs-zcmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: XLP correlations · ZCMD correlations
