XLY — State Street Consumer Discretionary Select Sector SPDR ETF

XLY Price Performance — Growth of $10,000

Value of a $10,000 investment in XLY over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

XLY Drawdown

The "underwater" chart: XLY's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) operates within the Consumer Discretionary category, which ETFValuer tracks with a total of eight funds. Issued by State Street Investment Management, this fund manages $22.6 billion in assets and trades at a price of $112.48. It holds an overall rank of #396 out of 458 tracked ETFs across all categories, receiving an ETFValuer grade of D with a score of 46.0 out of 100. The fund charges an expense ratio of 0.08% and offers a dividend yield of 1.06%. The substantial asset base and moderate trading price suggest significant investor adoption relative to the smaller universe of sector-specific alternatives. Despite its large scale, the fund's ranking and grade indicate it currently faces challenges compared to the broader set of tracked investment vehicles.

Recent performance data shows a divergence between short-term declines and long-term gains, with the fund posting a 1-day return of +1.48% following a 1-week drop of -2.08%. Over the past month, the fund has declined by -1.65%, while the 3-month and 6-month returns have fallen further to -4.36% and -7.68% respectively. Year-to-date performance stands at -4.58%, and the 1-year return is a modest +0.82%. In contrast, the 3-year return demonstrates a much stronger trajectory at +36.66%, indicating a significant recovery or growth period prior to recent short-term headwinds. This pattern highlights a sharp deceleration in performance over the last six months compared to the robust gains recorded over the three-year horizon.

The fund carries a Moderate volatility label and a beta of 1.13, suggesting it tends to move more aggressively than the broader market in both directions. A Sharpe ratio of -0.22 indicates that the risk-adjusted returns have been negative over the measured period, reflecting insufficient compensation for the volatility undertaken. The maximum drawdown of -26.01% reveals the fund's potential for significant capital erosion during market downturns. This combination of a beta above 1.0 and a negative Sharpe ratio implies that while the fund may amplify gains in rising markets, it has recently failed to generate adequate returns to offset its downside risk. Investors should note that the fund's behavior aligns with a higher-risk profile that has struggled to deliver positive risk-adjusted performance in the recent past.

AI-generated summary based on the data on this page.

XLY Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 70.3% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how XLY's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With XLY

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with XLY's top 10 — FDIS overlaps most, holding 10 of the same companies as XLY's top 10 (70.3% of XLY's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

XLY Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is — and average daily volume is 8.2M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $22.6B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: XLY is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

XLY Performance History

How XLY Compares to Other Consumer Discretionary ETFs