State Street Consumer Discretionary Select Sector SPDR ETF (XLY)
$112.46−0.84%close of Oct 16, 2026
State Street Consumer Discretionary Select Sector SPDR ETF (XLY) is an exchange-traded fund (ETF) run by SPDR (State Street). This fund owns stocks of the consumer discretionary companies in the S&P 500. It charges 0.08% a year. From December 1998 to October 2026 it returned about 9.4% a year, and its worst drop was −59.1%.
Written by the Tactfolio research team. Fund facts checked October 16, 2026. Prices through October 16, 2026.
- Yearly fee
- 0.08%
- about $8 on $10,000
- 1-year return
- −2.4%
- to Oct 16, 2026
- Return per year
- 9.4%
- since December 1998
- Worst drop
- −59.1%
- since 1998
- Below its high
- −9.1%
- now
- Volatility
- 22.6%
- yearly swings
- Issuer
- SPDR (State Street)
- Tracks
- Consumer Discretionary Select Sector Index
- Started trading
- December 16, 1998
- Type
- US stocks, ETF
- Holdings
- 47 holdings as of October 15, 2026
- Expense ratio
- 0.08% a year
How has XLY done since 1998?#
From December 1998 to October 2026, XLY returned about 9.4% a year. The S&P 500 returned about 8.7% a year over the same dates. Say you put in $10,000 at the start. It would have been worth about $120,404 at the end, with every dividend reinvested.
| Period | XLY | S&P 500 (SPY) |
|---|---|---|
| 1 month | 2.3% | 1.5% |
| 3 months | −4.0% | 1.9% |
| 6 months | −4.0% | 9.3% |
| Year to date | −5.2% | 12.8% |
| 1 year | −2.4% | 16.8% |
| 3 years per year | 12.6% | 22.0% |
| 5 years per year | 4.4% | 12.8% |
| 10 years per year | 12.2% | 15.4% |
| Since 1998 per year | 9.4% | 8.7% |
Periods longer than a year show the return per year (CAGR). Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.
XLY returns by month and year#
XLY rose in 196 of its 335 months (59%). Its best month was April 2020, at 18.9%. Its worst was October 2008, at −17.6%.
| Year | Total | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −5.2% | 1.5 | −3.6 | −6.6 | 8.6 | 2.1 | −2.8 | −1.0 | 0.4 | −6.4 | 3.3 | ||
| 2025 | 7.4% | 3.5 | −7.0 | −8.3 | −0.1 | 8.4 | 1.9 | 1.9 | 4.7 | 3.6 | 0.1 | −1.4 | 1.2 |
| 2024 | 26.5% | −4.4 | 7.9 | −0.1 | −4.5 | 0.2 | 3.9 | 2.8 | −0.2 | 7.3 | −1.7 | 12.9 | 1.1 |
| 2023 | 39.6% | 15.1 | −2.1 | 3.1 | −1.1 | 2.5 | 12.2 | 2.3 | −1.7 | −5.5 | −5.5 | 11.0 | 6.1 |
| 2022 | −36.3% | −9.5 | −4.1 | 4.4 | −12.0 | −5.1 | −10.8 | 18.4 | −4.5 | −8.2 | 1.1 | 1.5 | −11.4 |
| 2021 | 27.9% | 0.8 | −0.5 | 4.5 | 6.5 | −3.4 | 3.5 | 1.1 | 1.8 | −2.1 | 12.1 | 1.6 | 0.2 |
| 2020 | 29.6% | −0.1 | −7.6 | −14.9 | 18.9 | 6.5 | 3.1 | 7.3 | 9.6 | −1.9 | −2.7 | 10.0 | 2.4 |
| 2019 | 28.4% | 9.9 | 1.3 | 3.7 | 5.5 | −7.6 | 7.8 | 1.3 | −0.9 | 1.3 | 0.1 | 1.3 | 2.8 |
| 2018 | 1.6% | 9.2 | −3.5 | −2.4 | 2.4 | 2.0 | 3.6 | 1.8 | 5.1 | 0.5 | −10.1 | 2.5 | −8.0 |
| 2017 | 22.8% | 4.2 | 1.8 | 2.1 | 2.4 | 1.1 | −1.3 | 1.9 | −1.9 | 0.8 | 2.1 | 5.1 | 2.5 |
| 2016 | 6.0% | −5.2 | 0.5 | 6.7 | 0.1 | 0.1 | −1.1 | 4.6 | −1.3 | −0.3 | −2.4 | 4.8 | 0.0 |
| 2015 | 9.9% | −3.0 | 8.5 | −0.5 | 0.0 | 1.3 | 0.6 | 4.9 | −6.5 | −0.6 | 9.0 | −0.2 | −2.8 |
| 2014 | 9.5% | −6.0 | 6.4 | −2.9 | −1.4 | 2.9 | 1.9 | −1.3 | 4.5 | −2.8 | 2.1 | 5.5 | 0.9 |
| 2013 | 42.7% | 5.7 | 1.6 | 4.4 | 3.0 | 2.8 | 0.8 | 5.3 | −2.8 | 5.4 | 4.6 | 3.5 | 2.3 |
| 2012 | 23.6% | 5.9 | 4.5 | 4.7 | 1.2 | −5.5 | 1.9 | −0.5 | 4.6 | 3.1 | −1.5 | 3.2 | 0.5 |
| 2011 | 6.0% | −0.6 | 6.0 | −0.6 | 3.8 | −0.3 | −0.2 | −1.4 | −5.2 | −6.9 | 11.9 | −0.7 | 1.3 |
| 2010 | 27.5% | −2.9 | 5.6 | 7.8 | 6.0 | −7.0 | −9.7 | 7.9 | −4.0 | 11.0 | 5.5 | 2.5 | 4.1 |
| 2009 | 40.6% | −10.6 | −9.1 | 12.7 | 18.5 | −0.7 | 0.3 | 9.5 | 3.5 | 5.4 | −2.4 | 6.7 | 4.6 |
| 2008 | −33.0% | −0.4 | −3.9 | −1.8 | 2.4 | 2.7 | −11.5 | 0.2 | 6.9 | −8.2 | −17.6 | −10.8 | 6.1 |
| 2007 | −13.7% | 2.9 | −3.0 | −0.5 | 2.4 | 3.0 | −1.7 | −5.9 | 0.6 | −0.9 | −0.5 | −5.5 | −4.9 |
| 2006 | 18.4% | 1.8 | 0.7 | 0.6 | 1.3 | −1.7 | −0.2 | −3.3 | 2.0 | 6.4 | 6.5 | 1.3 | 2.2 |
| 2005 | −6.6% | −4.3 | −0.5 | −1.2 | −6.4 | 6.2 | −0.4 | 5.7 | −3.3 | −2.8 | −2.0 | 4.0 | −0.9 |
| 2004 | 12.9% | −0.6 | 2.2 | −0.6 | −1.1 | 0.6 | 0.3 | −3.8 | −0.2 | 2.9 | 4.0 | 4.2 | 4.7 |
| 2003 | 37.2% | −3.3 | −0.4 | 2.4 | 11.7 | 5.3 | 1.5 | 1.9 | 5.1 | −4.8 | 9.1 | 0.9 | 4.0 |
| 2002 | −18.7% | 3.3 | 0.5 | 1.3 | −2.8 | −0.5 | −5.3 | −11.9 | 3.0 | −8.9 | 6.8 | 4.6 | −8.5 |
| 2001 | 12.7% | 11.6 | −7.1 | −1.5 | 4.6 | 2.4 | −0.8 | 4.5 | −8.7 | −12.6 | 5.3 | 13.3 | 4.5 |
| 2000 | −16.9% | −12.4 | −5.6 | 14.2 | −2.1 | −5.4 | −5.4 | 1.6 | −4.1 | 0.1 | −1.3 | −2.5 | 7.1 |
| 1999 | 19.5% | 5.1 | −0.6 | 4.9 | 2.6 | −4.5 | 6.5 | −7.4 | −3.8 | −1.4 | 8.9 | 0.1 | 9.5 |
| 1998 | 2.6% | 2.6 |
Each month runs from the last close of the month before. The first month counts from the first close.
How risky is XLY compared with the S&P 500?#
Measured from October 2021 to October 2026, on the days both traded.
- Beta 1.23. When the S&P 500 moved 1% in a day, XLY tended to move about 1.23%.
- Correlation 0.87. XLY mostly moved with the S&P 500.
- Up and down months. In months the S&P 500 rose, XLY rose 101% as much on average. In months it fell, XLY fell 145% as much.
| Measure | XLY | S&P 500 (SPY) |
|---|---|---|
| Return per year | 4.2% | 12.8% |
| Volatility | 24.1% | 17.1% |
| Worst drop | −39.7% | −24.5% |
| Sharpe ratio | 0.29 | 0.79 |
| Sortino ratio | 0.41 | 1.15 |
| Calmar ratio | 0.10 | 0.52 |
Volatility is how much the price swings in a year. The Sharpe ratio is return per unit of volatility, the Sortino ratio counts only the falls, and the Calmar ratio is the return per year over the worst drop. Higher ratios mean more return for the risk taken.
Is XLY above its 200-day average?#
XLY closed 2.6% below its 200-day average on October 16, 2026. A rule that holds XLY only above that average would be out of it today.
- vs 200-day average
- −2.6%
- below it
- 50-day vs 200-day
- −1.5%
- trend falling
- vs 52-week high
- −9.1%
- high of $123.75
A moving average is the average close over the last so many days. Trend rules such as the 10-month moving average strategy hold a fund only while it is above one. You can build that rule for XLY and backtest it in a minute.
What was XLY’s worst drop?#
A drawdown is how far a fund falls from its last high point. XLY’s worst fall was −59.1%, from June 4, 2007 to March 9, 2009. It got back to that high on January 27, 2011. On October 16, 2026 it was 9.1% below its highest close.
| Drop | From the high | To the bottom | Back to the high |
|---|---|---|---|
| −59.1% | Jun 4, 2007 | Mar 9, 200921 months | Jan 27, 201123 months |
| −39.7% | Nov 19, 2021 | Dec 28, 202213 months | Nov 6, 202422 months |
| −33.9% | Feb 20, 2020 | Mar 18, 202027 days | Jun 8, 20203 months |
| −31.5% | Apr 11, 2000 | Sep 20, 200117 months | Mar 15, 20026 months |
| −31.5% | Mar 19, 2002 | Mar 12, 200312 months | Nov 7, 20038 months |
Big drops are normal for some funds. They matter because selling during a drop locks in the loss.
What does XLY hold?#
This fund owns stocks of the consumer discretionary companies in the S&P 500. These are firms that sell things people want but can skip, such as cars, clothes, travel and online shopping. Its value goes up and down with that one part of the stock market.
It tracks the Consumer Discretionary Select Sector Index. It had 47 holdings as of October 15, 2026, according to SPDR (State Street).
What is the XLY expense ratio?#
XLY charges 0.08% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.08% fee comes to about $8 a year. Of the 162 ETFs on Tactfolio, 60% charge more.
You never get a bill for it. The fund takes the fee out of its own value a little each day.
Which Tactfolio strategies hold XLY?#
One classic strategy holds XLY at least some of the time. Each is a set of written rules you can open, test and copy.
- Faber sector rotation (the three strongest US sectors), by Mebane Faber, 2010
How does XLY compare with similar ETFs?#
Funds that can stand in for XLY:
- VCR: Vanguard Consumer Discretionary ETF, 0.09% a year
- VUG: Vanguard Morningstar Growth ETF, 0.03% a year
- SCHG: Schwab U.S. Large-Cap Growth ETF, 0.04% a year
- SPYG: State Street SPDR Portfolio S&P 500 Growth ETF, 0.04% a year
See all 8 XLY alternatives, compared on the same dates as XLY.
Test XLY in your own rules#
Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the builder, add XLY, and see how a rule such as “hold it only above its 200-day average” would have done. Strategies run on daily prices and hold US stocks and ETFs only.
The details#
Prices come from Tactfolio’s stored daily prices for XLY and SPY. Each close is adjusted for splits, and dividends are reinvested on the day the fund pays them out. CAGR is the steady yearly return that turns the starting value into the ending value. Volatility is the yearly standard deviation of daily returns. Beta and correlation compare daily returns with the S&P 500 over the same dates.
Fund facts come from SPDR (State Street). We checked them on October 16, 2026. Read what a backtest simulates and how to read drawdown and CAGR for more on these measures.
Common questions#
What is the expense ratio of XLY?#
XLY charges 0.08% a year, according to SPDR (State Street) as of October 16, 2026. That is about $8 a year for every $10,000 you hold.
When did XLY start trading?#
XLY started trading on December 16, 1998. It is run by SPDR (State Street).
What does XLY track?#
XLY tracks the Consumer Discretionary Select Sector Index. This fund owns stocks of the consumer discretionary companies in the S&P 500.
How much has XLY returned per year?#
From December 1998 to October 2026, XLY returned about 9.4% a year with dividends reinvested. Its worst drop was −59.1%. Past returns do not tell you what it will do next.
Is XLY above its 200-day moving average?#
On October 16, 2026, XLY closed 2.6% below its 200-day moving average. This page updates after each US market close.
Which strategies use XLY?#
One of Tactfolio’s classic strategies hold XLY, including Faber sector rotation (the three strongest US sectors).