COLO vs. XLY

Last updated Jun 9, 2026

COLO (Global X MSCI Colombia ETF) and XLY (Consumer Discretionary Select Sector SPDR Fund) are both exchange-traded funds - COLO is a Latin America Equities fund tracking the MSCI All Colombia Select 25/50 Index, while XLY is a Consumer Discretionary Equities fund tracking the Consumer Discretionary Select Sector Index. Both are passively managed. Over the past 10 years, COLO returned 5.85%/yr vs 12.57%/yr for XLY. At a 0.39 correlation, their price movements are largely independent. COLO charges 0.62%/yr vs 0.13%/yr for XLY.

Performance

COLO vs. XLY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MSCI Colombia ETF (COLO) and Consumer Discretionary Select Sector SPDR Fund (XLY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COLO achieves a 13.08% return, which is significantly higher than XLY's -3.17% return. Over the past 10 years, COLO has underperformed XLY with an annualized return of 5.85%, while XLY has yielded a comparatively higher 12.57% annualized return.

COLO

• 1D: 1.13%
• 1M: 8.01%
• YTD: 13.08%
• 6M: 13.71%
• 1Y: 45.86%
• 3Y*: 31.80%
• 5Y*: 14.02%
• 10Y*: 5.85%

XLY

• 1D: 0.46%
• 1M: -4.00%
• YTD: -3.17%
• 6M: -1.81%
• 1Y: 9.63%
• 3Y*: 13.63%
• 5Y*: 6.99%
• 10Y*: 12.57%

*Multi-year figures are annualized to reflect compound growth (CAGR)

COLO vs. XLY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
COLO Global X MSCI Colombia ETF	13.08%	68.88%	4.68%	24.92%	-21.32%	-11.50%	-14.60%	30.42%	-19.88%	11.88%
XLY Consumer Discretionary Select Sector SPDR Fund	-3.17%	7.37%	26.51%	39.64%	-36.27%	27.93%	29.63%	28.39%	1.58%	22.82%

Correlation

The correlation between COLO and XLY is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (10Y) Calculated over the trailing 10-year period	0.38
Correlation (All Time) Calculated using the full available price history since Feb 10, 2009	0.39

The correlation between COLO and XLY shifts across timeframes, from 0.27 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.

COLO vs. XLY - Sectors Allocation Comparison

Sectors	COLO	XLY
Financial Services	39.3%	-
Basic Materials	18.4%	-
Utilities	17.7%	-
Energy	17.3%	-
Communication Services	3.4%	1.3%
Industrials	2.4%	0.1%
Consumer Cyclical	1.5%	97.6%
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	0.9%

Return for Risk

COLO vs. XLY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

COLO

COLO Risk / Return Rank: 63
COLO Sharpe Ratio Rank: 70
COLO Sortino Ratio Rank: 70
COLO Omega Ratio Rank: 68
COLO Calmar Ratio Rank: 58
COLO Martin Ratio Rank: 47

XLY

XLY Risk / Return Rank: 18
XLY Sharpe Ratio Rank: 19
XLY Sortino Ratio Rank: 18
XLY Omega Ratio Rank: 18
XLY Calmar Ratio Rank: 18
XLY Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

COLO vs. XLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Colombia ETF (COLO) and Consumer Discretionary Select Sector SPDR Fund (XLY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	COLO	XLY	Difference
Sharpe ratio: Return per unit of total volatility	2.06	0.54	+1.52
Sortino ratio: Return per unit of downside risk	2.84	0.87	+1.97
Omega ratio: Gain probability vs. loss probability	1.36	1.10	+0.26
Calmar ratio: Return relative to maximum drawdown	2.59	0.65	+1.94
Martin ratio: Return relative to average drawdown	7.04	2.01	+5.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

COLO vs. XLY - Sharpe Ratio Comparison

The current COLO Sharpe Ratio is 2.06, which is higher than the XLY Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of COLO and XLY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	COLO	XLY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	0.54	+1.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.30	+0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.23	0.57	-0.34
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.42	-0.21

Drawdowns

COLO vs. XLY - Drawdown Comparison

The maximum COLO drawdown since its inception was -78.91%, which is greater than XLY's maximum drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for COLO and XLY.

Drawdown Indicators

	COLO	XLY	Difference
Max Drawdown Largest peak-to-trough decline	-78.91%	-59.05%	-19.86%
Max Drawdown (1Y) Largest decline over 1 year	-17.79%	-14.98%	-2.81%
Max Drawdown (3Y) Largest decline over 3 years	-18.35%	-26.01%	+7.66%
Max Drawdown (5Y) Largest decline over 5 years	-43.86%	-39.67%	-4.19%
Max Drawdown (10Y) Largest decline over 10 years	-62.75%	-39.67%	-23.08%
Current Drawdown Current decline from peak	-23.24%	-7.15%	-16.09%
Average Drawdown Average peak-to-trough decline	-40.31%	-9.56%	-30.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.54%	4.80%	+1.74%

Volatility

COLO vs. XLY - Volatility Comparison

Global X MSCI Colombia ETF (COLO) has a higher volatility of 11.02% compared to Consumer Discretionary Select Sector SPDR Fund (XLY) at 5.32%. This indicates that COLO's price experiences larger fluctuations and is considered to be riskier than XLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COLO	XLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.02%	5.32%	+5.70%
Volatility (6M) Calculated over the trailing 6-month period	19.61%	13.22%	+6.39%
Volatility (1Y) Calculated over the trailing 1-year period	22.43%	18.09%	+4.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.23%	23.80%	-0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.43%	22.06%	+3.37%

COLO vs. XLY - Expense Ratio Comparison

COLO has a 0.62% expense ratio, which is higher than XLY's 0.13% expense ratio.

Dividends

COLO vs. XLY - Dividend Comparison

COLO's dividend yield for the trailing twelve months is around 6.64%, more than XLY's 0.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COLO Global X MSCI Colombia ETF	6.64%	7.51%	6.08%	6.99%	12.55%	2.32%	3.23%	3.04%	3.03%	1.83%	1.48%	1.58%
XLY Consumer Discretionary Select Sector SPDR Fund	0.77%	0.79%	0.72%	0.78%	1.00%	0.53%	0.82%	1.28%	1.34%	1.20%	1.71%	1.43%

Frequently Asked Questions

Can I hold both COLO and XLY in my portfolio?

COLO and XLY have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COLO or XLY?

COLO has higher volatility (11.02%) compared to XLY (5.32%). In terms of maximum drawdown, COLO dropped -78.91% vs XLY's -59.05%.

Which ETF is better, COLO or XLY?

On 10-year performance, XLY leads with 12.57% vs 5.85% for COLO. On fees, XLY is cheaper at 0.13% per year. On volatility, XLY has been the lower-risk option at 5.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COLO or XLY?

Over the 10-year period, XLY has performed better with a 12.57% return vs 5.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COLO or XLY?

XLY is cheaper with a 0.13% expense ratio, compared with 0.62% for COLO.

Which ETF pays a higher dividend yield, COLO or XLY?

COLO has the higher dividend yield at 6.64%, compared with 0.77% for XLY.

What is the main difference between COLO and XLY?

COLO is categorized as Latin America Equities, while XLY is Consumer Discretionary Equities. COLO tracks MSCI All Colombia Select 25/50 Index, while XLY tracks Consumer Discretionary Select Sector Index. They also come from different issuers: Global X and State Street. Their fees differ too: 0.62% for COLO and 0.13% for XLY.

Which has better risk-adjusted returns?

COLO currently has the higher Sharpe Ratio (2.06 vs 0.54), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.