FXD vs. XLYI

Last updated Aug 2, 2026

FXD (First Trust Consumer Discretionary AlphaDEX Fund) and XLYI (State Street Consumer Discretionary Select Sector SPDR Premium Income ETF) are both exchange-traded funds - FXD is a Consumer Discretionary Equities fund tracking the StrataQuant Consumer Discretionary Index, while XLYI is a Derivative Income fund actively managed by State Street. FXD is passively managed, while XLYI is actively managed. Over the past year, FXD returned 10.49% vs 8.70% for XLYI. Their 0.70 correlation means they have sometimes moved together and sometimes differently. FXD charges 0.63%/yr vs 0.35%/yr for XLYI.

Performance

FXD vs. XLYI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Consumer Discretionary AlphaDEX Fund (FXD) and State Street Consumer Discretionary Select Sector SPDR Premium Income ETF (XLYI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FXD achieves a 2.67% return, which is significantly higher than XLYI's -0.31% return.

FXD

• 1D: -1.15%
• 1M: 0.45%
• 6M: 1.98%
• YTD: 2.67%
• 1Y: 10.49%
• 3Y*: 7.96%
• 5Y*: 3.57%
• 10Y*: 8.08%
• ALL TIME*: 7.56%

XLYI

• 1D: 2.83%
• 1M: -0.39%
• 6M: -2.34%
• YTD: -0.31%
• 1Y: 8.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.29%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FXD First Trust Consumer Discretionary AlphaDEX Fund	$1.22M	$850.69K	$681.18K
XLYI State Street Consumer Discretionary Select Sector SPDR Premium Income ETF	$81.44K	$62.05K	$59.61K

FXD vs. XLYI - Yearly Performance Comparison

	2026 (YTD)	2025
FXD First Trust Consumer Discretionary AlphaDEX Fund	2.67%	4.92%
XLYI State Street Consumer Discretionary Select Sector SPDR Premium Income ETF	-0.31%	5.63%

Correlation

The correlation between FXD and XLYI is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.70
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.70

The correlation between FXD and XLYI has been stable across timeframes, ranging from 0.70 to 0.70 - a consistent structural relationship.

FXD vs. XLYI - Sectors Allocation Comparison

Sectors	FXD	XLYI
Consumer Cyclical	68.1%	99.0%
Industrials	8.8%	-
Communication Services	8.0%	-
Consumer Defensive	7.1%	-
Technology	5.3%	1.0%
Energy	0.9%	-
Basic Materials	-	-
Financial Services	-	99.8%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

FXD vs. XLYI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FXD

FXD Risk / Return Rank: 22
FXD Sharpe Ratio Rank: 21
FXD Sortino Ratio Rank: 23
FXD Omega Ratio Rank: 20
FXD Calmar Ratio Rank: 22
FXD Martin Ratio Rank: 22

XLYI

XLYI Risk / Return Rank: 20
XLYI Sharpe Ratio Rank: 20
XLYI Sortino Ratio Rank: 19
XLYI Omega Ratio Rank: 19
XLYI Calmar Ratio Rank: 21
XLYI Martin Ratio Rank: 22

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FXD vs. XLYI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Consumer Discretionary AlphaDEX Fund (FXD) and State Street Consumer Discretionary Select Sector SPDR Premium Income ETF (XLYI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FXD	XLYI	Difference
Sharpe ratio: Return per unit of total volatility	0.46	0.40	+0.06
Sortino ratio: Return per unit of downside risk	0.83	0.66	+0.18
Omega ratio: Gain probability vs. loss probability	1.09	1.08	+0.01
Calmar ratio: Return relative to maximum drawdown	0.65	0.53	+0.12
Martin ratio: Return relative to average drawdown	1.58	1.50	+0.08

FXD vs. XLYI - Sharpe Ratio Comparison

The current FXD Sharpe Ratio is 0.46, which is comparable to the XLYI Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of FXD and XLYI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FXD vs. XLYI - Drawdown Comparison

The maximum FXD drawdown since its inception was -65.27%, which is greater than XLYI's maximum drawdown of -12.32%. Use the drawdown chart below to compare losses from any high point for FXD and XLYI.

Drawdown Indicators

	FXD	XLYI	Difference
Max Drawdown Largest peak-to-trough decline	-65.27%	-12.32%	-52.95%
Max Drawdown (1Y) Largest decline over 1 year	-13.94%	-12.32%	-1.62%
Max Drawdown (3Y) Largest decline over 3 years	-26.02%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.74%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-49.54%	—	—
Current Drawdown Current decline from peak	-2.82%	-3.86%	+1.04%
Average Drawdown Average peak-to-trough decline	-10.91%	-3.29%	-7.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.70%	4.33%	+1.37%

Volatility

FXD vs. XLYI - Volatility Comparison

The current volatility for First Trust Consumer Discretionary AlphaDEX Fund (FXD) is 5.98%, while State Street Consumer Discretionary Select Sector SPDR Premium Income ETF (XLYI) has a volatility of 6.42%. This indicates that FXD experiences smaller price fluctuations and is considered to be less risky than XLYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FXD	XLYI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.98%	6.42%	-0.44%
Volatility (6M) Calculated over the trailing 6-month period	15.29%	12.97%	+2.32%
Volatility (1Y) Calculated over the trailing 1-year period	19.82%	16.34%	+3.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.81%	16.32%	+6.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.72%	16.32%	+7.40%

FXD vs. XLYI - Expense Ratio Comparison

FXD has a 0.63% expense ratio, which is higher than XLYI's 0.35% expense ratio.

Dividends

FXD vs. XLYI - Dividend Comparison

FXD's dividend yield for the trailing twelve months is around 0.60%, less than XLYI's 14.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXD First Trust Consumer Discretionary AlphaDEX Fund	0.60%	0.80%	0.89%	0.70%	1.00%	0.62%	0.42%	0.92%	1.08%	0.93%	1.05%	0.90%
XLYI State Street Consumer Discretionary Select Sector SPDR Premium Income ETF	14.79%	6.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FXD and XLYI in my portfolio?

FXD and XLYI have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FXD or XLYI?

XLYI has higher volatility (6.42%) compared to FXD (5.98%). In terms of maximum drawdown, FXD dropped -65.27% vs XLYI's -12.32%.

Which ETF is better, FXD or XLYI?

On 1-year performance, FXD leads with 10.49% vs 8.70% for XLYI. On fees, XLYI is cheaper at 0.35% per year. On volatility, FXD has been the lower-risk option at 5.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FXD or XLYI?

Over the 1-year period, FXD has performed better with a 10.49% return vs 8.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FXD or XLYI?

XLYI is cheaper with a 0.35% expense ratio, compared with 0.63% for FXD.

Which ETF pays a higher dividend yield, FXD or XLYI?

XLYI has the higher dividend yield at 14.79%, compared with 0.60% for FXD.

What is the main difference between FXD and XLYI?

FXD is categorized as Consumer Discretionary Equities, while XLYI is Derivative Income. They also come from different issuers: First Trust and State Street. Their fees differ too: 0.63% for FXD and 0.35% for XLYI.

Which has better risk-adjusted returns?

FXD currently has the higher Sharpe Ratio (0.46 vs 0.40), 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.