IYC vs. XLYI

Last updated Aug 2, 2026

IYC (iShares U.S. Consumer Discretionary ETF) and XLYI (State Street Consumer Discretionary Select Sector SPDR Premium Income ETF) are both exchange-traded funds - IYC is a Consumer Discretionary Equities fund tracking the Dow Jones U.S. Consumer Services Index, while XLYI is a Derivative Income fund actively managed by State Street. IYC is passively managed, while XLYI is actively managed. Over the past year, IYC returned 3.59% vs 8.70% for XLYI. Their correlation of 0.92 means they have usually moved in the same direction. IYC charges 0.38%/yr vs 0.35%/yr for XLYI.

Performance

IYC vs. XLYI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Consumer Discretionary ETF (IYC) 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, IYC achieves a -1.67% return, which is significantly lower than XLYI's -0.31% return.

IYC

• 1D: 1.51%
• 1M: -0.91%
• 6M: -2.33%
• YTD: -1.67%
• 1Y: 3.59%
• 3Y*: 12.46%
• 5Y*: 5.91%
• 10Y*: 11.41%
• ALL TIME*: 8.42%

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)
IYC iShares U.S. Consumer Discretionary ETF	$10.52M	$10.35M	$12.04M
XLYI State Street Consumer Discretionary Select Sector SPDR Premium Income ETF	$81.44K	$62.05K	$59.61K

IYC vs. XLYI - Yearly Performance Comparison

	2026 (YTD)	2025
IYC iShares U.S. Consumer Discretionary ETF	-1.67%	2.58%
XLYI State Street Consumer Discretionary Select Sector SPDR Premium Income ETF	-0.31%	5.63%

Correlation

The correlation between IYC and XLYI is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.92
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.92

The correlation between IYC and XLYI has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.

IYC vs. XLYI - Sectors Allocation Comparison

Sectors	IYC	XLYI
Consumer Cyclical	66.8%	99.0%
Consumer Defensive	11.5%	-
Communication Services	10.6%	-
Technology	7.0%	1.0%
Industrials	3.9%	-
Energy	0.1%	-
Basic Materials	-	-
Financial Services	-	99.8%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

IYC vs. XLYI — Risk / Return Rank

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

IYC

IYC Risk / Return Rank: 13
IYC Sharpe Ratio Rank: 13
IYC Sortino Ratio Rank: 13
IYC Omega Ratio Rank: 12
IYC Calmar Ratio Rank: 13
IYC Martin Ratio Rank: 14

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.

IYC vs. XLYI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Consumer Discretionary ETF (IYC) 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.

	IYC	XLYI	Difference
Sharpe ratio: Return per unit of total volatility	0.11	0.40	-0.29
Sortino ratio: Return per unit of downside risk	0.26	0.66	-0.39
Omega ratio: Gain probability vs. loss probability	1.03	1.08	-0.05
Calmar ratio: Return relative to maximum drawdown	0.14	0.53	-0.39
Martin ratio: Return relative to average drawdown	0.36	1.50	-1.14

IYC vs. XLYI - Sharpe Ratio Comparison

The current IYC Sharpe Ratio is 0.11, which is lower than the XLYI Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of IYC 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

IYC vs. XLYI - Drawdown Comparison

The maximum IYC drawdown since its inception was -53.10%, which is greater than XLYI's maximum drawdown of -12.32%. Use the drawdown chart below to compare losses from any high point for IYC and XLYI.

Drawdown Indicators

	IYC	XLYI	Difference
Max Drawdown Largest peak-to-trough decline	-53.10%	-12.32%	-40.78%
Max Drawdown (1Y) Largest decline over 1 year	-11.97%	-12.32%	+0.35%
Max Drawdown (3Y) Largest decline over 3 years	-21.62%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.90%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.90%	—	—
Current Drawdown Current decline from peak	-5.38%	-3.86%	-1.52%
Average Drawdown Average peak-to-trough decline	-9.93%	-3.29%	-6.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.64%	4.33%	+0.31%

Volatility

IYC vs. XLYI - Volatility Comparison

The current volatility for iShares U.S. Consumer Discretionary ETF (IYC) is 5.21%, while State Street Consumer Discretionary Select Sector SPDR Premium Income ETF (XLYI) has a volatility of 6.42%. This indicates that IYC 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

	IYC	XLYI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.21%	6.42%	-1.21%
Volatility (6M) Calculated over the trailing 6-month period	11.93%	12.97%	-1.04%
Volatility (1Y) Calculated over the trailing 1-year period	15.28%	16.34%	-1.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.88%	16.32%	+4.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.95%	16.32%	+3.63%

IYC vs. XLYI - Expense Ratio Comparison

IYC has a 0.38% expense ratio, which is higher than XLYI's 0.35% expense ratio.

Dividends

IYC vs. XLYI - Dividend Comparison

IYC's dividend yield for the trailing twelve months is around 0.51%, less than XLYI's 14.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IYC iShares U.S. Consumer Discretionary ETF	0.51%	0.51%	0.47%	0.68%	0.68%	0.39%	0.65%	0.89%	0.90%	0.92%	1.10%	1.03%
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 IYC and XLYI in my portfolio?

With a correlation of 0.92, IYC and XLYI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, IYC or XLYI?

XLYI has higher volatility (6.42%) compared to IYC (5.21%). In terms of maximum drawdown, IYC dropped -53.10% vs XLYI's -12.32%.

Which ETF is better, IYC or XLYI?

On 1-year performance, XLYI leads with 8.70% vs 3.59% for IYC. On fees, XLYI is cheaper at 0.35% per year. On volatility, IYC has been the lower-risk option at 5.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IYC or XLYI?

Over the 1-year period, XLYI has performed better with a 8.70% return vs 3.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IYC or XLYI?

XLYI is cheaper with a 0.35% expense ratio, compared with 0.38% for IYC.

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

XLYI has the higher dividend yield at 14.79%, compared with 0.51% for IYC.

What is the main difference between IYC and XLYI?

IYC is categorized as Consumer Discretionary Equities, while XLYI is Derivative Income. They also come from different issuers: iShares and State Street. Their fees differ too: 0.38% for IYC and 0.35% for XLYI.

Which has better risk-adjusted returns?

XLYI currently has the higher Sharpe Ratio (0.40 vs 0.11), 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.