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PSL vs. XLP
Performance
Return for Risk
Dividends
Drawdowns
Volatility

PSL vs. XLP

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco DWA Consumer Staples Momentum ETF (PSL) and State Street Consumer Staples Select Sector SPDR ETF (XLP).

PSL and XLP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PSL is a passively managed fund by Invesco that tracks the performance of the DWA Consumer Staples Technical Leaders Index. It was launched on Oct 12, 2006. XLP is a passively managed fund by State Street that tracks the performance of the S&P Consumer Staples Select Sector. It was launched on Dec 16, 1998. Both PSL and XLP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

PSL vs. XLP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DWA Consumer Staples Momentum ETF (PSL) and State Street Consumer Staples Select Sector SPDR ETF (XLP). The values are adjusted to include any dividend payments, if applicable.

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PSL vs. XLP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PSL
Invesco DWA Consumer Staples Momentum ETF		8.30%-3.47%15.42%12.32%-7.76%6.88%18.15%14.16%0.92%21.82%
XLP
State Street Consumer Staples Select Sector SPDR ETF		6.13%1.52%12.20%-0.82%-0.81%17.20%10.11%27.43%-8.07%12.98%

Returns By Period

In the year-to-date period, PSL achieves a 8.30% return, which is significantly higher than XLP's 6.13% return. Over the past 10 years, PSL has outperformed XLP with an annualized return of 7.76%, while XLP has yielded a comparatively lower 7.17% annualized return.

PSL

1D
0.85%
1M
-7.09%
YTD
8.30%
6M
-0.82%
1Y
1.04%
3Y*
9.05%
5Y*
4.34%
10Y*
7.76%

XLP

1D
0.12%
1M
-8.41%
YTD
6.13%
6M
6.04%
1Y
3.16%
3Y*
5.99%
5Y*
6.59%
10Y*
7.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco DWA Consumer Staples Momentum ETF

State Street Consumer Staples Select Sector SPDR ETF

Often compared with PSL:
PSL vs. PPAPSL vs. SPYPSL vs. ^SP500TRPSL vs. FSTAPSL vs. IYKPSL vs. VOOPSL vs. FALN
Often compared with XLP:
XLP vs. XLYXLP vs. VDCXLP vs. XLUXLP vs. SPYXLP vs. VOOXLP vs. IYKXLP vs. XLF

PSL vs. XLP - Expense Ratio Comparison

PSL has a 0.60% expense ratio, which is higher than XLP's 0.08% expense ratio.

PSL
Invesco DWA Consumer Staples Momentum ETF
XLP
State Street Consumer Staples Select Sector SPDR ETF

Return for Risk

PSL vs. XLP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PSL
PSL Risk / Return Rank: 1414
Overall Rank
PSL Sharpe Ratio Rank: 1414
Sharpe Ratio Rank
PSL Sortino Ratio Rank: 1313
Sortino Ratio Rank
PSL Omega Ratio Rank: 1313
Omega Ratio Rank
PSL Calmar Ratio Rank: 1515
Calmar Ratio Rank
PSL Martin Ratio Rank: 1515
Martin Ratio Rank
XLP
XLP Risk / Return Rank: 2020
Overall Rank
XLP Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
XLP Sortino Ratio Rank: 1818
Sortino Ratio Rank
XLP Omega Ratio Rank: 1717
Omega Ratio Rank
XLP Calmar Ratio Rank: 2525
Calmar Ratio Rank
XLP Martin Ratio Rank: 2222
Martin Ratio Rank
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.

PSL vs. XLP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Consumer Staples Momentum ETF (PSL) and State Street Consumer Staples Select Sector SPDR ETF (XLP). 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.

PSLXLPDifference

Sharpe ratio

Return per unit of total volatility

0.07

0.23

-0.16

Sortino ratio

Return per unit of downside risk

0.20

0.42

-0.22

Omega ratio

Gain probability vs. loss probability

1.03

1.05

-0.03

Calmar ratio

Return relative to maximum drawdown

0.16

0.49

-0.33

Martin ratio

Return relative to average drawdown

0.38

1.19

-0.81

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSL vs. XLP - Sharpe Ratio Comparison

The current PSL Sharpe Ratio is 0.07, which is lower than the XLP Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of PSL and XLP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

PSLXLPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.07

0.23

-0.16

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.29

0.50

-0.22

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.47

0.49

-0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.55

0.44

+0.11

Correlation

The correlation between PSL and XLP is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

PSL vs. XLP - Dividend Comparison

PSL's dividend yield for the trailing twelve months is around 0.85%, less than XLP's 2.65% yield.

TTM20252024202320222021202020192018201720162015
PSL
Invesco DWA Consumer Staples Momentum ETF		0.85%0.93%0.60%1.37%1.98%1.24%0.80%0.47%0.75%0.34%2.08%1.18%
XLP
State Street Consumer Staples Select Sector SPDR ETF		2.65%2.75%2.77%2.63%2.47%2.28%2.50%2.57%3.04%2.62%2.53%2.52%

Drawdowns

PSL vs. XLP - Drawdown Comparison

The maximum PSL drawdown since its inception was -41.58%, which is greater than XLP's maximum drawdown of -35.90%. Use the drawdown chart below to compare losses from any high point for PSL and XLP.

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Drawdown Indicators

PSLXLPDifference

Max Drawdown

Largest peak-to-trough decline

-41.58%

-35.90%

-5.68%

Max Drawdown (1Y)

Largest decline over 1 year

-13.64%

-9.69%

-3.95%

Max Drawdown (5Y)

Largest decline over 5 years

-22.35%

-16.30%

-6.05%

Max Drawdown (10Y)

Largest decline over 10 years

-34.67%

-24.51%

-10.16%

Current Drawdown

Current decline from peak

-7.09%

-8.41%

+1.32%

Average Drawdown

Average peak-to-trough decline

-5.82%

-7.06%

+1.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.76%

4.03%

+1.73%

Volatility

PSL vs. XLP - Volatility Comparison

Invesco DWA Consumer Staples Momentum ETF (PSL) and State Street Consumer Staples Select Sector SPDR ETF (XLP) have volatilities of 4.01% and 3.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PSLXLPDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.01%

3.93%

+0.08%

Volatility (6M)

Calculated over the trailing 6-month period

9.86%

9.34%

+0.52%

Volatility (1Y)

Calculated over the trailing 1-year period

14.67%

13.90%

+0.77%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.24%

13.14%

+2.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.49%

14.69%

+1.80%