WANT vs. XLY

Last updated Aug 2, 2026

WANT (Direxion Daily Consumer Discretionary Bull 3X Shares) and XLY (Consumer Discretionary Select Sector SPDR Fund) are both exchange-traded funds - WANT is a Leveraged Equities fund tracking the S&P Consumer Discretionary Select Sector Index (-300%), while XLY is a Consumer Discretionary Equities fund tracking the Consumer Discretionary Select Sector Index. Both are passively managed. Over the past 5 years, WANT returned -9.26%/yr vs 6.04%/yr for XLY. Their 1.00 correlation means they have historically moved very closely together. WANT charges 0.98%/yr vs 0.13%/yr for XLY.

Performance

WANT vs. XLY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) 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, WANT achieves a -18.85% return, which is significantly lower than XLY's -2.39% return.

WANT

• 1D: 9.01%
• 1M: -5.12%
• 6M: -21.39%
• YTD: -18.85%
• 1Y: 1.90%
• 3Y*: 7.77%
• 5Y*: -9.26%
• 10Y*: —
• ALL TIME*: 7.17%

XLY

• 1D: 3.29%
• 1M: -0.88%
• 6M: -3.81%
• YTD: -2.39%
• 1Y: 8.28%
• 3Y*: 11.47%
• 5Y*: 6.04%
• 10Y*: 12.33%
• ALL TIME*: 9.58%

*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)
WANT Direxion Daily Consumer Discretionary Bull 3X Shares	$1.62M	$1.14M	$1.28M
XLY Consumer Discretionary Select Sector SPDR Fund	$945.87M	$987.54M	$948.83M

WANT vs. XLY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
WANT Direxion Daily Consumer Discretionary Bull 3X Shares	-18.85%	-6.94%	60.52%	114.43%	-83.03%	84.81%	45.26%	90.07%	-24.44%
XLY Consumer Discretionary Select Sector SPDR Fund	-2.39%	7.37%	26.51%	39.64%	-36.27%	27.93%	29.63%	28.39%	-7.72%

Correlation

The correlation between WANT and XLY is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	1.00
Correlation (3Y) Balances recent behavior with more history.	1.00
Correlation (5Y) Shows whether the relationship held over a longer period.	1.00
Correlation (All Time) Calculated using the full available price history since Nov 29, 2018	1.00

The correlation between WANT and XLY has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

WANT vs. XLY - Sectors Allocation Comparison

Sectors	WANT	XLY
Consumer Cyclical	19.7%	97.1%
Communication Services	0.4%	1.7%
Technology	0.2%	1.1%
Industrials	0.1%	0.1%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

WANT vs. XLY — Risk / Return Rank

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

WANT

WANT Risk / Return Rank: 10
WANT Sharpe Ratio Rank: 9
WANT Sortino Ratio Rank: 13
WANT Omega Ratio Rank: 12
WANT Calmar Ratio Rank: 9
WANT Martin Ratio Rank: 9

XLY

XLY Risk / Return Rank: 17
XLY Sharpe Ratio Rank: 17
XLY Sortino Ratio Rank: 17
XLY Omega Ratio Rank: 17
XLY Calmar Ratio Rank: 17
XLY Martin Ratio Rank: 18

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.

WANT vs. XLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) 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.

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.

	WANT	XLY	Difference
Sharpe ratio: Return per unit of total volatility	-0.10	0.29	-0.39
Sortino ratio: Return per unit of downside risk	0.27	0.54	-0.28
Omega ratio: Gain probability vs. loss probability	1.03	1.06	-0.03
Calmar ratio: Return relative to maximum drawdown	-0.14	0.38	-0.52
Martin ratio: Return relative to average drawdown	-0.30	1.03	-1.33

WANT vs. XLY - Sharpe Ratio Comparison

The current WANT Sharpe Ratio is -0.10, which is lower than the XLY Sharpe Ratio of 0.29. The chart below compares the historical Sharpe Ratios of WANT 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.

Drawdowns

WANT vs. XLY - Drawdown Comparison

The maximum WANT drawdown since its inception was -85.89%, which is greater than XLY's maximum drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for WANT and XLY.

Drawdown Indicators

	WANT	XLY	Difference
Max Drawdown Largest peak-to-trough decline	-85.89%	-59.05%	-26.84%
Max Drawdown (1Y) Largest decline over 1 year	-41.27%	-14.98%	-26.29%
Max Drawdown (3Y) Largest decline over 3 years	-63.53%	-26.01%	-37.52%
Max Drawdown (5Y) Largest decline over 5 years	-85.89%	-39.67%	-46.22%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.67%	—
Current Drawdown Current decline from peak	-60.89%	-6.40%	-54.49%
Average Drawdown Average peak-to-trough decline	-43.41%	-9.54%	-33.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.64%	5.53%	+13.11%

Volatility

WANT vs. XLY - Volatility Comparison

Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) has a higher volatility of 21.68% compared to Consumer Discretionary Select Sector SPDR Fund (XLY) at 7.28%. This indicates that WANT'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

	WANT	XLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.68%	7.28%	+14.40%
Volatility (6M) Calculated over the trailing 6-month period	44.50%	15.04%	+29.46%
Volatility (1Y) Calculated over the trailing 1-year period	57.65%	19.53%	+38.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.42%	24.07%	+47.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.44%	22.18%	+49.26%

WANT vs. XLY - Expense Ratio Comparison

WANT has a 0.98% expense ratio, which is higher than XLY's 0.13% expense ratio.

Dividends

WANT vs. XLY - Dividend Comparison

WANT's dividend yield for the trailing twelve months is around 0.54%, less than XLY's 0.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WANT Direxion Daily Consumer Discretionary Bull 3X Shares	0.54%	0.65%	0.61%	0.46%	0.00%	0.00%	0.07%	0.64%	0.00%	0.00%	0.00%	0.00%
XLY Consumer Discretionary Select Sector SPDR Fund	0.78%	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 WANT and XLY in my portfolio?

With a correlation of 1.00, WANT and XLY 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, WANT or XLY?

WANT has higher volatility (21.68%) compared to XLY (7.28%). In terms of maximum drawdown, WANT dropped -85.89% vs XLY's -59.05%.

Which ETF is better, WANT or XLY?

On 5-year performance, XLY leads with 6.04% vs -9.26% for WANT. On fees, XLY is cheaper at 0.13% per year. On volatility, XLY has been the lower-risk option at 7.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WANT or XLY?

Over the 5-year period, XLY has performed better with a 6.04% return vs -9.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WANT or XLY?

XLY is cheaper with a 0.13% expense ratio, compared with 0.98% for WANT.

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

XLY has the higher dividend yield at 0.78%, compared with 0.54% for WANT.

What is the main difference between WANT and XLY?

WANT is categorized as Leveraged Equities, while XLY is Consumer Discretionary Equities. WANT tracks S&P Consumer Discretionary Select Sector Index (-300%), while XLY tracks Consumer Discretionary Select Sector Index. They also come from different issuers: Direxion and State Street. Their fees differ too: 0.98% for WANT and 0.13% for XLY.

Which has better risk-adjusted returns?

XLY currently has the higher Sharpe Ratio (0.29 vs -0.10), 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.