XLCI vs. SPY

Last updated Aug 2, 2026

XLCI (State Street Communication Services Select Sector SPDR Premium Income ETF) and SPY (State Street SPDR S&P 500 ETF) are both exchange-traded funds - XLCI is a Derivative Income fund actively managed by State Street, while SPY is a S&P 500 fund tracking the S&P 500 Index. XLCI is actively managed, while SPY is passively managed. Over the past year, XLCI returned 4.28% vs 21.49% for SPY. Their 0.58 correlation means they have sometimes moved together and sometimes differently. XLCI charges 0.35%/yr vs 0.09%/yr for SPY.

Performance

XLCI vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Communication Services Select Sector SPDR Premium Income ETF (XLCI) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLCI achieves a -2.58% return, which is significantly lower than SPY's 10.13% return.

XLCI

• 1D: 1.54%
• 1M: -0.56%
• 6M: -4.49%
• YTD: -2.58%
• 1Y: 4.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.98%

SPY

• 1D: 0.72%
• 1M: 0.30%
• 6M: 8.53%
• YTD: 10.13%
• 1Y: 21.49%
• 3Y*: 19.32%
• 5Y*: 12.76%
• 10Y*: 15.07%
• ALL TIME*: 10.79%

*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)
SPY State Street SPDR S&P 500 ETF	$37.27B	$35.99B	$39.23B
XLCI State Street Communication Services Select Sector SPDR Premium Income ETF	$102.51K	$79.36K	$72.31K

XLCI vs. SPY - Yearly Performance Comparison

	2026 (YTD)	2025
XLCI State Street Communication Services Select Sector SPDR Premium Income ETF	-2.58%	6.73%
SPY State Street SPDR S&P 500 ETF	10.13%	7.96%

Correlation

The correlation between XLCI and SPY is 0.58, 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.	0.58
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.58

The correlation between XLCI and SPY has been stable across timeframes, ranging from 0.58 to 0.58 - a consistent structural relationship.

XLCI vs. SPY - Sectors Allocation Comparison

Sectors	XLCI	SPY
Communication Services	100.0%	9.7%
Financial Services	99.8%	12.5%
Basic Materials	-	1.9%
Consumer Cyclical	-	8.9%
Consumer Defensive	-	4.8%
Energy	-	3.4%
Healthcare	-	9.4%
Industrials	-	7.6%
Real Estate	-	2.0%
Technology	-	36.9%
Utilities	-	2.6%

Return for Risk

XLCI vs. SPY — Risk / Return Rank

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

XLCI

XLCI Risk / Return Rank: 18
XLCI Sharpe Ratio Rank: 17
XLCI Sortino Ratio Rank: 16
XLCI Omega Ratio Rank: 16
XLCI Calmar Ratio Rank: 18
XLCI Martin Ratio Rank: 20

SPY

SPY Risk / Return Rank: 67
SPY Sharpe Ratio Rank: 67
SPY Sortino Ratio Rank: 64
SPY Omega Ratio Rank: 65
SPY Calmar Ratio Rank: 64
SPY Martin Ratio Rank: 76

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.

XLCI vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Communication Services Select Sector SPDR Premium Income ETF (XLCI) and State Street SPDR S&P 500 ETF (SPY). 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.

	XLCI	SPY	Difference
Sharpe ratio: Return per unit of total volatility	0.29	1.52	-1.23
Sortino ratio: Return per unit of downside risk	0.47	2.11	-1.64
Omega ratio: Gain probability vs. loss probability	1.06	1.27	-0.21
Calmar ratio: Return relative to maximum drawdown	0.42	2.20	-1.78
Martin ratio: Return relative to average drawdown	1.23	9.40	-8.17

XLCI vs. SPY - Sharpe Ratio Comparison

The current XLCI Sharpe Ratio is 0.29, which is lower than the SPY Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of XLCI and SPY, 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

XLCI vs. SPY - Drawdown Comparison

The maximum XLCI drawdown since its inception was -8.44%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for XLCI and SPY.

Drawdown Indicators

	XLCI	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-8.44%	-55.19%	+46.75%
Max Drawdown (1Y) Largest decline over 1 year	-8.44%	-8.88%	+0.44%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.76%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.50%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.72%	—
Current Drawdown Current decline from peak	-5.54%	-1.40%	-4.14%
Average Drawdown Average peak-to-trough decline	-2.06%	-9.01%	+6.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.86%	2.08%	+0.78%

Volatility

XLCI vs. SPY - Volatility Comparison

State Street Communication Services Select Sector SPDR Premium Income ETF (XLCI) has a higher volatility of 5.62% compared to State Street SPDR S&P 500 ETF (SPY) at 3.58%. This indicates that XLCI's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLCI	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.62%	3.58%	+2.04%
Volatility (6M) Calculated over the trailing 6-month period	10.27%	10.14%	+0.13%
Volatility (1Y) Calculated over the trailing 1-year period	12.32%	12.89%	-0.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.29%	17.18%	-4.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.29%	17.95%	-5.66%

XLCI vs. SPY - Expense Ratio Comparison

XLCI has a 0.35% expense ratio, which is higher than SPY's 0.09% expense ratio.

Dividends

XLCI vs. SPY - Dividend Comparison

XLCI's dividend yield for the trailing twelve months is around 11.73%, more than SPY's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPY State Street SPDR S&P 500 ETF	1.01%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%
XLCI State Street Communication Services Select Sector SPDR Premium Income ETF	11.73%	5.23%	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 XLCI and SPY in my portfolio?

XLCI and SPY have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XLCI or SPY?

XLCI has higher volatility (5.62%) compared to SPY (3.58%). In terms of maximum drawdown, XLCI dropped -8.44% vs SPY's -55.19%.

Which ETF is better, XLCI or SPY?

On 1-year performance, SPY leads with 21.49% vs 4.28% for XLCI. On fees, SPY is cheaper at 0.09% per year. On volatility, SPY has been the lower-risk option at 3.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XLCI or SPY?

Over the 1-year period, SPY has performed better with a 21.49% return vs 4.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XLCI or SPY?

SPY is cheaper with a 0.09% expense ratio, compared with 0.35% for XLCI.

Which ETF pays a higher dividend yield, XLCI or SPY?

XLCI has the higher dividend yield at 11.73%, compared with 1.01% for SPY.

What is the main difference between XLCI and SPY?

XLCI is categorized as Derivative Income, while SPY is S&P 500. Their fees differ too: 0.35% for XLCI and 0.09% for SPY.

Which has better risk-adjusted returns?

SPY currently has the higher Sharpe Ratio (1.52 vs 0.29), 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.