XLP vs. GXPS

Last updated Jun 5, 2026

XLP (State Street Consumer Staples Select Sector SPDR ETF) and GXPS (Global X PureCap MSCI Consumer Staples ETF) are both Consumer Staples Equities funds - XLP tracks the Consumer Staples Select Sector Index while GXPS tracks the MSCI USA Consumer Staples Index. Both are passively managed. Their correlation of 0.95 suggests significant overlap in exposure. XLP charges 0.08%/yr vs 0.25%/yr for GXPS.

Performance

XLP vs. GXPS - Performance Comparison

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

Returns By Period

In the year-to-date period, XLP achieves a 6.21% return, which is significantly lower than GXPS's 6.95% return.

XLP

• 1D: -0.15%
• 1M: -2.40%
• YTD: 6.21%
• 6M: 6.01%
• 1Y: 2.54%
• 3Y*: 6.67%
• 5Y*: 5.52%
• 10Y*: 7.17%

GXPS

• 1D: -0.18%
• 1M: -3.77%
• YTD: 6.95%
• 6M: 6.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XLP vs. GXPS - Yearly Performance Comparison

	2026 (YTD)	2025
XLP State Street Consumer Staples Select Sector SPDR ETF	6.21%	-3.44%
GXPS Global X PureCap MSCI Consumer Staples ETF	6.95%	-1.72%

Correlation

The correlation between XLP and GXPS is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.95

Return for Risk

XLP vs. GXPS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XLP

XLP Risk / Return Rank: 12
XLP Sharpe Ratio Rank: 12
XLP Sortino Ratio Rank: 12
XLP Omega Ratio Rank: 11
XLP Calmar Ratio Rank: 12
XLP Martin Ratio Rank: 12

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.

XLP vs. GXPS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Consumer Staples Select Sector SPDR ETF (XLP) and Global X PureCap MSCI Consumer Staples ETF (GXPS). 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.

	XLP	GXPS	Difference
Sharpe ratio: Return per unit of total volatility	0.20	—	—
Sortino ratio: Return per unit of downside risk	0.38	—	—
Omega ratio: Gain probability vs. loss probability	1.04	—	—
Calmar ratio: Return relative to maximum drawdown	0.26	—	—
Martin ratio: Return relative to average drawdown	0.52	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	XLP	GXPS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.20	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.43	+0.01

Drawdowns

XLP vs. GXPS - Drawdown Comparison

The maximum XLP drawdown since its inception was -35.90%, which is greater than GXPS's maximum drawdown of -9.20%. Use the drawdown chart below to compare losses from any high point for XLP and GXPS.

Drawdown Indicators

	XLP	GXPS	Difference
Max Drawdown Largest peak-to-trough decline	-35.90%	-9.20%	-26.70%
Max Drawdown (1Y) Largest decline over 1 year	-9.69%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-12.39%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.30%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-24.51%	—	—
Current Drawdown Current decline from peak	-8.34%	-8.14%	-0.20%
Average Drawdown Average peak-to-trough decline	-7.06%	-3.89%	-3.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.94%	—	—

Volatility

Volatility by Period

	XLP	GXPS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.90%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.66%	13.94%	-1.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.29%	13.94%	-0.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.73%	13.94%	+0.79%

XLP vs. GXPS - Expense Ratio Comparison

XLP has a 0.08% expense ratio, which is lower than GXPS's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XLP vs. GXPS - Dividend Comparison

XLP's dividend yield for the trailing twelve months is around 2.65%, more than GXPS's 0.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GXPS Global X PureCap MSCI Consumer Staples ETF	0.56%	0.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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%

Frequently Asked Questions

Can I hold both XLP and GXPS in my portfolio?

With a correlation of 0.95, XLP and GXPS 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 ETF is better, XLP or GXPS?

On fees, XLP is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XLP or GXPS?

XLP is cheaper with a 0.08% expense ratio, compared with 0.25% for GXPS.

Which ETF pays a higher dividend yield, XLP or GXPS?

XLP has the higher dividend yield at 2.65%, compared with 0.56% for GXPS.

What is the main difference between XLP and GXPS?

XLP tracks Consumer Staples Select Sector Index, while GXPS tracks MSCI USA Consumer Staples Index. They also come from different issuers: State Street and Global X. Their fees differ too: 0.08% for XLP and 0.25% for GXPS.