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XLP vs. PSL
Performance
Return for Risk
Dividends
Drawdowns
Volatility

XLP vs. PSL

Last updated Apr 1, 2026

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

XLP and PSL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both XLP and PSL 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

XLP vs. PSL - 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 Invesco DWA Consumer Staples Momentum ETF (PSL). The values are adjusted to include any dividend payments, if applicable.

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XLP vs. PSL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
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%

Returns By Period

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

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%

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%
*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.

State Street Consumer Staples Select Sector SPDR ETF

Invesco DWA Consumer Staples Momentum ETF

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

XLP vs. PSL - Expense Ratio Comparison

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

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

Return for Risk

XLP vs. PSL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
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
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
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. PSL - 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 Invesco DWA Consumer Staples Momentum ETF (PSL). 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.

XLPPSLDifference

Sharpe ratio

Return per unit of total volatility

0.23

0.07

+0.16

Sortino ratio

Return per unit of downside risk

0.42

0.20

+0.22

Omega ratio

Gain probability vs. loss probability

1.05

1.03

+0.03

Calmar ratio

Return relative to maximum drawdown

0.49

0.16

+0.33

Martin ratio

Return relative to average drawdown

1.19

0.38

+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.

XLP vs. PSL - Sharpe Ratio Comparison

The current XLP Sharpe Ratio is 0.23, which is higher than the PSL Sharpe Ratio of 0.07. The chart below compares the historical Sharpe Ratios of XLP and PSL, 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

XLPPSLDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.23

0.07

+0.16

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.50

0.29

+0.22

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.49

0.47

+0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.44

0.55

-0.11

Correlation

The correlation between XLP and PSL 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

XLP vs. PSL - Dividend Comparison

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

TTM20252024202320222021202020192018201720162015
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%
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%

Drawdowns

XLP vs. PSL - Drawdown Comparison

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

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Drawdown Indicators

XLPPSLDifference

Max Drawdown

Largest peak-to-trough decline

-35.90%

-41.58%

+5.68%

Max Drawdown (1Y)

Largest decline over 1 year

-9.69%

-13.64%

+3.95%

Max Drawdown (5Y)

Largest decline over 5 years

-16.30%

-22.35%

+6.05%

Max Drawdown (10Y)

Largest decline over 10 years

-24.51%

-34.67%

+10.16%

Current Drawdown

Current decline from peak

-8.41%

-7.09%

-1.32%

Average Drawdown

Average peak-to-trough decline

-7.06%

-5.82%

-1.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.03%

5.76%

-1.73%

Volatility

XLP vs. PSL - Volatility Comparison

State Street Consumer Staples Select Sector SPDR ETF (XLP) and Invesco DWA Consumer Staples Momentum ETF (PSL) have volatilities of 3.93% and 4.01%, 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

XLPPSLDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.93%

4.01%

-0.08%

Volatility (6M)

Calculated over the trailing 6-month period

9.34%

9.86%

-0.52%

Volatility (1Y)

Calculated over the trailing 1-year period

13.90%

14.67%

-0.77%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.14%

15.24%

-2.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.69%

16.49%

-1.80%