XLSI vs. PAPI
XLSI (Consumer Staples Select Sector SPDR Premium Income ETF) and PAPI (Parametric Equity Premium Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, XLSI returned 6.59% vs 19.72% for PAPI. Their 0.49 correlation means their historical movements had little consistent relationship. XLSI charges 0.35%/yr vs 0.29%/yr for PAPI.
Performance
XLSI vs. PAPI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XLSI achieves a 6.67% return, which is significantly lower than PAPI's 12.17% return.
XLSI
- 1D
- 0.02%
- 1M
- 0.27%
- 6M
- 1.55%
- YTD
- 6.67%
- 1Y
- 6.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.53%
PAPI
- 1D
- -0.23%
- 1M
- 2.42%
- 6M
- 5.56%
- YTD
- 12.17%
- 1Y
- 19.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.62%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.06M | $2.02M | $1.93M | |
| $285.83K | $265.98K | $245.15K |
XLSI vs. PAPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XLSI Consumer Staples Select Sector SPDR Premium Income ETF | 6.67% | -1.06% |
PAPI Parametric Equity Premium Income ETF | 12.17% | 3.74% |
Correlation
The correlation between XLSI and PAPI is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025 | 0.49 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XLSI vs. PAPI — Risk / Return Rank
XLSI
PAPI
XLSI vs. PAPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Consumer Staples Select Sector SPDR Premium Income ETF (XLSI) and Parametric Equity Premium Income ETF (PAPI). 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.
| XLSI | PAPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.31 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 2.69 | -1.78 |
| Martin ratioReturn relative to average drawdown | 1.87 | 6.78 | -4.91 |
Loading charts...
Drawdowns
XLSI vs. PAPI - Drawdown Comparison
The maximum XLSI drawdown since its inception was -7.87%, smaller than the maximum PAPI drawdown of -14.27%. Use the drawdown chart below to compare losses from any high point for XLSI and PAPI.
Loading charts...
Drawdown Indicators
| XLSI | PAPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.87% | -14.27% | +6.40% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -6.86% | -1.01% |
Current DrawdownCurrent decline from peak | -1.93% | -1.36% | -0.57% |
Average DrawdownAverage peak-to-trough decline | -3.20% | -2.72% | -0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | 2.71% | +1.11% |
Volatility
XLSI vs. PAPI - Volatility Comparison
Consumer Staples Select Sector SPDR Premium Income ETF (XLSI) has a higher volatility of 4.23% compared to Parametric Equity Premium Income ETF (PAPI) at 3.49%. This indicates that XLSI's price experiences larger fluctuations and is considered to be riskier than PAPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XLSI | PAPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 3.49% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 8.87% | 7.24% | +1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.17% | 10.44% | +0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.17% | 11.73% | -0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.17% | 11.73% | -0.56% |
XLSI vs. PAPI - Expense Ratio Comparison
XLSI has a 0.35% expense ratio, which is higher than PAPI's 0.29% expense ratio.
Dividends
XLSI vs. PAPI - Dividend Comparison
XLSI's dividend yield for the trailing twelve months is around 11.89%, more than PAPI's 7.42% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
PAPI Parametric Equity Premium Income ETF | 7.42% | 7.59% | 7.07% | 1.45% |
XLSI Consumer Staples Select Sector SPDR Premium Income ETF | 11.89% | 5.34% | 0.00% | 0.00% |
Frequently Asked Questions
XLSI and PAPI have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLSI has higher volatility (4.23%) compared to PAPI (3.49%). In terms of maximum drawdown, XLSI dropped -7.87% vs PAPI's -14.27%.
On 1-year performance, PAPI leads with 19.72% vs 6.59% for XLSI. On fees, PAPI is cheaper at 0.29% per year. On volatility, PAPI has been the lower-risk option at 3.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PAPI has performed better with a 19.72% return vs 6.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PAPI is cheaper with a 0.29% expense ratio, compared with 0.35% for XLSI.
XLSI has the higher dividend yield at 11.89%, compared with 7.42% for PAPI.
They also come from different issuers: State Street and Morgan Stanley. Their fees differ too: 0.35% for XLSI and 0.29% for PAPI.
PAPI currently has the higher Sharpe Ratio (1.77 vs 0.64), 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.
Find the right allocation for XLSI and PAPI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer