XLY vs. MOAT

Last updated Jun 9, 2026

XLY (Consumer Discretionary Select Sector SPDR Fund) and MOAT (VanEck Morningstar Wide Moat ETF) are both exchange-traded funds - XLY is a Consumer Discretionary Equities fund tracking the Consumer Discretionary Select Sector Index, while MOAT is a Large Cap Blend Equities fund tracking the Morningstar Wide Moat Focus Index. Both are passively managed. Over the past 10 years, XLY returned 12.57%/yr vs 13.45%/yr for MOAT. A 0.76 correlation means they provide meaningful diversification when combined. XLY charges 0.13%/yr vs 0.47%/yr for MOAT.

Performance

XLY vs. MOAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Consumer Discretionary Select Sector SPDR Fund (XLY) and VanEck Morningstar Wide Moat ETF (MOAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLY achieves a -3.17% return, which is significantly lower than MOAT's -1.74% return. Over the past 10 years, XLY has underperformed MOAT with an annualized return of 12.57%, while MOAT has yielded a comparatively higher 13.45% annualized return.

XLY

• 1D: 0.46%
• 1M: -4.00%
• YTD: -3.17%
• 6M: -1.81%
• 1Y: 9.63%
• 3Y*: 13.63%
• 5Y*: 6.99%
• 10Y*: 12.57%

MOAT

• 1D: -0.28%
• 1M: 0.23%
• YTD: -1.74%
• 6M: -1.13%
• 1Y: 13.15%
• 3Y*: 10.81%
• 5Y*: 7.70%
• 10Y*: 13.45%

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

XLY vs. MOAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XLY Consumer Discretionary Select Sector SPDR Fund	-3.17%	7.37%	26.51%	39.64%	-36.27%	27.93%	29.63%	28.39%	1.58%	22.82%
MOAT VanEck Morningstar Wide Moat ETF	-1.74%	13.20%	10.73%	31.89%	-13.66%	24.12%	14.84%	34.79%	-1.28%	23.18%

Correlation

The correlation between XLY and MOAT is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Apr 26, 2012	0.76

The correlation between XLY and MOAT shifts across timeframes, from 0.66 (1 year) to 0.77 (10 years), reflecting how their relationship changes across market environments.

XLY vs. MOAT - Sectors Allocation Comparison

Sectors	XLY	MOAT
Consumer Cyclical	97.6%	10.3%
Communication Services	1.3%	2.4%
Technology	0.9%	32.8%
Industrials	0.1%	13.5%
Basic Materials	-	-
Consumer Defensive	-	17.5%
Energy	-	-
Financial Services	-	6.7%
Healthcare	-	16.0%
Real Estate	-	0.8%
Utilities	-	-

Return for Risk

XLY vs. MOAT — Risk / Return Rank

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

XLY

XLY Risk / Return Rank: 18
XLY Sharpe Ratio Rank: 19
XLY Sortino Ratio Rank: 18
XLY Omega Ratio Rank: 18
XLY Calmar Ratio Rank: 18
XLY Martin Ratio Rank: 19

MOAT

MOAT Risk / Return Rank: 27
MOAT Sharpe Ratio Rank: 29
MOAT Sortino Ratio Rank: 29
MOAT Omega Ratio Rank: 27
MOAT Calmar Ratio Rank: 25
MOAT Martin Ratio Rank: 26

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.

XLY vs. MOAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Consumer Discretionary Select Sector SPDR Fund (XLY) and VanEck Morningstar Wide Moat ETF (MOAT). 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.

	XLY	MOAT	Difference
Sharpe ratio: Return per unit of total volatility	0.54	0.95	-0.42
Sortino ratio: Return per unit of downside risk	0.87	1.45	-0.58
Omega ratio: Gain probability vs. loss probability	1.10	1.17	-0.06
Calmar ratio: Return relative to maximum drawdown	0.65	1.06	-0.42
Martin ratio: Return relative to average drawdown	2.01	3.29	-1.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XLY vs. MOAT - Sharpe Ratio Comparison

The current XLY Sharpe Ratio is 0.54, which is lower than the MOAT Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of XLY and MOAT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XLY	MOAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.54	0.95	-0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.43	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.72	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.77	-0.34

Drawdowns

XLY vs. MOAT - Drawdown Comparison

The maximum XLY drawdown since its inception was -59.05%, which is greater than MOAT's maximum drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for XLY and MOAT.

Drawdown Indicators

	XLY	MOAT	Difference
Max Drawdown Largest peak-to-trough decline	-59.05%	-33.31%	-25.74%
Max Drawdown (1Y) Largest decline over 1 year	-14.98%	-12.43%	-2.55%
Max Drawdown (3Y) Largest decline over 3 years	-26.01%	-21.44%	-4.57%
Max Drawdown (5Y) Largest decline over 5 years	-39.67%	-23.96%	-15.71%
Max Drawdown (10Y) Largest decline over 10 years	-39.67%	-33.31%	-6.36%
Current Drawdown Current decline from peak	-7.15%	-5.49%	-1.66%
Average Drawdown Average peak-to-trough decline	-9.56%	-3.83%	-5.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.80%	4.01%	+0.79%

Volatility

XLY vs. MOAT - Volatility Comparison

Consumer Discretionary Select Sector SPDR Fund (XLY) has a higher volatility of 5.32% compared to VanEck Morningstar Wide Moat ETF (MOAT) at 4.01%. This indicates that XLY's price experiences larger fluctuations and is considered to be riskier than MOAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLY	MOAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.32%	4.01%	+1.31%
Volatility (6M) Calculated over the trailing 6-month period	13.22%	9.90%	+3.32%
Volatility (1Y) Calculated over the trailing 1-year period	18.09%	13.90%	+4.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.80%	18.19%	+5.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.06%	18.69%	+3.37%

XLY vs. MOAT - Expense Ratio Comparison

XLY has a 0.13% expense ratio, which is lower than MOAT's 0.47% expense ratio.

Dividends

XLY vs. MOAT - Dividend Comparison

XLY's dividend yield for the trailing twelve months is around 0.77%, less than MOAT's 1.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MOAT VanEck Morningstar Wide Moat ETF	1.38%	1.36%	1.37%	0.86%	1.25%	1.08%	1.46%	1.31%	1.79%	1.07%	1.17%	2.13%
XLY Consumer Discretionary Select Sector SPDR Fund	0.77%	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 XLY and MOAT in my portfolio?

XLY and MOAT have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XLY or MOAT?

XLY has higher volatility (5.32%) compared to MOAT (4.01%). In terms of maximum drawdown, XLY dropped -59.05% vs MOAT's -33.31%.

Which ETF is better, XLY or MOAT?

On 10-year performance, MOAT leads with 13.45% vs 12.57% for XLY. On fees, XLY is cheaper at 0.13% per year. On volatility, MOAT has been the lower-risk option at 4.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XLY or MOAT?

Over the 10-year period, MOAT has performed better with a 13.45% return vs 12.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XLY or MOAT?

XLY is cheaper with a 0.13% expense ratio, compared with 0.47% for MOAT.

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

MOAT has the higher dividend yield at 1.38%, compared with 0.77% for XLY.

What is the main difference between XLY and MOAT?

XLY is categorized as Consumer Discretionary Equities, while MOAT is Large Cap Blend Equities. XLY tracks Consumer Discretionary Select Sector Index, while MOAT tracks Morningstar Wide Moat Focus Index. They also come from different issuers: State Street and VanEck. Their fees differ too: 0.13% for XLY and 0.47% for MOAT.

Which has better risk-adjusted returns?

MOAT currently has the higher Sharpe Ratio (0.95 vs 0.54), 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.