XLY vs. WANT

Last updated Jun 5, 2026

XLY (Consumer Discretionary Select Sector SPDR Fund) and WANT (Direxion Daily Consumer Discretionary Bull 3X Shares) are both exchange-traded funds - XLY is a Consumer Discretionary Equities fund tracking the Consumer Discretionary Select Sector Index, while WANT is a Leveraged Equities fund tracking the S&P Consumer Discretionary Select Sector Index (-300%). Both are passively managed. Over the past 5 years, XLY returned 7.39%/yr vs -5.12%/yr for WANT. With a 1.00 correlation, they move nearly in lockstep. XLY charges 0.13%/yr vs 0.98%/yr for WANT.

Performance

XLY vs. WANT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Consumer Discretionary Select Sector SPDR Fund (XLY) and Direxion Daily Consumer Discretionary Bull 3X Shares (WANT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLY achieves a -1.60% return, which is significantly higher than WANT's -13.00% return.

XLY

• 1D: 0.45%
• 1M: -0.69%
• YTD: -1.60%
• 6M: -1.13%
• 1Y: 10.01%
• 3Y*: 15.13%
• 5Y*: 7.39%
• 10Y*: 12.63%

WANT

• 1D: 1.25%
• 1M: -3.67%
• YTD: -13.00%
• 6M: -12.78%
• 1Y: 8.75%
• 3Y*: 19.38%
• 5Y*: -5.12%
• 10Y*: —

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

XLY vs. WANT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
XLY Consumer Discretionary Select Sector SPDR Fund	-1.60%	7.37%	26.51%	39.64%	-36.27%	27.93%	29.63%	28.39%	-7.29%
WANT Direxion Daily Consumer Discretionary Bull 3X Shares	-13.00%	-6.94%	60.52%	114.43%	-83.03%	84.81%	45.26%	90.07%	-24.91%

Correlation

The correlation between XLY and WANT is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (All Time) Calculated using the full available price history since Nov 30, 2018	1.00

The correlation between XLY and WANT has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

XLY vs. WANT - Sectors Allocation Comparison

Sectors	XLY	WANT
Consumer Cyclical	97.5%	19.4%
Communication Services	1.4%	0.3%
Technology	0.9%	0.2%
Industrials	0.1%	0.0%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

XLY vs. WANT — 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: 20

WANT

WANT Risk / Return Rank: 13
WANT Sharpe Ratio Rank: 12
WANT Sortino Ratio Rank: 14
WANT Omega Ratio Rank: 14
WANT Calmar Ratio Rank: 12
WANT 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.

XLY vs. WANT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Consumer Discretionary Select Sector SPDR Fund (XLY) and Direxion Daily Consumer Discretionary Bull 3X Shares (WANT). 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	WANT	Difference
Sharpe ratio: Return per unit of total volatility	0.55	0.16	+0.39
Sortino ratio: Return per unit of downside risk	0.89	0.61	+0.28
Omega ratio: Gain probability vs. loss probability	1.10	1.07	+0.03
Calmar ratio: Return relative to maximum drawdown	0.67	0.21	+0.46
Martin ratio: Return relative to average drawdown	2.11	0.58	+1.53
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. WANT - Sharpe Ratio Comparison

The current XLY Sharpe Ratio is 0.55, which is higher than the WANT Sharpe Ratio of 0.16. The chart below compares the historical Sharpe Ratios of XLY and WANT, 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	WANT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.55	0.16	+0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	-0.07	+0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.12	+0.31

Drawdowns

XLY vs. WANT - Drawdown Comparison

The maximum XLY drawdown since its inception was -59.05%, smaller than the maximum WANT drawdown of -85.89%. Use the drawdown chart below to compare losses from any high point for XLY and WANT.

Drawdown Indicators

	XLY	WANT	Difference
Max Drawdown Largest peak-to-trough decline	-59.05%	-85.89%	+26.84%
Max Drawdown (1Y) Largest decline over 1 year	-14.98%	-41.27%	+26.29%
Max Drawdown (3Y) Largest decline over 3 years	-26.01%	-63.53%	+37.52%
Max Drawdown (5Y) Largest decline over 5 years	-39.67%	-85.89%	+46.22%
Max Drawdown (10Y) Largest decline over 10 years	-39.67%	—	—
Current Drawdown Current decline from peak	-5.64%	-58.07%	+52.43%
Average Drawdown Average peak-to-trough decline	-9.56%	-43.08%	+33.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.76%	15.17%	-10.41%

Volatility

XLY vs. WANT - Volatility Comparison

The current volatility for Consumer Discretionary Select Sector SPDR Fund (XLY) is 5.17%, while Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) has a volatility of 15.47%. This indicates that XLY experiences smaller price fluctuations and is considered to be less risky than WANT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLY	WANT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.17%	15.47%	-10.30%
Volatility (6M) Calculated over the trailing 6-month period	13.10%	38.88%	-25.78%
Volatility (1Y) Calculated over the trailing 1-year period	18.16%	53.92%	-35.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.78%	70.64%	-46.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.05%	71.48%	-49.43%

XLY vs. WANT - Expense Ratio Comparison

XLY has a 0.13% expense ratio, which is lower than WANT's 0.98% expense ratio.

Dividends

XLY vs. WANT - Dividend Comparison

XLY's dividend yield for the trailing twelve months is around 0.76%, more than WANT's 0.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WANT Direxion Daily Consumer Discretionary Bull 3X Shares	0.62%	0.65%	0.61%	0.46%	0.00%	0.00%	0.07%	0.64%	0.00%	0.00%	0.00%	0.00%
XLY Consumer Discretionary Select Sector SPDR Fund	0.76%	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 WANT in my portfolio?

With a correlation of 1.00, XLY and WANT 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 is riskier, XLY or WANT?

WANT has higher volatility (15.47%) compared to XLY (5.17%). In terms of maximum drawdown, XLY dropped -59.05% vs WANT's -85.89%.

Which ETF is better, XLY or WANT?

On 5-year performance, XLY leads with 7.39% vs -5.12% for WANT. On fees, XLY is cheaper at 0.13% per year. On volatility, XLY has been the lower-risk option at 5.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XLY or WANT?

Over the 5-year period, XLY has performed better with a 7.39% return vs -5.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XLY or WANT?

XLY is cheaper with a 0.13% expense ratio, compared with 0.98% for WANT.

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

XLY has the higher dividend yield at 0.76%, compared with 0.62% for WANT.

What is the main difference between XLY and WANT?

XLY is categorized as Consumer Discretionary Equities, while WANT is Leveraged Equities. XLY tracks Consumer Discretionary Select Sector Index, while WANT tracks S&P Consumer Discretionary Select Sector Index (-300%). They also come from different issuers: State Street and Direxion. Their fees differ too: 0.13% for XLY and 0.98% for WANT.

Which has better risk-adjusted returns?

XLY currently has the higher Sharpe Ratio (0.55 vs 0.16), 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.