XLY vs. XLYI

Last updated Jul 18, 2026

XLY (Consumer Discretionary Select Sector SPDR Fund) and XLYI (State Street Consumer Discretionary Select Sector SPDR Premium Income ETF) are both exchange-traded funds - XLY is a Consumer Discretionary Equities fund tracking the Consumer Discretionary Select Sector Index, while XLYI is a Derivative Income fund actively managed by State Street. XLY is passively managed, while XLYI is actively managed. With a 0.98 correlation, they move nearly in lockstep. XLY charges 0.13%/yr vs 0.35%/yr for XLYI.

Performance

XLY vs. XLYI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Consumer Discretionary Select Sector SPDR Fund (XLY) and State Street Consumer Discretionary Select Sector SPDR Premium Income ETF (XLYI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLY achieves a -2.94% return, which is significantly lower than XLYI's -1.01% return.

XLY

• 1D: -1.62%
• 1M: 0.16%
• 6M: -5.23%
• YTD: -2.94%
• 1Y: 5.66%
• 3Y*: 10.29%
• 5Y*: 6.21%
• 10Y*: 12.18%

XLYI

• 1D: -1.08%
• 1M: 0.81%
• 6M: -3.40%
• YTD: -1.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XLY vs. XLYI - Yearly Performance Comparison

	2026 (YTD)	2025
XLY Consumer Discretionary Select Sector SPDR Fund	-2.94%	6.72%
XLYI State Street Consumer Discretionary Select Sector SPDR Premium Income ETF	-1.01%	5.63%

Correlation

The correlation between XLY and XLYI is 0.98 - 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 (All Time) Calculated using the full available price history since Jul 30, 2025	0.98

XLY vs. XLYI - Sectors Allocation Comparison

Sectors	XLY	XLYI
Consumer Cyclical	99.0%	-
Communication Services	1.5%	-
Technology	0.9%	-
Industrials	0.1%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	99.2%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

XLY vs. XLYI — Risk / Return Rank

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

XLY

XLY Risk / Return Rank: 15
XLY Sharpe Ratio Rank: 15
XLY Sortino Ratio Rank: 14
XLY Omega Ratio Rank: 14
XLY Calmar Ratio Rank: 15
XLY Martin Ratio Rank: 16

XLYI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. XLYI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Consumer Discretionary Select Sector SPDR Fund (XLY) and State Street Consumer Discretionary Select Sector SPDR Premium Income ETF (XLYI). 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.

	XLY	XLYI	Difference
Sharpe ratio: Return per unit of total volatility	0.30	—	—
Sortino ratio: Return per unit of downside risk	0.56	—	—
Omega ratio: Gain probability vs. loss probability	1.06	—	—
Calmar ratio: Return relative to maximum drawdown	0.38	—	—
Martin ratio: Return relative to average drawdown	1.08	—	—

Drawdowns

XLY vs. XLYI - Drawdown Comparison

The maximum XLY drawdown since its inception was -59.05%, which is greater than XLYI's maximum drawdown of -12.32%. Use the drawdown chart below to compare losses from any high point for XLY and XLYI.

Drawdown Indicators

	XLY	XLYI	Difference
Max Drawdown Largest peak-to-trough decline	-59.05%	-12.32%	-46.73%
Max Drawdown (1Y) Largest decline over 1 year	-14.98%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.01%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-39.67%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.67%	—	—
Current Drawdown Current decline from peak	-6.92%	-4.54%	-2.38%
Average Drawdown Average peak-to-trough decline	-9.54%	-3.16%	-6.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.22%	—	—

Volatility

Volatility by Period

	XLY	XLYI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.99%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.14%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.71%	15.66%	+3.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.96%	15.66%	+8.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.09%	15.66%	+6.43%

XLY vs. XLYI - Expense Ratio Comparison

XLY has a 0.13% expense ratio, which is lower than XLYI's 0.35% expense ratio.

Dividends

XLY vs. XLYI - Dividend Comparison

XLY's dividend yield for the trailing twelve months is around 0.78%, less than XLYI's 14.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XLY Consumer Discretionary Select Sector SPDR Fund	0.78%	0.79%	0.72%	0.78%	1.00%	0.53%	0.82%	1.28%	1.34%	1.20%	1.71%	1.43%
XLYI State Street Consumer Discretionary Select Sector SPDR Premium Income ETF	14.90%	6.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XLY and XLYI in my portfolio?

With a correlation of 0.98, XLY and XLYI 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, XLY or XLYI?

On fees, XLY is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XLY or XLYI?

XLY is cheaper with a 0.13% expense ratio, compared with 0.35% for XLYI.

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

XLYI has the higher dividend yield at 14.90%, compared with 0.78% for XLY.

What is the main difference between XLY and XLYI?

XLY is categorized as Consumer Discretionary Equities, while XLYI is Derivative Income. Their fees differ too: 0.13% for XLY and 0.35% for XLYI.