Data as of Oct 28, 2026.
SPHQ vs XLY: Differences, Returns & Fees
Over the year to Oct 28, 2026, SPHQ returned +14.1% to XLY's −3.6%; 6% of their weight is in the same names.
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Net assets on Oct 27, 2026: $18.7bn for Invesco S&P 500 Quality ETF and $22.4bn for State Street Consumer Discretionary Select Sector SPDR ETF.
Pair scorecard
XLY costs 0.07 points a year less; their one-year returns differ by 17.7 points; XLY is 1.2 times larger.
| Measure | SPHQ | XLY |
|---|---|---|
| Return | ||
| Total return, 1 year | +14.1% | −3.6% |
| Drawdown | ||
| Below its high | 6.4%, high on Jun 30, 2026 | 6.8%, high on Jan 12, 2026 |
| Benchmark | ||
| What it tracks | S&P 500 Quality Index | Consumer Discretionary Select Sector Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.08% |
| Net assets, as of Oct 27, 2026 | $18.7bn | $22.4bn |
| Holdings | ||
| Holdings in common | 6% | |
| Top ten holdings, share of the fund | 43.3% | 68.5% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Dec 16, 2005 to Oct 23, 2026 · 1,088 weekly returnsEach against its own benchmark: SPHQ against IVV, Dec 16, 2005 to Oct 23, 2026; XLY against SPY, Dec 31, 1998 to Oct 23, 2026.
XLY returned more: +777.2% to +599.2%. SPHQ swung less: 18.0% to 21.7%. SPHQ fell slightly less at its worst: −56.9% to −58.4%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | SPHQ | XLY | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +599.2% | +777.2% | XLY | Price change plus distributions, reinvested. |
| Annualized | +9.7% | +10.9% | XLY | Total return as a yearly rate. |
| Price return | +432.7% | +577.0% | XLY | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 18.0% | 21.7% | SPHQ | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.0% | 14.7% | SPHQ | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −56.9% | −58.4% | SPHQ (slight) | Deepest fall from a high to the low after it. |
| Upside capture | 91.6% | 118.0% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 97.3% | 106.8% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.94 | 1.10 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.85 | 0.77 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.51 | 0.51 | Tie | Return above Treasury bills per unit of volatility. |
| Sortino | 0.70 | 0.75 | XLY (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.097 | 0.087 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.17 | 0.19 | XLY (slight) | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | IVV | SPY | The ETF each fund is measured against. | |
| Alpha | −0.5% a year | +0.7% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.31 | 0.34 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −3.5% to +2.5% | −3.2% to +4.6% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.15 | 0.14 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 7.1% | 10.6% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,088 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, SPHQ and XLY hold 6% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
6% in common
Only in one fund ↓
Side by side
SPHQ and XLY on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SPHQ and XLY do different jobs. What does each one do in a portfolio?
- What each follows. SPHQ follows S&P 500 Quality Index and XLY follows Consumer Discretionary Select Sector Index.
- Holdings in common. 6% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 SPHQ returned +14.1% and XLY −3.6% with distributions reinvested, a gap of 17.7 points.
Data as of Oct 28, 2026.
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SPHQ
SPHQ tracks the S&P 500 Quality. Over the year to Oct 28, 2026 it returned +14.1% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 102 positions, with the top ten at 43.3%. It sat 6.4% below its high of Jun 30, 2026 on Oct 28, 2026.
XLY
XLY tracks an index of Consumer discretionary. Over the year to Oct 28, 2026 it returned −3.6% with distributions reinvested, against +13.6% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 48 positions, with the top ten at 68.5%. It sat 6.8% below its high of Jan 12, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, SPHQ or XLY?
- In the year to Oct 28, 2026, with distributions reinvested, SPHQ returned +14.1% and XLY −3.6%.
- Which is cheaper, SPHQ or XLY?
- XLY is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, SPHQ against XLY, data as of Oct 28, 2026. https://etfiq.com/compare/any/sphq-vs-xly
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[SPHQ against XLY (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/sphq-vs-xly)
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