Data as of Oct 28, 2026.
SPYG vs XLY: Differences, Returns & Fees
Over the year to Oct 28, 2026, SPYG returned +12.2% to XLY's −3.6%; 8% of their weight is in the same names.
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Net assets on Oct 27, 2026: $55.9bn for State Street SPDR Portfolio S&P 500 Growth ETF and $22.4bn for State Street Consumer Discretionary Select Sector SPDR ETF.
Pair scorecard
SPYG costs 0.04 points a year less; their one-year returns differ by 15.8 points; SPYG is 2.5 times larger.
| Measure | SPYG | XLY |
|---|---|---|
| Return | ||
| Total return, 1 year | +12.2% | −3.6% |
| Drawdown | ||
| Below its high | 4.1%, high on Oct 6, 2026 | 6.8%, high on Jan 12, 2026 |
| Benchmark | ||
| What it tracks | S&P 500 Growth Index | Consumer Discretionary Select Sector Index |
| Cost and size | ||
| Expense ratio | 0.04% | 0.08% |
| Net assets, as of Oct 27, 2026 | $55.9bn | $22.4bn |
| Holdings | ||
| Holdings in common | 8% | |
| Top ten holdings, share of the fund | 59.6% | 68.5% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Oct 13, 2000 to Oct 23, 2026 · 1,358 weekly returnsEach against its own benchmark: SPYG against IVW, Oct 13, 2000 to Oct 23, 2026; XLY against SPY, Dec 31, 1998 to Oct 23, 2026.
XLY returned more: +1,269.7% to +634.7%. SPYG swung slightly less: 19.7% to 21.6%. XLY fell slightly less at its worst: −58.4% to −64.7%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | SPYG | XLY | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +634.7% | +1,269.7% | XLY | Price change plus distributions, reinvested. |
| Annualized | +7.9% | +10.5% | XLY | Total return as a yearly rate. |
| Price return | +457.3% | +913.9% | XLY | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.7% | 21.6% | SPYG (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 14.0% | 14.7% | SPYG (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −64.7% | −58.4% | XLY (slight) | Deepest fall from a high to the low after it. |
| Upside capture | 104.2% | 118.0% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 103.2% | 106.8% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.05 | 1.10 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.92 | 0.77 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.40 | 0.49 | XLY | Return above Treasury bills per unit of volatility. |
| Sortino | 0.56 | 0.72 | XLY | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.074 | 0.087 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.12 | 0.18 | XLY | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | IVW | SPY | The ETF each fund is measured against. | |
| Alpha | −1.1% a year | +0.7% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −1.00 | 0.34 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −3.2% to +1.1% | −3.2% to +4.6% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.11 | 0.14 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 5.6% | 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, 1,358 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, SPYG and XLY hold 8% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
8% in common
Only in one fund ↓
Side by side
SPYG and XLY on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SPYG and XLY do different jobs. What does each one do in a portfolio?
- What each follows. SPYG follows S&P 500 Growth Index and XLY follows Consumer Discretionary Select Sector Index.
- Holdings in common. 8% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 SPYG returned +12.2% and XLY −3.6% with distributions reinvested, a gap of 15.8 points.
Data as of Oct 28, 2026.
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SPYG
SPYG tracks the S&P 500 Growth. Over the year to Oct 28, 2026 it returned +12.2% with distributions reinvested, against +12.1% for its benchmark, the S&P 500 Growth Index. The prospectus expense ratio is 0.04% 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 152 positions, with the top ten at 59.6%. It sat 4.1% below its high of Oct 6, 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, SPYG or XLY?
- In the year to Oct 28, 2026, with distributions reinvested, SPYG returned +12.2% and XLY −3.6%.
- Which is cheaper, SPYG or XLY?
- SPYG is cheaper, by 0.04 percentage points a year. That is about $4 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, SPYG against XLY, data as of Oct 28, 2026. https://etfiq.com/compare/any/spyg-vs-xly
ETFIQ. (Oct 28, 2026). SPYG against XLY. Retrieved from https://etfiq.com/compare/any/spyg-vs-xly
[SPYG against XLY (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/spyg-vs-xly)
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