Data as of Oct 28, 2026.
SPYM vs XLY: Differences, Returns & Fees
Over the year to Oct 28, 2026, SPYM returned +13.7% to XLY's −3.6%; 9% of their weight is in the same names.
askIQ about this page
askIQ about SPYM and XLY
Net assets on Oct 27, 2026: $185.0bn for State Street SPDR Portfolio S&P 500 ETF and $22.4bn for State Street Consumer Discretionary Select Sector SPDR ETF.
Pair scorecard
SPYM costs 0.06 points a year less; their one-year returns differ by 17.3 points; SPYM is 8.3 times larger.
| Measure | SPYM | XLY |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.7% | −3.6% |
| Drawdown | ||
| Below its high | 6.8%, high on Jan 12, 2026 | |
| Benchmark | ||
| What it tracks | S&P 500 Index | Consumer Discretionary Select Sector Index |
| Cost and size | ||
| Expense ratio | 0.02% | 0.08% |
| Net assets, as of Oct 27, 2026 | $185.0bn | $22.4bn |
| Holdings | ||
| Holdings in common | 9% | |
| Top ten holdings, share of the fund | 38.1% | 68.5% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Nov 25, 2005 to Oct 23, 2026 · 1,091 weekly returnsEach against its own benchmark: SPYM against IVV, Nov 25, 2005 to Oct 23, 2026; XLY against SPY, Dec 31, 1998 to Oct 23, 2026.
SPYM returned slightly more: +793.5% to +774.6%. SPYM swung less: 17.2% to 21.7%. SPYM fell slightly less at its worst: −53.9% to −58.4%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | SPYM | XLY | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +793.5% | +774.6% | SPYM (slight) | Price change plus distributions, reinvested. |
| Annualized | +11.0% | +10.9% | Tie | Total return as a yearly rate. |
| Price return | +516.4% | +571.6% | XLY (slight) | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 17.2% | 21.7% | SPYM | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.1% | 14.7% | SPYM | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −53.9% | −58.4% | SPYM (slight) | Deepest fall from a high to the low after it. |
| Upside capture | 94.1% | 118.0% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 96.9% | 106.8% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.96 | 1.10 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.95 | 0.77 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.59 | 0.50 | SPYM | Return above Treasury bills per unit of volatility. |
| Sortino | 0.84 | 0.74 | SPYM | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.106 | 0.087 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.20 | 0.19 | SPYM (slight) | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | IVV | SPY | The ETF each fund is measured against. | |
| Alpha | +0.4% a year | +0.7% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.53 | 0.34 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −1.2% to +2.0% | −3.2% to +4.6% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.00 | 0.14 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 3.8% | 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, 1,091 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, SPYM and XLY hold 9% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
9% in common
Only in one fund ↓
Side by side
SPYM and XLY on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SPYM and XLY do different jobs. What does each one do in a portfolio?
- What each follows. SPYM follows S&P 500 Index and XLY follows Consumer Discretionary Select Sector Index.
- Holdings in common. 9% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 SPYM returned +13.7% and XLY −3.6% with distributions reinvested, a gap of 17.3 points.
Data as of Oct 28, 2026.
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
SPYM
SPYM tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.02% 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 506 positions, with the top ten at 38.1%.
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, SPYM or XLY?
- In the year to Oct 28, 2026, with distributions reinvested, SPYM returned +13.7% and XLY −3.6%.
- Which is cheaper, SPYM or XLY?
- SPYM is cheaper, by 0.06 percentage points a year. That is about $6 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.
Cite this pageCitation, APA and Markdown
ETFIQ, SPYM against XLY, data as of Oct 28, 2026. https://etfiq.com/compare/any/spym-vs-xly
ETFIQ. (Oct 28, 2026). SPYM against XLY. Retrieved from https://etfiq.com/compare/any/spym-vs-xly
[SPYM against XLY (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/spym-vs-xly)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.