Data as of Oct 28, 2026.
XLY vs XLYI: Differences, Returns & Fees
Over the year to Oct 28, 2026, XLY returned −3.6% to XLYI's −0.8%, and XLY charges 0.08% to XLYI's 0.35%.
askIQ about this page
askIQ about XLY and XLYI
Net assets on Oct 27, 2026: $22.4bn for State Street Consumer Discretionary Select Sector SPDR ETF and $45m for State Street Consumer Discretionary Select Sector SPDR Premium Income ETF.
Pair scorecard
XLY costs 0.27 points a year less; their one-year returns differ by 2.8 points; XLY is far larger, $22.4bn against $45m.
| Measure | XLY | XLYI |
|---|---|---|
| Return | ||
| Total return, 1 year | −3.6% | −0.8% |
| Price change, 1 year | fell 4.3% | fell 13.9% |
| Latest payout, annualized | 14.0% | |
| Return of capital, issuer estimate | 85% of the Oct 5, 2026 payment | |
| Drawdown | ||
| Below its high | 6.8%, high on Jan 12, 2026 | |
| Benchmark | ||
| What it tracks | Consumer Discretionary Select Sector Index | Benchmark: Consumer discretionary, measured through XLY |
| Cost and size | ||
| Expense ratio | 0.08% | 0.35% |
| Net assets, as of Oct 27, 2026 | $22.4bn | $45m |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 68.5% | |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Aug 8, 2025 to Oct 23, 2026 · 63 weekly returnsEach against its own benchmark: XLY against SPY, Dec 31, 1998 to Oct 23, 2026; XLYI against XLY, Aug 8, 2025 to Oct 23, 2026.
XLYI returned more: +4.1% to +2.1%. XLYI swung less: 14.7% to 17.8%. XLYI fell less at its worst: −12.3% to −14.9%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | XLY | XLYI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +2.1% | +4.1% | XLYI | Price change plus distributions, reinvested. |
| Annualized | +1.7% | +3.4% | XLYI | Total return as a yearly rate. |
| Price return | +1.1% | −12.1% | XLY | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 17.8% | 14.7% | XLYI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.8% | 10.1% | XLYI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −14.9% | −12.3% | XLYI | Deepest fall from a high to the low after it. |
| Upside capture | 118.0% | 75.5% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 106.8% | 86.7% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.10 | 0.80 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.77 | 0.96 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | −0.03 | 0.04 | XLYI | Return above Treasury bills per unit of volatility. |
| Sortino | −0.05 | 0.06 | XLYI | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.087 | 0.007 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.12 | 0.28 | XLYI | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | SPY | XLY | The ETF each fund is measured against. | |
| Alpha | +0.7% a year | +1.0% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.34 | 0.36 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −3.2% to +4.6% | −4.6% to +6.6% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.14 | 0.24 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 10.6% | 4.6% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 63 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, XLY and XLYI hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
XLY and XLYI on the fields both publish, as of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
XLY and XLYI do different jobs. What does each one do in a portfolio?
- What each follows. XLY follows Consumer Discretionary Select Sector Index and XLYI is measured against Consumer discretionary through XLY.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 XLY returned −3.6% and XLYI −0.8% with distributions reinvested, a gap of 2.8 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.
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.
XLYI
Over the year to Oct 28, 2026, XLYI paid 13.1% of its starting value in cash distributions while its price fell 13.9%. With every distribution reinvested, the fund returned −0.8%. Consumer discretionary (XLY) returned −3.6% over the same days, so a holder was ahead by 2.8 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 14.0%, paid monthly. State Street estimates that 85% of the distribution paid Oct 5, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
- Are XLY and XLYI in the same category?
- XLY is a stock ETF and XLYI is an option-income ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, XLY or XLYI?
- In the year to Oct 28, 2026, with distributions reinvested, XLY returned −3.6% and XLYI −0.8%.
- Which is cheaper, XLY or XLYI?
- XLY is cheaper, by 0.27 percentage points a year. That is about $27 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, XLY against XLYI, data as of Oct 28, 2026. https://etfiq.com/compare/any/xly-vs-xlyi
ETFIQ. (Oct 28, 2026). XLY against XLYI. Retrieved from https://etfiq.com/compare/any/xly-vs-xlyi
[XLY against XLYI (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/xly-vs-xlyi)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.