XLY Fund Description

The Consumer Discretionary Select Sector SPDR Fund tracks a market-cap weighted index of consumer discretionary stocks drawn from the S&P 500.

XLY ETF.com Insight

XLY delivers a cheap, liquid portfolio of large-cap consumer discretionary stocks. The fund's 0.16% expense ratio ranks among the lowest in the segment, and its daily trading volume towersits daily trading volume towers over that of its competitors over that of its competitors. XLY's basket of stocks represents the sector well, despite concentration in top holdings. The concentration stems from fishing only in the S&P 500, which differs from the broad-market universe used by competing funds. The resulting basket is small, with only 84 stocks—less than a third of our benchmark's 274. By industry, XLY tilts away from retailers and toward software and IT services firms that we put outside of the space, though these biases aren't huge. The fund's large-cap exposure is roughly 10% higher than our benchmark, but overall XLY represents the space well at low all-in cost. The fund earns a spot on our Analyst Pick list. (Insight updated 04/03/2014)

  • 1 Month

  • 3 Months

  • YTD

  • 1 Year

  • 3 Years

  • 5 Years

  • Max

Performance [as of 08/28/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years

XLY
2.81% 5.66% 3.65% 20.76% 25.90% 22.80% 5.66%

XLY (NAV)
2.81% 5.66% 3.61% 20.77% 25.89% 22.78% 5.66%

S&P Consumer Discretionary Select Sector Index
2.83% 5.71% 3.72% 21.01% 26.18% 23.04% 5.71%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

XLY Top 10 Countries

XLY Top 10 Sectors View All

XLY Top 10 Holdings View All

XLY Summary Data

SSgA

A company that produces and manages ETFs.

12/16/98

The first date of a fund's operations, as documented by the issuer.

Open-Ended Fund

The organizational structure of the fund or ETN.

0.16%

The net total annual fee a fund holder pays to the issuer.

$6.58 B

The market value of total assets that a fund has accumulated and now manages on behalf of investors.

$391.5 M

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

0.02%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent.

XLY Portfolio Data

$61.91 B

Describes the average of each stock's market cap (share price x shares outstanding) scaled by its weight in the portfolio.

21.41

Weighted average ratio of prices of a fund’s stocks to trailing earnings of underlying stocks.

4.22

Weighted average ratio of prices of a fund’s stocks to the book value of underlying equity.

1.25%

The ratio of distributions paid by the fund over the past 12 months, divided by the fund’s NAV.

09/19/14

The date on which a security's price excludes an upcoming dividend.

84

The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

XLY Index Data

S&P Consumer Discretionary
Select Sector Index

This is the benchmark an ETF is desigend to track or replicate.

Market Cap

A set of rules that the underlying index provider follows to weight its constituent securities.

Committee

A set of rules that the underlying index provider follows to select its constituent securities.

Thomson Reuters US Cyclicals

This is the index that we have chosen as the best-in-class gauge for each segment's broad market.

Related ETFs to XLY

VCR, IYC, FXD, RCD, PSCD

ETFs from within the same segment or closely related segments with similar investment objectives or market exposures.

XLY ETF.com Efficiency Insight

XLY is large, cheap and efficient. With its 0.16% expense ratio, it can compete on price with any sector fund and look good. Low fund fees generally help tracking, and that's the case here: XLY tracks its index reasonably, without excessive variation. Meanwhile, the fund has avoided capital gains payouts over the last three years, and its huge $5 billion AUM all but eliminates closure risk. (Insight updated 04/03/2014)


Total Return
  • 1 Month

  • 3 Months

  • YTD

  • 1 Year

  • 3 Years

  • 5 Years

  • Max

Performance [as of 08/21/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years

XLY
1.96% 7.01% 3.17% 19.85% 28.20% 22.95% 7.01%

XLY (NAV)
2.01% 7.02% 3.17% 19.89% 28.20% 22.93% 7.02%

S&P Consumer Discretionary Select Sector Index
2.03% 7.08% 3.28% 20.14% 28.50% 23.20% 7.08%

Thomson Reuters US Cyclicals
1.75% 6.21% 2.99% 17.58% 27.50% 22.68% 6.21%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

XLY Portfolio Management

0.16%

The net annual fee a fund holder pays to the issuer.

-0.28%

Compares returns of the fund's NAV to its underlying index for a daily series of overlapping 12 month periods. The median is the middle value of the results.

-0.21%

Largest deviation in a positive direction of a fund's returns vs. its underlying index over the past 12 months.

-0.36%

Largest deviation in a negative direction of a fund's returns vs. its underlying index over the past 12 months.

XLY Tax Exposures

20.00% / 39.60%

The maximum long-term and short-term U.S. tax rates applicable to a realized capital gain.

0.00%

The average capital gains paid out to shareholders in the past 36 months, measured as a percent of net asset value (NAV) at the time.

Qualified dividends

IRS treatment of the majority of the fund's distributions.

No

ETFs that are structured as commodities pools and classified as limited partnerships by the IRS will issue K-1 forms to holders.

XLY Fund Structure

Open-Ended Fund

The organizational structure of the fund or ETN.

No

An indicator of whether a fund uses over-the-counter derivatives such as swaps or forwards to achieve its objectives.

Yes

An indicator of whether or not a fund actively lends its portfolio holdings.

100% / 0%

The division of securities lending revenue between the fund and the issuer.

N/A

The institution responsible for providing the return of the stated index and whose credit is the sole backing of the ETN.

N/A

The risk of default by the ETN counterparty.

Low

The likelihood that an issuer will shut down a fund for business or regulatory reasons.

Daily

The frequency of an issuer's disclosure of all fund holdings.

XLY ETF.com Tradability Insight

XLY trades better than any other fund in the segment. About $350M changes hands most days. Tight bid/ask spreads—about a penny wide, or 0.02%—minimize round-trip costs. Block liquidity is strong using liquidity providers. The fund's strong Tradability benefits buy-and-hold investors and day-traders alike. (Insight updated 04/03/2014)

Average Spread

Premium/Discount

Volume

XLY ETF.com/ Block LiquidityAs of 08/29/2014

5
4
3
2
1

This measurement shows how easy it is to trade 25,000 shares of XLY. XLY is rated a 5 out of 5.

XLY Tradability

5,835,043

It is the daily number of shares traded, averaged over the past 45 trading days.

$391.5 M

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

4,172,839

Median number of shares traded over the past 45 trading days.

$281.04 M

Median dollar value of shares traded over the past 45 trading days.

0.02%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent.

$0.01

The difference between the highest and lowest posted prices for an ETF, averaged over the past 45 days, in dollars.

0.00%

The middle value in the ranked set of all premium/discount values over a maximum 12-month period.

0.16% / -0.11%

The greatest amount that the market price exceeded (premium) and fell below (discount) its fair value/net asset value (NAV) over a maximum 12-month period.

None

This flags whether there is currently a systemic issue that has restricted the ability to create or redeem shares of the fund. This may be imposed by the fund's issuer, or by external circumstances.

100.00%

The percent of time that the underlying securities of an ETF are open to trading while US exchanges are open.

50,000

The smallest block of ETF shares that an Authorized Participant can either create or redeem at net asset value (NAV) with the issuer in exchange for the underlying shares of the fund.

83.46

The median 45 day share volume divided by the creation unit size of the fund. The higher the number, the more likely that liquidity providers will trade the fund in size, or in odd lots.

0.01%

The standard fee to create or redeem 1 creation unit of an ETF as a percentage of the dollar value of 1 creation unit.

0.03%

This metric serves as a way of understanding the impact of executing 1 creation unit worth of an ETF in terms of the volume of its underlying components.

320,271

The total number of net outstanding options contracts for an ETF.

$68.81

The total market value of the assets that an ETF holds less fund expenses.

5

An estimate of liquidity for the underlying baskets of securities, scaled 1 to 5.

XLY ETF.com Fit Insight

XLY delivers a concentrated but representative basket of consumer discretionary stocks. XLY's S&P 500 universe explains its concentration. Competing funds draw from the broad market, but XLY's smaller pool pushes more weight into its top 10 stocks. This means moves in top names may play a key role in XLY's performance relative to its peers. The fund should appeal to investors wanting marketlike exposure with a large-cap bias, or even generic exposure to the consumer sector. (Insight updated 04/03/2014)

XLY Geographic Exposure

XLY Segment Benchmark
99.81% 100.00%
0.04% --
0.14% --

XLY Segment Benchmark
99.96% 100.00%
0.04% --
99.96% / 0.04% 100.00% / --

XLY Performance Statistics

0.99

The degree to which the fund and its segment benchmark move up and down in unison.

1.02

The sensitivity of the returns of the fund to the movement of the ETF.com segment benchmark. Beta of 1.0 means magnitude of fund returns equals that of IU benchmark returns.

1.00

The comparison of a fund's return to our benchmark's for days when the benchmark is up. Ideally down beta is less than up beta while beta of 1.0 means they're equal.

1.00

The comparison of a fund's return to our benchmark's for days when the benchmark is down. Ideally down beta is less than up beta while beta of 1.0 means they're equal.

0.08%

A measure of the variability between the fund's returns and the ETF.com segment benchmark returns on days when the fund underperforms the benchmark.

Thomson Reuters US Cyclicals

This is the index that we have chosen as the best-in-class gauge for each segment's broad market.

XLY Benchmark Comparison

XLY
84 Holdings
Segment Benchmark
270 Constituents
Shared Holdings
79 (Count)
 
70.63% (Weight)
XLYSegment Benchmark
$59.85 B$61.91 B

The average market capitalization of the firms in the portfolio based on each firm’s weighting in the portfolio.

The breakdown of the portfolio’s holdings into each market capitalization bucket based on each firm’s weighting in the portfolio.

74%83%
21%17%
5%0%
0%0%
23.6821.41

Weighted average ratio of prices of a fund’s stocks to trailing earnings of underlying stocks.

3.934.22

Weighted average ratio of prices of a fund’s stocks to the book value of underlying equity.

1.31%1.41%

The weighted average of the current yield on the portfolio’s holdings.

27084

The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

LowMedium

The level of return contribution attributable to the average portfolio constituent.