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XLYIState Street Consumer Discretionary Select Sector SPDR Premium Income ETF

Get income1y track recordRanked #1,312 of 1,650 in this goal

Seeks current income while maintaining prospects for long term growth of capital.

By State Street Investment Management · Launched 2025

Annual Cost

0.35%

#1,651 of 5,861 · low cost

Fund Size

$2M

#5,492 of 5,861 · small

Dividend YieldGoal

—

Track Record

1 year

#4,532 of 5,861 · young

Performance

Total-return NAV · USD
Growth of $10,000
$10,642+6.4%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

Index tracked

Consumer Discretionary Select Sector Index

What it actually holds

By weight

Concentration

Top 4 holdings = 99.9% of fundconcentrated

State Street Consumer Discretionary Select Sector SPDR ETF
100.1%
State Street Global Advisors
0.7%
Morgan Stanley & Co. LLC
-0.2%
Morgan Stanley & Co. LLC
-0.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
16.4%Moderate

Year-on-year price swings

Max drawdown
-12.3%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks current income while maintaining prospects for long term growth of capital.
Strategy
Invests primarily in securities of Consumer Discretionary companies and sells call options on the Underlying Select Sector Fund to generate additional income. Concentrates investments in the Consumer Discretionary sector of the S&P 500 Index, aiming for long-term capital growth.
Inception date
July 29, 2025
Fund family
State Street Investment Management

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-04