Consumer Discretionary sector vs S&P 500 (XLY): is it outperforming?
Over the past month, XLY has underperformed the S&P 500 by 1.5 points. Here is where that puts it in the sector rotation — updated daily.
Where XLY sits on the rotation map
Consumer Discretionary highlighted against the 11 broad S&P 500 sectors. Vertical: 1-month spread vs the S&P 500. Horizontal: the longer, time-shifted window — the methodology explains the math.
XLY vs SPY: head-to-head returns
XLY (consumer discretionary) and SPY (the S&P 500) side by side over every window Zensei tracks. The spread is the difference — positive means XLY won that window.
Data as of 2026-07-13 · computed from daily adjusted closes · how we measure
The read
Consumer Discretionary (XLY) is out of favor: it trails the S&P 500 on both rotation windows — 1.5 points behind over the past month and 5.8 points behind over the longer, time-shifted window. That is the lagging quadrant. Ranked by one-month spread, it currently stands #59 of the 115 groups Zensei tracks.
On the shorter tape, XLY's momentum is weakening: the intraday trend that carried the move is cooling across the shorter windows. XLY's relative-strength line has broken below its long-term average — the long-term outperformance trend is no longer intact. Both signals point the same direction here: the market is not rewarding this group on either horizon.
The exposure comes via Consumer Discretionary Select Sector SPDR, whose 47 tracked holdings are led by AMAZON.COM INC, TESLA INC and THE HOME DEPOT INC. Weighted by portfolio, the fund's holdings trade at roughly 95.4× earnings and 6.1× sales. The thing to watch from here is the one-month spread: laggards only become interesting when the recent window turns positive first — until then, the market is voting elsewhere.
What's inside XLY
Top 10 of 47 tracked holdings, by portfolio weight.
Consumer Discretionary vs the market — common questions
Is consumer discretionary outperforming the S&P 500?
Right now, no: over the past month XLY has underperformed the S&P 500 by 1.5 points. This page updates daily, so the answer reflects current market data rather than a dated article.
What is XLY?
XLY is Consumer Discretionary Select Sector SPDR, the fund Zensei uses to measure the consumer discretionary group against the S&P 500 benchmark (SPY).
Which stocks are in XLY?
XLY's largest tracked positions are AMAZON.COM INC, TESLA INC, THE HOME DEPOT INC, MCDONALD'S CORP, TJX COMPANIES INC — 47 holdings in total. The full list, with each stock measured against the group, is available with a free Zensei account.
What quadrant is consumer discretionary in right now?
As of the latest daily data, consumer discretionary is in the lagging quadrant — trailing the S&P 500 on both windows. The quadrant rules are documented on the Zensei methodology page.
Related sectors
Track consumer discretionary against the whole market
Zensei Edge maps 100+ sectors and themes against the S&P 500 — with the stocks inside each one, rotation history and alerts when leadership changes hands.