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XLYConsumer Discretionary Select Sector SPDR Fund
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  1. Home
  2. Financial Ratios

  1. Home
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  3. XLY
  4. Financial Ratios

Consumer Discretionary Select Sector SPDR Fund (XLY) Financial Ratios

Latest Ratios: P/E Ratio N/A · EV/EBITDA N/A · ROE N/A. (2026–2026 historical series)

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly

XLY Valuation Multiples

Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow

MetricTTM
Market Cap—
Enterprise Value—
P/E Ratio →—
P/S Ratio—
P/B Ratio—
P/FCF—
P/OCF—

P/E links to full P/E history page with 30-year chart

XLY EV Ratios

Enterprise-value multiples — capital-structure-neutral measures of total business value

MetricTTM
EV / Revenue—
EV / EBITDA—
EV / EBIT—
EV / FCF—

XLY Profitability

Margins and return-on-capital ratios measuring operating efficiency

Margins

Full margin charts and quarterly trend are on the Earnings History page

MetricTTM
Gross Margin—
Operating Margin—
Net Profit Margin—

Return on Capital

MetricTTM
ROE—
ROA—
ROIC—
ROCE—

XLY Leverage & Debt

Solvency and debt-coverage ratios — lower is generally safer

MetricTTM
Debt / Equity—
Debt / EBITDA—
Net Debt / Equity—
Net Debt / EBITDA—
Debt / FCF—
Interest Coverage—

XLY Liquidity & Efficiency

Short-term solvency ratios and asset-utilisation metrics

MetricTTM
Current Ratio—
Quick Ratio—
Cash Ratio—
Asset Turnover—
Inventory Turnover—
Days Sales Outstanding—

XLY Shareholder Yields

Earnings, FCF, buyback, and dividend yields — total returns to shareholders

Dividends

Full dividend history and growth charts are on the Dividend History page

MetricTTM
Dividend Yield—
Payout Ratio—

Total Shareholder Return Metrics

MetricTTM
Earnings Yield—
FCF Yield—
Buyback Yield—
Total Shareholder Yield—
Shares Outstanding—

Key Metrics

Growth RegimeMixed
ProfitabilityModerate
Balance SheetMixed
Cash FlowMixed
Top Statement Risk

Underlying constituent volatility exposure

Market Pricing Reflects Sector Sentiment

As noted in regulatory filings, XLY functions as a pass-through vehicle, meaning traditional valuation multiples like P/E or EV/EBITDA are not applicable at the fund level, as the fund's market price is entirely dependent on the aggregate valuation of its underlying consumer discretionary constituent holdings.

Investors should monitor the weighted average valuation of the underlying portfolio rather than attempting to derive a valuation for the fund itself. The market price of XLY effectively acts as a proxy for investor sentiment toward the broader consumer discretionary sector, which may fluctuate independently of any specific corporate fundamental metric.

Expense Ratios Dictate Net Returns

According to standard fund documentation, the primary profitability metric for XLY is its expense ratio, which directly impacts the net returns delivered to shareholders rather than reflecting traditional corporate operating margins or earning power typically found in standard industrial income statements for individual operating companies.

The fund's profitability is essentially a function of its cost efficiency in tracking the index. Because the fund does not generate operating income, traditional margin analysis is irrelevant, and investors should instead focus on tracking error and the impact of management fees on long-term performance.

Liquidity Tied to Underlying Assets

Based on the fund's prospectus, XLY maintains no corporate liquidity position, as the fund's ability to meet redemption requests is inherently tied to the market liquidity of the underlying equity securities held within the portfolio rather than its own cash or working capital reserves.

The liquidity profile of the fund is structural rather than operational. Investors should be aware that in periods of extreme market stress, the liquidity of the fund is constrained by the ability of authorized participants to trade the underlying constituent stocks, which may lead to deviations between the fund's market price and its net asset value.

Misapplication of Corporate Financial Ratios

As highlighted in standard fund disclosures, the most commonly misapplied metric for XLY is the return on equity, which is fundamentally inappropriate for an exchange-traded fund because the vehicle lacks the corporate capital structure and operational control required to generate a meaningful return on invested capital.

Analysts often mistakenly attempt to apply corporate performance ratios to XLY, which obscures the reality that the fund is a passive investment vehicle. Instead of ROE, investors should evaluate the fund based on its tracking error and the performance of the underlying sector index it is mandated to replicate.

Download Financial Ratios Data

Includes 30+ ratios · 0 years · Updated daily

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XLY — Frequently Asked Questions

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Is XLY stock overvalued?

Based on historical data, Consumer Discretionary Select Sector SPDR Fund is trading at valuation metrics that vary. Compare with industry peers and growth rates for a complete picture.