FXD vs XLY: Grades, Fees and Holdings Compared

First Trust Consumer Discretionary AlphaDEX Fund

FXDDNYSE Arca

State Street Consumer Discretionary Select Sector SPDR ETF

XLYANYSE Arca

Overlap

20.6%by weight

Expense ratio

XLY −0.52pt a year

FXD0.60%XLY0.08%

Avg volume · 30D

XLY 677.1×the volume

FXD10.9KXLY7.35M

10Y return · a year

XLY +4.3pt

FXD+8.7%XLY+13.0%

FXD vs XLY Performance

Nov 9, 2021 – Nov 9, 2026

+16.8%FXD+23.4%XLY

Expense ratio: FXD 0.60%; XLY 0.08%, better
Fund size: FXD $267M; XLY $22.7B
1Y total return: FXD +10.6%, better; XLY +3.4%
Yield (12M): FXD 0.66%; XLY 0.77%, better
Holdings: FXD 111; XLY 50
Avg volume (30D): FXD 10.9K sh; XLY 7.35M sh, better
NAV per share: FXD $70.33; XLY $117.59
52W range

ETF.net Grade

Pillar letters and Scores for FXD, XLY, with each pillar’s weight
Pillar	FXD	XLY
Cost30% weight	F4	A96Higher
Mission25% weight	Not scored	A81
Risk15% weight	C54	B55Higher
Tradability15% weight	D30	A100Higher
Holdings10% weight	A90Higher	C40
Durability5% weight	C52	A79Higher

Rank among Consumer Discretionary (Broad) funds

How we build Categories ›

Same Category. FXD and XLY are both graded against the same 14 Consumer Discretionary (Broad) funds, so their Grades compare head to head.

Consumer Discretionary (Broad)⁠

Category · 14 funds

See all 14 ›

XLY ranks 1st and FXD 13th of 14 funds in the Consumer Discretionary (Broad) Category.

Rank 1AXLYState Street Consumer Discretionary Select Sector SPDR ETFScore 80
Rank 2BFDISFidelity MSCI Consumer Discretionary Index ETFScore 70
Rank 12DITBiShares U.S. Home Construction ETFScore 35
Rank 13DFXDFirst Trust Consumer Discretionary AlphaDEX FundScore 33
Rank 14DPEZInvesco Dorsey Wright Consumer Cyclicals Momentum ETFScore 25

Our read on each fund

ETF.net Research

FXDDFirst Trust Consumer Discretionary AlphaDEX Fund

XLYAState Street Consumer Discretionary Select Sector SPDR ETF

In short

FXD Most consumer discretionary ETFs buy the sector as it comes. FXD screens it first: First Trust's AlphaDEX rules rank names on growth and value metrics, landing on roughly 120 holdings. A rules-based stock picker in index clothing, running since 2007.

XLY Live since 1998 as one of the original Select Sector SPDRs, XLY bundles the S&P 500's spending-money stocks (cars, couches, burgers, online carts) into one heavily traded ticker at eight basis points.

Stated mandate

FXD The Fund seeks investment results that generally track the price and yield performance of the StrataQuant® Consumer Discretionary Index before fees and expenses.

XLY The fund seeks to track the performance of the Consumer Discretionary Select Sector Index, providing targeted exposure to companies in the consumer discretionary sector.

Why people hold it

FXD The AlphaDEX screen ranks consumer names on growth and value metrics instead of just size, so the lineup can look very different from the plain sector index.ftportfolios.com
Roughly 120 holdings spread the bet across retailers, restaurants, homebuilders and autos rather than parking most of the money in a couple of megacaps.
It does what the label says: close tracking of the StrataQuant Consumer Discretionary Index, with no style drift away from US consumer discretionary equity.
Live since 2007, so the methodology has run through housing busts, retail shakeouts and a pandemic rather than being a recent backtest.

XLY Charges 0.08% a year, a fraction of the roughly 0.35% typical for consumer discretionary funds, and tied for the cheapest in its peer group.
A multi-billion-dollar fund and one of the most actively traded in the category, which generally shows up as tight bid-ask spreads for buyers and sellers.
Plain mandate: S&P 500 consumer discretionary members, with capping rules that stop any single company from swallowing the index. Pays quarterly.spglobal.com
Trading since December 1998 as one of the first US sector funds, and it still stands among the strongest implementations in its peer group.

Worth knowing

FXD The screen carries a toll: 0.60% a year, against a peer-group median of 0.35% and cap-weighted rivals like XLY, FDIS and VCR charging under a tenth of a percent.
Volume is thin next to the sector's giants, so bid-ask spreads matter more at the moment you trade.
Screened weights are a different bet from the headline sector: results can diverge from plain cap-weighted consumer discretionary exposure in either direction.

XLY About 50 stocks. Even with the index caps, a small handful of megacaps drives most of the movement.spglobal.com
S&P 500 members only, so smaller retailers and restaurant chains sit outside the index entirely.spglobal.com
One sector, and a cyclical one: discretionary spending rises and falls with the economy, and the fund is classified as non-diversified.sec.gov britannica.com

Full FXD profile⁠

Full XLY profile⁠

FXD vs XLY Holdings

How FXD and XLY differ

Overlap by weight

20.6%

Shared holdings make up 72.7% of XLY and 30.9% of FXD.

Level by level

Holdings37 in both20.6%
Sector5 Sectors72.9%
Countryby domicile98.8%
Asset classStocks100%

Sector

Sector weights in FXD and XLY, widest gap first
Sector	Gap	FXD	XLY
Consumer Discretionary	XLY +27.1 points	71.7%	98.8%
Communication	FXD +10.3 points	10.3%	0.0%
Industrials	FXD +8.1 points	8.1%	0.0%
Consumer Staples	FXD +6.4 points	6.3%	0.0%
Technology	FXD +2.4 points	3.6%	1.2%

Country, concentration and asset class

Country by domicile

Country weights in FXD and XLY, widest gap first
Country	Gap	FXD	XLY
Switzerland	XLY +0.9 points	0.3%	1.2%
Finland	FXD +0.6 points	0.6%	0.0%
Canada	FXD +0.6 points	0.6%	0.0%
United States	XLY +0.3 points	98.5%	98.8%

Concentration

Weight in the 10 largest Holdings

FXD16.4%
XLY67.2%

Securities held

FXD110
XLY48

Asset class

FXD: Stocks
XLY: Stocks

Holdings

Only in FXD73
In both37
Only in XLY11

Only in FXD

73 securities, 69.0% of FXD by weight

Crocs, Inc.1.78%
Sirius XM Holdings Inc.1.73%
SharkNinja Inc.1.71%
Mattel, Inc.1.67%
Boyd Gaming Corporation1.59%
Lyft, Inc. (Class A)1.57%
Toll Brothers, Inc.1.56%
Five Below, Inc.1.51%
Versant Media Group, Inc. (Class A)1.47%
Lithia Motors, Inc.1.46%
Delta Air Lines, Inc.1.44%
Macy's, Inc.1.40%
Whirlpool Corporation1.37%
Columbia Sportswear Company1.35%
The Estee Lauder Companies Inc.1.31%
The Gap, Inc.1.30%
Copart, Inc.1.29%
Thor Industries, Inc.1.29%
AutoNation, Inc.1.29%
Lear Corporation1.29%
Birkenstock Holding Plc1.27%
Gentex Corporation1.26%
LKQ Corporation1.21%
Fox Corporation (Class A)1.17%
The Trade Desk, Inc. (Class A)1.17%
DICK'S Sporting Goods, Inc.1.16%
Murphy USA Inc.1.14%
MSG Knickerbockers Corp. (Class A)1.13%
GameStop Corp. (Class A)1.12%
United Airlines Holdings, Inc.1.12%
Bath & Body Works, Inc.1.11%
Churchill Downs Incorporated1.07%
H&R Block, Inc.1.07%
Dillard's, Inc. (Class A)0.99%
Dollar Tree, Inc.0.95%
Duolingo, Inc.0.93%
Floor & Decor Holdings, Inc. (Class A)0.93%
Dollar General Corporation0.93%
The Walt Disney Company0.92%
YETI Holdings, Inc.0.91%
Southwest Airlines Co.0.88%
Ollie's Bargain Outlet Holdings, Inc.0.87%
Live Nation Entertainment, Inc.0.86%
Target Corporation0.84%
Alaska Air Group, Inc.0.83%
Uber Technologies, Inc.0.83%
American Airlines Group Inc.0.82%
V.F. Corporation0.80%
U-Haul Holding Co. (Series N)0.78%
Pool Corporation0.72%

Only in XLY

11 securities, 27.2% of XLY by weight

Tesla Inc16.53%
Booking Holdings Inc3.12%
O Reilly Automotive Inc1.88%
Doordash Inc A1.74%
Ford Motor Co1.26%
Chipotle Mexican Grill Inc1.12%
Tapestry Inc0.68%
Genuine Parts Co0.44%
Las Vegas Sands Corp0.27%
Wynn Resorts Ltd0.16%
Xay Cons Discret DEC26<0.01%

Weight gaps

All 37 Holdings in both funds, largest gap first.

Holding weights in FXD and XLY, widest gap first
Holding	Gap	FXD	XLY
Amazon.com, Inc.AMZN	XLY +21.41 points	1.15%	22.56%
The Home Depot, Inc.HD	XLY +5.28 points	0.33%	5.61%
McDonald's CorporationMCD	XLY +4.36 points	0.33%	4.69%
The TJX Companies, Inc.TJX	XLY +3.58 points	0.28%	3.86%
Lowe's Companies, Inc.LOW	XLY +2.91 points	0.34%	3.25%
Starbucks CorporationSBUX	XLY +2.79 points	0.31%	3.10%
Hilton Worldwide Holdings Inc.HLT	XLY +1.83 points	0.32%	2.15%
Marriott International, Inc.MAR	XLY +1.65 points	0.65%	2.30%
Royal Caribbean Cruises Ltd.RCL	XLY +1.42 points	0.68%	2.10%
lululemon athletica inc.LULU	FXD +1.29 points	1.59%	0.30%
Deckers Outdoor CorporationDECK	FXD +1.23 points	1.53%	0.30%
AutoZone, Inc.AZO	XLY +1.05 points	0.31%	1.36%
Garmin Ltd.GRMN	XLY +0.95 points	0.27%	1.22%
PulteGroup, Inc.PHM	FXD +0.93 points	1.57%	0.64%
Ross Stores, Inc.ROST	XLY +0.82 points	1.09%	1.91%
Yum! Brands, Inc.YUM	XLY +0.80 points	0.33%	1.13%
Aptiv PlcAPTV	FXD +0.80 points	1.01%	0.21%
Norwegian Cruise Line Holdings Ltd.NCLH	FXD +0.80 points	1.01%	0.21%
Lennar CorporationLEN	FXD +0.76 points	1.20%	0.44%
Airbnb, Inc. (Class A)ABNB	XLY +0.76 points	1.30%	2.06%
Carvana Co. (Class A)CVNA	XLY +0.72 points	0.65%	1.37%
General Motors CompanyGM	XLY +0.72 points	1.23%	1.95%
Carnival Corporation Ltd.CCL	FXD +0.69 points	1.66%	0.97%
Hasbro, Inc.HAS	FXD +0.69 points	1.12%	0.43%
NIKE, Inc. (Class B)NKE	XLY +0.60 points	0.60%	1.20%
Ulta Beauty, Inc.ULTA	FXD +0.58 points	1.30%	0.72%
D.R. Horton, Inc.DHI	FXD +0.54 points	1.54%	1.00%
NVR, Inc.NVR	FXD +0.44 points	0.85%	0.41%
MGM Resorts InternationalMGM	FXD +0.42 points	0.57%	0.15%
Best Buy Co., Inc.BBY	FXD +0.42 points	0.93%	0.51%
Expedia Group, Inc.EXPE	FXD +0.32 points	1.09%	0.77%
eBay Inc.EBAY	XLY +0.31 points	0.95%	1.26%
Ralph Lauren CorporationRL	FXD +0.21 points	0.58%	0.37%
Williams-Sonoma, Inc.WSM	XLY +0.16 points	0.61%	0.77%
Tractor Supply CompanyTSCO	FXD +0.15 points	0.64%	0.49%
Domino's Pizza, Inc.DPZ	FXD +0.02 points	0.31%	0.29%
Darden Restaurants, Inc.DRI	XLY +0.01 points	0.65%	0.66%

All 110 FXD holdings⁠All 47 XLY holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FXD vs XLY Cost

Overpaying FXD vs XLY

$10,128

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

FXD 0.60%
$11,817
XLY 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

FXD 0.60%
XLY 0.08%
Overpaying

Year by year

Year	FXD	XLY	Overpaying
10	$1,076	$147	$929
20	$4,116	$575	$3,541
30	$11,817	$1,689	$10,128

Expense ratio

0.60%FXD
0.08%XLY, cheaper

XLY0.08%FXD0.60%

0.08%0.60%

Middle half of Consumer Discretionary (Broad) funds
Median 0.35%

XLY cheapest of 14 funds

FXD 13th cheapest of 14 funds

FXD vs XLY Dividends

Last 12 months to Nov 9, 2026

Yield (12M): FXD 0.66%; XLY 0.77%, better
Payout (12M): FXD $0.48; XLY $0.93
Last payment: FXD $0.14; XLY $0.24
Ex-dividend: FXD Sep 24, 2026; XLY Sep 21, 2026
Paid on: FXD Sep 30, 2026; XLY Sep 23, 2026
Frequency: FXD Quarterly; XLY Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FXDQuarterly · 39 paymentsAll FXD payments⁠

XLYQuarterly · 39 paymentsAll XLY payments⁠

FXD vs XLY Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: FXD 17.9%XLY 17.7%, better
Return per unit of riskSharpe ratio, 3 years: FXD 0.56XLY 0.67, better
Worst fallMax drawdown, 5 years: FXD −33.7%, betterXLY −39.7%
Market sensitivityBeta, 5 years: FXD 1.13XLY 1.21; Market = 1

FXD and XLY in the news

All news⁠

Deep Dive
Amazon and Tesla are 41.6% of consumer discretionary ETF XLY
Oct 28, 2026FXDXLY
Closing Bell
Dow leaps 3.03%, oil falls over 8% after Democrats win Congress
Nov 4, 2026XLY
Top Movers
Korea funds rose 4% Monday, well ahead of Seoul
Oct 19, 2026XLY
Closing Bell
Stocks higher on narrow tech and consumer rally
Oct 19, 2026XLY
Week Ahead
Meta and Lam report Wednesday, and the AI debt question may stay open
Oct 18, 2026XLY
New ETFs
State Street's new Market Sector ETF puts ExxonMobil at 29.4%
Oct 16, 2026XLY

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FXD vs XLY

In short

Stated mandate

Why people hold it