IYC vs XLY: Grades, Fees and Holdings Compared

iShares U.S. Consumer Discretionary ETF

IYCCNYSE Arca

State Street Consumer Discretionary Select Sector SPDR ETF

XLYANYSE Arca

Overlap

61.5%by weight

Expense ratio

XLY −0.29pt a year

IYC0.37%XLY0.08%

Avg volume · 30D

XLY 50.8×the volume

IYC145KXLY7.35M

10Y return · a year

XLY +0.9pt

IYC+12.1%XLY+13.0%

IYC vs XLY Performance

Nov 9, 2021 – Nov 9, 2026

+26.9%IYC+23.4%XLY

Expense ratio: IYC 0.37%; XLY 0.08%, better
Fund size: IYC $1.61B; XLY $22.7B
1Y total return: IYC +4.3%, better; XLY +3.4%
Yield (12M): IYC 0.50%; XLY 0.77%, better
Holdings: IYC 158; XLY 50
Avg volume (30D): IYC 145K sh; XLY 7.35M sh, better
NAV per share: IYC $103.31; XLY $117.59
52W range

ETF.net Grade

Pillar letters and Scores for IYC, XLY, with each pillar’s weight
Pillar	IYC	XLY
Cost30% weight	D29	A96Higher
Mission25% weight	Not scored	A81
Risk15% weight	A72Higher	B55
Tradability15% weight	B60	A100Higher
Holdings10% weight	B58Higher	C40
Durability5% weight	A71	A79Higher

Rank among Consumer Discretionary (Broad) funds

How we build Categories ›

Same Category. IYC 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 IYC 8th 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 7CPSCDInvesco S&P SmallCap Consumer Discretionary ETFScore 51
Rank 8CIYCiShares U.S. Consumer Discretionary ETFScore 50
Rank 9CTRUDVanEck Consumer Discretionary TruSector ETFScore 49

Our read on each fund

ETF.net Research

IYCCiShares U.S. Consumer Discretionary ETF

XLYAState Street Consumer Discretionary Select Sector SPDR ETF

In short

IYC Consumer discretionary with the tent pitched wide: about 160 Russell 1000 names spanning retail, media and consumer services, with index caps that trim the giants daily. On the tape since June 2000, at 0.37%.

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

IYC The fund seeks to track an index of U.S. equities in the consumer discretionary sector, providing diversified exposure to retail, media, and consumer services companies in the United States.

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

IYC Breadth over a short list: about 160 stocks drawn from the Russell 1000, so mid-cap retailers and services names ride along with the mega-caps.ishares.com
The benchmark is a 40 Act capped build, trimming the heaviest weights on a daily basis so one runaway giant cannot quietly become the whole fund.lseg.com
The media aisle comes attached: retail, consumer services and media companies all sit under one ticker here.ishares.com
Listed in June 2000, so it has traded through the dot-com bust, 2008 and 2020, and it pays quarterly.

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

IYC At 0.37% the fee sits near the category median, but the cheapest cap-weighted rivals undercut it hard: XLY at 0.08%, FDIS at 0.084%, VCR at 0.09%.
Caps trim the top names, they do not flatten them: a few giants still steer this sector, and the whole thing rides on consumer spending.
Moderately traded rather than a volume monster, so spreads can run wider than at the category's busiest tickers.

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 IYC profile⁠

Full XLY profile⁠

IYC vs XLY Holdings

How IYC and XLY differ

Overlap by weight

61.5%

Shared holdings make up 98.2% of XLY and 61.5% of IYC.

Level by level

Holdings46 in both61.5%
Sector5 Sectors69.7%
Countryby domicile99.5%
Asset classStocks100%

Sector

Sector weights in IYC and XLY, widest gap first
Sector	Gap	IYC	XLY
Consumer Discretionary	XLY +30.3 points	68.5%	98.8%
Communication	IYC +12.5 points	12.5%	0.0%
Consumer Staples	IYC +12.4 points	12.4%	0.0%
Industrials	IYC +3.3 points	3.3%	0.0%
Technology	IYC +2.1 points	3.3%	1.2%

Country, concentration and asset class

Country by domicile

Country weights in IYC and XLY, widest gap first
Country	Gap	IYC	XLY
United States	XLY +0.1 points	98.7%	98.8%
Switzerland	XLY +0.4 points	0.8%	1.2%
Canada	IYC +0.4 points	0.4%	0.0%
Finland	IYC +0.1 points	0.1%	0.0%

Concentration

Weight in the 10 largest Holdings

IYC50.3%
XLY67.2%

Securities held

IYC156
XLY48

Asset class

IYC: Stocks
XLY: Stocks

Holdings

Only in IYC110
In both46
Only in XLY2

Only in IYC

110 securities, 38.3% of IYC by weight

Walmart4.39%
Costco Wholesale Corp4.30%
Netflix3.87%
Walt Disney3.44%
Uber Technologies2.28%
Spotify Technology1.61%
Target Corp1.22%
Delta Air Lines0.91%
Take Two Interactive Software0.67%
United Airlines Holdings0.62%
Roblox Class A0.53%
Dollar General Corp0.50%
Live Nation Entertainment0.48%
Estee Lauder Inc Class A0.46%
Copart Inc0.46%
Restaurants Brands International0.45%
Dollar Tree Inc0.43%
Omnicom Group Inc0.40%
Liberty Media Series C0.39%
Southwest Airlines0.35%
Coupang Class A0.34%
Sharkninja0.32%
Rb Global0.29%
Viking Holdings Ltd0.26%
Burlington Stores0.26%
Somnigroup International0.24%
Toll Brothers Inc0.24%
Bjs Wholesale Club Holdings0.24%
Aramark0.23%
Fox Class A0.22%
Rivian Automotive Class A0.22%
Five Below0.22%
Texas Roadhouse Inc0.20%
Tko Group Holdings Inc Class A0.20%
Wayfair Class A0.20%
Flutter Entertainment PLC0.20%
Rollins Inc0.19%
Gamestop Class A0.17%
Borgwarner0.17%
New York Times Class A0.17%
Service0.17%
News Class A0.16%
Dicks Sporting0.15%
Draftkings Class A0.15%
Murphy Usa0.15%
American Airlines Group0.15%
On Holding AG Class A0.14%
Etsy0.14%
Fox Class B0.14%
Pool0.13%

Only in XLY

2 securities, 1.7% of XLY by weight

Doordash Inc A1.74%
Xay Cons Discret DEC26<0.01%

Weight gaps

All 46 Holdings in both funds, largest gap first.

Holding weights in IYC and XLY, widest gap first
Holding	Gap	IYC	XLY
Tesla IncTSLA	XLY +9.21 points	7.32%	16.53%
Amazon.com IncAMZN	XLY +7.72 points	14.84%	22.56%
Home DepotHD	XLY +1.60 points	4.01%	5.61%
Mcdonalds CorpMCD	XLY +1.36 points	3.33%	4.69%
TjxTJX	XLY +1.32 points	2.54%	3.86%
Lowes Companies IncLOW	XLY +1.12 points	2.13%	3.25%
Starbucks CorpSBUX	XLY +1.06 points	2.04%	3.10%
Booking HoldingsBKNG	XLY +1.01 points	2.11%	3.12%
Hilton Worldwide HoldingsHLT	XLY +0.76 points	1.39%	2.15%
Marriott International Class AMAR	XLY +0.76 points	1.54%	2.30%
Airbnb Class AABNB	XLY +0.73 points	1.33%	2.06%
Royal Caribbean GroupRCL	XLY +0.71 points	1.39%	2.10%
Ross Stores IncROST	XLY +0.67 points	1.24%	1.91%
General MotorsGM	XLY +0.67 points	1.28%	1.95%
Oreilly Automotive IncORLY	XLY +0.64 points	1.24%	1.88%
Carvana Class ACVNA	XLY +0.51 points	0.86%	1.37%
AutozoneAZO	XLY +0.46 points	0.90%	1.36%
Ford Motor CoF	XLY +0.44 points	0.82%	1.26%
EbayEBAY	XLY +0.43 points	0.83%	1.26%
GarminGRMN	XLY +0.42 points	0.80%	1.22%
Nike Class BNKE	XLY +0.43 points	0.77%	1.20%
Chipotle Mexican GrillCMG	XLY +0.38 points	0.74%	1.12%
Yum BrandsYUM	XLY +0.37 points	0.76%	1.13%
D R HortonDHI	XLY +0.36 points	0.64%	1.00%
Carnival Corp LtdCCL	XLY +0.33 points	0.64%	0.97%
Williams Sonoma IncWSM	XLY +0.27 points	0.50%	0.77%
Expedia GroupEXPE	XLY +0.27 points	0.50%	0.77%
Ulta Beauty IncULTA	XLY +0.25 points	0.47%	0.72%
TapestryTPR	XLY +0.22 points	0.46%	0.68%
Darden Restaurants IncDRI	XLY +0.22 points	0.44%	0.66%
PultegroupPHM	XLY +0.22 points	0.42%	0.64%
Best BuyBBY	XLY +0.18 points	0.33%	0.51%
Tractor SupplyTSCO	XLY +0.17 points	0.32%	0.49%
HasbroHAS	XLY +0.15 points	0.28%	0.43%
Genuine PartsGPC	XLY +0.15 points	0.29%	0.44%
Lennar A Class ALEN	XLY +0.14 points	0.30%	0.44%
NvrNVR	XLY +0.14 points	0.27%	0.41%
Ralph Lauren Class ARL	XLY +0.14 points	0.23%	0.37%
Lululemon AthleticaLULU	XLY +0.12 points	0.18%	0.30%
Deckers OutdoorDECK	XLY +0.10 points	0.20%	0.30%
Dominos PizzaDPZ	XLY +0.10 points	0.19%	0.29%
Las Vegas SandsLVS	XLY +0.08 points	0.19%	0.27%
Norwegian Cruise Line HoldingsNCLH	XLY +0.07 points	0.14%	0.21%
Aptiv PLCAPTV	XLY +0.07 points	0.14%	0.21%
Wynn ResortsWYNN	XLY +0.05 points	0.11%	0.16%
Mgm Resorts InternationalMGM	XLY +0.05 points	0.10%	0.15%

All 156 IYC 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.

IYC vs XLY Cost

Overpaying IYC vs XLY

$5,824

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

IYC 0.37%
$7,513
XLY 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

IYC 0.37%
XLY 0.08%
Overpaying

Year by year

Year	IYC	XLY	Overpaying
10	$670	$147	$523
20	$2,590	$575	$2,015
30	$7,513	$1,689	$5,824

Expense ratio

0.37%IYC
0.08%XLY, cheaper

XLY0.08%IYC0.37%

0.08%0.60%

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

XLY cheapest of 14 funds

IYC 9th cheapest of 14 funds

IYC vs XLY Dividends

Last 12 months to Nov 9, 2026

Yield (12M): IYC 0.50%; XLY 0.77%, better
Payout (12M): IYC $0.53; XLY $0.93
Last payment: IYC $0.15; XLY $0.24
Ex-dividend: IYC Sep 15, 2026; XLY Sep 21, 2026
Paid on: IYC Sep 18, 2026; XLY Sep 23, 2026
Frequency: IYC Quarterly; XLY Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IYCQuarterly · 39 paymentsAll IYC payments⁠

XLYQuarterly · 39 paymentsAll XLY payments⁠

IYC vs XLY Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: IYC 15.6%, betterXLY 17.7%
Return per unit of riskSharpe ratio, 3 years: IYC 0.77, betterXLY 0.67
Worst fallMax drawdown, 5 years: IYC −35.5%, betterXLY −39.7%
Market sensitivityBeta, 5 years: IYC 1.03XLY 1.21; Market = 1

IYC and XLY in the news

All news⁠

Deep Dive
Amazon and Tesla are 41.6% of consumer discretionary ETF XLY
Oct 28, 2026IYCXLY
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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IYC vs XLY

In short

Stated mandate

Why people hold it