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PSL vs XLP

Invesco Dorsey Wright Consumer Staples Momentum ETF

PSLDNasdaq

State Street Consumer Staples Select Sector SPDR ETF

XLPANYSE Arca

Overlap

30.1%by weight

Expense ratio

XLP −0.52pt a year

PSL0.60%XLP0.08%

Avg volume · 30D

XLP 7830.1×the volume

PSL1.49KXLP11.7M

10Y return · a year

PSL +0.4pt

PSL+8.8%XLP+8.4%

PSL vs XLP Performance

Nov 3, 2021 – Nov 3, 2026

+28.4%PSL+40.0%XLP

Nov 3, 2021 to Nov 3, 2026. PSL +28.4%. XLP +40.0%. Use the arrow keys to read each point.−20%−10%0%10%20%Nov 2021May 2024Nov 2026
Expense ratio
PSL 0.60%
XLP 0.08%, better
Fund size
PSL $81M
XLP $15.4B
1Y total return
PSL +10.6%
XLP +20.8%, better
Yield (12M)
PSL 0.71%
XLP 2.47%, better
Holdings
PSL 51
XLP 35
Avg volume (30D)
PSL 1.49K sh
XLP 11.7M sh, better
NAV per share
PSL $114.32
XLP $90.82
52W range

ETF.net Grade

PSL: Cost 22, Risk 50, Mission not scored, Tradability 17, Holdings 86, Durability 48. XLP: Cost 94, Risk 69, Mission 78, Tradability 98, Holdings 57, Durability 80.
Pillar letters and Scores for PSL, XLP, with each pillar’s weight
PillarPSLXLP
Cost30% weightF22A94Higher
Mission25% weightNot scoredA78
Risk15% weightC50B69Higher
Tradability15% weightF17A98Higher
Holdings10% weightA86HigherB57
Durability5% weightC48A80Higher

Rank among Consumer Staples (Broad) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. PSL and XLP are both graded against the same 12 Consumer Staples (Broad) funds, so their Grades compare head to head.

Consumer Staples (Broad)⁠

Category · 12 funds
See all 12 ›

XLP ranks 1st and PSL 9th of 12 funds in the Consumer Staples (Broad) Category.

  1. Rank 1AXLPState Street Consumer Staples Select Sector SPDR ETFScore 84
  2. Rank 2AFSTAFidelity MSCI Consumer Staples Index ETFScore 75
  3. Rank 8CTRUOVanEck Consumer Staples TruSector ETFScore 40
  4. Rank 9DPSLInvesco Dorsey Wright Consumer Staples Momentum ETFScore 36
  5. Rank 10DFTXGFirst Trust Nasdaq Food & Beverage ETFScore 32

Our read on each fund

ETF.net Research

PSLDInvesco Dorsey Wright Consumer Staples Momentum ETF

XLPAState Street Consumer Staples Select Sector SPDR ETF

In short

PSL Most staples funds buy the whole aisle. PSL ranks staples names on relative strength and reshuffles quarterly, holding roughly 50 at 0.60% net of a waiver through August 31, 2028.

XLP One of the original sector funds, live since December 1998. XLP is the S&P 500's staples aisle: roughly 40 makers of soap, soda, snacks and smokes, cap-weighted, for eight basis points.

Stated mandate

PSL The Fund is based on the Dorsey Wright Consumer Staples Technical Leaders Index, which selects at least 30 consumer-staples securities exhibiting powerful relative-strength characteristics.

XLP The fund seeks to track, before expenses, the price and yield performance of the Consumer Staples Select Sector Index, representing U.S. consumer staples companies.

Why people hold it

  • PSL Momentum inside the market's most defensive aisle: the index picks at least 30 staples names showing relative strength, then rebalances and reconstitutes every quarter.invesco.com
  • Price strength, not market cap, decides who gets in, so the roughly 50-stock lineup can look very different from the cap-weighted staples giants.invesco.com
  • Live since 2006, making it one of the longest-running momentum sector funds on the board, with pay-outs on a quarterly schedule.
  • XLP 0.08% a year against a peer-group median of 0.40%. In a slow-and-steady sector, that fee gap is one of the few things you actually control.
  • Part of the first suite of sector ETFs launched in 1998, and still a multi-billion-dollar fund that trades very actively. Getting in and out is rarely the hard part.ssga.com
  • Ties FSTA on fee and undercuts VDC, while holding strictly to S&P 500 members rather than a wider universe. Clean, literal exposure to the index's staples slice.ssga.com
  • Among the strongest implementations in the staples cohort: broad mandate, quarterly distributions, no structural quirks buried in the wrapper.

Worth knowing

  • PSL The screen costs: 0.60% net of a waiver through August 31, 2028 (0.76% gross) sits above the staples category median. XLP charges 0.08%, VDC 0.09%, neither under a waiver.
  • Thinly traded next to the big staples funds, so spreads can widen and limit orders earn their keep.
  • A quarterly momentum reset means holdings turn over and the portfolio can drift far from the broad staples benchmark, for better or worse.invesco.com
  • XLP About 40 names, market-cap weighted with index caps applied for diversification. The biggest retailers and household-product giants still carry outsized weight.spglobal.com
  • U.S. only. Foreign staples heavyweights sit outside the mandate; KXI casts a global net, and RSPS spreads weight evenly instead of by size.
  • This is one slice of the S&P 500, not a diversified core. Staples run on their own cycle and can drift far from the broad market for long stretches.

Full PSL profile⁠

Full XLP profile⁠

PSL vs XLP Holdings

How PSL and XLP differ

Overlap by weight

30.1%

Shared holdings make up 52.3% of XLP and 38.8% of PSL.

Level by level

  • Holdings14 in both30.1%
  • Sector5 Sectors90.6%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

Sector weights in PSL and XLP, widest gap first
SectorMore in PSLMore in XLPGap
Consumer StaplesXLP +7.9 points
Consumer DiscretionaryPSL +6.1 points
IndustrialsPSL +2.0 points
MaterialsXLP +1.6 points
FinancialsPSL +1.4 points

Country, concentration and asset class

Country by domicile

Country weights in PSL and XLP, widest gap first
CountryMore in PSLMore in XLPGap
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • PSL35.1%
  • XLP63.8%

Securities held

  • PSL49
  • XLP34

Asset class

PSL
Equity
XLP
Equity

Holdings

  • Only in PSL35
  • In both14
  • Only in XLP20

Only in PSL

35 securities, 61.2% of PSL by weight

  • US Foods Holding Corp3.92%
  • BJ's Wholesale Club Holdings Inc3.67%
  • Performance Food Group Co3.62%

Only in XLP

20 securities, 47.6% of XLP by weight

  • Walmart Inc11.40%
  • Colgate Palmolive Co4.48%
  • Mondelez International Inc A4.30%

Weight gaps

All 14 Holdings in both funds, largest gap first.

Holding weights in PSL and XLP, widest gap first
HoldingMore in PSLMore in XLPGap
Costco Wholesale CorpCOSTXLP +6.73 points
Procter & Gamble Co/ThePGXLP +5.17 points
Coca-Cola Co/TheKOXLP +4.22 points
Philip Morris International IncPMXLP +2.96 points
Casey's General Stores IncCASYPSL +2.58 points
Estee Lauder Cos Inc/TheELPSL +2.12 points
Altria Group IncMOXLP +1.50 points
J M Smucker Co/TheSJMPSL +1.20 points

All 48 PSL holdings⁠All 35 XLP 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.

PSL vs XLP Cost

Overpaying PSL vs XLP

$10,128

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

  • PSL 0.60%

    $11,817

  • XLP 0.08%

    $1,689

$10,000
30 years

Cost over time

  • PSL 0.60%
  • XLP 0.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530PSL $11,817XLP $1,689

Year by year

YearPSLXLPOverpaying
10$1,076$147$929
20$4,116$575$3,541
30$11,817$1,689$10,128

Expense ratio

  • 0.60%PSL
  • 0.08%XLP, cheaper
  • Middle half of Consumer Staples (Broad) funds
  • Median 0.38%

XLP cheapest of 12 funds

PSL 9th cheapest of 12 funds

PSL vs XLP Dividends

Last 12 months to Nov 3, 2026
Yield (12M)
PSL 0.71%
XLP 2.47%, better
Payout (12M)
PSL $0.80
XLP $2.20
Last payment
PSL $0.17
XLP $0.54
Ex-dividend
PSL Sep 21, 2026
XLP Sep 21, 2026
Paid on
PSL Sep 25, 2026
XLP Sep 23, 2026
Frequency
PSL Quarterly
XLP Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

PSLQuarterly · 36 paymentsAll PSL payments⁠
One bar per payment. 36 payments from 2017 to 2026 YTD. Jun 16, 2017 $0.10; Sep 18, 2017 $0.12; Mar 19, 2018 $0.07; Jun 18, 2018 $0.13; Sep 24, 2018 $0.13; Dec 24, 2018 $0.16; Jun 24, 2019 $0.08; Sep 23, 2019 $0.14; Dec 23, 2019 $0.13; Mar 23, 2020 $0.16; Jun 22, 2020 $0.18; Sep 21, 2020 $0.19; Dec 21, 2020 $0.17; Mar 22, 2021 $0.12; Jun 21, 2021 $0.35; Sep 20, 2021 $0.35; Dec 20, 2021 $0.31; Mar 21, 2022 $0.21; Jun 21, 2022 $0.36; Sep 19, 2022 $0.25; Dec 19, 2022 $0.82; Mar 20, 2023 $0.27; Jun 20, 2023 $0.36; Sep 18, 2023 $0.23; Dec 18, 2023 $0.40; Mar 18, 2024 $0.18; Jun 24, 2024 $0.13; Sep 23, 2024 $0.10; Dec 23, 2024 $0.21; Mar 24, 2025 $0.22; Jun 23, 2025 $0.28; Sep 22, 2025 $0.20; Dec 22, 2025 $0.23; Mar 23, 2026 $0.21; Jun 22, 2026 $0.19; Sep 21, 2026 $0.17. Use the arrow keys to read each point.$0$0.502017202020232026YTD
XLPQuarterly · 39 paymentsAll XLP payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.29; Jun 16, 2017 $0.44; Sep 15, 2017 $0.35; Dec 15, 2017 $0.42; Mar 16, 2018 $0.30; Jun 15, 2018 $0.39; Sep 21, 2018 $0.39; Dec 21, 2018 $0.46; Mar 15, 2019 $0.30; Jun 21, 2019 $0.45; Sep 20, 2019 $0.36; Dec 20, 2019 $0.51; Mar 23, 2020 $0.29; Jun 22, 2020 $0.46; Sep 21, 2020 $0.38; Dec 21, 2020 $0.56; Mar 22, 2021 $0.36; Jun 21, 2021 $0.44; Sep 20, 2021 $0.44; Dec 20, 2021 $0.51; Mar 21, 2022 $0.33; Jun 21, 2022 $0.51; Sep 19, 2022 $0.46; Dec 19, 2022 $0.53; Mar 20, 2023 $0.34; Jun 20, 2023 $0.53; Sep 18, 2023 $0.49; Dec 18, 2023 $0.54; Mar 18, 2024 $0.55; Jun 24, 2024 $0.58; Sep 23, 2024 $0.44; Dec 23, 2024 $0.60; Mar 24, 2025 $0.42; Jun 23, 2025 $0.55; Sep 22, 2025 $0.54; Dec 22, 2025 $0.63; Mar 23, 2026 $0.45; Jun 22, 2026 $0.57; Sep 21, 2026 $0.54. Use the arrow keys to read each point.$0$0.502017202020232026YTD

PSL vs XLP Risk

Fall from peak · 5 years

  • PSL
  • XLP
Nov 3, 2021 to Nov 3, 2026. Worst fall: PSL −19.0% · Jun 2022. Use the arrow keys to read each point.−15%−10%−5%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
PSL 15.2%XLP 13.2%, better
Return per unit of riskSharpe ratio, 3 years
PSL 0.63XLP 0.63Same figure. Both funds show the same value, so neither comes out ahead.
Worst fallMax drawdown, 5 years
PSL −19.0%XLP −16.3%, better
Market sensitivityBeta, 5 years
PSL 0.66XLP 0.48

PSL and XLP in the news

All news⁠

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