Consumer Discretionary Select Etf Profile
XLY Etf | USD 183.89 0.57 0.31% |
Performance5 of 100
| Odds Of DistressLess than 9
|
Consumer Discretionary is trading at 183.89 as of the 29th of March 2024; that is -0.31% down since the beginning of the trading day. The etf's open price was 184.46. Consumer Discretionary has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for Consumer Discretionary Select are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of February 2024 and ending today, the 29th of March 2024. Click here to learn more.
The fund generally invests substantially all, but at least 95, of its total assets in the securities comprising the index. SP 500 is traded on NYSEARCA Exchange in the United States. More on Consumer Discretionary Select
Moving together with Consumer Etf
0.99 | VCR | Vanguard Consumer | PairCorr |
0.83 | ITB | IShares US Home Low Volatility | PairCorr |
0.99 | FDIS | Fidelity MSCI Consumer | PairCorr |
0.84 | XHB | SPDR SP Homebuilders | PairCorr |
0.9 | IYC | IShares US Consumer | PairCorr |
0.82 | PEJ | Invesco Dynamic Leisure | PairCorr |
Moving against Consumer Etf
0.44 | RCD | Invesco Symbol Change | PairCorr |
Consumer Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Consumer Discretionary's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Consumer Discretionary or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Thematic Ideas | (View all Themes) |
Old Names | [Auxly Cannabis Group Inc, LIETUVOS DUJOS, LIETUVOS DUJOS] |
Business Concentration | Consumer Discretionary ETFs, Sector ETFs, Consumer Cyclical, SPDR State Street Global Advisors (View all Sectors) |
Issuer | SSgA |
Inception Date | 1998-12-16 |
Benchmark | S&P Consumer Discretionary Select Sector Index |
Entity Type | Regulated Investment Company |
Asset Under Management | 20.11 Billion |
Average Trading Valume | 3.96 Million |
Asset Type | Equity |
Category | Sector |
Focus | Consumer Discretionary |
Market Concentration | Developed Markets |
Region | North America |
Administrator | State Street Bank and Trust Company |
Advisor | SSgA Funds Management, Inc. |
Custodian | State Street Bank and Trust Company |
Distributor | ALPS Portfolio Solutions Distributor, Inc. |
Portfolio Manager | Mike Feehily, Karl Schneider, Kala ODonnell |
Transfer Agent | State Street Bank and Trust Company |
Fiscal Year End | 30-Sep |
Exchange | NYSE Arca, Inc. |
Number of Constituents | 54.0 |
Market Maker | Citadel |
Total Expense | 0.1 |
Management Fee | 0.03 |
Country Name | USA |
Returns Y T D | 3.38 |
Name | Consumer Discretionary Select Sector SPDR Fund |
Currency Code | USD |
Open Figi | BBG000BJ1MF9 |
In Threey Volatility | 25.55 |
1y Volatility | 21.32 |
200 Day M A | 170.48 |
50 Day M A | 178.67 |
Code | XLY |
Updated At | 28th of March 2024 |
Currency Name | US Dollar |
Consumer Discretionary Select [XLY] is traded in USA and was established 1998-12-16. The fund is classified under Consumer Cyclical category within SPDR State Street Global Advisors family. The entity is thematically classified as Consumer Discretionary ETFs. Consumer Discretionary at this time have 14.17 B in net assets. , while the total return for the last 3 years was 4.3%.
Check Consumer Discretionary Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Consumer Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Consumer Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Consumer Discretionary Select Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Consumer Discretionary Select Etf Constituents
F | Ford Motor | Stock | Consumer Discretionary |
NFLX | Netflix | Stock | Communication Services |
BKNG | Booking Holdings | Stock | Consumer Discretionary |
TSLA | Tesla Inc | Stock | Consumer Discretionary |
TJX | The TJX Companies | Stock | Consumer Discretionary |
TGT | Target | Stock | Consumer Staples |
SBUX | Starbucks | Stock | Consumer Discretionary |
Consumer Discretionary Target Price Odds Analysis
Based on a normal probability distribution, the odds of Consumer Discretionary jumping above the current price in 90 days from now is about 6.1%. The Consumer Discretionary Select probability density function shows the probability of Consumer Discretionary etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the etf has a beta coefficient of 1.247. This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Consumer Discretionary will likely underperform. Additionally, consumer Discretionary Select has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
Based on a normal probability distribution, the odds of Consumer Discretionary to move above the current price in 90 days from now is about 6.1 (This Consumer Discretionary Select probability density function shows the probability of Consumer Etf to fall within a particular range of prices over 90 days) .
Consumer Discretionary Top Holders
OAIE | Series Portfolios Trust | Etf | Materials |
MPRO | Northern Lights | Etf | Moderate Allocation |
TDSB | Cabana Target Drawdown | Etf | Tactical Allocation |
CSPGX | Astor Star Fund | Mutual Fund | Tactical Allocation |
HTDCX | Hanlon Tactical Dividend | Mutual Fund | Tactical Allocation |
SDRCX | Swan Defined Risk | Mutual Fund | Options Trading |
HTDIX | Hanlon Tactical Dividend | Mutual Fund | Tactical Allocation |
Consumer Discretionary Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Consumer Discretionary market risk premium is the additional return an investor will receive from holding Consumer Discretionary long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Consumer Discretionary. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Consumer Discretionary's alpha and beta are two of the key measurements used to evaluate Consumer Discretionary's performance over the market, the standard measures of volatility play an important role as well.
Risk Adjusted Performance | 0.0303 | |||
Jensen Alpha | (0.12) | |||
Total Risk Alpha | (0.18) | |||
Sortino Ratio | (0.1) |
Consumer Discretionary Against Markets
Picking the right benchmark for Consumer Discretionary etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Consumer Discretionary etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Consumer Discretionary is critical whether you are bullish or bearish towards Consumer Discretionary Select at a given time. Please also check how Consumer Discretionary's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Consumer Discretionary without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Consumer Etf?
Before investing in Consumer Discretionary, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Consumer Discretionary. To buy Consumer Discretionary etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Consumer Discretionary. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Consumer Discretionary etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Consumer Discretionary Select etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Consumer Discretionary Select etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Consumer Discretionary Select, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Consumer Etf please use our How to Invest in Consumer Discretionary guide.
Already Invested in Consumer Discretionary Select?
The danger of trading Consumer Discretionary Select is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Consumer Discretionary is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Consumer Discretionary. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Consumer Discretionary is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Consumer Discretionary offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Consumer Discretionary's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Consumer Discretionary Select Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Consumer Discretionary Select Etf: Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Consumer Discretionary Select. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Consumer Etf analysis
When running Consumer Discretionary's price analysis, check to measure Consumer Discretionary's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Consumer Discretionary is operating at the current time. Most of Consumer Discretionary's value examination focuses on studying past and present price action to predict the probability of Consumer Discretionary's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Consumer Discretionary's price. Additionally, you may evaluate how the addition of Consumer Discretionary to your portfolios can decrease your overall portfolio volatility.
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The market value of Consumer Discretionary is measured differently than its book value, which is the value of Consumer that is recorded on the company's balance sheet. Investors also form their own opinion of Consumer Discretionary's value that differs from its market value or its book value, called intrinsic value, which is Consumer Discretionary's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Consumer Discretionary's market value can be influenced by many factors that don't directly affect Consumer Discretionary's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Consumer Discretionary's value and its price as these two are different measures arrived at by different means. Investors typically determine if Consumer Discretionary is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Consumer Discretionary's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.