← Asset class regime views
US Consumer Discretionary Sector
XLY · Consumer Discretionary Select Sector SPDR Fund — S&P 500 consumer discretionary sector total return.
| Regime | Mean 12m | Median | Hit rate | Volatility | N |
|---|---|---|---|---|---|
| Expansion | +8.8% | +10.6% | 78% | 13.6% | 133 |
| Caution | +10.3% | +14.0% | 73% | 19.5% | 169 |
| Contraction | +39.5% | +40.8% | 94% | 19.2% | 17 |
Forward returns are 12-month total returns (dividends reinvested), measured from each month-end and grouped by the macro regime in effect at that month-end. Sample begins 1998-12-31.Total-return history starts at the proxy ETF's inception (1998-12-22), so contraction-regime samples in particular can be thin — read low-N rows as directional, not precise. These are historical base rates, not forecasts or investment advice.