For investors who take a SPY and chill approach, it’s been a bad week. The SPDR S&P 500 ETF Trust (NYSEARCA: SPY) is down about 1.3% in the five days ending August 21. That’s better than the performance of many of the individual names in the index, but it’s a reality check for passive investors.
However, investors in funds like the Consumer Staples Select Sector SPDR Fund (NYSEARCA: XLP) have seen a gain of just over 0.5% in that time. That’s a continuation of a growth story that began turning around in early summer.
