Any August strength out of XLP will be an extension of what has been a solid year-to-date performance. Buoyed by sturdy showings by holdings including Procter & Gamble (NYSE: PG), PepsiCo (NYSE: PEP), Colgate-Palmolive (NYSE: CL) and General Mills (NYSE: GIS), XLP is up 16.6% year-to-date. [Mimic Buffett With These ETFs]
Assuming XLP turns in an impressive August performance, investors may not want to be too hasty in dumping the ETF because it is the second-best SPDR behind XLU in September. XLP has risen in four of the past five Septembers.
Consumer Staples Select Sector SPDR
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of P&G.