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2026-09-23

Consumer Staples ETF XLP Falls to All-Time Lows Relative to the S&P 500

Consumer Staples ETF XLP Falls to All-Time Lows Relative to the S&P 500

Key points

Consumer staples ETF XLP price and its relative strength vs the S&P 500 | XLP's ratio to the S&P 500 keeps making new lows, the weakest defensive relative performance on record

Image source: @RyanDetrick