Visit the full analysis for the latest explanation of Consumer Staples Select Sector SPDR Fund's stock movement.
XLP is a sector ETF that tracks the largest U.S. consumer staples companies — household names like Procter & Gamble, Coca-Cola, Costco, and Walmart — offering broad exposure to the defensive consumer goods industry. It is widely used as a safe-haven allocation during periods of market stress. After months of strong inflows and outperformance driven by defensive rotation, the fund's elevated valuations may be making it more susceptible to pullbacks during broad market weakness.