Year-to-date, the Financials SPDR (XLF) is outperforming the S&P 500 (SPY) quite a bit with the XLF up 21.7% compared with SPY, which is only up 15.9% during the same time period. The XLF’s success can be attributed to QE3 and Mario Draghi’s “whatever it takes” comments coming out of the ECB in Europe.
