My Top High-Yield ETF to Buy for Passive Income in November

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Select Sector SPDR Trust - The Consumer Staples Select Sector SPDR Fund ›The consumer staples sector is roughly flat year to date compared to a 15%-plus return for the S&P 500. Chock-full of stodgy companies, the sector doesn't have the glitz and glam of red-hot artificial intelligence growth stocks. But it does have qualities that could make it a perfect fit for value investors seeking passive income.Here's why the Consumer Staples Select Sector SPDR Fund (NYSEMKT: XLP), an exchange-traded fund (ETF) that tracks the sector, is worth a closer look in November.Image source: Getty Images.The consumer staples sector includes a variety of household and personal products companies, retailers, grocery stores and food distributors, non-alcoholic beverage companies, tobacco and spirits companies, and consumer packaged goods companies.The sector tends to be resilient during recessions because demand for these products remains consistent regardless of the economy. Consumers are more likely to cut their spending on vacations, big-ticket items, or discretionary purchases like dining out before they alter their spending on everyday products like dish soap and toothpaste. But there are still ways to cut back on basic needs spending, such as shifting from name brands like Coca-Cola to generic brand colas.Many top consumer staples companies are experiencing low organic growth, pressure on sales volumes, and resistance to price increases as consumers are pulling back on spending and seeking more value amid the higher cost of living.Instead of betting on one company or industry, consumer staples ETFs offer a catch-all way to invest in a recovery in consumer spending and collect sizable passive income in the process. Two of the most popular consumer staples ETFs are the Consumer Staples Select Sector SPDR Fund and the Vanguard Consumer Staples ETF (NYSEMKT: VDC). Let's see how they compare.State Street Global Advisors Inc. runs the Consumer Staples Select Sector SPDR Fund, which features $16.1 billion in net assets -- roughly double Vanguard's consumer staples ETF and significantly more than BlackRock's iShares U.S. Consumer Staples ETF -- which has just $1.3 billion in net assets. So investors looking for the most popular consumer staples ETF may lean toward the SPDR product.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,897.00 +23.00 (+0.33%)Dow Futures47,854.00 +132.00 (+0.28%)Nasdaq Futures26,108.00 +104.00 (+0.40%)Russell 2000 Futures2,499.60 +9.70 (+0.39%)VIX17.44 +0.53 (+3.13%)Gold3,976.20 -20.30 (-0.51%)PortfolioSign in to access your portfolioSign inTop gainersBHF Brighthouse Financial, Inc. 57.07 +11.38 (+24.91%)ILMN Illumina, Inc. 123.54 +24.53 (+24.78%)TWLO Twilio Inc. 134.88 +22.02 (+19.51%)TVTX Travere Therapeutics, Inc. 35.16 +5.51 (+18.58%)BFAM Bright Horizons Family Solutions Inc. 109.23 +16.95 (+18.37%)Top losersATGE Adtalem Global Education Inc. 98.02 -43.75 (-30.86%)SPSC SPS Commerce, Inc. 82.24 -21.65 (-20.84%)TBBK The Bancorp, Inc. 65.37 -11.83 (-15.32%)DXCM DexCom, Inc. 58.22 -9.98 (-14.63%)ABR Arbor Realty Trust, Inc. 10.09 -1.46 (-12.64%)Most activeNVDA NVIDIA Corporation 202.49 -0.32 (-0.16%)AMZN Amazon.com, Inc. 244.22 +21.36 (+9.58%)PFE Pfizer Inc. 24.65 +0.36 (+1.48%)OPEN Opendoor Technologies Inc. 7.77 +0.43 (+5.86%)ONDS Ondas Holdings Inc. 6.44 +0.15 (+2.38%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersBTC-USD Bitcoin USD 110,289.37 +346.01 (+0.31%)ETH-USD Ethereum USD 3,887.21 +22.97 (+0.59%)XRP-USD XRP USD 2.51 +0.01 (+0.59%)VOLT Tema Electrification ETF 30.49 -0.08 (-0.26%)SOL-USD Solana USD 187.87 +2.48 (+1.34%)Top economic events