XLF — State Street Financial Select Sector SPDR ETF

XLF Price Performance — Growth of $10,000

Value of a $10,000 investment in XLF over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

XLF Drawdown

The "underwater" chart: XLF's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The State Street Financial Select Sector SPDR ETF is a financial sector fund managed by State Street Investment Management with $51.0 billion in assets under management. It holds an ETFValuer grade of C, ranking 1 of 9 within its category and 201 of 458 across all tracked ETFs. The fund’s 0.08% expense ratio sits significantly below the category median of 0.35%, while its 1.54% dividend yield trails the peer average of 1.80%. Top ten holdings comprise 57.6% of assets, with Berkshire Hathaway Inc representing the largest single position at 12.1%.

Price action shows the fund trading at $53.75, which is 55.6% of its 52-week range between $47.67 and $58.60. Short-term returns reflect recent weakness, with one-month and three-month figures of -5.86% and -2.88% respectively. This contrasts with a positive one-year return of +1.67%, though it remains slightly below the category median of +1.96%. The fund has maintained a grade C rating consistently over the last 35 tracked days, with price history available for 3.0 years.

The fund exhibits a beta of 0.75 and an annualized volatility of 14.78%, which is labeled as Low. A maximum drawdown of -15.54% indicates the peak-to-trough decline recorded during the analysis period. The Sharpe ratio of -0.23 suggests that risk-adjusted returns have been negative relative to the risk-free rate. Liquidity is robust, supported by an average daily volume of 32,651,939 shares.

AI-generated summary based on the data on this page.

XLF Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 57.6% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how XLF's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With XLF

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with XLF's top 10 — FNCL overlaps most, holding 10 of the same companies as XLF's top 10 (57.6% of XLF's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 5.27% (as of 2026-10-06) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 15.01 (as of 2026-10-06) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

XLF Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 32.7M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $51.0B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: XLF is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

XLF Performance History

How XLF Compares to Other Financial ETFs