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 (XLF) is a financial sector ETF, issued by State Street Investment Management. It holds a position at #196 of 458 tracked ETFs, indicating a moderate ranking. The ETFValuer grade of C (score 64.2/100) suggests room for improvement. With an expense ratio of 0.08%, it is relatively cost-effective, and a dividend yield of 1.02% offers a modest income stream. The price of $57.48 and an AUM of $57.9B indicate strong investor adoption, as the fund has attracted significant assets despite its moderate ranking.

The XLF ETF exhibits a mixed performance pattern across different time horizons. In the short term, it showed a 1-day return of +0.93%, indicating stability. Over the medium term, the 1M return of +2.96% suggests a positive trend. However, the 1W return of -1.17% and 3M return of +11.50% indicate some volatility, with the 3M return being notably higher. The 6M and YTD returns of +10.46% and +5.55%, respectively, show a steady but not aggressive upward trajectory. The 1Y return of +10.41% and 3Y return of +76.34% demonstrate strong long-term performance, with the latter being particularly impressive, indicating a consistent upward trend over the past three years.

The XLF ETF is labeled as having low volatility, with a beta of 0.72, suggesting it tends to move less than the overall market. Its Sharpe ratio of 0.37 indicates a moderate risk-adjusted return, implying that the fund provides a reasonable return for the level of risk taken. The maximum drawdown of -15.54% reflects the fund's potential for significant losses during market downturns, though still within a relatively low range. Overall, these figures suggest that the ETF is suitable for investors seeking a balanced approach with lower risk and moderate returns, potentially offering stability in both up and down markets.

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

XLF Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 56.3% 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 (56.3% 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: 4.69% (as of 2026-08-20) — 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): 16.01 (as of 2026-08-20) — 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: 3.63% (as of 2026-07-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

XLF Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.02% and average daily volume is 34.3M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $57.9B 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