XLI — State Street Industrial Select Sector SPDR ETF

XLI Price Performance — Growth of $10,000

Value of a $10,000 investment in XLI 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.

XLI Drawdown

The "underwater" chart: XLI'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 Industrial Select Sector SPDR ETF (XLI) is an industrials-focused fund managed by State Street Investment Management with $29.8 billion in assets. It holds a B grade and ranks first among nine ETFs in its category, placing it at number 180 out of 458 tracked funds overall. The fund’s 0.08% expense ratio sits significantly below the category median of 0.35%, while its 1.12% dividend yield exceeds the median of 0.81%. Top ten holdings comprise 41.4% of assets, with Caterpillar Inc representing the largest single position at 8.5%.

Over the past year, XLI returned 9.43%, outperforming the category median of 8.67%, though recent short-term trends show weakness with a 3-month decline of 7.08%. The fund’s price of $167.84 currently sits at 50.4% of its 52-week range, reflecting a shift from the stronger year-to-date gain of 7.09%. The B grade has remained unchanged across the last 35 tracked days, indicating stable assessment despite the recent price volatility. Historical data is available for 3.0 years, providing a limited but consistent record for evaluation.

With a beta of 1.01, the ETF moves in near lockstep with the broader market, accompanied by a moderate annualized volatility of 17.46%. A Sharpe ratio of 0.25 suggests modest risk-adjusted returns relative to the risk taken, while the maximum drawdown of -18.49% highlights the potential for significant temporary losses. High liquidity is evident in the average daily volume of 6,787,720 shares, facilitating easy entry and exit. These metrics collectively describe a fund that tracks industrial sector movements with moderate volatility and high trading activity.

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

XLI Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 41.4% 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 XLI's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With XLI

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with XLI's top 10 — VIS overlaps most, holding 9 of the same companies as XLI's top 10 (39.1% of XLI'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.

XLI Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 6.8M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $29.8B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: XLI 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.

XLI Performance History

How XLI Compares to Other Industrials ETFs