Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
IYW vs XLI: how they differ
IYW and XLI hold 1% of their weight in the same names, and IYW returned more over the year.
iShares U.S. Technology ETF and State Street(R) Industrial Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, IYW and XLI hold 1% of their money in the same securities at the same weight.
| Holding | IYW | XLI |
|---|---|---|
| VERTIV HOLDINGS CO | 0.77% | 2.23% |
| LEIDOS HOLDINGS, INC. | 0.12% | 0.23% |
| Only in IYW | Only in XLI |
|---|---|
| NVIDIA CORPORATION 16.25% | Caterpillar Inc 8.52% |
| APPLE INC. 13.65% | General Electric Co 6.77% |
| ALPHABET INC. 7.84% | GE Vernova Inc 5.48% |
| ALPHABET INC. 6.34% | RTX Corp 4.44% |
| MICROSOFT CORPORATION 3.99% | Boeing Co/The 2.96% |
| BROADCOM INC. 3.78% | Eaton Corp PLC 2.87% |
| ADVANCED MICRO DEVICES, INC. 3.50% | Union Pacific Corp 2.81% |
| MICRON TECHNOLOGY, INC. 2.98% | Deere & Co 2.77% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Jun 30, 2026.
| IYW iShares U.S. Technology ETF | XLI State Street(R) Industrial Select Sector SPDR(R) ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | State Street |
| What it is | U.S. Technology | Industrials |
| Total return, 1 year | +34.9% | +14.3% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +17.4 pts | −3.3 pts |
| Expense ratio | 0.37% | 0.08% |
| Already in the S&P 500 | 95.5% | 100.0% |
| Holdings | 139 | 81 |
IYW in plain words
IYW is an index equity fund tracking the U.S. Technology. Over the year to Sep 11, 2026 it returned +34.9% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.37% a year. By its holdings filed for Apr 30, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 139 positions, with the top ten at 63.7%.
XLI in plain words
XLI is an index equity fund tracking the Industrials. Over the year to Sep 11, 2026 it returned +14.3% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.08% a year. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 81 positions, with the top ten at 41.4%. It sat 7.6% below its high of Aug 14, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, IYW or XLI?
- In the year to Sep 12, 2026, with distributions reinvested, IYW returned +34.9% and XLI returned +14.3%, so IYW returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, IYW or XLI?
- IYW charges 0.37% a year and XLI charges 0.08%, so XLI is cheaper. Fees come from each fund's prospectus.
- How much do IYW and XLI overlap with the S&P 500?
- By their latest filed holdings, 96% of IYW and 100% of XLI by weight is stocks the S&P 500 already holds. Between the two funds, 1% of their books are the same securities at the same weight.
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Where these figures came from
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Cite this page. ETFIQ, IYW against XLI, data as of Sep 12, 2026. https://etfiq.com/compare/any/IYW-XLI Free to use with attribution; the underlying files are at Open data.
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